NZDCAD at supportImportant long-term support at 0.8400 range, possible long position available. Divergence on RSI as well.
Nzdcadlong
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8519 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD REVERSALfor those following me, you would have made
some gains on this one. the reversal has started
as predicted. now lets follow the next set of waves
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PLEASE SEE PREVIOUS CHART BELOW
NZD/CAD idea long positiontimeframe : 1H
entry price : 0.85138
Take profit 1 (conservative) : 0.85928
Take profit 2 (aggressive) : 0.86800
Stop loss : 0.84143
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Don't forget Asset management / and please trade at your own risk and this chart is as my opinion about NZD/CAD
Thank you
Regards
Possible Long Setup on NZDCADBreakout of the resistance. Price is Currently Retesting as support looking to enter at .83955 (Buy Stop)
NZDCAD BUY - watch this spaceNZDCAD UPDATE FOR LONG
the blue bar will be my buy zone. it could extend to around 0.82150. watch out for a flag and buy once it get close/enters the blue zone
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NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8560 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8500 (horizontal swing low support).
RSI (34) is also approaching our descending resistance line and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8562 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8422 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8561 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8483 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (34) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD ready to take offNZDCAD is testing its major support on higher time frames, i am expecting a possible strong break of the current structure or a double bottom and then sharp rallies, so either way i am looking for longs on this market. Watch this out!
Trade Safe!
NZD/CAD - ~200 Pips OpoprtunityA reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now.
We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*.
Give it 8 more hours to confirm its strength to reverse.
NZDCAD-Long, Break of summer trendlineIt looks like NZDCAD bottomed out recently after a summer slide. Watching a break of the trend line to capture some of the missed pivot targets above. 2 missed monthly pivots.
Of course, I have attempted an early entry with stops below support.
NZDCAD potencial longnzdcad 0.24% making a running flat on one hour time frame use your strategy to trade it, i am just giving you the sense of direction
NZD CAD - Breakout triangle continuation , let's go up!Let's see NZD CAD , thought 0.91500 might act as strong support and let start a retracement but 3 minutes ago , 4h candle close above the previous high , so i'm looking for some long position . Would wait for a retest of the resistance with a SL below the candle. First target might be around 0.92500 , old support zone that this time could act as resistance.
That's just my analysis , my opinion , you don't have to take this post as a financial advice. Remember to always protect your capital.
Have a nice day traders , remember that this week will be a high risk week because of the meeting will occur this week.
NZD/CAD struggles at 200-DMA, long break aboveNZD/CAD is extending choppy trade below stiff resistance at 200-DMA at 0.9022.
Technical indicators are biased higher. Momentum studies are bullish. Trend indicators support upside.
Breakout at 200-DMA raises scope for test of 50-DMA at 0.9112 ahead of 61.8% Fib at 0.9238.
On the flipside, the pair is holding above 21-EMA which is strong support at 0.8969. We see weakness only on break below.
Support levels - 0.8981 (5-DMA), 0.8969 (21-EMA), 0.89, 0.8880 (Jan 5 lows)
Resistance levels - 0.9022 (200-DMA), 0.9065 (38.2% Fib), 0.91, 0.9112 (50-DMA
Good to go long on decisive break above 200-DMA, target 0.9065/ 0.91/ 0.9120
NZDCAD-Reversal to Trend UpI bought the breakout of the consolidation and took profit at resistance. I am now waiting to get back in.
NZDCAD-Reverse to LongAnother 1-2-3, looking to trend with new bullish trend. Watching for sloght retrace to get us in.
