hey traders, As we can see nzdusd has been in a uptrend since 23/24th March - we can see it is now approaching a key resistance zone. It last tested this region is June 2019 in which it dropped. If it fails to break this area again in 2020, retraces then retests the resistance but the buyers fail to push price higher..We could see a nice sell opportunity as this...
As observed from the resistant trendline, the chart is currently retesting and expected to drop back to the 0.83430 level and complete the inverted H&S.
NZDCAD reached the strong resistant , it can be bearish to next support on Fibonacci.
Buscando neutralizar Higher HIghs Un buen setup al darse Un buen R-R Solo el precio me dará la razón o no. Mientras tanto solo paciencia y listo al gatillo Bendiciones Exitos
** JUST AN IDEA. NOT A SIGNAL ** We can clearly see momentum has been lost within the 4 hour graph. A range has been formed, once the trade shows us a breakout we could buy or sell. We know the volume of buyers or sellers will be strong once the range has been broken. Interesting pair to watch. Thanks for viewing! Please support this idea by liking...
Formation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum. Trading this pair using the breakout...
Price has reached a very strong resistance level at 0.87940 which lines up with the 0.61 level on the fib indicating a possible change of trend. My setup became valid when the daily candle closed strongly bearish at this important level. Therefore I am anticipating a swing low. Entry : 0.87313 SL : 0.88370 (105Pips) TP1: 0.84500 (270Pips) TP2 : 0.8060...
Please manage your risk. Use Stoploss. and do no take blind entry until confirmation. If you have question let me know. If you want to analyze any pair let me know.
NZDCAD expected to reverse up to 1st support at 0.84441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85598. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCAD reversed off its resistance at 0.85434 where it could potentially drop further to 0.82797. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
as we can see here in my analysis NZDCAD has broken out and retested the trendling.
NZDCAD is approaching its resistance at 0.85820 where it is could reverse down to its support at 0.82797. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
A short term downward move can be expected in NZDCAD, especially after the big rally because of falling crude oil prices (CAD is heavily reliant on crude oil prices). I feel that some government intervention will happen to cool off such dropping prices, leading to crude oil prices increasing a bit in the short term, thus giving some strength to CAD, which will...
NZDCAD expected to rise up to 1st resistance at 0.85820 where it could potentially react off and drop down to 1st support at 0.82797. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.