Hi traders, I am hoping to see a clean Bollinger Band spike for a reversal to the downside. If it does not happen, then I will anticipate a trade once the support below breaks. Let's see how the chart develops. We will very likely see an RSI Divergence as well. (This is not a trade recommendation!)
Entry 88.6% TP 38.2 and 61.8 SL Above X Use your own criteria to enter the market
NZDCAD is currently in a channel that starts to shape like a wedge. Currently the price sits close to the lower range. As you can see we can now also draw a new upper range. A break of this will confirmed the buy. A break of the lower range confirms a sell Have some patience and wait till break-out from either side, this break-out will happen on Friday and can...
On the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over. Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop...
If you look at the monthly chart of the NZDCAD Forex pair, you will see that is has been on a uptrend since it's opening. However, you could also clearly see that it cannot penetrate above the levels of the monthly (major) resistance. With the continuous failure to break above, a possible trend reversal (on monthly level) may be taking place -- the bears are...
Hey guys, this is the 4hr chart on NZDCAD but my analysis, as usual, starts from higher timeframes: on the daily price has just touched a key level of structure (yellow box) along with the D point of an AB=CD pattern. As we go on lower timeframes such as 4hr you can see price has formed a pinbar followed by an engulfing red candle in overbought condition. Then at...
Hey guys, this is the 4hr chart on NZDCAD but my analysis, as usual, starts from higher timeframes: on the daily price has just touched a key level of structure (yellow box) along with the D point of an AB=CD pattern. As we go on lower timeframes such as 4hr you can see price has formed a pinbar followed by an engulfing red candle in overbought condition. Then at...
On NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend. This leads to the conclusion that NZDCAD is heading for a further drop! Take profit: 0.92800 Stop loss: 0.95200
Details are well described in the post. A short term sell is possible. However, keep in mind that the pair can go more up during the days to come.
Weekly quad top false breakout to the upside. Daily head and shoulder pattern leading to LL and LH confirming weekly trend change.
Strong CAD makes this attractive. Even though the top resistance test only happened within a week and is a falls confirmation, I still think it's worth following and see if the it breaks short below 0.94500.
So many interesting JPY pairs currently. Because NZD is not the most exciting currency, I chose to have a bit extra attention on this pair. A lot is pointing downwards, besides magic-t which I didn't draw because of the new-year low volume. It's the only time of the year I can't trust the volume. If this breaks the 80.565 resistance and gets under 55MA, I will be...
This pair, after a long upsurge, from 2015 until 2016, is showing the signs of exhaustion. The first phase of tumbling is almost over. In my telemetry, this pair will climb a little bit up for more or less two or three weeks, then will collapse down. In short, I am waiting for a consolidation before the pair tumbles.