This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NEW WEEK! NZD/CAD Signal Market Buy: 0,86650 Stop-Loss: 0,86150 Target 1: 0,87150 Target 2: 0,87850 Stop-Loss: 50 pips Risk: 0,5% Risk-Reward: 2,4
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
NZDCAD>>>>>>> Shaping Up Nicely For A Sell Trade. Ideal Trade Is Waiting For The Market To Retest The Newly Created Downward Trendline (Higher Highs) Then Enter A Sell. Second Ideal Trade Indicated On Chart With Second TP The New Previous (LOL) Lower Low Created... You Can Alternatively Look For Sell et Ups With SL Slightly Above The Last Higher High Created...
Few hours before the BanK Of Canada release of the Interest Rate statement ,having NZDCAD finding resistace on dynamic basis and classically on the 50% Fibonacci retracement level on price : 0.87200 . A short position was taken @ 0.87150 on a 1:3 R2R
Price is testing the 1st resistance, in line with 50% Fibonacci retracement, 127.2% Fibonacci extension, horizontal pullback resistance and descending trendline resistance. We could see a reversal here and further downside towards 1st support, in line with 100%, 127.2% Fibonacci extension and horizontal swing low support. Price is also holding below the descending...
Price is testing the descending trendline resistance and holding below 1st resistance, in line with 61.8% Fibonacci retracement, 161.8% Fibonacci extension and horizontal pullback resistance. We could see a reversal here and further downside towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support. Stochastics is also testing...
NZDCAD moving in this downward channel and is also retesting the 0.87111 support level which is now become resistant.
===== MARKET OUTLOOK ===== NZD - BEARISH 1️⃣ Lower dairy, import and export prices. The fall in prices reflected a decline in the price of dairy products. 2️⃣ Risk-off markets sentiment expected ahead of U.S jobs data. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the Loonie higher. 2️⃣ Rising oil prices...
Prices are facing bearish pressure from 50% Fibonacci retracement and 161.8% Fibonacci extension Fibonacci confluence zone. Prices might push down towards 127.2% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence zone. If price pushes up further, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci...
Wait until you get a confirmation to Enter #Long or #Short on #NZDCAD. Bear in mind that #NZDCAD is currently following a #Bearish Trend.
===== MARKET OUTLOOK ===== NZD - BEARISH 1️⃣ New Zealand’s export prices declined 0.8% in the first quarter of 2021, adding to the decline from a 0.4% fall in the previous period. The market expects only to fall by 0.6%. The fall in prices reflected a decline in the price of dairy products which fell 2.4% and meat which fell 1.5%. CAD - BULLISH 1️⃣ A ramp-up in...
Hey traders, here is my analysis for NZDCAD, nice daily swing trade lining up in the coming days.. Let me know your thoughts below