Currently this pair is at just below the 38% retracement area.. We are looking for this pair to go up to the 50% to 61% retracement area before dropping ..
Every time prices get here since 2009 it get rejected. Looking to short this one if price action goes the right way! Please support and comment to lear from each other!
the pair face monthly and daily resistance no entry before break the trend for confirmation short ( swing trade ) regards
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential short position for at-least 600 Pips, It has a potential for 900 or more pips, the minimum expectation is 600 Pips from this trade ! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points. .TP & SL are mentioned in the...
Price Touched 3 times the same place. But Unable to break. Short NZDCAD now. P.S this Trade can be long term . So hold your position because this pair moves slowly as compared to others !
Nzdcad gave double top on Daily chart around 0.9570 level. but could not hold So From Current level we can see a drop of 150-200 pips if trade below its double top. So advice to sell in range of 0.9530-0.9560 with sl 0.9610 where TP1 0.9390 tp2 0.9250
Nzdcad facing Strong Resistance around 0.9480 level so advice Sell cmp 0.9430 SL 0.9510 TP1 0.9380 TP2 0.9320
Market has tested 4 times at this resistance level but the bulls cant go through. great opportunity for a short position with great risk/reward ratio. Can open trade now near fibonacci .618 level with a stop loss near big resistance level or wait for a 5th test on that level. If it breaks the resistance level wait for a retracement to get in long.
FX_IDC:NZDCAD Safe Trades;
With the dwindling down of economy in NZ and talk about oil tightening, fundamentally NZD should go lower from this point.
Dear community, we keep it short and crisp this time - not meaning it is worth less! Scenario is more or less the same as we have already mentioned in our AUD/CAD analysis (which you can find here ). Making a long story short, the pair bounced back from the resistance zone, which can be found at around 0.9580 and is dropping ever since. A realistic target to...
Long term view of NZD/CAD. Short in mid term once it touches the 1.272 ext of leg XA