NZDCAD is ripe for a short. There is a powerful ceiling of resistance on the weekly time frame. On the 4H time frame there is a high cross for the bears. This assessment is based purely on technical analysis.
We are starting to see loss of momentum in this pair and failed to break previous week high. The cross is right at a confluence technical level and depending on the NZD interest rate decisions this cross is likely to show more momentum to the downside in upcoming sessions.
FX:NZDCAD Safe Trades;
We have a long held trend line in NZDCAD. waiting for a breakout. if breakout occurs, you can either wait for a pull back or sell immediately depending on your trading style. Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own...
Double top found in nzdcad pair we will advice to sell cmp 0.9447 sl 0.9510 TP 0.93 level
NZDCAD Long Term Short I want to invite everybody to discuss this pair and make some pips!
I see it can be potential down move. On the chart you can find two price targets and Stop. MACD divergence in play
FX:NZDCAD Buy the breakout, Sell the Shark; Safe Trades; open.spotify.com
- Very strong resistance on the weekly chart - EMA cross over on 4 hour chart Short the pullback on the 4 hour chart Target profit 0.87300 Stop loss 0.95500
Based on AB=CD And Gann Analysis, It's a potential short position for 300 pips. In a lower time-frame (240/4hr) there is a move confirming a short position also. TP & SL are mentioned in the chart. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
My apologies should of uploaded chart sooner, I got my entry at 0.94945, its not to late to jump on the movement!
The price has reached back into the resistance area at 0.9569-0.95490. bearish as long as the resistance at 0.9569 remains intact. As intraday trading strategy, you must get bearish signal confirmation by trading below 0.9458 with potential target at 0.9239-0.9203.
NZDCAD possible huge short opportunity. We have reached the top of the triangular channel. I am currently short on this pair.