Technical:
1.Ichimoku: Ichimoku giving a sell signal.
2.MACD: MACD is also giving a sell signal.
3.Currency Strength:
NZD is much weaker than CAD
Fundamental:
Due to the trade war between China & US, Chinese currency is weakening, so is NZD..
Crude Oil price gaining strength,...
NZDCAD is at a major support zone.
We could see a reversal back to the trendline.
This is a setup with a nice risk reward ratio.
Also we have a bullish RSI divergence.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Good morning from the UK. Following this pair every single week since October 2018, Id like to thing I know this pair quiet week over the past two quarters regarding the way the price moves. Now we have a attempt to close under my weekly resistance, but with a mixture or spinning tops and doji's Price wasn't ready to break below. It was also met by the purple...
NZDCAD / H1 / Technical Chart
Formation: Support Channel
Risk Management: Fixed Lot Size
Target place On the Chart
Wish you many pips
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Hello Traders,
After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now.
What we are looking for here is an H4 rejection in one of our support levels.
Give this trade some room because it can take a little bit to reverse, we can still see a move to our...
Hello guys,
In this chart I show case great opportunities on the following:
Long with the Blue Dotted Lines
Short at the given short target
Take final profit at the pattern target.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL...
Bearish so long as 0.88 holds.
very obvious downtrend.
do not try to pick the bottom
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
NZD CAD approaching Confluentual buy zone
We are approaching a level that has seen the Pair Bounce back heavily
before taking this trade WAIT for a signal a sign to long
As yet we have not got that and we will shall observe and wait for entry
a pending long above could be advisable
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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