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NZDCADANALYSIS

NZDCAD SWING TRADE ( 02.10.2020 )Good day guys.. SWING SETUP- NZDCAD HOUR-01 Price above 50,100,200 EMA Series of HH HL HH patterns Bullish momentum Price above RSI 50 Price above Ichimoku cloud Price above .50 Fibonacci HOUR-4 Price above .50 & .618 Fibonacci Strong rejection around 0.88000 Price above 50,100,200 EMA Ichimoku cloud is turning green DAILY Price above .786 Fibonacci Strong bullish candle Price above 50,100,200 EMA Price above Ichimoku cloud RSI above 50 Upward pressure NZDCAD-SWING TRADE Entry point @ 0.88350 Take profit @ 0.89530 Stop lose @ 0.87900 (Don't risk more than 1% of your capital) Follow our profile to get regular updates & Trade setups Donating via tradingview coins will help us to Make some valuable contents to trading our trading community
Long
by forexorbit
NZDCAD: Bearish strength seems to restrict BULLISH climb!!!After an important rejection off a strong resistance zone at around 0.8840, we start to see multiple failed attempts for NZDCAD to break out of this resistance zone and move up higher. I will be seeing movement below the Ichimoku cloud as of now, with BEARISH strength building up. The strong support level @0.8795 will potentially be broken, becoming a strong resistance level for the BEARISH movement. With that, I see price moving towards the next strong support level @0.8690. As of now, BEARISH has a high chance of taking over from here. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
Elliot Wave: NZDCAD Bearish Continuation SetupSupport this analysis with your likes and comments! This is an update on the previous Daily setup shared a few weeks ago. NZDCAD reversed and broke the S&R zone and ascending trendline impulsively in wave i. According to Elliot Wave theory, impulse move is always followed by a three-wave correction. In NZDCAD's case, the short-term rally is currently taking the shape of a-b-c zigzag pattern in wave ii. Price is contained within a parallel channel and also retesting a significant supply zone. While the retracement can entends to a complex corrective structure, we can take a short entry from the current market level as long as the protective stop is placed at the major invalidation level which is the red line on the chart. Price has the potential to move downwards towards wave (a) low in wave iii of (c). The break of the green lines can be used as a conservative entry. The major invalidation level is the red line on the chart. What's your view on NZDCAD? Let me know in the comment. Thanks for reading! Veejahbee.
Short
by Veejahbee
NZDCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZDCAD EW Analysis: Short Trade SetupHi Traders, NZDCAD seems to have completed a 5-3 (impulse-correction) cycle. Prices decline in five-wave from the top in wave (a), followed by a three-wave corrective zigzag in wave (b). The pullback retraced almost 78.6% of the sell-off, and the price action becomes weaker as it approaches the top. According to Elliot Wave theory, once a 5-3 cycle is completed, the market resumes in the direction of the impulse which is bearish in the case. - Target below wave (a) low is plausible in the weeks ahead - The setup will be invalidated if the price trade above wave (a) high , red line on the chart. - Execution from the market price ideal as long as stop-loss is maintained above high. - The break of the green lines will further confirm the bears have indeed resumed. Best of luck on the chart. Regards, Veejahbee.
Short
by Veejahbee
6
Long Opportunity For NZDCAD... Potential Breakout!!!For now, we can see NZDCAD price level near an area of strong resistance with a 61.8 fib level. As of now, I see a higher potential of this resistance level breaking where we could be seeing price moving towards 0.8940 which is the first level I am looking at. Also, if it breaks this resistance level, we could see a completion of a reverse H&S pattern giving us another BULLISH outlook. Currently, we should be observing for potential breakout of the resistance level before we confirm our position. I see a good BULLISH risk to reward trade if level is broken potentially seeing 1.618 fib level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex
NZDCAD | PERSPECTIVE FOR THE NEW WEEKWith over 350pips in our direction since my last publication (see link below for reference purposes); we are at a zone where the rejection of the Weekly resistance(Trendline) is happening with a tendency of decline in the coming week(s) feasible. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand Observation: i. As price continues to respect the Bearish Trendline since it hit peak @ $2,075.50 (August 2020) forming Lower Highs and Lower Lows, my Bearish bias becomes emphatic. ii. Rejection of the Supply zone coincides with 61.8 retracements of Impulse leg XA with the possibility of a 1.272/1.414 Extension as a Profit target. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Short
by darcsherry