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Nzdcadforecast

NZDCAD SHORT PRICE ACTION FORECAST The price action has reached a resistance level to form a possible double top. If price cannot break through the level, it will reverse towards the support level (dotted blue line), allowing to capture the downward movement a sell stop order could be set. The order: Type: sell-stop S/L: 37 pips - R:R | 1:2.5 - T/P: previous support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
2
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
NZD/CAD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. NZD/CAD: Day-Swingtrade-Execution Note: After long NZD/CAD last week market has exactly reached my short-area. This is the first attempt this week so I will keep my risk low. Market-Sell-Order: 0,88040 Stop-Loss: 0,88445 Target 1: 0,87660 Target 2: 0,87365 Target 3: 0,87080 Stop-Loss: 40,5 pips Risk: 0,5 % - 1% Risk-Reward:2,21 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
4
NZDCAD - BEARISH BIASNZD - BEARISH 1️⃣ New Zealand extended its level three lockdown restrictions in Auckland until at least midnight on Sunday, reporting 7 fresh cases of the coronavirus as community transmission persists. 2️⃣ The volume of total retail sales in New Zealand declined a seasonally adjusted 14.6% in the second quarter of 2020, posting the largest drop in total volume sales since the series began in 1995. CAD - BULLISH 1️⃣ CAD lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments. 2️⃣ US Dollar Index (DXY) is staying on the back foot as the greenback struggles to grab investors' attention as a safe-haven. ===== TECHNICAL ===== - We shorting NZDCAD on pivot point level + SMA100 area + SBR level on H1 chart. - NZDCAD in bearish zone. ===== RISK TO THIS TRADE ===== This trade will hit stop loss if oil prices going down and market sentiment turns to risk-off mode.
Short
by MonsunAsia
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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 a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1