NZDCAD under seller pressure
The pair has recently managed to close below the support level, potentially opening short opportunities. Waiting for an hourly candle to complete for bearish confirmation
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Nzdcadshort
NZDCAD – Bearish momentum on the runNZDCAD price has been rejected from top of structure that I’have marked in my previous analysis. Now, it seems to continue its bearish momentum until recently.
Now, I want to see NZDCAD start to form a bearish continuation structure to confirm the further move to the downside. A break of any bearish continuation structure (At leash H1 TF or above) will trigger my additional short entry with sl above the continuation structure.
My first target is around 0.88800 area which is the bottom of big ascending structure. If the price can break that area, than we will have a larger profit zone. My second target is around 0.86300 area with final up to 0.82000 area in the long term.
For now, lets see how will the price develop. Good Luck.
NZDCAD: my multi-time frame analysisHi Traders,
This is my view on this cross for the next few days.
#NZDCAD
SELL 0.915
SL 0.922
TP 0.899
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
NZD/CAD New Entry To Catch More Than 90 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDCAD - SHORT Potential short for NZDCAD going into next week
With CAD gaining strength due to OIL prices surging to the upside, we should see a decline in NZDCAD in the coming days or week!
- Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
- this is just a PREDICTION and i have no reason to act on it and neither should you
- Seek Financial advice if you are going to invest or trade the FX Market
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 a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZDCAD – Still waiting for the completion BIG ascending structurUpdate from my previous forecast that I post on Feb 7th on this pair. The price move slowly the past 2 weeks and still havent come meet my entry criteria. I have evolve my trendline a bit to adjust with recent price action.
I still think this pair will make one last push to the upside and waiting for now until the price to finish its 3rd touch to complete its ascending structure, or at least until the double top area at 0.92800 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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NZD/CAD Looking very bearishHi Traders
NZD/CAD Signal (Daily Timeframe)
A high probability, entry to go SHORT is forming @ 0.90366 after the market found resistance @ 0.92347. Only the upward break of 0.92347 would cancel this bearish scenario.
Trade details:
Entry: 0.90366
Stop loss: 0.92347
Take profit1: 0.89197
Take profit 2: 0.87216
Take profit 3: 0.83987
Score: 7
Strategy: Bearish Trend Reversal
NZDCAD: The price is RE-TESTING an interesting S/R zoneHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/CAD
⚪ Technical Analysis :
During the 20th of January 2021, the price got a strong bullish impulse on the main S/R zone at about 0.90500, moving up beginning an interesting ascending channel, many bounces on its dynamic lines are a confirmation of the channel's validity.
On the 9th of February 2021, the price ended its uptrend on the level at about 0.92250, failing the attempt to reach one more time its dynamic resistance line, falling down breaking through its channel, re-testing with a pullback the same level.
As we can see in the H4 chart, the price got many rejections on the current strong area at about 0.91500, and considering the weakness of this market, there is a possibility to see an upcoming bearish moviment.
🔴 Conclusion :
I'm confident to see the price getting an interesting retracement, considering the following reasons:
- In the weekly chart, the price is moving with high volatility, closing the session with a strong bearish pinbar;
Since March it's following a clear uptrend and many rejections on the level 0.92000 are a possible sign of retracement.
- In the daily perspective the price is consolidating since the 25th of January 2021;
- In the h4 chart, the price got an interesting pullback on its channel, and it currently re-testing the S/R zone at about 0.91500 and its EMA 200.
I'll be waiting for a proper breakout before planning my short position on this trade, my target would be the main trendline at the level at about 0.90800
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZD/CAD New Analysis And 2 Trades Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDCAD – Waiting for the completion BIG ascending structureI have been waiting for NZDCAD to make big bearish move to the downside for quite sometime no. But it seems, starting from last November the price lack any real commitment. It just continuing its corrective phase resulting in sideway and choppy movement across all timeframes. However, now I’m starting to see cleary the evolution of the market structure in this pair.
This pair is forming a 3 touch ascending structure in an even bigger ascending structure. Ussually, a pattern within a pattern like this is a big positive confluence for our edge,.. So,..i’m still confident that this pair has a very high probability for a longer term bearish move soon..
What I’m waitin for now is for the price to finish its 3rd touch to complete its ascending structure. So, I think this pair will make one last push to the upside to 0.92700-0.92300 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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