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Nzd-cad

NZDCAD 11/4/19NCAD Short Idea DAILY TF Overall higher timeframe price action has been bearish and we will be looking for potential short opportunities around key resistance Current price action has currently rejected the 38.2% daily fib level and weekly resistance around 0.85000 Another entry opportunity could present itself soon on a lower time-frame retest/retracement Look to target toward the monthly support level around 0.82500 followed by a target of the -27% daily fib level around 0.80650
Short
by ForexLeague
NZDCAD: Sell opportunity within a 6 month Channel Down.The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and followed with a marginal cross above the 1D MA50 (light blue trend line) as it priced the Lower High. We expect a similar price action this time as well, so be ready to short the cross with a potential Target Zone of 0.81000 - 0.82000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
Don't miss the great buy opportunity in NZDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8360). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.8437 TP2= @ 0.8497 TP3= @ 0.8645 SL= Break below S2
Long
by ForecastCity
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