Get started

CANADIAN DOLLAR / NEW ZEALAND DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

CADNZD trade ideas

NZDCAD sell trade available The price falls just kicked up another gear We forecast most of the danger is behind As long as 0.9100 is resistance, sell the rallies favors the near-term trend NZDCAD traced out a near-term price top near 0.9060-0.9100 via the formation of a multi-top pattern. The daily oscillators are very bearish with the RSI is propelling down, and the oscillator has turned to a bearish crossover. Under these conditions, a recovery back above 0.9100 still seems complicated. Watch out instead for a new pullback to 0.9000, 0.8900 and 0.8860. More selling will be added to the system if the pair fell below the 0.8860, this would point a new downward wave towards the next support 0.8790 and 0.8700. Area of resistance: The 50.0% fib reaction of 0.9925-0.8320 correction, seems at 0.9125 So far this week, it failed to settle above 100 and 200MA(Weekly) On the monthly chart, failed to handle 50 and 20 What if breaches the resistance? The downside prevails as long as 0.9230 is resistance (closing basis)
Short
by KeytoMarkets
A new opportunity in the trend of NZDCADMidterm Forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm. We will close our open trades. if the Midterm level 0.8785 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in the daily chart at 0.8825 on 08/08/2018, so more losses to support(s) 0.8400, 0.8310, 0.7965 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 24. Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 8 SELL trade(s) @ 0.9162 (day close price) based on 'Shooting Star' at 2018.06.22 signaled by DTO: Total Profit: 2270 pip Closed trade(s): 1744 pip Profit Open trade(s): 526 pip Profit Closed Profit: TP1 @ 0.9110 touched at 2018.06.26 with 52 pip Profit. TP2 @ 0.9065 touched at 2018.06.27 with 97 pip Profit. TP3 @ 0.9000 touched at 2018.06.28 with 162 pip Profit. TP4 @ 0.8930 touched at 2018.06.29 with 232 pip Profit. TP5 @ 0.8860 touched at 2018.07.02 with 302 pip Profit. TP6 @ 0.8785 touched at 2018.08.02 with 377 pip Profit. TP7 @ 0.8640 touched at 2018.08.09 with 522 pip Profit. 52 + 97 + 162 + 232 + 302 + 377 + 522 = 1744 pip Open Profit: Profit for one trade is 0.9162(open price) - 0.8636(current price) = 526 pip 1 trade(s) still open, therefore total profit for open trade(s) is 526 x 1 = 526 pip Take Profits: TP1= @ 0.9110 TP2= @ 0.9065 TP3= @ 0.9000 TP4= @ 0.8930 TP5= @ 0.8860 TP6= @ 0.8785 TP7= @ 0.8640 TP8= Free
Short
by ForecastCity
A new opportunity to Sell in NZDCADMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: .While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low. .A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and more depths is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 64. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (0.9170 to 0.9240), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9170) Ending of entry zone (0.9240) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.9110 TP2= @ 0.9065 TP3= @ 0.9000 TP4= @ 0.8930 TP5= @ 0.8860 TP6= @ 0.8785 TP7= @ 0.8640 TP8= @ Free
Short
by ForecastCity
Another trading opportunity to sell in NZDCAD.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone (0.9110 to 0.9170) is expected. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 56. Trading suggestion: There is a possibility of temporary retracement to suggested Sell Zone (0.9110 to 0.9170). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9110) Ending of entry zone (0.9170) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @0.9000 TP2= @ 0.8930 TP3= @ 0.8860 TP4= @ 0.8785 TP5= @ 0.8640 TP6= Free
Short
by ForecastCity
NZDCAD ELLIOT WAVE study...NZDCAD ELLIOT WAVE STUDY KEEP WATCH TAKE MUCH PROFIT Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Long
by sakthideva