CADNZD trade ideas
💡Don't miss the great buy opportunity in NZDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8411).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64
Take Profits:
TP1= @ 0.8440
TP2= @ 0.8467
TP3= @ 0.8492
TP4= @ 0.8528
TP5= @ 0.8556
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8661).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 57
Take Profits:
TP1= @ 0.8684
TP2= @ 0.8702
TP3= @ 0.8725
TP4= @ 0.8754
TP5= @ 0.8796
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8717).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.8738
TP2= @ 0.8754
TP3= @ 0.8766
TP4= @ 0.8795
TP5= @ 0.8832
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Current scenario on NZDCADPrice action at its finest shape and form and previous data giving extra confidence
After an Impulse move to upside and breaking a 4H zone ,the price is currently moving in a extended descending channel or bullish correction before moving more to the upside. While analysing previous weeks price movement we can see a very similar extended bearish correction at the same area before movement to the downside by breaking an ascending channel
I tried my best to the represent the movement with path tool ,hoping it will be usesful for someone
NZDCAD DAILY ANALYSIS 26-11-2021#forexsignal #freeforexsignals #dailyforexsignals
#NZDCAD current 4 hour momentum looks bullish. Buyers price of interest are 0.8670, 0.8660
The possible targets are 0.8737, 0.8800
These analysis are based on current market swing and we update our views up on the upcoming future swing
NZDCAD Trading Plan - 22/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect NZDCAD to go up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea