Bearish?I've taken a trade here. let's see how it goes. the marked grey boxes are my targets.
I'll update this idea in a while.
Also, what do you want me to analyse, let me know in the comments!!
CADNZD trade ideas
NZD/CAD Long NZD/CAD 4 Hours.
Price looks like it's ready for a breakout I am looking for a position to go long after we see a small break out and a retest to the resistance level after that it is good idea to buy.
Not ready yet!!!
The news this week.
Wed May 13 4:00
NZD Official Cash Rate
NZD RBNZ Monetary Policy Statement
NZD RBNZ Rate Statement
5:00 NZD
RBNZ Press Conference
22:10 NZD
RBNZ Gov Orr Speaks
Thu May 14
4:00 NZD
Annual Budget Release
16:00 CAD
BOC Financial System Review
17:15 CAD
BOC Gov Poloz Speaks
Trade safe.
Greetings Anita
NZDCAD - 05/11/2020Will look to go short if price breaks below 0.85277 and long if price breaks above 0.85659.
At the current moment, price is in range.
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8443). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.8555
TP2= @ 0.8684
TP3= @ 0.8798
SL= Break below S2
Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.8495). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.8425
TP2= @ 0.8345
TP3= @ 0.8245
SL: Break Above R2
NZD/CAD intraday BUYOur pivot point is at 0.8507.
Our preference:
rebound towards 0.8562.
Alternative scenario:
the downside breakout of 0.8507 would call for 0.8489 and 0.8479.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).
NZD/CAD intraday BUYOur pivot point is at 0.8507.
Our preference:
rebound towards 0.8562.
Alternative scenario:
the downside breakout of 0.8507 would call for 0.8489 and 0.8479.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).
NZD/CAD intraday BUYOur pivot point is at 0.8507.
Our preference:
rebound towards 0.8562.
Alternative scenario:
the downside breakout of 0.8507 would call for 0.8489 and 0.8479.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).
