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.
NZDCAD trade ideas
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).
venta en NZDCAD PATRÓN SHARK y cumpliendo las 5 ondas de elliotventa en NZDCAD PATRÓN SHARK y cumpliendo las 5 ondas de elliot
Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8501). 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 77.
Take Profits:
TP1= @ 0.8645
TP2= @ 0.8790
TP3= @ 0.8905
SL= Break below S2
