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Nzd-cad

NZDCAD Daily Analysis 11/24/19Higher timeframe analysis for NCAD has been more bearish but on this daily time-frame we have seen a strong bullish trend that is not quite ready to drop. Last week the major weekly resistance level was broken and is now being retested, price action also failed to reverse at our 38.2% fib level so we will look toward our next key fib level, the 61.8%. If we see strong bullish setups off this weekly support we will look to target toward the 61.8%, monthly resistance and 200 ema around 0.86350 which is over 120+ pips away. Be careful around that confluence area as it is an important zone that may show bearish volume and favor the overall higher time-frame bearish trend!
Long
by ForexLeague
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
Long
by ForecastCity
6
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
Long
by ForecastCity
6
NZDCAD DAILY 11/17/19NZDCAD SHORT IDEA Overall higher time-frame analysis shows that price action has been majorly bearish Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500 To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500 Upon a break and retest of the 0.83500 level we will target toward our monthly support around 0.82500 followed by a target toward our daily -27% fib level near 0.80600 If price action breaks the 0.8500 look for price to reach the daily 61.8% fib level around 0.86300
Short
by ForexLeague