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Technical analysis of the pair
and trend is : NZD/CAD
My Resistance and Supporting level of this pair is,
My Resistance level of this pair is,,
Resistance 1: 0.9140
Resistance 2: 0.9150
Resistance 3: 0.9160
My supporting level of this pair is ,,
Supporting 1: 0.9110
Supporting 2: 0.9100
Supporting 3: 0.9090
NZD/CAD 4H Chart: Meets support level
The New Zealand Dollar has depreciated massively against the Canadian Dollar since the end of September after the currency pair reversed from the upper boundary of a three-month descending channel at 0.8688.
The exchange rate tested the monthly support level at 0.8362 during the morning hours of today's session. From a theoretical point of view, the pair could reverse from that level and aim at a resistance cluster formed by the weekly and the monthly PPs near the 0.8439 mark within this session.
However, if this support line is unable to hold, the currency exchange rate will continue its downside momentum and target the bottom border of the three months descending channel at 0.8250 during the following trading sessions.
Price Action Context
Since price broke above 0.89 in November last year, bulls have successfully defended this area and rejected lower prices, creating a well-defined MT key support zone. Yesterday, bears launched another strong attack on this zone, but during the Asian session, bulls again stepped in with force which resulted in strong impulsive buying, taking the pair roughly 150 pips higher within 2 hours.
Trending Analysis
MT bias is bullish and bulls can look for possible trading locations on weak pullbacks into the key support.
Key Support & Resistance Zones
R: 0.9225 – 0.9255
S: 0.8900 – 0.8960
NzdCad technical analysis by using : Auto pivot indicator.
resistent level 1 - 0.9255
resistent level 2 - 0.9218
resistent level 3 - 0.9184
pivot point - 0.9147
support level 1 - 0.9113
support level 2 - 0.9076
support level 3 - 0.9042
Parabolic SAR indicator there a dot below the candles that indicates a upward direction in addition to that we can see a BUY signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal
on the chart of the this pair there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bullish direction then I will go for “BUY” positions.
Indicators Signal
Simple Moving Area (48): Down
Momentum (28): Down
Stochastic Oschilator : Down
Standard Deviation 60 : Neutral
The USD/CAD pair continued to bounce around in a very tight range during the Thursday session as the markets that we have no idea where wants to go. Looking at this chart, it is easy to see why a lot of my trading friends have been chewed up over the last couple sessions. We simply have had a significant move higher, but cannot break above crucial resistance. On the other hand, significant support has come into play and we are now stuck in roughly a 100 pip range.
Technical analysis of the pair
and trend is : NZD/CAD
My Resistance and Supporting level of this pair is,
My Resistance level of this pair is,,
Resistance 1: 0.9130
Resistance 2: 0.9140
Resistance 3: 0.9150
My supporting level of this pair is ,,
Supporting 1: 0.9100
Supporting 2: 0.9085
Supporting 3: 0.9070
Analysis Chart NZD / Cad on today's Weekly is clear that the trend is still up, that is why I suggest you can buy with short-term take profit around 100 to 200 pips and if you choose to sell the security or you must have a large margin, we can see in the picture below all the Stochastic indicator is above 80 and the area we've been able to do sell to take profit which I think is very big between 700-900 pips.
Technical analysis of the pair
and trend is : NZD/CAD
My Resistance and Supporting level of this pair is,
My Resistance level of this pair is,,
Resistance 1: 0.9130
Resistance 2: 0.9140
Resistance 3: 0.9150
My supporting level of this pair is ,,
Supporting 1: 0.9100
Supporting 2: 0.9090
Supporting 3: 0.9080
Important NZD Pairs’ Technical Update: 20.12.2018NZD/USDWhile inability to sustain 200-day SMA dragged NZDUSD to five-week low, 50-day SMA & short-term ascending support-line presently restricts the pair’s further downside around 0.6730-20. Should the pair registers a daily closing beneath the 0.6720, the 0.6700 and 100-day SMA level of 0.6665 might entertain sellers before pleasing them with
Pivot levels today:
R3: 0.8760
R2: 0.8726
R1: 0.8675
PP: 0.8642
S1: 0.8591
S2: 0.8557
S3: 0.8506
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, also there is a downword trend @ 1H time frame, so more fall is predicted.
Forecast: Price may fall to 0.8521, but if it can break 0.8682 level, this may open the way to more rising to 0.8726.