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This week’s high set at 1.1262 can serve as a form of invalidation, and if that theme shows up, then we’re likely also looking at scenarios of USD-weakness, at which point other setups (such as USD/CHF or USD/CAD) looked at below could remain of interest.
i think this pair is nearing the top before it will turn back viciously.......from my fibo range this pair already reach the level on daily chart but if the price kept on going up then the next level will be aroud 9000 area
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
bearish trend seems to be taking place on the NZDCAD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
NZDCAD bearish trend can continue , now current price at 0.8538 and strong resistent at level 0.8558 in hourly time frame. there is possible chance price will move to up side. then next low price is 0.8488
I suggest to entry SELL with stoploss at 0.8570 and take profit at 0.8488
I hope you can earn consistent profit from my signal, good luck
Nzdcad
resistance level and support level
r3 0.8881
r2 0.8876
r1 0.8872
pp 0.8867
s1 0.8863
s2 0.8858
s3 0.8854
the pair is trading now above the level of 0.8000 and that's mean the uptrend is still standing and the pair might reach 0.8070 , but if the pair succeeded in breaking 0.8000 , it will continue in down trend heading to 0.7970 and then 0.7940
Nzd/cad is sell
Piviot Point is :0.8883
Resistance and supporting level is:
Resistance level is :
My Resistance is ,,,
Resistance level first: 0.8920
Resistance level 2nd : 0.8955
Resistance level 3rd: 0.8980
My support is,,,,,
Supporting level first: 0.8865
Supporting level 2nd: 0.8854
Supporting level 3rd:0.8843
Piviot Point is :0.8883
Resistance and supporting level is:
Resistance level is :
My Resistance is ,,,
Resistance level first: 0.8920
Resistance level 2nd : 0.8955
Resistance level 3rd: 0.8980
My support is,,,,,
Supporting level first: 0.8865
Supporting level 2nd: 0.8854
Supporting level 3rd:0.8843
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: 0.8880
Resistance 2: 0.8890
Resistance 3: 0.8900
My supporting level of this pair is ,,
Supporting 1: 0.8820
Supporting 2: 0.8810
Supporting 3: 0.8800
"Hello dear (indian-forex) members of this great community, :) Today I want to share with you my intraday analysis of NZD/CAD. :)))
NZD/CAD is Neutral according to four-hour chart. RSI(14)'s value is (48.158), STOCH(9,6)'s value is (45.833) and STOCHRSI(14)'s value is (50.641).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 0.8869
Support 1: 0.8858
Support 2: 0.885
Support 3: 0.8839
Resistance 1: 0.8876
Resistance 2: 0.8888
Resistance 3: 0.8895
According to the current scenario I would like to recommend you to keep an eye on the pivot point and take your trade according to the support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable day ahead! :happy: :peace:"