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Tag Archives: NZD/CAD
Today in forex trading the NZD/CAD uptrend was evident again. This pair is in a major uprend on MN time frame, but had sold off against the trend for a few days. Today the NZD/CAD reversed back up into the major trend. The live buy signal for this pair from todays trading on The Forex Heatmap® is shown below in the images, along with the price chart movement. The NZD/CAD uptrend should continue to pull this pair higher to at least the 0.9650 resistance area, then this pair could continue higher from there.
The NZD/CAD uptend was interrupted by a short term sell off over a few days, then this pair built a choppy relative low around the 0.9450 price level. It is now reversing back into the major uptrend on the MN time frame. This happens in a trending market when a pair sells off against the major trend, then reverses back into the trend. It gives traders an opportunity to enter the trend at a lower price, we call these swing trade setups. It is in action with the NZD/CAD uptrend but it works for all 28 pairs we trade.
Today in forex trading the CAD (Canadian Dollar) was weak, the NZD/CAD and AUD/CAD moved strongly higher. The NZD/CAD is trending on the W1 time frame in place, and has additional upside potential. The AUD/CAD had a strong overnight movement and has broken one resistance level on the D1 time frame. Both of these pairs have ongoing upside potential and we will look to continue to write additional trading plans for buys over the next few days. The AUD/CAD has hit a high of 0.9575 in intra day trading, and the NZD/CAD has hit 0.9090. The NZD/CAD has potential up to the 0.9400 area on the W1 time frame trend. The live trading signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 28 currency pairs. The heatmap give traders guided trade entry points for trending pairs and day trades.
Today in forex trading the NZD/CAD has a strong move to the upside. The live buy signal from The Forex Heatmap® is shown below in the images. The NZD (New Zealand Dollar) was strong on all pairs today, driving a lot of movement in the pairs in this currency group. This pair is ranging on the H4/D1 time frame, and it should continue up to the 0.8900 resistance area. Today’s movements were strong but these pairs are not in strong trends, so we are setting the 0.8900 resistance price target. The signals you see below from the heatmap work for 28 pairs, including 7 major pairs, and also trading signals for 21 exotic pairs like the NZD/CAD.
Today in forex trading the NZD/CAD had a sell signal on The Forex Heatmap®. The Canadian Dollar (CAD) was strong on all pairs and the NZD (New Zealand Dollar) was mostly weak. The NZD/CAD should continue down for one more day, but it will eventually reverse back to the upside since the W1 time frame is still pointing up, so take profit as this pair continues lower. The USD/CAD also dropped but this was a short term sell on the smaller time frames. The trading signals you see are from The Forex Heatmap®, which provides visual trading signals for 28 pairs and eight currency groups.
The NZD/CAD is trending down on the W1 time frame, shown on the chart below. This trend still has considerable potential. Current support level is at 0.8600, traders can set a price alert here. When the price alert hits check The Forex Heatmap® to verify any sell trades. The next major support level is around 0.8200, which is 400 pips below the alert price. Currently the New Zealand Dollar (NZD) is weak on all pairs, and New Zealand lowered interest rates today, which should support more selling. This analysis of the NZD/CAD was done with multiple time frame analysis.
Today in currency trading the NZD/CAD had a buy signal on The Forex Heatmap®. The Canadian Dollar (CAD) was weak on all pairs and this caused price movement on various CAD pairs. The EUR/CAD also moved up fairly strong, and this pair should continue higher to the next resistance area at 1.4450. The NZD/CAD moved up and this pair is at one resistance area so we would be scaling out lots and taking some profit at the current price levels. The trading signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 8 currency groups and 28 pairs. The heatmap is based on currency strength and parallel and inverse analysis.
Today on the currency market the NZD (New Zealand Dollar) was strong on all pairs. This strength drove upward price movement on several pairs like the NZD/USD and NZD/CAD. These pairs could be forming new uptrend on the D1 time frame. Going forward we will look for more NZD strength in the market and continue to follow these trends to the upside. We will look to issue more buy plans on these currency pairs in our next set of trading plans.
Today in forex trading the CAD (Canadian Dollar) strength drove price movement on the forex market. The EUR/CAD dropped and this pair is trending lower on the larger time frames, it should continue lower. Other pairs like the AUD/CAD and the NZD/CAD are currently at support levels and could continue to trend lower early next week. The market strength and weakness indicator you see below is The Forex Heatmap®, which is a real time visual map of the forex market with live trading signals for 28 pairs.
The NZD/CAD analysis shows that this pair is forming a down trend on the W1 time frame. Current short term support level and price alarm point is 0.9325, below here look for a sell signal on the The Forex Heatmap®. Exact support level target is unknown but this pair has no nearby support below the alarm price. This could be a good short term sell for 1-3 days. The analysis done on the NZD/CAD below was performed with multiple time frames across individual currencies.
Today in forex trading the NZD weakness drove price movement on all of the pairs in this group. These price movements originated in the Asian session on most NZD pairs, and the movement continue into the early part of the main session. Pairs like the NZD/USD and NZD/CAD dropped in the main trading session. The live signals you see below are from The Forex Heatmap®, the heatmap has signals for the Asian trading session on the left and for the main trading session on the right for 28 pairs.