{"id":12583,"date":"2022-09-28T11:27:40","date_gmt":"2022-09-28T11:27:40","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12583"},"modified":"2023-05-15T11:30:11","modified_gmt":"2023-05-15T11:30:11","slug":"nzdcad-short-term-buy-and-break-out-levels","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/28\/nzdcad-short-term-buy-and-break-out-levels\/","title":{"rendered":"NZDCAD Short-term buy and break-out levels"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The NZDCAD pair has been following a very specific trading pattern which we have outlined since June and has given us excellent trades:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"NZDCAD 1D MA50 is the key. Sell below, buy above.\" href=\"https:\/\/www.tradingview.com\/chart\/NZDCAD\/Xi6yx2mM-NZDCAD-1D-MA50-is-the-key-Sell-below-buy-above\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/x\/Xi6yx2mM_big.png\" alt=\"NZDCAD 1D MA50 is the key. Sell below, buy above.\" \/><\/a><\/div>\n<p>&nbsp;<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"NZDCAD Buy upon a pull-back, target the 1D MA200\" href=\"https:\/\/www.tradingview.com\/chart\/NZDCAD\/v3WUW5NX-NZDCAD-Buy-upon-a-pull-back-target-the-1D-MA200\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/v\/v3WUW5NX_big.png\" alt=\"NZDCAD Buy upon a pull-back, target the 1D MA200\" \/><\/a><\/div>\n<p>As you see the key here is a recurring bearish sequence within this Channel Down. As long as the 1D MA50 (blue trend-line) is intact as the Resistance, expect Lower Lows within the Channel. Right now, with the 1D RSI breaching the 30.000 oversold barrier and rebounding, we expect at least a short-term rise, as it happened with all 4 other occurrences since March 24 2021. The target is slightly lower than the 1D MA50.<\/p>\n<p>If the 1D MA50 breaks, we will consider this a bullish break-out signal targeting the top of the Channel Down and the 1D MA200 (orange trend-line).<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/NZDCAD\/OOFEDsGk-NZDCAD-Short-term-buy-and-break-out-levels\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/NZDCAD\/OOFEDsGk-NZDCAD-Short-term-buy-and-break-out-levels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The NZDCAD pair has been following a very specific trading pattern which we have outlined since June and has given us excellent trades: &nbsp; As you see the key here is a recurring bearish sequence within this Channel Down. As long as the 1D MA50 (blue trend-line) is intact as the Resistance, expect Lower<\/p>\n","protected":false},"author":611,"featured_media":12584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12583"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12583\/revisions"}],"predecessor-version":[{"id":12586,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12583\/revisions\/12586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12584"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}