The CAD/NZD currency pair is currently positioned at a crucial support level, exhibiting strong technical indicators suggesting a potential upward movement. The identification of a Bullish RSI Divergence on both the 1-hour and 4-hour charts reinforces our bullish sentiment. Entry and Risk Management: Entry Point Our recommended entry point for this trade is...
CADNZD is showing signs of a potential bullish reversal based on the formation of a Bullish Bat Harmonic Pattern (XABCD) with Point D coinciding with a Potential Reversal Zone (PRZ). This zone is further supported by key factors including a significant support area, a 4-hour trend line, and a bullish divergence on the RSI indicator. Bullish Bat Harmonic Pattern:...
CADNZD is currently demonstrating a robust bullish momentum within a significant support zone, coupled with adherence to an ascending trendline, suggesting a favorable bullish trajectory. This analysis delves into key technical indicators to assess potential trading opportunities. Key Technical Factors: 1. Bullish Momentum: CADNZD exhibits a notable...
✅ CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD )🟢, SMA(200) , Yearly Pivot Point(1.202 NZD) , and the Support line . 💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum. 🔔I expect CADNZD to continue its...
Hey Everyone! I believe NZDCAD is a good sell because it's in a bearish channel, we have a strong resistance to the upside, our stop loss is covering both moving averages to add another layer of protection. Overall market bias is bearish, after such a push there might be a slight pullback so if you find the trade pullback heavier you can enter for a more...
The Canadian Dollar/New Zealand Dollar was able to break the uptrend line. Also, we can see Regular Divergence (RD-) between RSI Indicator and Price.👇 I expect the Canadian Dollar/New Zealand Dollar will go down to my 🎯targets🎯. 🔅Canadian Dollar/New Zealand Dollar Analyze ( CADNZD ) 4H⏰. Do not forget to put Stop loss for your positions (For every position...
Canadian Dollar/New Zealand Dollar is running near the important resistance line and resistance zone. I expect the Canadian Dollar/New Zealand Dollar will go down at least to the support line. Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price. 🔅Canadian Dollar/New Zealand Dollar Analyze (CADNZD) Daily Timeframe⏰. Do not forget to...
It is expected that CAD will get even stronger against NZD in coming days, it will continue its bearish trend.
Potential for 10:1 + risk reward?? CADNZD is pushing to break out over multi-year highs! I am trading this with a trailing stop and going to ride her as far as she takes me!
Welcome back! Here's an analysis of this pair! **AUDNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
Hello Traders, FX_IDC:CADNZD short position. RSI under it's moving average. Stochastic Overbrought
CADNZD is showing patterns of going to the upside if the resistance breaks and also something to consider for a swing.
If NZDCAD can reject the 0.618 fib on the 4h chart we can look for more bearish selling.
Potential buy opportunity. Early days yet but we could see a right shoulder forming. However there is a small gap to the downside so if buy pattern fails this could lead me to suspect a gap close instead. wait to enter on neckline break and enter on the bottom of the right shoulder with a tight SL.
Call it magic or executive outcomes, but this one has been painting many, many ABC patterns and looks like will continue to do so. This pair is going down, no offense. Goals in green, invalidation in red. Not financial advice, do your own research.
Short NZDCAD @ 0.8985; TP @ 0.88, SL your choice