✍️ NOVA hello everyone, Let's comment on NZD/CAD price long-term trend 🔥 Identify: D1 - long-term time frame shows that the price is following the Uptrend line - touching the trendline. wave 5 🔥 Technically: Based on the resistance and support areas of the NZD/CAD price according to the H4 frame, NOVA identifies the important key areas as follows: ...
The monthly chart of the NZDCAD for the normal candles and HA Candles is bearish but the weekly normal candle for NZDCAD shows a possible reversal into strength as it hits a trendline.
Feel free to like or comment. Especially if you see something different or think otherwise state your reason(s). I am open to seeing others point of view. 1.) Here price found support and formed a double bottom pattern, which is a bullish formation and started off the uptrend. This also serves as the low. 2.) After the double bottom was formed, price confirmed...
NZD/CAD is a pair that i've personally been looking at,for quite some time. We can see that it''s been in a burrish trend for almost a month and some consolidation is going on now . Also MACD indicator has lost its sell power and we some buyers taking place instead, but again its flat so dont rush. For me i would like to see a break out soon for a buy position...
Long NZDCAD for Targets of 0.85003 to 0.86008 (Price attractors) SL below 0.84573 4H Reversal on Stochastics and Traders Dynamic Index