NZD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At their April meeting the RBNZ surprise economists but not STIR markets by delivering a 50bsp hike, taking the OCR to 1.50%. The bank stressed, like most others, that inflation is a concern and that they will ensure that higher price pressures don’t become embedded in longer-term inflation expectations. The...
Hey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.854 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Prics are consolidating in a triangle and abiding by an ascending trendline. We see the potential for a bounce from our Buy Entry at 0.86503 in line with 78.6% Fibonacci Retracement . Prices are trading above our ichimoku cloud . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided...
Prics are consolidating in a triangle and abiding by an ascending trendline. We see the potential for a bounce from our Buy Entry at 0.86503 in line with 78.6% Fibonacci Retracement. Prices are trading above our ichimoku cloud. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided...
Hey traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.862 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
NZDCAD price is losing its momentum but what still creates an opportunity for bulls? as we can see harmonic still supporting its uptrend and some confluence can also help it to some upside area where a strong support zone lies.
NZDCAD on the daily chart after the recent lows retraced exactly at the 0.618 Fibonacci level near to the 0.88 level. The market ended up creating a perfect double top and is currently testing a weekly support. How can we approach this scenario? Being both the double top and the 0.618 potential reversal point we will wait for a possible break below the support...
On the H4, price is abiding by the ascending trendline and near Buy Entry level of 0.87066 in line with 50% Fibonacci retracement . Price can potentially move towards Take Profit level of 0.88088 in line with 78.6% Fibonacci projection , along with a graphical swing high resistance. Our bullish bias is supported by the stochastic indicator as it is near support...
On the H4, price is abiding by the ascending trendline and near 1st resistance level of 0.87066 in line with 50% Fibonacci retracement. Price can potentially move towards 2nd resistance level of 0.88088 in line with 78.6% Fibonacci projection, along with a graphical swing high resistance. Our bullish bias is supported by the stochastic indicator as it is near...
Bullish pennant flag forming on NZDCAD. Looking to jump on to the bullish trend following this correction
Welcome back! Here's an analysis of this pair! **NZDCAD is on its second push impulse wave, thus I expect a correction from previous resistance near 8760 area. It may return to support at 8708 or 8665, and then rise back to resistance 8760, and next stop 8920 zone. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your...
On the H4, with price moving above the ichimoku cloud , we can expect bullish continuation from our entry at 0.84905 in line with 61.8% Fibonacci retracement towards our take profit at 0.86403 which is a strong resistance and in line with 61.8% Fibonacci retracement . Alternatively, price may break entry structure and head for stop loss, which coincides with the...
On the H4, with price moving above the ichimoku cloud, we can expect bullish continuation from our entry at 0.84905 in line with 61.8% Fibonacci retracement towards our take profit at 0.86403 which is a strong resistance and in line with 61.8% Fibonacci retracement. Alternatively, price may break entry structure and head for stop loss, which coincides with the...
NZDCAD printed a very clean impulse to the downside recently (visible on the 1D chart), and now price has found support, confirmed it, and began retracing the impulse, already rejecting the .382 level, and confirming the .236 level as new support, beginning the uptrend. Be sure to the like the publishing if you like this set-up, and let me know what you think in...
NZDCAD is trading in a bearish parallel channel. Current price action suggest it is on bottom of channel with bullish divergence on indicator. A bounce can be expected from the said zone with upside can be bullish parallel channel. Trade your levels accordingly.
Hey traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.845 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
NZDCAD is showing my fav setup and if you look at my recent posts you can see that this setup is almost every time right so I'm waiting for it to get back in the demand zone and from there I will switch to 1min timeframe and look for my entry this is no financial advice!