PAIR IN FOCUS: NZDCAD BIAS: BULLISH / LONG As stated on the chart, price broke under the zone and had retraced strongly, breaking back above the previously broken zone. This rejection shows that price does not really want to head lower. In another perspective, price could also be forming an inverse H&S pattern as well. With market shifting back into risk-on...
Hey, The last chart I want to share today is NZD/CAD which is beautiful in my opinion, just like the previous two pairs shared here. Most of you guys know how I trade and how mechanical everything is what I do, maybe you find similarities from the ideas. Most of my trading approach is even automated, most of the work is just watching this daily time-frame...
Hello there! If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com ! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this...
Hey traders, in this week we are monitoring NZDCAD for a selling opportunity around 0.866 zone. Once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the 4hr chart, the NZD/USD seems to have resumed its downtrend, the confirmation has been triggered when the price moved below the 0.8640 support level (psychology zone), due to the rapid dip that occurred based on the market sentiments ahead of today’s data releases. The previous correction was at the 23.6% fib reversal level, which looks good for the bears,...
I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well. Monthly: The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past. Weekly: The price is clearly over extended. When price is over...
Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect that price would bounce from pivot level in line with 100% Fibonacci projection and 38.2% Fibonacci retracement towards take profit level in line with 100% Fibonacci projection . Our bullish momentum is further supported by the stochastic indicator where...
Happy New Year All!!! This New Year we are starting with a new strategy (G Money), new TP range and new targets. NZD CAD H4 chart provided in the most simplistic way for your quick visual assessment and for a very easy reading by anyone. We have some opened buy positions already with a target TP 3000 pips and estimated completion are time for this...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8717). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8717). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
On a short-term 2H chart The price trends above the 200-day SMA and the price move all above the fibb reversal level. Moreover, on the 4H chart the pair currently uses the 50-day SMA as support level at 0.8725, which might instigate a strong bullish trend push from the buyers, and it reveals their active participation in the market, despite the holiday. So,...
Long as per entry...tgt 1 RRR .5:1 ...maintain strict sl
Prices are consolidating in a triangle. We see potential for a break from our buy entry at 0.86861 in line with 23.6% Fibonacci retracement towards our Take Profit at 0.87476 in line with 127.2% Fibonacci extension . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
Prices are consolidating in a triangle. We see potential for a break from our buy entry at 0.86861 in line with 23.6% Fibonacci retracement towards our Take Profit at 0.87476 in line with 127.2% Fibonacci extension. Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
Short as per entry shown....RRR 1:1 or 15 pips...maintain strict sl
NZD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy The RBNZ underwhelmed some market participants who were looking for a 50bsp hike as the bank only delivered on a 25bsp hike as consensus was expecting. Even though the NZD took a plunge after the meeting, we don’t think markets are really giving NZD the upside it deserves after the Nov RBNZ decision. Not...
H1 time frame. Structure: Downtrend. After forming a double top reversal pattern with divergence signal, the price broke the Key level at 0.87000. Wait for a retest and a signal to confirm the return of the downtrend, then you can look for selling opportunities. The profit target is the 0.86500 price...
In a long term, bullish trend is confirmed...set up given in green But contradicting short set up possible as ABCD pattern seems to form.