Seeing weakness in this pair but yet to have any good confirmation...let's wait for 0.91 to hold or break...if it holds..likely more up side. #shadowingthebigboys #trading #forex 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...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Just watching NZDCAD on D and 4H. Going to test some HTF Swing Entries in the weeks to come.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
NZDCAD after bouncing over the weekly support at 0.86450 created a nice bullish impulse until the 0.90850 area. The price never retraced back and now reached the ascending weekly trendline and testing it. It will be likely to see a retracement move and if the price will break below the 4h support structure, we will set a nice short position according to Plancton's...
Good morning traders! 🔸Today we find an evident breakout in the Resistance zone in the NZD / CAD pair. The current price is the highest level that has been reached this year. 🔸The scenario that this pair is presenting may offer an excellent opportunity for a medium-term bullish trade. 🔸After the current Resistance level (0.90500), the price has a clear path to...
Don't hold... Possible incoming trip to lower lows.
NZDCAD is printing a double top reversal pattern. Sell entry ⬇️ - breakdown below the double top neckline support. Target - fibonacci retracement levels.
Short NZDCAD @ 0.8985; TP @ 0.88, SL your choice
NZDCAD brokeout above the pennant resistance. The price is testing the ascending channel resistance. Potential retracement to the ascending channel support + fibonacci retracement levels ( retest of pennant resistance) ⬇️.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price is on a downtrend since 2017. . 🔸At this moment it is facing the Descending Trendline. . 🔸We can observe that there is on a consolidation, so, we are waiting for a clean move here. . 🔸In case of a bullish breakout, the potential target is the Resistance Zone, and, in case of a bearish bounce, the target is the Support Zone.
NZDCAD brokeout above the downtrend resistance as expected from my previous analysis. The market is currently testing the pennant resistance. Rejection of the pennant resistance could be a bearish signal ⬇️. RSI bounce off could be a bearish confirmation 🔽. RSI is also printing a bearish divergence signal on the 4H timeframe.
🔸4H CHART EXPLANATION: . . 🔸Price bounced at the Support Zone and consolidated for about a month. . 🔸We can observe that the wedge pattern has been broken (corrective move). . 🔸We consider that this pair has bullish potential towards the Resistance Zone. . 🔸Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
📌 US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation. 📍 Hence as the US election looms, today's Chart is not in regards to the outcome but in regards to current markets positioning...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
NZDCAD on the daily chart after the bearish spike til 0.86500 over a weekly resistance, recovered yesterday over the 0.87200 area. The price created a huge candle with a double bottom higher close formation. On the 4 h chart, the price is currently testing a minor structure. IF the market will break and close above, at the retest of it we can set a nice long order...