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...
Price brokeout above the downtrend resistance and is currently printing a rising WEDGE + RSI bearish divergence signal. Breakout below wedge support could lead to retest of downtrend resistance + key fibonacci retracement levels ⬇️.
NZDCAD ended Bearish Elliot wave (5) Price rebounded from demand zone at level 0.8620 with strong bullish movement Above SMA 100 It's expected to retest upper edge of falling wedge pattern at level 0.8710 then going up towards HVN at level 0.8828 then finally target supply zone at level 0.8940
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.875). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.875). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Looks like CAD rallying against multiple pairs. Taking Sell order now RSI Overbought MACD reversal
🔸 WEEKLY CHART EXPLANATION: . . 🔸As we can observe, this pair has been on a downtrend since 2017. . 🔸It has recently retested the Descending Trendline, and left some strong bearish candles. . 🔸Each time price touched this trendline, it did a downside move, so, we expect the same now. We consider that this pair has potential to make a downside move towards the...
TF: D NC looks like it may fall out of the trend line
BUY NZDCAD. NZDCAD looks like its making its way upwards after crossing and closure of price above the moving average. Targets as shown.
NZD_CAD FACED KEY LEVEL BROKE SUPPORT NOW SHORT WITH CONFIRMATION Use 0.5-1% of deposit
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the main Ascending Channel. . 🔸Also, the first structure after the breakout has been broken, and now it is consolidating again. . 🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone. ...
Hello guys and girls, hier is my idea, I think for all of you who are familiar with the head and shoulders pattern, you know how to read my drawings on this chart. I'am already short on this one, maybe a little bit to early, but we will see. Pleas feel free to share your opinion about this trade in the comment section. With best regards, Jens
On the NZD/CAD comes an another oppotunity. Wedge pattern on a daily chart,the nearest key level is far enough for a great Risk-Reward ratio. After a little correction, i think this is a high probability trade.