NZDCAD broke downtrendline Above SMA 100 MACD start of bullish momentum we r waiting price to exceed key level at 0.8745 to open long trade It's expected for bullish movement to target HVN level at 0.8899
Price is facing bullish pressure, Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure, Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price bounced at the Weekly Descending Trendline. . 🔸We consider that this pair has bearish potential. . 🔸The bearish target is the Support Zone at 0.81000, however, there is a middle Support Zone at 0.83000 where we need to be careful. . 🔸 Will look for a lower timeframe bearish setup.
NZDCAD WEEKLY OUTLOOK AUG 23 - 28
🔸 DAILY CHART ANALYSIS: . . 🔸Price bounced at the Weekly Descending Trendline. . 🔸It has broken the Support Zone and did a pullback after that. . 🔸We consider that it has potential to make a downsive move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
NZDCAD broke major uptrendline Pair respects downtrendline Based below key level between levels 0.8712 and 0.8743 Price rejected from HVN at level 0.8743 with strong bearish movement which indicates that pair is in distribution phase Below SMA 100 on H4 frame MACD shows weakness in bullish momentum RSI is below level 50 Price now is forming bearish Elliot wave...
Called this trade a while ago and fell down perfectly, hopefully you were able to take the ride down as well of 200+ pips. (linked idea) King's Crown formation setting up perfectly. Look to sell at right tip @ .8800 area TP @ 0.8570 - 0.8400 area Good luck trading! Please help like these free analysis as others will benefit from seeing them as well. Let me...
Same trade set up as last week guys, We already hit both take profits, now onto the next. Stop loss- 0.87103 Take profit- 0.85760 Don't forget risk management. Like and follow!!
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸 Now, it is breaking the Support Zone, and we consider that it has potential to reach the next Support at 0.85600. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Analyzing the effects of the recent NFP reports on the USD, other major currencies and Gold most especially.