Weekly bullish Daily bearish 1hr waving bullish minute bullish Daily holding below MA as resistance 8370 showing support. Idea: price is pulling back to MA zone to make a high for the week and probably fall back down before Friday close. Next week. Probably a little bit more of a bull up then bears might continue the downtrend if we cannot break price zone...
After analysis i can say we will haveve much more bigger DOWN trend. CAD is have today rate cut and positive results for CAD are he is gain some strengt, BoC Interest Rate Decision A:1.75% F:1.75% P:1.75%. On NZD today we can see he losing power, my opinion is that trend will going more down. TP1: 0.84080 ENTRY: 0.84330+- SL: 0.84700 Chart time frame - 1D Time...
After analysis i can say we will haveve much more bigger UP trend. NZD is get some power from AUD cut, and staying today for one of strongest valuts. CAD today not showing to much good results what is for expect sp 500 today lower, USD manufacturing lower, oil lower. TP1: 0.84550 ENTRY: 0.84300+- SL: 0.83950 Chart time frame - 1D Time for reaching TP - 8 - 72...
NZDCAD is entering a strong demand zone and on 1 hour chart we see a confirmed bullish violation of a falling parallel channel. I will be waiting for a retest of a broken resistance to long the market. Entry - 0.8395 T1 - 0.845 T2 - 0.850 Stop - 0.834
Just tagged support trend-line which produced some good bounces in the past.
Entering a short NZDCAD position following the volatility candle break down, targeting prior lows from October 2018.
4H Vision Explanation: - Price is on a Descending Channel since March. - It is close to the next Support Zone . - Bullish Divergence on MACD . - Price may start its up move from the Support Zone towards the Top of the Channel and then the Resistance Zones. Check out our Weekly and Daily Analysis! Weekly Analysis: Updates coming soon!
4H CHART EXPLANATION: - In Weekly Terms, we observe a lateralization in this instrument since 2014. - In April 19', it started its down move towards the level in which it is now. - Price is on an a Descending Channel. - It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837. -...
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
NZDCAD rejected previous support, we now could see a continuation of the downtrend. Target is the daily 0.786er fibo retracement.
Canadian dollar continues it's weak streak and influences from the Australian and New Zealand economies are now reacting. Taking 50% of profits by 100 pips and letting the trade run. Trade at your own risk under your own terms. I'm not responsible for anyone's decision to follow MY idea.
Price Action (Technical Analysis): Daily Price Action is sitting in Consolidation, we are waiting for the bigger play as price is already showing us both accumulating structures are respected. We are going to let price flow this week as we already have a bearish confluence giving us a seller bias, +200 Pips Calculated from either pull back entry after a breakout...
On balance volume is in downward channel and below its 200 EMA. Price rejected from monthly pivot and closed below 100 SMA of BB. TP1 - previous monthly S1 level. TP2 - monthly pivot Support 1.