Check my chart. Your inputs and likes appreciated!
NZDCAD is triggering a bullish wedge pattern on the daily chart, after finding strong buying power at a horizontal support zone previously. (Setup posted recently). The bullish divergence is also still in-tact. Overall, the pair trades near the lower range levels and has more upside potential. Today's risk-on market environment and week/month-end profit taking...
NZDCAD reached a horizontal support level, near the lowest level of 2019. A strong bullish candle is forming, and a bullish view is also confirmed by a bullish divergence between the price and the MACD. Furthermore, the pair is forming a bullish wedge pattern with the current fifth having a high probability of breaking above the upper wedge line.
1. We can short if the price break down and close down of upper rectangle or wait break down and short pull back . 2. For long we need to find turn back pattern . This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the...
1. the turn back from resistance channel and breakdown the wedge could make double top referenced by divergence on MACD and RSI. 2.if we get a close over resistance channel we can long to complete the circle and inverted head and shoulders. This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the...
NZDCAD is approaching its support at 0.8912(100% Fibonacci extension ,horizontal swing low support, 38.2% Fibonacci retracement) where it could potentially bounce to its resistance at 0.9080(38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur. Trading CFDs...
Good week everyone, As we can see NZDCAD is rejecting the bottom of our big channel (daily) and 50 weekly EMA level. Now we can see H4 price is approaching 50ema+200sma and already overbought on h1 and because of this, its not a good idea to long right now. Strategy: Wait break and close above H4 50EMA then long aiming monthly pivot + .382 fibo zone around...
We have taken a long trade on the NZD CAD We have see confirm to long in our Buy zone and we are now targeting the 92 zone
NZD CAD is a nice long trade with a good 3 to 1 ROI This will be slow going but slow and steady wins the race , bit like the rabbit and the squirrel "no " Turtle Patience is the Key to trading Have a great trading week
its opportunity for a sell position i'll update it soon...
NZD/CAD finds strong support at 110-EMA and cloud. Break below will see drag till 38.2% Fib at 0.8914 ahead of 200-DMA at 0.8885. Support levels - 0.9019 (110-EMA), 0.9010 (cloud base), 0.8914 (38.2% Fib) Resistance levels - 0.9062 (200W SMA), 0.9075 (5-DMA and cloud top), 0.91 Watch out for break below 110-EMA to go short, SL: 0.9075, TP: 1.8915/ 1.8885
Here we have an opportunity to short NZDCAD at the upper channel resistance. Price has consolidated into a wedge pattern, and I expect a break to the downside between the 1.272 and 1.414 fib extension levels (as seen on chart)
NZDCAD has complete a bearish butterfly and given a clear signal from a broken rising Wedge SCENARIO Recommendation: Sell Wait for a Bearish signal on the test of the Rising Wedge Resistance now turned support and Sell. The Forcast will be invalidated when price close back inside rising wedge Goodluck May the Market be with you
Wait for retest and enter upon this... Potential head and shoulder may also be forming...
The NZDCAD pair broke above a long-term trendline which has started in late 2016 and formed what looks like an inverse SHS pattern. A daily close above 0.9300 would mark the pattern as triggered and confirm a buy setup. This week's RBNZ rate meeting will likely create volatility in NZD pairs and either confirm our bullish bias or put the trade on hold. Like...