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NZDCAD

NZDCAD - Over-Sold Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. NZDCAD is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone . Moreover, the zone 0.76 - 0.77 is a strong support zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower brown trendline. (acting as non-horizontal support) As per my trading style: Since NZDCAD is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) If the blue zone is broken downward, then further bearish movement would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
🌟BUY NZDCAD; it's time to buy 🔥❗🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the 30-minute time frame (NZDCAD_ 30min) 🔍🧨 💥The price is moving in a Bullish parallel channel💜 If the price can break the Down trend line🖤 and then pullback❗ to the area where the intersection of the DEMAND zone and the bottom line of the Bullish parallel channel💜 (dynamic support) and the support caused by the broken Down trend line🖤, it can experience an upward🔺 trend until Resistance🧡🚀 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ______📈TRADER STREET📉______
Long
by TRADER_STREET
2
NZD/CAD:SELL From 61.8% FIBO Resistance AREA DIV RSI SHORTNZD/CAD comes from a solid bearish trend, in the last sessions, the price had a retracement to the 61.8% Fibonacci retracement whereas today the market opened with a strong bearish candle. At this price, the level is placed some static resistance and the dynamic trendline. The 100 Moving average had worked like a rebound point where the candle turned bearish and the indicators, the RSI ( in divergence ), and the Stochastic show a drop-down pattern.
Short
by FOREXN1
9