The NZDCAD pair has been trading within a long-term Channel Up pattern, currently sitting above bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The upcoming squeeze of the two MA periods was last time a confirmation that the Bullish Leg that started would continue. That rally peaked on June 12, just above the 1.236 Fibonacci extension. As...
The NZDCAD pair gave us a great buy entry last time we looked at it (May 08, see chart below) and made a direct hit on our 0.8500 Target: The price got heavily rejected straight after and just hit the 1D MA50 (blue trend-line) again. The pattern that seems to be prevailing is a Channel Up (blue). The last time we had a Higher High rejection on its top, the...
The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down. With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new...
The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails,...
The NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke: As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed...
NZDCAD has turned sideways within a Triangle pattern in the past 30 days, showing the first signs of exhaustion on the incredible rally since October 11 2022. We don't recommend buying this pair anymore but instead we can short with high probabilities of success when the 1D MA100 (green trend-line) breaks. As you see on this chart, since 2015 every time the price...
NZD-CAD is trading in a downtrend And the pair is about to retest A resistance cluster of the Falling and horizontal resistance Levels from where a local Pullback is to be expected
NZDCAD, I am Expecting Short 250+ pips based on BOS and POI on D1 after taking liquidity.
NZDCAD SHORT IN H1 because of formula candle appear on the resistance level
i am NZDCAD Short in D1 because there is rejection from trendline on a resistance + convergence + formula candle with high volume
NZD-CAD broke a falling Resistance lines which make me think That after the pullback and reteste of the broken falling resistance The price will go up !
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NZD-CAD is retesting a falling resistance line And the pair is in the downtrend overall So the pullback from the resistance Is likely with the target being The local level below
The NZDCAD pair has offered us an excellent pattern for a sell high/ buy low plan on our previous analysis more than two months ago: As you see, we were successful on the sell exactly on the 1D MA50 (blue trend-line) rejection and the buy on the Lower Lows trend-line of both the Megaphone and Channel Down patterns. Right now there is a conflict as to where...
The NZDCAD pair couldn't have traded better lately as it has been following exactly the trading plan we posted on June 17: As you see after a rebound to the 1D MA50 (blue trend-line) and rejection, the pair made a Lower Low exactly at the bottom of both the Bearish Megaphone and Channel Down patterns, which is where we advised for a buy. Since then has been...
The NZDCAD pair has been trading on a Channel Down within a Bearish Megaphone pattern. Right now the price is testing the 1D MA50 (blue trend-line) as a Resistance and is struggling, trading below it since April 13. Both the 1D RSI and the candle action resembles the sequence at the start of the Megaphone, which after one last pull-back upon rejection on the 1D...
NZD-CAD broke the falling resistance line Which makes me locally bullish on the pair And I think that after the pullback and retest Of the broken line and horizontal support at 0.80780 we will see a move up Towards the target above
The NZDCAD pair has been trading within a Channel Down since late February 2021. Yesterday it bounced off the Diverging Lower Lows trend-line that started on the June 18 2021 Low. Even though this suggests that the price is at or at least very close to the new medium-term bottom (Lower Low), the indicator that has given a confirmed buy signal since April 2021 is...