NZDCAD setting up for a potential Bullish Bat Pattern with the first part of the final leg extending 138.2% into the PRZ. This pair seems to respect Monthly Classic Pivot Points well, so I would not be surprised to see price dip below Monthly S1, touch the PRZ for an entry, and start heading up towards Monthly R2.
Found a Nice Long Setup for NZD/CAD. Multiple Time-Frame Bullish Divergence @ Key Support Level. Like My Facebook Page: www.facebook.com
NZD/CAD LONG DAILY WITH UPTREND W BEOB
NZD/CAD Long Daily chart with uptrend Weekly
I buy it after break and correction with blue area
NZD has been strengthening and should continue to strengthen into the RBNZ's decision. CAD strengthened off of good oil numbers, but that strength should be limited,
NZDCAD buy between .92 to .92500 area or a little lower. Long to .95500 area
8 failed attempts to close below 0.92900. We find heavy support here looking back historically aswell. In the background we also see a completed gartley, and we also have a double bottom followed by a 61.8 retracement which acts as my entry point. The momentum is turning in our favor. IF, however, we break to the downside we will most likely find another...
NZDCAD 30M Long Resistance: 0.935000 - 0.9354000 This is not investment advice
NZDCAD trading near resistance level on Gartely territory which is bullish technical price action. Waiting for entry!
The NZD.CAD is one pair on this evening's pending order list. I will run through the technical analysis on the 4hr and 1hr TF post London open. Have a great week.
We have a triangle forming, and within it a Gartley completing right at bullish trendline / lower triangle. We also have a AB-CD within the gartley to strenghten the gartley pattern. Targetting 0.382 fib of A-D move, stop loss below trendline.
Expecting trend continuation on NZDCHF. Last week NZD was going lower but expecting to be stronger against CHF which is affected by eurozone weakness and low interest rates.
Potential reversal zone between 0.9422 & 0.9445 so check if pattern is valid before entering long target 1; 0.949 target 2; 0.9534 stop loss @ or below 0.937