The monthly chart of the NZDCAD for the normal candles and HA Candles is bearish but the weekly normal candle for NZDCAD shows a possible reversal into strength as it hits a trendline.
Feel free to like or comment. Especially if you see something different or think otherwise state your reason(s). I am open to seeing others point of view.
1.) Here price found support and formed a double bottom pattern, which is a bullish formation and started off the uptrend. This also serves as the low.
2.) After the double bottom was formed, price confirmed...
NZD/CAD is a pair that i've personally been looking at,for quite some time. We can see that it''s been in a burrish trend for almost a month and
some consolidation is going on now .
Also MACD indicator has lost its sell power and we some buyers taking place instead, but again its flat so dont rush. For me i would like to see a break out soon for a buy position...
