NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.81706 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.81212 Why we like it: There is a pullback support level which...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 0.8210 - 0.8230 SL @ 0.8244 TP 1...
Based on EMAs I think we still have a bullish trend
Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which...
Technical Confluences for Trade: - Stochastics are in Oversold Conditions on H1 & H4 time-frame - Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around - Aiming for the next Consolidation Zone of Price Actions Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the...
Hello,Traders! NZD-CAD is moving up Now but the pair is Locally overbought so After it hits a horizontal Resistance of 0.8255 A local bearish correction Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅NZD_CAD is going up to retest a horizontal resistance of 0.8251 Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 0.8219 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0.8170 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8149 About Used Indicators: By the very nature of the...
NZDCAD - Buy Stop - Bullish Pattern - Bullish Flag - Entry if Resistance broken
NZDCAD printed a Bullish Cup and Handle pattern with no signs of divergence on the RSI. Entry is suggested on 38.2% retracement level with Stop Loss on the previous Higher Low. TP levels are defined with RRR of 1:1 and 1:2.
NZDCAD confirmed a bearish breakout on the flag formed which is now expected to retrace or retest back towards the bottom level of support. Here we witness a nice retracement which likely to accumulate more selling pressure for a bearish trend.
Just took a buy on NZD/CAD. I really like the look of this trend continuation on the 4HR timeframe. Looking for a 2% Risk Reward on this.
Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here after price filled the imbalance and rejected from bullish order block + trendline. Fundamental news: Tomorrow we will see result of Unemployment...
My dear followers, This is my opinion on the NZDCAD next move: The asset is approaching an important pivot point 0.8150 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8126 About Used Indicators: For more efficient signals,...
There is a nice scalping buying opportunity on NZDCAD. The price test a solid rising trend line on a 4H time frame. As a bullish confirmation, the price formed a double bottom pattern on 30 minutes time frame and broke its neckline. We can expect a bullish movement to 0.8147 / 0.8158 levels. ❤️Please, support my work with like, thank you!❤️
In this chart we have observed LH & LL and at the bottoms we have bottoms almost equal LL's . which gave us the sign of potential breakout if it breaks the neckline, which is our entry area. what you say about that.
Our Pair creating inverted head and shoulders pattern but we still need a 4h closure above neckline to confirm the pattern and give us a confirmations to can buy it , and we can measure our target by putting a measure tool between neckline and head , if we have not a 4h closure above our neckline so this idea will be canceled . This Is An Educational + Analytic...
A glimpse of the NZDCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?