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:
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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.
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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 .
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A glimpse of the NZDCAD in the first half of 2024
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My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8131
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8117
About Used Indicators:
By the very nature of the...
✅NZD_CA D is making a
Bullish rebound from
The rising support line
So we are bullish biased
And we will be expecting
A further move up
LONG🚀
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NZD/CAD has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.81199
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.80930
Why we like it:
There is a pullback support level which...
NZD-CAD finally broke the
Long-term falling resistance
Line and the breakout is
Confirmed so we are
Bullish biased and I think
The the pair will go higher
Mid-term !
As you can see, everything is highlighted, price is bullish in both weekly and daily time frame,
in 1 hour time frame price has raided the previous day high hence we expect to see retracement, and not just retracement but a price has to go to a deep discount in order to be bought.
Waiting for a break and retest of 0.81072 to short NZDCAD back to 4H swing low at 0.80510
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Hello,Traders!
NZD-CAD went down but
Will soon hit a rising support
Line so a bullish rebound is
To be expected
Buy!
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✅NZD_CAD went down but
The pair will soon retest
The rising support from
Where we will be expecting
A local bullish rebound
LONG🚀
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NZDCAD formed a head & shoulders pattern after a test
of a recently broken horizontal structure support.
I think that the pair may continue falling, after
the release of Crude Oil Inventories data today.
Initial target - 0.8115
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Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.81639
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.81898
Why we like it:
There is a pullback resistance level...
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.818.
Considering the today's price action, probabilities will be high to see a movement to 0.814.
P.S
Overbought describes a period of time where there has...
Hello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD
I still did my best and this is the most likely count for me at the moment.
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