Seems to be a great and fresh supply level above on NZDCAD,
as long as the price didn't break out the support level below, I'll wait at the supply level for sell position,
If the price will break out the support first, I'll look for a new reason to sell as long as the price didn't hit the demand,
At the demand below I'll look for buy position.
Hey guys,
Technically, I expect the NZD to chart its way up. Keeping it simple, momentum indicators show that prices are overextended to the downside and after a 10% gain against the Kiwi, CAD should cede some ground. In the weekly chart we can see that price action bullish divergence relative to stochastics. With higher highs relative to lower BB and a buy signal...
Hey guys,
i've written down some of the key reasons i'm willing to long this market. First, we have a daily Bat pattern that's been completed but that never reached its target level (nor broke the X point) therefore it's still valid. At that level we also have a daily structure (yellow box) that could act as support again. Ultimately, in the daily chart we can...
Hey guys,
i've written down some of the key reasons i'm willing to long this market. First, we have a daily Bat pattern that's been completed but that never reached its target level (nor broke the X point) therefore it's still valid. At that level we also have a daily structure (yellow box) that could act as support again. Ultimately, in the daily chart we can...
NZDCAD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bear candle gives me enough reason to believe a down trend is about to begin.
My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.
Each order contains a 30 pip stop loss and no take profit target.
These...
NZD/CAD is being guided by three patterns, namely, two descending channels and a short-term channel up. The pair is currently moving along the upper boundary of the five-month channel circa 0.8975. The two other patterns, however, imply that the Kiwi should still strengthen against the Canadian Dollar within the next week up to the psychological 0.90 mark.
Thus,...
Also see my NZDCHF forecast in another post. NZD pairs have fallen sharply and this is the level on NU pair I believe will be a nice entry point for a long trade. On this pair (NZDUSD), there is still room to go down further but the downside is much limited. I am expecting to see a small bounce up in next few days and then fall slightly to break the low and take...
We saw a huge slide on all NZD pairs started from late September and it is at the level I am comfortable to enter long. Expecting the price to reach 0.7200 on the reversal which can last for a couple of months.
I was hoping for a deeper pullback but this is still a nice entry for a long trade or enter if there is a minor pullback from today's price later this week.
The upmove is eminent - it is just about making decision on when to act. Also bullish on AUDCAD and USDCAD.
My trades are over 90% profitable and I love to show my trade records. Check out my profile. Thanks.
Price bounced off its daily uptrend line & strong support. I am watching for a break the CTL before going long.. NZD News later today lets see if we can get a strong push to the upside first target at the 61.8 fibonacci level !
After price completed a running flat between 12th September to 17th October, we saw price made an impulsive down move forming the recent low at 0.8690.
Since then, price has been developing in a corrective structure, and we are now expecting another move lower potentially towards 0.8524 - 0.8651 area.
Disclaimer - make sure you have a proper plan to engage the market.
Looking at 0.885 as a nice resistance
Price could visit the support at 0.865
Bear still has some power in it.
Disclaimer :
This analysis does not include personal feeling/opinion, and pure base on technical analysis
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