The New Zealand Dollar is trading in two opposing channels against its Canadian counterpart. The senior pattern was formed mid-September when the Kiwi started to create distinctive waves up and down.
Its last moment upwards was likewise stranded between two channel lines. The rate peaked at 0.9020 and was subsequently dominated by bears.
The rate continued to...
We have a bullish gartley around a major support area. Looking to go long upon proper rejection and signal confirmation.
LIKE and FOLLOW to get instant notifications each time i post trade setups.
This is probably will be my 2nd trade of the day. I don't intend to put it on yet since I may give market too much room to go against me.
The thesis is again based on my expectation that CAD data is bad vs the good expectation. It is however not a very significant data and it's isolated. If market has little reaction I'm not interested in holding it for...
As long as the recent low at 0.8740 holds, our bias remains bullish on NZDCAD.
Since the high from 21st September, price has been falling in a corrective nature, and is near completing the minimum expectation around 0.8799 to 0.8847 area. This presents a decent opportunity to look for a long setup, targeting 0.9129 area.
*Disclaimer - make sure you have a proper...
