Please, check our technical outlook for NZDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.827. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.834 level soon. P.S Please, note that an...
There can be a potential long opportunity . Price formed a dragonfly doji on the Daily support level. What I'm waiting for is a shift go structure to the upside on the 4hr and a retest of structure before going long along with some other confluence. This is just an idea please do your own analysis!!/b]
Higher time frame created double bottom structure Broke above resistance area Broke the trend line Came back down supporting this area created new structure keeping in mind that higher time frame we have a double bottom Great risk to reward setup
OANDA:NZDCAD Weekly and Daily timeframes are bullish. Price on the daily made a pullback/retest to the Daily Area of Interest/ key support area @ around 0.82446. Entry is based on the bullish engulfing candlestick of the double bottom reversal pattern formed on the 4h @ 0.82446 daily key support
1. Price has broke out of a support structure zone followed by a big bearish candle... 2. Price has failed to break current support structure, looking left we can see multiple areas price has used as resistance and or support 3. I would like for price to retest structure it broke as resistance as well as filling in that imbalance it left from the big bearish candle
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
Looking at OANDA:NZDCAD from the 4HTF we see how price tested the zone at 0.83780 , Price approach it In a corrective manner showing the low momentum in bulls power. The zone at price 0.83780 holds, resulting to a double Top pattern. And at 0.83573 also we can see how price react to it, moving out of this area with high momentum. Currently the pair is...
Overall Trend: NZD/CAD has been in an uptrend. Recent price action shows higher lows, indicating bullish momentum. Bullish Divergence: On the MACD indicator, we observe bullish divergence. This signals a potential reversal to the upside. Triple Bottom Formation: A triple bottom pattern has formed. This pattern often precedes a...
This Weekly FORECAST Opportunity for NZDCAD. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Looking at the higher timeframes like the daily you can see we were obviously Bearish and had a bearish trend going, upon reaching 2nd Feb, we seem to have changed direction. Therefore we are now Bullish. Move across to the 4 Hour timeframe as shown in my screenshot here, I've marked out two gaps that need to be filled on the 4H timeframe. The first Gap is...
The trend has returned to the area of interest, and it remains bullish. I’m waiting for a confirmation to enter a long position
I think this might continue lower, if that happens I would like to see that zone being mitigated before going lower,
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDCAD pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
Take a look at our analysis for NZDCAD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.827. The above observations make me that the market will inevitably achieve 0.832 level. P.S The term oversold refers to a condition where an asset has traded...
Expecting some bullish movement this coming week, after a possible sweep of last week low #forex #forextrading #forexsignals #crypto #forexlifestyle #money #lifestyle #trade #stock #cash #iphone #daytrading #currencytrading #tradingonline #swingtrading #profit #forextips
Please, check our technical outlook for NZDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.826. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.829 level. P.S The term oversold refers...
We have a bullish break of structure, which left the unmitigated demand , thats where we going to take our buys.