NZDCAD Double Top opportunity but it may go up if the above resistance line is broken
NZDCAD going down after hitting the strong resistance at 0.9000
NZDCAD UPDATE FOR LONG the blue bar will be my buy zone. it could extend to around 0.82150. watch out for a flag and buy once it get close/enters the blue zone like, follow and comment :)
NZDCAD is testing its major support on higher time frames, i am expecting a possible strong break of the current structure or a double bottom and then sharp rallies, so either way i am looking for longs on this market. Watch this out! Trade Safe!
A reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now. We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*. Give it 8 more hours to confirm its strength to reverse.
NZDCAD Buy Trade Probability! SL around 0.888 Levels Looking For An Upward Move Following This Break?/
Seems like NZDCAD is gearing up for a short based on this trend. If it breaks this line expect more bullish but I'm expecting it to drop during this US Session today.
NZD/CAD 1H Chart: Channel Down The New Zealand Dollar is losing value against its Canadian counterpart in a short-term tiny descending channel began to form after a 50-pip appreciation of the Loonie last Friday. Until this point, the currency rate was confidently moving to the south, crossing all barriers on its way. Most probably, the pair will...
If you look at the monthly chart of the NZDCAD Forex pair, you will see that is has been on a uptrend since it's opening. However, you could also clearly see that it cannot penetrate above the levels of the monthly (major) resistance. With the continuous failure to break above, a possible trend reversal (on monthly level) may be taking place -- the bears are...