Consider selling AUDCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
NZDCAD is approaching the major structure support level following the breakout of the consolidation.
Price action is about to test the descending channel border and dynamic support.
The market shows a divergence, which means the market will retrace.
We expect structure-based trade and a retest of the resistance level.
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Share your opinion...
Waiting for a retest of the low of the consolidation at 0.82745 to short NZDCAD back Daily swing lows at 0.79796
If you agree drop a like and if you have any questions leave a comment :)
So I actually expect to see CAD strength following the Bank of Canada Interest Rate Decision on Wednesday, however it would be nice to see some weakness heading into the week.
For that reason, I'm not looking to go short just yet, but on my chart I have a small up arrow then down arrow. That's what I'm hoping will happen. If not and I miss the trade... oh...
NZDCAD H4: BULLISH TARGET HAS BEEN OBSERVED:
Following targets are good targets for the buyers. Technical Indicator and Chart pattern closely observed and now following are the best and strong bullish targets.
BULLISH ANALYSIS AND FORECASTING
LOW RISK TARGET 84294
MEDIUM RISK TARGET 84294
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NZDCAD H4: TRENDLINE CLEAR PRESENTS THE BULLISH OUTBREAKS
Here, we are providing a deep technical analysis. Get ready and be strong with my following targets.
UPPER RESISTANCE TARGETS
LOWER RISK TARGET 0.84471
MEDIUM RISK TARGET 0.84136
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Here is our detailed technical review for NZDCAD.
Time Frame: 5h
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 0.831 level.
P.S
Overbought describes a period of time where there has...
NZD/CAD Long
• If price impulses up above our most recent two lows on the one hour chart and a subsequent three touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I...
A glimpse of the NZDCAD in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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NZDCAD has been ranging since December 2023. More specifically, this range formed in early December (of 2023) when price failed to form a new higher high.
I've been monitoring this pair on and off. While I have observed previous fake breakouts, or fakeouts, I would say the confidence level that this latest breakout holds is much higher.
This comes down to one...
Hello,Traders!
NZD-CAD is already making
A bullish rebound from the
Horizontal support level
Of 0.8278 so I think
That we will see
Some more growth
Buy!
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