Story: Location is Excellent - Fib touch Bottom Speed Index a bit on the high side - I would preferred them to be higher to denote hard to move down moves. Immediate reaction after the last high down volume wave the largest up volume wave. The up waves are increasing What we need now is a retracement with small volume to go long. There is chance also to...
Having strong bullish divergence and the trend is breaking the last LL and LH pair is looking for promising bullish move and by applying fib you can buy at cheaper price to gain more profits
NZDCAD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long NZDCAD Entry - 0.8248 Sl - 0.8213 Tp - 0.8286 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The New Zealand cpi print came out positive and will support the NZD in the short term. On the other hand, the BOC meeting is expected to weaken the CAD.
Anticipating bounce here from major SR on H4, break of trend on H1 with retest and rejection candles up for a 30 pip move or so to TP.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82300 support and resistance area. Trade safe, Joe.
let´s see. The asset is bearish and possible can go down till fill the FVG. Good luck, and be carefull, it´s friday.
The NZDCAD is a quotation that expresses the relationship between the New Zealand dollar and the Canadian dollar. It belongs to commodity quotes as the countries' export volumes impact its rate. When analyzing the pair, consider data on New Zealand's and Canada's trading partners. The NZDCAD rate depends on GDP, interest rates, inflation, labor market stats, and...
I am detecting a demand zone here for NZDCAD in 15 min time frame. Not the best zone, but it seems if we hit the target, the RR would be around 2 at least.
The Intraday trend has been bearish until the bearish structure has shown a potential signal for the intraday price to change bullish or a consolidation. As from the chart we can see a basic character change of the trend.
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.
These were trades i took based of markeet structure and the news!
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. ------------------- 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 :)
Price finished its first wave now correcting may at anytime be ready to push up.
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 Note: Keep following me for more updates and information...
NZDCAD is in a Bearish Trend and will continue in that as there is no divergence on the RSI.