D1 - The price which is moving higher has reached a key resistance zone formed by the 100% fibonacci expansion level of the first wave at 0.89197 and 0.89 psychological level, bearish divergence. H4 - Bearish divergence. H1 - Bearish divergence followed by a bearish trend pattern in the form of three lower highs, lower lows. Expecting further continuation lower...
NZDCAD is at its monthly high chances of it falling are very high as we have noticed in the past that it respects the trend. Low time frames will determine this fall as we are to short each and every short opportunity we get. Trade smart. Good luck.
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We see price at a delicate situation.. We'd be waiting for more confirmations to take a decision on this pair.
CAD trying to be pretty manipulative because of OIL's movements. However Price has broken 0.885 zone and now became support but Trendline seems to be holding. Becareful , Support is already broken but Trendline is still holding..
Long entry for the weekly and strong reversal indication on the monthly.
1W TFRIME Zoom in 1D TFRIME Zoom in 4H TFRIME Zoom in 2H TFRIME
💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. NZD/CAD has been inside ascending channel now for a while, but now price faces first major obstacle - weekly resistance line. We will wait for price to be outside of this channel before opening...