Get started
MujkanovicFX

NZDCAD Buy Setup: H.Support, Divergence and Momentum

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
MujkanovicFX  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis NZD CAD NZDCAD nzdcadlong support buysetup signal buysignal
3
0
trendanalysis chartpattern beyondta nzd cad nzdcad nzdcadlong support buysetup signal buysignal
NZDCAD reached a horizontal support level, near the lowest level of 2019. A strong bullish candle is forming, and a bullish view is also confirmed by a bullish divergence between the price and the MACD.

Furthermore, the pair is forming a bullish wedge pattern with the current fifth having a high probability of breaking above the upper wedge line.

Related Ideas

MujkanovicFX
NZDCAD Long - Watch out for a bullish wedge breakout
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.