OANDA:NZDCAD
This chart has a beautiful confluence across the Weekly, Daily & 4-Hour time frames.
The price has respected the trend line on the weekly chart since 2016! With less than 4 hours to close the week, it's rejecting the 200 EMA and is likely to close below the trend line with a Doji .
On the daily chart , we see that the price has not been able to...
NZDCAD is in the side ways movement , this is perfect way to trade positionally , and earn the points in this segment. many days this is going in sideways , with full support and resistance. trade hopefully. thanks.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.876). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Price has correctibely reached the key level area and formed a rising wedge pattern.
Its has also formed a pattern- within- pattern of rising wedge formation even on a 15m TF to get a better entry with a higher risk to reward.
Forecasting it to go short to the minimum of TP -1 and the maximum of TP -2
Giving us a R:R of 4.11% in just 1 trade.
As the trade...
Hello Trader, Here is the full analysis on NZDCAD
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.
How can you support me:
1) Like my idea.
2) Follow me...
I've taken a trade here. let's see how it goes. the marked grey boxes are my targets.
I'll update this idea in a while.
Also, what do you want me to analyse, let me know in the comments!!
NZD/CAD 4 Hours.
Price looks like it's ready for a breakout I am looking for a position to go long after we see a small break out and a retest to the resistance level after that it is good idea to buy.
Not ready yet!!!
The news this week.
Wed May 13 4:00
NZD Official Cash Rate
NZD RBNZ Monetary Policy Statement
NZD RBNZ Rate Statement
5:00 NZD
RBNZ Press...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8443). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
