Looking for a BUY setups. it could be a nice move to the long side
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...
Will look to go short if price breaks below 0.85277 and long if price breaks above 0.85659. At the current moment, price is in range.
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...
Price retrace at key level waiting to forming PB and expecting to reach 0.83105
its a Elliot wave form so take the 2nd point entry, will get more profit.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8495). 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 below the 21-Day WEMA which acts as a...
Our pivot point is at 0.8507. Our preference: rebound towards 0.8562. Alternative scenario: the downside breakout of 0.8507 would call for 0.8489 and 0.8479. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).
Our pivot point is at 0.8507. Our preference: rebound towards 0.8562. Alternative scenario: the downside breakout of 0.8507 would call for 0.8489 and 0.8479. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).
Our pivot point is at 0.8507. Our preference: rebound towards 0.8562. Alternative scenario: the downside breakout of 0.8507 would call for 0.8489 and 0.8479. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).