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Nazdcad

NZDCAD | BullishAccording to my analysis, the New Zealand dollar (NZD) is expected to experience a bullish trend. This assessment is based on the presence of a Hidden Bullish Divergence on the 1-hour chart of NZDCAD, which suggests a potential reversal in the price movement. Hidden Bullish Divergence occurs when the price of an asset forms lower lows, but the corresponding indicator, in this case, the NZDCAD chart, shows higher lows. This disparity indicates a potential shift in momentum and often signals an upcoming reversal to the upside. Therefore, considering the presence of Hidden Bullish Divergence on the 1-hour chart of NZDCAD, it suggests that the NZD is likely to strengthen against the Canadian dollar (CAD), indicating a bullish outlook for the NZD. However, it's important to remember that technical analysis is not infallible, and other factors should be considered, such as fundamental analysis and market conditions, before making any trading decisions.
Long
by awaisulabdeen
NZDCAD: Two Scenarios For A BuyA buy on NZDCAD seems the most favorable option as price is in a correction phase. This correction can develop into two types of flats, Running Flat in "Scenario 1" or Expanded Flat in "Scenario 2". The only difference between these structures is that the latter breaks the low of Wave A while the former doesn't. And of course an Expanded Flat means more stalking time for the trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Long
by 6.1.8.Family
NZDCAD : Signals to go SHORT !NZDCAD seems to be inside of the Motive Wave 5 of the applied Elliott Wave Theory in this chart. It confirms both previous three Motive and Corrective Waves along with its confirmation by Fibonacci Retracements applied respectively and if the price moves up and breaches the end or the high of the Corrective Wave 4 around 0.94250 and continues a bullish trend, the applied Elliott Wave Theory will be false. The Corrective Wave 4 shows a clear retracement close to Fib level 0.5 of the Motive Wave 3 and is now in a bearish trend confirmed by the MA 20 & 50 Crossover. It's most likely to continue the bearish trend until Fib Level 1.272 and it's good to open short positions around 0.93100 setting a stop loss around 0.94250 or near the end of the Corrective Wave 4 and exit positions around 0.91500 when the Motive Wave 5 comes near to an end.
Short
by learnitradewin