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Nzd-cad

NZD CAD easy picture! Longs are opened!So we broke H4 trend line to the upside. What i see now - we'll at least 0.8900 zone. More pluses for longs: 1) We broke and tested H4 200 EMA 2) The price tested previous low with breaking lower just to do the stop hunt 3) CAD will get weaker. Also, we have CAD news ahead. 4) NZD is getting stronger. 5) Also on DAILY chart 0.8650 zone was a 61.8 FIBO zone for us to see that correction from. So i believe that HUGE correction WAVE has been over here. And we're ready for going much longer on NZD CAD.
Long
by art_fxtrader
NZDCAD bullish wedge and/or double bottom, Part 2Previous analysis worked out very nicely, actually even seen both pattern play out. One quick drop (small bear trap) completing the wedge and because it was a wick also keeping the double bottom alive. So far it is looking very good, almost perfect even. Now this kind of trade can become a big win. If we see that bull flag play out coming days, it's the perfect area to increase the position for the ones who bought the low last week. Don't forget to like if you appreciate this :)
Long
by botje11
2
NZDCAD bullish wedge and/or double bottomNZDCAD seems to be shaping a nice bullish wedge at a long term support zone. Now the tricky part is, there is potential for a double bottom as well now, so maybe it won't reach the low of the wedge anymore. But instead of guessing, i am going to watch it coming week. Sometimes with a big double bottom pattern like this, with the sharp drop it made, we see a good bounce up first. Then another retest of the low. So in other words, making a small double bottom inside of the bigger one. If that plays out, i might not wait for the wedge but get in based on the double bottom Previous analysis:
by botje11
2
Possible 900 Pip Run from NZDCADIf we get strong close above .87895 then I will be looking to buy, and buy, and buy, and keep buying lol. I believe the CD (if this plays out) will look a little different, I wouldn't be surprised if price tests the bullish trendline again, as long as that stays in tact I'll be looking to buy, all the way up to the first red line, we also have a wedge shape too that we just broke to the upside this could make for a great opportunity. Let's see how price acts in the coming days.
Long
by elevatedinvestor
1
NZDCAD: Sell opportunity on a Death Cross.The pair is trading inside a 1W Channel Down (RSI = 43.198, MACD = -0.004, Highs/Lows = -0.0038) and is testing the Lower High belt. Following a Death Cross earlier this month, there are high chances for a continuation of the downtrend either within the channel or after a rejection on the MA200. Our TP is 0.85000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
NZD/CADHere is my bias, not advice. On the larger time frames (daily, weekly) I am BEARISH on this pair. Here is the 4 hour chart and we are looking at a descending channel. Price has bounced beautifully within this channel which has given my conformation. A bearish shark harmonic pattern has formed indicating a sell. We also have a rising wedge and a break on the hourly with a retest ( I typically don't like using the hourly time frame because it doesn't give us any validation on price direction but it seems to be working okay here) I believe we will see this pair retrace to $0.863 and if it breaks that price then it will head towards the .786 fibonacci level Follow me on instagram, DM any questions or concerns @joseph_galluzzo Best
Short
by Joseph_Galluzzo