Get started

NZDCAD

NZDCADAfter completing the pattern of class A harmonic in the wedge range and after climbing up to the range of 0.84171 and 70.7CD from the last log of the pattern. Now, we can expect a reduction of up to 2 important static ranges at the intersection with the pivot points at 0.84066 and 0.83910. The range of 0.84066 is very important and actually a confirmation for the next target. Between the C peak of the pattern 0.84345 and the current peak, we also see a negative divergence, which requires a break of the 0.84066 range to be confirmed. The range between two specified targets also has a resistance property
Short
by maryammh
NZDCAD - 4hrs ( Sell Trade Target Range 280 PIP ) 💲Pair Name : NZD/CAD 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( / Short ) Type : Mid Term Swing ——————————— Bearish Reversal 0.86100 Area Reasons - Major Turn level - Visible Range Lvn - Pattern Break Out - Harmonic Pattern Reversal - Prev Week low Break Out Bullish Reversal 0.83500 Area Reasons - Major Turn level - Pattern Target - Fixed Range poc Area - Prev Quarter Mid Area
Short
by GoldenEngine
3
NZDCAD - SHORT setupHowdy everyone. NZDCAD is currently showing signs of bearish momentum, with a clear downward trajectory as it aims to develop a new low on the daily time frame. The 4-hour moving averages are currently positioned above the price action, further reinforcing the bearish sentiment. In addition, a 4-hour bearish engulfing closure has recently occurred, providing confirmation for short position. Furthermore, we are around 100 pips away from the potential daily MA of 100, which could act as a significant re-test reaction zone. Overall, the technical indicators suggest that NZDCAD may continue to face selling pressure, with the potential to push the pair to new lows. ✨
Short
by fxtraderkristina
NZDCADCurrently, the best strategy is to follow the fluctuations inside the channelized space. The movements were very harmonic and accurate. In its first move, it completed ABCD. Then, in response to the bottom of the channel and the formation of a positive divergence, growth can be expected. 2 Expected ranges can be predicted based on the pivot point in the ranges of 0.84935 and 0.85409 until reaching the static range. After that, the reaction should be checked to continue. In general, the goal of ascending and completing a reciprocal pattern is not far from expected.
by maryammh