Nzdcadforecast
NZDCAD ANALYSISWe have this pair following our last update and continuing to move down.
We expect a fall to 0.87800 and a bounce from that level to the upside.
If price gets to 0.87800, it would be regarded a higher low on the 4-hour and daily timeframe.
We could see the bounce from there. As for now, we remain patient, riding with the current profit on this pair.
Wait for confirm and buy signal with NZDCADH4 time frame.
Structure: Uptrend, Price hit trendline and move up.
Downtrend - retracement has been broken.
Wait for the confirmation and buy signal.
Target is next resistance at 0.89000.
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Wish you all have a good trading day!
NZD/CAD LONG BUY OPPUTUNITY .......
NZD/USD chart create Bullish butterfly pattern. So,
when breakout 0.86864 resistance level then you can buy this pair.
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POSSIBLE IMPULSE MOVE FOR NZDCAD?At the beginning of this week, we saw strong bullish impulse moves to the upside, and price broke a daily level of resistance.
Now, price is coming back to retest this level as support. Focus your eyes on the wick rejections at the level.
These 4hr candles are in a way rejecting the daily level. We will wait for a strong bullish close to put us in for buys. A nice 100 pips move on the way. Trade Safe.
NZDCAD Can Go up After the Retracement
Welcome back Traders, Investors, and Community!
Hi Traders, NZDCAD on H1 might have a retracement at 0.8727 which is the Support line before it continues its uptrend. If the price reaches at 0.8727 with a reliable candlestick pattern we can go long for short term TPs.
⬆️Buy now or Buy at 0.8727
⭕️SL @ 0.8714
✅TP1 @ 0.8775
✅TP2 @ 0.8797
✅TP3 @ 0.8837
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💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8727).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.8775
TP2= @ 0.8797
TP3= @ 0.8837
TP4= @ 0.8871
TP5= @ 0.8929
SL= Break below S2
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