Nzdcadlong
NZDCAD BUYThis is NZDCAD 15 minutes timeframe analysis, i'm expecting this pair to go up for 50 PIPs as my final TP.
NZDCAD is bouncing from 1st Support, potential for further rise!NZDCAD is facing bullish pressure from our first support, in line with our 100% Fibonacci extension, 78.6% Fibonacci retracement and horizontal graphical overlap. Where price could potentially bounce from this level towards our first resistance, which is in line with our 61.8% Fibonacci retracement and horizontal graphical overlap. It is worth noting that price is trending above an ascending trendline.
NZDCAD - BULLISH BIASNZD - BULLISH
1️⃣ NZD benefitted from risk-on tone boosted after House Speaker Nancy Pelosi set a Tuesday deadline for the White House to agree on further fiscal stimulus.
2️⃣ Westpac’s economists say the RBNZ will need to take further action due to a low inflation outlook, after a recent house price surge sparked fears that the central bank could over-inflate asset prices with more rate cuts.
3️⃣ The BusinessNZ Performance of Services Index for October read at 55.4, adding 0.9 points from the previous month.
CAD - BEARISH
1️⃣ Crude oil prices declined amid mounting concerns over fuel demand recovery as the number of coronavirus infections continue to rise and several countries including the UK and Italy imposed fresh restrictions.
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TECHNICAL
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- We're looking to long NZDCAD on RBS level + 50% fibo retracement on H1 chart.
- NZDCAD in bullish zone.
NZDCAD FOR LONGThe NZDCAD analysis is a long for me. looking a a retracement to either 50% or 61.8% fib.
NOTE: Not a recommendation. Just an opinion.
NZDCADBounce off pennant support + Breakout above downtrend resistance + RSI bullish divergence signal ↗️
📢NZD/CAD Long setup😎👍👌Looking at going long, I will wait for this candle to close for more confirmation. Looking good so far. If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
NZD/CAD LoTrend is clearly stepping down creating LLs and LHs, bearish, but price is pulling back. Looking for a retest of the last LH. Waiting for a pullback to 0.87800 to look for a sell setup.
NZDCAD, price testing the demand zone!currently, we are seeing price testing the demand zone, we need to wait for the price to react and bounce off from the demand zone before placing any buy order. wait until price formed a rejection pattern on a lower timeframe - do your own research! ;)
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZDCAD.....LONGPrice just printed a falling wedge with a 1 to 5 elliot wave count.
I expect price to rise and break the decending trendline.
506 pips is the target.
Comment, like and Share please
NZDCAD LONG in the short termNZDCAD is position at price @ 0.8781 for a bull run . This is a short term analysis.
Overall, we should expect a pullback of price around @ 0.8789 and 0.8797 and if the price closes below @ 0.8797 then our move will be short to the downside with target price @ 0.8671 and @ 0.8663
I am bullish until the price reaches @ 0.8789
Good Luck Traders.
Long on Pullback-Respectable ascending TL, retest and continuation expected
-Secondary descending TL breakout
-0.618 fib retracement
-Previous are of S&R
-MA50 & MA100 momentum shift early indications
BUY NZDCADBUY NZDCAD. NZDCAD looks like its making its way upwards after crossing and closure of price above the moving average. Targets as shown.
