NZDCAD LongNZD - bottoming now and currently gaining upwards momentum, possible continuous bounce up to 61.8 fib esp 10-year seasonality for NZDCAD favors it being bullish this coming June
CAD - will take some time to clear out the glut in oil inventories (oilprice.com) hence the recent slide, but still must be careful to prevent getting whipsawed. Expecting oil to drop @55 psychological resistance which will also bring CAD down
Oil:
Weekly:
Nzdcadforecast
SELL NZDAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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NZDCAD, GIVE THE BULLS SOME SPACE!Hello Traders,
After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now.
What we are looking for here is an H4 rejection in one of our support levels.
Give this trade some room because it can take a little bit to reverse, we can still see a move to our major support level, you can look for reversals in 1H and 15M in order to get a better entry, but remember, the lower the timeframe, the riskier it is!
Best of Lucks,
GlobalYouthTrading
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#NZDCAD Next TargetLast week we analyzed the following currency and this can be seen in the arrow above, We were in front of an important resistance and explained that as long as the nzd can not get around this resistance it is better to sell, indeed the nzd dropped slightly but to rise back and break this resistance, His next target is the next resistance at 0.9230
Buy NZDCAD:
Entry Price: 0.9165
Stop Loss: 0.9115
Take Profit: 0.9230
NZDCAD It's a Rising Wedge bro.NZDCAD Rising Wedge Pattern.
be Patient in every situation don't rush wait for the confirmation before entering.
Patience is the key to success.
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A downward trend here to stay! #NZDCADWe have been following this coin for several weeks now and it is still moving as we expected, The trend here is a significant downward trend with a large drop potential! the price is stopped exactly to the resistance of this bearish channel 0.9150 and directly triggers a decrease of 270 pips, for now, our recommendation remains bearish
Sell GBPNZD:
Entry Price: 0.8940-0.8960
Stop Loss:0.9050
Take Profit:0.8780