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NZDCad below resistance and looking to break it

NzdCad has been stuck below resistance for a while now
On the weekly chart we see the highs in the pair that define the resistance line:
The rising trendline below is pushing the pair up towards the highs again
This is a rising wedge pattern- and is designed for a upward breakout to follow
It is therefore only a question of time before the highs are negociated
On the daily chart we see more evidence of bullish movement:
The rising daily trendline is much steeper and shows strong bullish moves
A …
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AdamFx42 3 Aug.

Pair has moved down to trendline support - should see a move up start here again

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AdamFx42 5 Aug.

Pair is up above 0.94 today - so trendline is holding - on its way towards resistance level around 0.95

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AdamFx42 15 Aug.

Pair is testing trendline - if it holds we will see a move up

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AdamFx42 21 Aug.

Price has broken below trendline but seems to be correcting up to retest that break
It was a steep rising trendline so a correction beow is not a problem to return to bullish

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AdamFx42 31 Aug.

Price around 0.95 now - need a bit more strength to reach target at 0.9544

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NZD/CAD strongly Bullish, but resistance levels are looming

Nzd/Cad is a strongly bullish pair at the moment, with previous highs being challenged
The weekly chart shows us a RSI_14 above 60, which is a bullish sign for the pair
Also the Fibonacci Expansion level of 61.8% of the last weekly move is just above the previous highs
I believe that Nzd/Cad will try to take out the previous weekly highs,
but it may be too much to break it on the first go - as this level is now a strong resistance area
due to the combination of previous high and fibonacci expans…
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AdamFx42 28 Mar.

Pair has broken the trendline I drew on the daily chart, but 23.6% fibonacci retracement line
has stopped the move down, and pair is above the trendline again,
bullish and target already in sight

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AdamFx42 3 Apr.

Pair moving up after second test of trendline -- bullish looking now, towards target

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AdamFx42 8 Apr.

After yet another attempt at the daily trendline that I drew on the charts
pair fails to break below the trendline, so remains bullish
A strong move up happening now, should now target a break of 0.95

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AdamFx42 19 Apr.

The pair has moved below the daily trendline, and will have to break back above for my prediction to hold up

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NZD/CAD supported by trendline and SMA for bullish move

Nzd/Cad is bullish and next weekly target seems a lot higher
On the weekly chart there is a bullish trendline from the last lows that has been around for months now;
this is depicted as the grey line on the weekly chart
The price is holding above the blue line too -- this is the weekly SMA-100
Stoachistic and RSI-14 indicators show bullish signs
and the fibonacci expansion level 61.8% that I have drawn from the last weekly move
shows a target just above previous highs -- near 0.97 -- this is the…
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AdamFx42 26 Jan.

Nzd/Cad holding position now - looking for retracement down,
as nzd is weaker, following weaker Aud

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AdamFx42 28 Jan.

Nzd weakening more because of interest rate decision now
but Cad is also suffering from the FOMC today --  so pair is still above target,
need to break below 0.92 for my prediction

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AdamFx42 29 Jan.

Below 0.92 now, and touched my target 3  hours ago,
need it to stay below 0.92 to have a chance now

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AdamFx42 29 Jan.

Pair has stayed below 0.92 overnight and is just below target now - looking good

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AdamFx42 29 Jan.

Although my target is reached from above instead of below as I predicted,
my predicted 61.8% fibonacci resistance area will act as resistance now, too
As it is around the 0.92 line this will become natural resistance for the pair

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Bullish signs in NZD/CAD - some resistance to break

Nzd/Cad is on the way up, but resistance looms
On the weekly chart this pair has put in a near-perfect retracement of 61.8% fibonacci weekly retracement
from the last big weekly move up, price should move up again here to challange the highs, eventually
The last weekly move provides up with a fibonacci expansion level of 61.8% that is just above
weekly fibonacci weekly retracement level
You can see the combination of these two levels on the weekly chart - this is a support area now
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AdamFx42 4 Dec.

Price has tested daily trendline as I predicted and bounced back up,
a continuation of the move up will leave the trendline intact, and help my prediction
The first move up should break above the 61.8% fibonacci expansion level on the daily chart again

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AdamFx42 10 Dec.

Although trendline was broken price is back up above it in a fiercely bullish move,
the 38.2% weekly fibonacci retracement that I drew out has stopped the move up
as I predicted, and price should fall a bit and bounce back up off the 61.8% fib expansion support now

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AdamFx42 16 Dec.

Price has moved higher and above resistance area that i drew out on my daily chart
and is exactly on target now

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AdamFx42 29 Dec.

Price remaining on target - 0.90 below should act as support now,
I think this should end up near to my target

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AdamFx42 1 Jan.

0.90 has acted as support - just 6 pips below target now

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NZD/CAD saved by a weekly trendline

Nzd/Cad seems to be on the way down at the moment
but has formed a weekly trendline that is bullish and can act as a support for the pair
The trendline has formed on the 61.8% fibonacci retracement level of the last weekly move up
and therefore should provide strong support,
as this is a natural retracement level as it is
Nzd/Cad weekly chart
On the daily chart we can see the price moving down towards this trendline
presumably to retest it - we also see the RSI moving up, indicating buyers in th…
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AdamFx42 30 Oct.

price is now moving exactly as I predicted it would - that is nice :-)
Continuation of recent move back up from the test of weekly lower border
should lead the price towards my target

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AdamFx42 5 Nov.

price action still going as expected - about 80 pips below target now

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AdamFx42 10 Nov.

Target almost reached now  - price playing out exactly as I predicted,
still moving up slowly now towards target around 0.887 with 50% fibonacci weekly retracement now broken definitely, 100% fibonacci daily expansion just below 0.89 next target,
which I predicted would hold price below it until end of month

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AdamFx42 15 Nov.

Price has broken above 0.89 - but moving down again now,
0.90 has held the move up as predicted - this is the 38.2% weekly fibonacci retracement level,
looking for the price to hold around 0.89 now

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AdamFx42 26 Nov.

0.89 looks to be resistance now - price is holding above 0.88, which will hopefully act as support,
need 40 pips to the upside for my target

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Breakout of bullish wedge pattern

Nzd/Cad is currently stuck in a bullish wedge pattern seen on the weekly chart,
the pattern is coming to an end, and breakout should follow before too long,
this breakout should be to the upside and above the upper border of the wedge pattern:
Nzd/Cad weekly chart
On the daily chart we see the lower border of the wedge pattern act as a support line,
I have drawn the fibonacci expansions of the latest big and small moves,
the retracement now back to the lower border of the wedge should lead to so…
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AdamFx42 3 Sep.

breakout has come to the downside - if previous lows around 0.893 hold there is still a chance for a move back up

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