🧭 Overall Market Context
NZD/CAD has been in a broad downtrend for several months, forming lower highs and lower lows. However, price has recently reached a major higher-timeframe demand zone (the blue area) and reacted strongly upward.
This suggests a potential shift of momentum or at least a corrective bullish leg.
NZD/CAD has been in a broad downtrend for several months, forming lower highs and lower lows. However, price has recently reached a major higher-timeframe demand zone (the blue area) and reacted strongly upward.
This suggests a potential shift of momentum or at least a corrective bullish leg.
✅FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/winlouhscalperchannel
t.me/winlouhscalperchannel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/winlouhscalperchannel
t.me/winlouhscalperchannel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.