#NZDCAD: 500+ bullish buying opportunity! Swing TradingDear Traders,
We have a great opportunity on NZDCAD , please wait for price to come and bounce at our area of entry. Price already have breakthrough the bearish strong trendline meaning price have changed the character for the first time since months. Now price that has not yet re-confirmed that price can continue the bullish trend and we can have a swing trade taken.
Please wait for price to do its thing, do not rush. Patience pays!
NZDCAD
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82300 support and resistance area.
Trade safe, Joe.
NZDCAD Will Go Up! Long!
Here is our detailed technical review for NZDCAD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.827.
The above observations make me that the market will inevitably achieve 0.831 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDCAD - Range BreakoutNZDCAD has been ranging since December 2023. More specifically, this range formed in early December (of 2023) when price failed to form a new higher high.
I've been monitoring this pair on and off. While I have observed previous fake breakouts, or fakeouts, I would say the confidence level that this latest breakout holds is much higher.
This comes down to one simple reason - today's close. The bearish bar was strong and cleanly closed below the lower range boundary.
NZDCAD Technical Analysis! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8366
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8343
My Stop Loss - 0.8378
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
7 Dimension Trade Idea for NZDCAD😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Breakout of Structure (BoS); Current market is in a sideways mood
🟢 Swing Move: Impulsive to sideways
🟢 Inducement: Done
🟢 Decisional OB: Mitigated, but discount area liquidity is unmitigated yet
🟢 Support: Holds the price for the 4th time, indicating strong demand
🟢 Trendline: Buildup, prebreak, and a potential spike for tapping extreme areas
🟢 Time Frame Confluence: H4, Daily, and Weekly
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal, Rounding Patterns, Cup and Handle at both daily and H4 with strengthening buildup. Consolidation Rectangle makes this area interesting and demanding.
🟢 CANDLE PATTERNS: In this highly consolidated zone, no candlestick pattern is effective. Watch and wait until breakout, then analyze candle behavior at breakout levels.
🟢 Volume: High volume throughout consolidation indicates bull dominance. Watch for volume on breakout or fakeouts for a final decision.
4️⃣ Momentum RSI
🟢 Momentum: Totally sideways
5️⃣ Volatility Bollinger Bands
🟢 Volatility: Highly contracted
6️⃣ Strength According to ROC
🟢 Values: NZD is stronger than CAD
💡 Decision: Wait till breakout or fakeout, but in both scenarios, consider buy positions
🚀 Entry: Breakout at 0.8418 / Fakeout at 8292
✋ Stop Loss: Breakout at 0.8383 / Fakeout at 8275
🎯 Take Profit: 0.8978
2nd Exit if Internal Structure changes; also Exit on 3rd trendline breakout, FOMO
😊 Risk to Reward Ratio: 20
🕛 Expected Duration: 50 days
📚 SUMMARY: The analysis points to a bullish trend with a strong consolidation zone. Breakout or fakeout opportunities are highlighted, emphasizing a buy strategy. The risk-to-reward ratio is favorable, and a patient approach is recommended until decisive market movements occur.
NZDCAD Is Very Bearish! Short!
Please, check our technical outlook for NZDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.833.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.832 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDCAD Potential UpsidesGreetings Traders,
In tomorrow's trading session, our focus is on NZDCAD as we actively monitor a potential buying opportunity around the 0.83400 zone. Riding an uptrend, NZDCAD showcases a sustained upward trajectory, indicating favorable market dynamics. Simultaneously, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 0.83400 support zone. This numerical level holds significance as a historical support point, presenting an opportune moment for traders to assess potential entry points aligned with the prevailing uptrend.
As traders prepare for tomorrow's session, strategic considerations should involve a meticulous evaluation of optimal entry points within the identified 0.83400 support zone. Aligning trading decisions with the ongoing uptrend and the potential market dynamics at this critical support zone is essential. The convergence of the correction phase with historical support further enhances the appeal of NZDCAD as a buying opportunity.
NZDCAD SHORT PROJECTIONNZD/CAD, following the identification of a Change of Character (ChoCh) within the major bullish order flow, has experienced a subsequent ChoCh to the upside accompanied by a Break of Structure (BoS). Currently, the strategy involves waiting for a downward ChoCh confirmation, which is anticipated to be fulfilled by the recently formed Fair Value Gap (FVG).
NZDCAD - 4H bullishLet’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone.
Now here's the exciting part – based on these patterns, I'm predicting another climb, targeting at least the previous high. Stay tuned to see how this plays out in the live market
NZDCAD The Target Is UP! BUY!
My dear followers,
I analysed this chart on NZDCAD and concluded the following:
The market is trading on 0.8320 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8349
Safe Stop Loss - 0.8303
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse.
We're expecting NZD strength so we can assume that NZDCAD has bottomed out.
Trade Idea:
- Watch for BOS, trendline break or reversal pattern on lower timeframe
- invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level
- Targets: 0.85 (500pips), 0.88 (800pips)
Goodluck and as always, trade safe!