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NZDCAD

NZDCAD Will Grow! Long! Take a look at our analysis for NZDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.824. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.837 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
7 Dimension 4RR Sell Setup for NZDCAD Core Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, the following analysis has been conducted: 😇 7 Dimension Analysis Time Frame: H4 Swing Structure: Bearish swing structure with a Break of Structure (BOS) after taking inducement. Corrective swing move has nearly mitigated everything with 3 pullbacks, forming a corrective internal bullish structure. At the Point of Interest (POI), we see three key elements: Extreme Order Block (OB), Fair Value Gap (FVG), and Liquidity (LIQ) resting above the double top at the Premier zone of the swing. All of these factors align to create a strong area for sellers. Entry Model: Regular SMC Resistance: Demand zone is prominent. Pattern: 🟢 Chart Patterns: Reversal: A double top pattern has been identified. 🟢 Candle Patterns: Long wicks have appeared multiple times at the top, indicating rejection. Momentum candles have also formed in the same area of interest, showing significant market activity. A classic tower top candlestick pattern with valid parameters has been observed. Volume: 🟢 Substantial volume has been observed in this area after a long time. Despite the volume, it has been unable to cross the point of interest, indicating profit booking and a show of strength from sellers. Momentum RSI: 🟢 After a strong bullish momentum, the RSI reversed from the overbought level and shifted into a range inside the sideways to bearish zone. A divergence between the last two highs is supported by loud moves, signaling that sellers are still in control. Volatility Bollinger Bands: 🟢 Transition from contraction to expansion has occurred with a proper squeeze breakout. Walking on the band suggests that the bullish volatile move is nearing its end. Price is forming an "M" pattern in Bollinger Band terms, which is a strong bearish signal. Strength ADX: Sideways yet, indicating neutral strength in the market. Rating: ⭐⭐⭐⭐⭐ All dimensions are in favor of a bearish move. ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ POI: Marked 💡 Decision: Sell limit 🚀 Entry: 0.8287 ✋ Stop loss: 0.8333 🎯 Take profit: 0.8110 😊 Risk to reward Ratio: 4 🕛 Expected Duration: 15 Days SUMMARY: The analysis suggests a strong bearish setup with all dimensions aligning in favor of sellers. A sell limit order is recommended at 0.8287 with a stop loss at 0.8333 and a take profit at 0.8110. The trade offers a favorable risk to reward ratio of 4, and the expected duration is 15 days.
Short
by Optimum369
MarketBreakdown | GBPUSD, USDJPY, NZDCAD, SILVER Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 GBPUSD broke and closed above a resistance line of a bullish flag pattern on a daily. Because the pair is trading in a long-term bullish trend, such a violation is a strong bullish signal and a clear sign of strength of the buyers. I think that the pair will continue growing. 2️⃣ #USDJPY weekly time frame 🇺🇸🇯🇵 The market is very close to a recently broken major rising trend line that turned into a resistance after a breakout. I suggest looking for a pullback trade from that because a bearish reaction will most likely follow after its test. 3️⃣ #NZDCAD daily time frame 🇳🇿🇨🇦 The price formed an ascending triangle pattern on a daily. We see a breakout attempt of its neckline at the moment. A daily candle close above the underlined blue area will be a strong bullish confirmation. A bullish continuation will be expected then. 4️⃣ Silver #XAGUSD daily time frame 🪙 Looks like Silver has completed a correctional movement and returns to a global bullish trend. A recent breakout of a key daily horizontal resistance confirms a local dominance of the buyers. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
NZD/CAD H4 | Pullback resistance at 161.8% Fibonacci extensionNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8322 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level. Stop loss is at 0.8361 which is a level that sits above a pullback resistance. Take profit is at 0.8277 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
NZDCAD Trading Opportunity! SELL! My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0.8259 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8214 My Stop Loss - 0.8288 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDCAD Will Collapse! SELL! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8260 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8215 Safe Stop Loss - 0.8292 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
NZDCAD bearish continuation likely … the week of 05 Aug, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade. Note that the 38.2% retracement level and the 200 dma are already trying to contain the current up move. The bulls can still push through to the 50% or even the 61.80% levels, so I am going to be watching the PA closely. A momentum move above the 61.80% area will negate my analysis. Let’s see how this plays out. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
NZDCAD - Short active !! Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected from trendline + liquidity zone. As well, on H1 we have regular divergence and for conservative entry you can wait break of structure. Fundamental news: Upcoming week on Wednesday (GMT+3) we have results of Unemployment Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
6
NZDCAD Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8271 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8205 Safe Stop Loss - 0.8319 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
We have displacementWe have a daily breaker block as our higher timeframe base and and a broken structure before price hiked to clear the swing high at 0.81600. The gathered data indicates a strong bullish market because price filled the fair value gap imbalance, mitigated the order block and we have a clear displacement due to the body close that spiked 0.81700. From here we ought to expect a flip to the unmitigated fresh demand zone for bullish positions. Going aggressive on this one is optional, looking to execute at 0.81420, stop loss of 15 pips just below the demand zone for price to breathe and we are targeting the supply zone at 0.82020 which adds up to a 60 pip target…
by tokelohomi