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Nzd-cad

NZDCAD approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance. We could potentially see a reversal at this level and further downside towards 1st support, in line with 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. Price is holding below both descending trendline and moving average resistance, showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
NZDCAD will break the range? 🦐NZDZAD after the last bearish impulse started a range between the support and the 0.382 Fibonacci level. According to Plancton's strategy if the price will lose the support we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
4
BUY ON NZDCADHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL. One can go long after it breaks its TRENDLINE RESISTANCE. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes
Head and Shoulders - NZDCADOn the hourly chart we have one of the most popular pattern formations. This is a reversal pattern where if we see a breakout, we expect the same amount of move in the opposite direction as the move in between the neck line and the head. In this case we should see price down at 0,8821. SL above the right shoulder! A good entry will be on the re-test of the neck line. This would give us the best risk to reward ratio and it would also confirm the H&S pattern.
Short
by ForexTrendline
1
💡Don't miss the great sell opportunity in NZDCADTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.89870). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend and the continuation of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 39. Take Profits: TP1= @ 0.89345 TP2= @ 0.89060 TP3= @ 0.88552 TP4= @ 0.88021 TP5= @ 0.87479 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
11
💡Don't miss the great sell opportunity in NZDCADTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.89870). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend and the continuation of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 37. Take Profits: TP1= @ 0.89345 TP2= @ 0.89060 TP3= @ 0.88552 TP4= @ 0.88021 TP5= @ 0.87479 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
18
COT CURRENCY REPORTAUD, NZD & CAD: The biggest mover among the three high beta majors was the CAD which showed a fairly big increase in net long positioning of +10K. What is even more interesting about this is that it occurred before the BOC meeting on Wednesday, which means this Friday’s data should show yet another big increase in positioning after the hawkish tilt from the BOC. In terms of the AUD, positioning is back in negative territory after a -5K position change, fairly large and most likely due to the exacerbated downside we saw the AUD two weeks ago with the risk off flush in risk assets which hit the AUD much harder than it’s high beta counterparts. This week will be fairly light on the data front for the CAD and NZD with CPI data in focus for the AUD. We would expect the CAD’s upward momentum to continue after the BOC’s meeting but as always external factors such as risk sentiment and oil will be important considerations. JPY, CHF & USD: US 10-year bond yields remains one of the key drivers for the USDJPY and a key asset to watch for the next direction of the pair. With the overall global risk outlook as well as the med-term bias for US10Y still tilted higher, we still expect USDJPY to drift higher and would keep a close eye on the price action for additional upside opportunities. As for the Dollar, not much has changed. The med-term bias remains titled to the downside, and the move lower in US10Y has certainly also helped to push the greenback lower. This week we do have the upcoming FOMC meeting as well as Q1 GDP. Even though markets are not expecting a lot from the FOMC there are a few caveats that could create some volatility in the Dollar. GBP: Sterling finally started to show more signs of life this past week, but once again did not manage to take advantage of that strength versus the EUR. The market’s continued expectations for a recovery narrative in the EU has continued to keep the EUR supported, alongside a continued push lower in the USD. The fundamental outlook for the GBP remains unchanged, and with some of the upside positioning being unwound, we would expect the GBP to resume its med-term upside momentum. However, it does seem like markets might be waiting for a catalyst in the short-term to do so. EUR: Still the biggest net-long position among the majors. There are still issues surrounding the fundamental outlook for the single currency, but despite that the EUR has remained very well supported over the past few sessions as the Dollar has continued to lose favour. The one positive though, and one of which a lot of participants are banking on right now, is that the vaccination roll out is gaining some positive momentum, and if the EU can reach some of the targets it has set itself then we could see a faster recovery in the EU. However, when we compare that potential recovery in terms of growth or inflation differentials, or compared that from a monetary policy normalization point of view, it will still be far behind that of the US and the UK, which is why we are staying patient with our view on the EUR for now, waiting for more information before we change our mind. *This report reflects the COT data updated until 20 April 2021.
by thunderpips
4
NZDCAD facing bearish pressure, potential for further downside!Price is holding below the descending trendline and moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and drop further towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
4
LONG ON NZDCADHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its Resistance. One can go long Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes
Nzdcad, might have a bottoming out potential.... If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
NZDCAD turned at the 0.382 🦐NZDCAD after the strong bearish impulse retraced exactly at the 0.382 Fibonacci level. The market then tuned again into the bear scenario and now is testing the support area. According to Plancton's strategy if the price will break below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
2