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Nzd-cad

NZDCAD - Round 2 ✅In our last NZDCAD analysis, we achieved a total of 200pips but we could not get past the channel. Price is still somewhat encompassed within the channel. For clarity we've removed the channel so that we can focus on immediate price action. NZDCAD 4H Trade Idea: - Watch for bullish price action on lower timeframe - Entry on break of red trendline - Stops below lows after trendline break - Targets: 0.86 (450pips), 0.88 (650pips) Goodluck and as always, trade safe!
by WicktatorFX
10
NZDCAD - Trend-Following Sell Setup ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart NZDCAD has been overall bearish trading inside the falling channel in orange and now it is sitting around the upper orange trendline again, so we will be looking for sell setups on lower timeframes. on H1: Right Chart For the bears to take over, we need a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, NZDCAD can still trade higher and even break the orange trendline upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
NZDCAD LongHello guys. I anticipate that this pair is building a bullish momentum. The price touched a major resistance zone, then bounced. It seems that this zone is weakened and the price will break out of this zone. My entry point is at 0.852, at the zone, after a breakout and retesting the zone. My stop loss is at 0.844, which is way below the current support zone. I am targeting a 1:3 R:R for this trade. Remember, risk 1% of your account while trading. Have a pippy day!
Long
by Vapari_Inc
Joe G2H - Selling NZDCAD (Again)Trade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.85014 Take Profit Level: 0.8420 Stop Loss: 0.8542 Risk/Reward: 2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe G2H Trade: Sticking with NZDCADTrade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.84659 Take Profit Level: 0.8406 Stop Loss: 0.8496 Risk/Reward: 2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Analyzing 8 Currencies: A Weekly Forex Breakdown & InsightIn my trading strategy, I analyze eight custom currency indexes on the 30-minute time frame to capture short-term market movements. I utilize pivot points, Exponential Moving Averages (EMAs), and various technical analysis techniques to develop a bullish or bearish bias for each currency. By examining the interactions between these indicators and price action, I can better understand the direction of the market and identify high-probability trading opportunities that align with the prevailing market sentiment. By focusing on the strength and weakness of major currencies and aligning our trades with the overall market mood, we aim to make informed decisions in the dynamic world of forex. Here's how I use these charts! Custom Currency Indexes: I've created custom indexes for eight major currencies: USD, EUR, GBP, JPY, CHF, AUD, NZD, and CAD. These indexes help me monitor the strength and weakness of each currency relative to the others, giving me valuable insights for my forex trades. Market Sentiment: I also pay attention to the overall market sentiment, which is generally considered "risk-on" when AUD, NZD, and CAD are showing strength, and USD, CHF, and JPY are showing weakness. This risk-on mood indicates that traders are more willing to take on risk, favoring higher-yielding currencies like the AUD, NZD, and CAD. Analyzing Currency Pairs: When looking for trading opportunities, I analyze both the relevant currency indexes and the market sentiment. For example, if I'm considering a trade on the AUD/USD pair, I would look at the AUD index and the USD index to gauge the strength and weakness of the currencies. Matching Up with Market Sentiment: If the strength and weakness of the currencies in the pair align with the overall market sentiment (e.g., AUD is strong and USD is weak in a risk-on environment), it may be a good time to take the trade. If the currency strength and weakness do not match up with the market sentiment, it might be better to stay out of the trade. In summary, my forex trading strategy combines custom currency indexes, market sentiment, and analysis of individual currency pairs. By considering these factors together, I aim to identify favorable trading opportunities in line with the prevailing market conditions. __________________________________________ My current bias for each currency on the 30 minute chart. May 7, 2023 USD: The USD is clearly experiencing a downward trend. Recently, there has been a significant refusal to breach a resistance zone, causing it to fall below all of my EMAs. I believe the downward momentum is likely to persist. GBP: Recently, the pound has gained considerable upward momentum and appears to be preparing for a sustained movement in the same direction. EUR: The EUR has lately broken through long-term trends and support levels, indicating a potential continued decline. While I maintain a bearish outlook, I am closely monitoring price movements. I have observed an RSI divergence on the 30-minute chart, which I consider a warning to be wary of additional declines until a substantial pullback occurs. JPY: Recently, the JPY has broken a short-term trend and a head & shoulders pattern. The price is now below all of my EMAs and is moving in accordance with the longer-term downward trend. CHF: The CHF has recently broken a long-term trend and support level. Currently, the price is retesting the previous support as potential resistance. Based on this price behavior, I anticipate further declines. AUD: While the AUD is experiencing an upward trend, it is encountering notable resistance levels that could exert downward pressure. Nevertheless, I will maintain my bullish stance until evidence suggests otherwise. NZD: The NZD has recently displayed strong bullish momentum, and my inclination is towards an upward direction. However, exercise caution as the price action has formed a bullish continuation pattern, but there are indications of decelerating momentum, suggesting a possible pullback in the near future. CAD: The CAD has experienced a substantial upward surge lately. Although I am currently bullish, the price appears somewhat extended and is approaching a recent high, which could lead to some selling pressure.
by natron
2
Joe G2H - NZDCAD at trend resistanceTrade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.8500 Take Profit Level: 0.8405 Stop Loss: 0.8541 Risk/Reward: 2.3/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
NZDCAD - Watch For ReversalNZDCAD is currently In wave B correction and approaching the 50 fibonacci alongside the channel support. We are expecting a bounce off the channel and then break of the red trendline for confirmation. Trade Idea: - Watch for bounce off fibonacci/channel - Confirmation on break of red trendline - Stops go below the lows after the breakout occurs - Targets: 0.86 (380pips), 0.88 (580pips), Hold small position for swing Goodluck and as always, trade safe!
by WicktatorFX
2
NZDCAD - Still Trading The Channel 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD has been overall bearish trading inside the falling channel in orange, and as per my last analysis (attached on the chart) we have been trading the channel. Now NZDCAD is approaching the upper trendline again. As per my trading style: As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) We will be looking for sell setups, UNLESS the channel is broken upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
10
NZDCAD - Approaching A Strong SupportHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange and previously we have been trading it by looking for sell setups around the upper trendline and buy setups around the lower trendline. Now NZDCAD is approaching the lower orange trendline again. Moreover, the zone 0.83 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support) As per my trading style: As NZDCAD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
NZDCAD a buying opportunity 🦐Looking at the 4-hour chart of NZDCAD, we can see that the price has been forming a series of lower lows and lower highs, indicating a downtrend. However, this trend has been interrupted by a bounce off a monthly support level, suggesting a potential trend reversal. After this bounce, the price formed an impulse that took it to a daily resistance level, where it experienced a retracement to the 0.786 Fibonacci level. This retracement is significant, as it often acts as a reversal point for price movements. Since this retracement, the price has formed a new impulse and is currently testing a daily resistance level once again. If the price is able to break above this resistance level, we could see a continuation of the bullish trend. The technical analysis suggests that the price of NZDCAD has the potential to continue its upward movement. Traders looking to take advantage of this potential could consider setting a long order if the price breaks above the daily resistance level according to the Plancton's strategy rules.
by InkyGrip
22