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Nzd-cad

NZDCAD Trend-Following Setup - Analysis #31/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange. Moreover, the zone 0.86 is a resistance and supply zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline. (acting as non-horizontal resistance) 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...) 📚 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
3
NZDCAD Watch For Bullish Price Action Looks like NZDCAD could potentially develop into the next bullish up move on the lower time frame. From the previous, impulsive phase on the higher time frame, price begin to form into a larger consolidation, correcting the price. With a few swing highs and lows, we see price finally create a smaller descending channel within the larger correction. This is a good sign to show multi-time frames are in a bullsh favor. Currently price has already push up, so wait for this current correction to complete to confirm the nex up side is ideal. Alternatively, price can just make one more short move down to to bottom of the higher time frame correction before the next up move.
Long
by jojofang0901
3
Charting 8 Currencies: A Weekly Forex Analysis and CPI PreviewIn this week's Tradingview analysis, I've examined eight individual currencies and marked off key levels, support/resistance, and trendlines. These charts help me gauge the strengths and weaknesses of different pairs, which I'll be keeping an eye on for the week. However, the fundamental landscape is also worth watching, especially with the upcoming CPI event. Last week's NFP data was mixed, with some numbers beating expectations while others missed. Traders are now looking to Tuesday's CPI data to get a clearer sense of the market's direction. If the CPI data is a miss, we may see upside in risk assets and downside in the dollar. On the other hand, a beat in CPI could trigger the opposite response. Here's a brief rundown of each currency: USD: The 4H chart suggests an uptrend, but a break of the support level could lead to further downside. Reclaiming the key level could signal a continuation of the upside move. GBP: Recent price action hit a resistance zone, and I expect a pullback. I'll be watching the key level around the 50% fib for a potential bounce or downside move. EURUSD: The current uptrend may continue, but breaking the trendline and key level could trigger a downside move. JPY: Price is at an interesting juncture. Breaking the pattern and key level could give it more momentum to the upside, but failing to do so could push price down to the second key level. Watching the US10Y for further downside momentum is also important because it can add strength to the JPY. CHF: Recent price movements seem stretched, and I'll be watching for any pullback or price action at the prior resistance level. AUD: The 4H candle just broke and closed below the prior support level, indicating potential downside. A reclaim of the prior support level could indicate a false break. NZDUSD: Our support level is currently holding. If it breaks, we may see a downward move. However, a breakout above our trendline and key level would suggest a possible bullish move. CAD: There's currently downside pressure on the CAD. Watching the key level 2 for a potential reversal or further downside move. Wishing you all the best of luck in your trades, and I hope this breakdown provides some valuable insights.
by natron
8
NZDCAD Potential UpsidesHey Traders, NZDCAD is approaching an important Supply and demand zone so i will be watching a buying opportunity around 0.835 zone as it has been rejected multiple times as mentioned in the chart. i would set 0.855 as a potential target which is considered the trend resistance in case of a decent rejection from the demand area. i would also recommend to take a look at the stock market to confirm the trade as we have some sort of positive correlation between American indices and NZD pairs. Trade safe, Joe.
Long
by JoeChampion
6
NZDCAD - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart NZDCAD is overall bearish trading inside the orange channel and we are currently approaching a support zone so we will be looking for buy setups on lower timeframes. on H1: Right Chart NZDCAD formed a wedge pattern but it is not ready to go yet. 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the gray last swing high to buy. Meanwhile, until the buy is activated, NZDCAD can still trade lower inside the blue support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
NZDCAD High probability short when the 1D MA100 breaksNZDCAD has turned sideways within a Triangle pattern in the past 30 days, showing the first signs of exhaustion on the incredible rally since October 11 2022. We don't recommend buying this pair anymore but instead we can short with high probabilities of success when the 1D MA100 (green trend-line) breaks. As you see on this chart, since 2015 every time the price broke below the 1D MA100 following a rally of similar magnitude, it always dropped significantly. This is our sell break-out signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCAD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart NZDCAD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes. on H4: Right Chart For the bears to take over, we need a momentum candle close below the last low in gray. Meanwhile, until the sell is activated, NZDCAD can still trade higher or even break the resistance zone . Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
NZDCAD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for NZDCAD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible buy entry at 0.85429, where the 50% Fibonacci line is. Stop loss will be at 0.84845, where the recent low is. Take profit will be at 0.86341, where the 50% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
1
NZDCAD time to retrace 🦐NZDCAD on the 4h chart after the over-extended impulse started a retracement move. The market, after the 1st bearish leg , retraced at the weekly resistance where the 50% of the move stands. The move left some liquidity below the support area and we can look for a continuation of the retracement. How can i approach this scenario? I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules. ---- 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
by InkyGrip