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NZDCAD

NZDCAD October 11th, 2023The NZDCAD pair on the daily chart displays a prominent trendline acting as both support and resistance. Currently, the price is in close proximity to the resistance area, and traders may consider placing a sell stop order near blue diagonal square area. This technical approach is supported by observations of the stochastic indicator, which has exhibited a crossover above the overbought zone. Historical instances suggest that such crossovers indicate a potential shift towards a bearish trend. It is advisable to wait and see, delaying the entry until the price reaches the resistance level. The bearish movement is targeted towards 0.807, a zone that has previously served as a rebound area.
Short
by DNP-FX
NZDCAD Under Pressure! SELL! My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0. 8183 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8132 My Stop Loss - 0.8212 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
7
NZDCAD - Strong Resistance Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for buy setups around the lower purple circle as it is the intersection of a horizontal support and lower red trendline. Since then, NZDCAD has been trading higher and now approaching the upper trendline of the channel. Moreover, the 0.825 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As NZDCAD approaches the upper 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
7
NzdCad could see a new trend heading up on dailyCould be starting a new trend upwards on daily. looking for pullbacks or opportunities for long **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! 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!
Long
by Shadowing_The_Big_Boys
NZDCAD This rise is a great opportunity to sellThe NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke: As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed the 1D MA200 (orange trend-line) but there is some probability that since we have Diverging Lower Lows (dashed) we may see a Diverging Lower Highs trend-line emerge. In any case, with the 1D RSI the closest to the 70.00 overbought barrier since July 14 and the last Lower High, the Risk/ Reward favors shorting, with our targeting being at 0.78515 (-5.20% decline as the last two, contacting the Diverging Lower Lows trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCAD What Next? SELL! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8160 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8110 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
2
NZDCAD - Finally A Bullish Breakout!Analysis: Bullish Confluences Longer term bearish trend broken Recent strong bullish strength Retesting an area of significance 38.2% fib retracement level lining up Falling wedge pattern completed The NZD is the 4th weakest major currency whereas the CAD is the 3rd weakest major currency 3K long position increase for the NZD 3K short position decrease for the NZD 2K long position decrease for the CAD Recent CAD news has been bearish Bearish Confluences 17K short position decrease for the CAD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
20
NZDCAD's 2:1 Reward To Risk Trade IdeaThis is bullish potential on NZDCAD. 12 hour timeframe is bullish. A new high was made on Friday. Price can go higher overnight. If it does we can adjust the take profit. Stop loss and entry will stay the same. Stop loss and entry are noted as Entry: 0.80362 Stop loss: 079827 TP: back up to highs unless price creates new fluctuation in price action. You can move stop loss lower if you prefer more room for the trade to breathe. Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind. Rather this trade wins or losses, I pray God for the opportunity. If you enjoy this takeaway please like this analysis and share it.
Long
by ShaquanLopez
NZDCAD Long Term SELLING Trading IdeaHello Traders In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCAD - Continuation Or Breakout?Analysis: Bearish Confluences Longer term downwards trend Retesting an area of significance The NZD is the weakest major currency whereas the CAD is the 3rd weakest major currency 7K long position decrease for the NZD 15K short position decrease for the CAD Recent CAD news has been bullish Bullish Confluences 1K short position decrease for the NZD 21K long position decrease for the CAD Recent NZD new has been bullish Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
22