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NZDCAD

NZDCAD Is Bullish! Long! Please, check our technical outlook for NZDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.841. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.854 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
11
NZD/CAD: Bullish Reversal Expected at Key Support Area.The rising interest rates in New Zealand are posing significant challenges for the country's farming industry. Today, the NZD/CAD currency pair hit the 0.85400 resistance area but then experienced a reversal as the CAD regained some value. As per the technical analysis, the value of the currency pair is currently approaching the previous support area within a bullish channel. The combination of the 61.8% Fibonacci retracement level, the dynamic trendline of the channel, and the support area suggests that this may be an opportune moment for the price to experience a pullback in the direction of the main trend. Therefore, we are currently seeking an entry point around the support area to initiate a new long bullish impulse. This approach is supported by our analysis of the market trends and indicators, which indicate that the NZD/CAD currency pair has the potential to appreciate in the near future. Overall, while the current economic conditions in New Zealand are challenging, there are still opportunities for investors to capitalize on the market's movements and achieve profitable outcomes.
by FOREXN1
6
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 Will Fall! Sell! Take a look at our analysis for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.850. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.845 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!
Short
by SignalProvider
1
NZD/CAD - Bullish divergence characteristic!Overview FX:NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend! Analysis & Plan Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with the yellow lines! Price has already created a higher high and I am expecting this characteristic to repeat again! All bullish and bearish factors considered for this trade are displayed on the 4 hour chart!
Long
by Tempo_Trades
NZDCAD TRADE AFTER THE PLAN.Hello traders around the world. My name is Alexandre Karim. Today we will be talking about NZDCAD double long position. I already posted my analysis on 9 March showing you the long position scenario. Lets talk abou the first position on NZDCAD which was a descending channel / falling wedge on the daily lower TL. The entry was at the breakout of the pattern (0.82780) and the SL below the previous low (0.82592). Moved to breakeven when the price broke the upper TL of the 4H / Daily chart. Running currently at 11%. The second position on this pair was an hourly bull flag as outer structure. The entry was at the breakout of the pattern (0.83564) and the SL below the previous low (0.82592) Currently I'm looking for a 1H correction to lock below it and secure %. Be patient. Look for the best set up. Trade quality not quantity. #THEPRIMES
Long
by alex_k_95
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