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NZDCAD

NZDCAD: Confluence Zone & Your Trading Plan 🇳🇿🇨🇦 NZDCAD is testing an important confluence zone: I spotted a perfect match between a horizontal key level and a falling trend line. For a confirmation, watch a double top pattern on 1H time frame. We need a breakout of its neckline as a trigger. Hourly candle close below 0.8356 will confirm a violation. A bearish continuation will be expected to 0.83 level then. If the price sets a new high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
11
NZDCAD Bullish Buy Opportunity at 0.83991 We have identified a potential buying opportunity in NZDCAD at 0.83991. The decision to enter a buy position is supported by the presence of a bull flag pattern on both the weekly and daily charts. This pattern suggests a potential continuation of the upward trend. To manage risk, we recommend setting a stop loss at 0.82988. This level is strategically chosen to protect against a possible fake breakout and limit potential losses. For potential profits, we suggest setting a take profit level at 0.89468, targeting the first supply zone. This area represents a significant resistance level where prices may encounter selling pressure. Please note that trading involves risks, and it's essential to perform your own analysis before making any trading decisions.
Long
by UpHighTrade
1
NZDCAD - 4hrs ( Buy Trade Target Range 180 PIP ) Pair Name : NZD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— ☄️ Bullish Reversal 0.81750 Area Reasons - Inner Turn level - Visible range Poc Break - Choch Area Break - Trend Line Break - Fixed Range Poc ☄️Bearish Reversal 83.600 Area Reasons - Major Turn level - Pattern Target - Visible Range Lvn Area - Month High Area - Fibo Golden
Long
by GentleGoldenEngine
3
NZDCAD | Hidden Bearish Divergence | BearishAccording to my analysis, the New Zealand dollar against the Canadian dollar (NZDCAD) is expected to experience a bearish trend. This assessment is based on the presence of a Hidden Bearish Divergence on the 1-hour timeframe, which indicates a potential reversal zone. A Hidden Bearish Divergence occurs when the price of an asset forms higher highs, but the corresponding indicator, in this case, NZDCAD, shows lower highs. This discrepancy suggests a potential shift in momentum and often signals an upcoming reversal to the downside. Therefore, considering the presence of Hidden Bearish Divergence on the 1-hour chart of NZDCAD, it suggests that the NZD may weaken against the CAD, indicating a bearish outlook for NZDCAD. However, it's important to remember that technical analysis is not infallible, and other factors such as fundamental analysis and market conditions should also be considered before making any trading decisions.
Short
by awaisulabdeen
NZDCAD, H1 | Short term reversalWe're seeing price test a key 78.6% Fibonacci projection + an overlap resistance. We could see a reversal from here that could take prices all the way down to slightly above the 23.6% Fibonacci retracement at 0.8177. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM