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NZDCAD

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
NZDCAD Buy settupHello, as we can see from a daily perspective, the trend was a downtrend until the price reached and rejected the support level. On 4H, we can see the formation of higher highs and higher lows indicating the structural change from a bearish to a bullish structure. On 1H, the price is moving in ascending trendline where it has already made two touches on the trendline and broke above the support level. My bias for NZDCAD is bullish so I will wait for the price to retest the support level which is also a 50% - 60% Fibonacci retracement level and make a third touch of ascending trend line if there will be confirmation I will take a long position.
Long
by UnknownUnicorn4558066
NZDCAD - 4hrs ( Buy Trade Target Range 160 PIP )💲Pair Name :NZD/CAD 🗨Time Frame : Daily ➕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 Break 0.83250 Area Reasons 🔘- Major Turn level 🔘- Visible range Hvn 🔘- Channel Break Out 🔘- Day / Week High Break 🔘- Fixed Poc Area 🔰Bearish Reversal 0.84800 Area Reasons 🔘- Major turn level 🔘- Inner down Trend 🔘- Visible Range Poc 🔘- Fixed Range Lvn
Long
by GentleGoldenEngine