NZDCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I expect price to make a retracement to fill that huge imbalance and then to reject from bullish order block.
Fundamental analysis: This week on Wednesday (GMT+3) we will see results of Cash Rate on NZD, news with high impact on currency.
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NZDCAD
NZDCAD Bullish Robbery plan to make moneyMy Dear Robbers / Traders,
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NZDCAD: Bullish indices and Potential upsidesHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.82600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82600 support and resistance area.
We would also like to consider the current bullish bias on indices and the bearish USD, these factors are positive for commodity linked pairs like NZDCAD and AUDCAD due to the correlation.
Trade safe, Joe.
NZDCAD Short Trade Setup A #short trade opportunity recently presented itself on the #kiwiloonie (#NZDCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 0.82514 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.81000 psychological level and possibly testing the strength of the 0.80946 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
NZDCAD - Potential buy idea ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I wait price to continue the retracement to fill that huge imbalance lower and then to reject from trendline + FIBO 0.618 level.
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NZDCAD | Short H4 | Market Exec | Pure Retracement PlayTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 0.8210 - 0.8230
SL @ 0.8244
TP 1 @ 0.8184 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8151
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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NZDCAD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83000 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83000 support and resistance area.
NZDCAD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), NZDCAD rejected the lower bound of the red channel and traded higher.
What's next?
📈 NZDCAD has been overall bearish, trading within the falling channel in red.
At present, NZDCAD is undergoing a correction phase, trading within the short-term rising channel in blue, and it is currently approaching the upper bound of the channel.
Moreover, it is retesting a strong resistance zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green resistance and upper trendlines.
📚 As per my trading style:
As #NZDCAD is hovering around the 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
NZDCAD Going for a 0.786 Rejection. Trade at the right time.The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down.
With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new 0.786 Fib, which now happens to be exactly at the top of the Channel Down.
As a result, as long as the pair doesn't close a 1D candle above the 0.786 Fib, we are bearish, targeting 0.80300 (the -0.136 Fib extension). If the 1D candle gets closed above the 0.786 Fib, we will take the small loss and buy, targeting 0.85000.
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Potential bullish bounce?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.81706
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.81212
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.82427
Why we like it:
There is a pullback resistance level.
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NZDCAD | MT Long H4 | Milk Economy Over Oil Economy? Pair: FX:NZDCAD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action is at a resistance trendline & also a horizontal trendline (Demand zone)
- Price is between the 61.8 - 78.6% Fibo retracement
- Aiming for the 38.2% Fibo Retracement which is also a supply zone.
Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade:
Entry @ Area of Interest 0.8070 - 0.8100
SL @ 0.8021
TP 1 @ 0.8155 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8223
Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
NZDCAD | Long H4 | Buy Limit | Milk/Oil Economy - 2nd EntryTechnical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around
- Aiming for the next Consolidation Zone of Price Actions
Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade:
Buy Limit @ 0.8098
SL @ 0.8051
TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8213
Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
NZDCAD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8170
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8149
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
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WISH YOU ALL LUCK