Get started

NZDCADANALYSIS

NZDCAD Trading Plan - 10/Jan/2023Hello Traders, Hope you all are doing good!! I expect NZDCAD to go Up after finishing this correction. Look for your BUY setups below 0.85 level. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer : This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
NZDCAD: Bullish Breakout Price action has successfully broken the descending parallel channel. We can see Price has tested the Channel support and Resistance line on several occasions. Bullish indications Price action is achieving new Higher Lows and Higher Highs and a breakout starting from the median line of the channel is a good sign. Price has respected Fib level 61.8% which is now our support level which indicated use of fib level can be beneficial for TP and SL. 0.86365 is the next Resistance zone line. Last 10 years Seasonal analysis indicates Zxy remains Bullish in December over 66% of the time while CXY remains Bullish only 50% of the time. No Divergence was Spotted. Manage your Risk accordingly.
Long
by adnanmagsi
20 Reasons for short NZDCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Bear 2 📆Monthly: Bear 3 📅Weekly: Bear rejecters' last resistance 4 🕛Daily: Bull but a massive gap down reversal 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bull 6: 2 Pattern Candle Chart: key reversal, gap-down, double top, bull trap, also major tf rejections 7: 3 Volume: dried 8: 4 Momentum UNCONVENTIONAL Rsi: range shift bullish to sideways 9: 5 Volatility measure Bollinger bands: squeeze started 10: 6 Strength ADX: sideways 11: 7 Sentiment ROC: CHF is always stronger then nzd ✔️ Entry Time Frame: h4 12: Entry TF Structure: Bullish wait for confirmation 13: entry move: sideways Narrow 14: Support resistance base: support at h4 OB AND FVG 15: FIB: wait ☑️ final comments: wait till confirmation 16: 💡decision: after confirmation, we go with bears 17: 🚀Entry: 0.5871 18: ✋Stop losel:0.5922 19: 🎯Take profit:0.5645 20: 😊Risk to reward Ratio:1:7 🕛 Excepted Duration:7 days
Short
by Optimum369
20 REASON FOR SHORT NZDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 1 🧐Eagle eye: in 2016, a fake out occurred effect till Date so by this effect, the price made the last 7 years back to back Low, and this year's Low is extreme 2 👌Monthly: Trend is clear Down after filled last move target. Now price is in a corrective phase and tapped the most important FVG resistance level. In my point of view Corrective move is finished now, and another strong impulse move is beginning 3 👌Weekly: also in a bear trend and a solid corrective move induced previous high stack all liquidity and took all previous stop-loss also halt on monthly FVG resistance 4 👌Daily: daily corrective move successfully achieved the target and took a break on monthly and weekly resistance, so we saw a healthy retracement at this level 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: long wicks at resistance CIP this level double top 7: 3 Volume: below average right now, a vital reversal sign 8: 4 Momentum UNCONVENTIONAL Rsi: extreme high complete overbought levels 9: 5 Volatility measure Bollinger bands: longest walking on the band highly overbought 10: 6 Strength ADX: divergence at ADX 11: 7 Sentiment ROC: NZD is too much weaker than the CAD ✔️ Entry Time Frame: H4 12: 1 Entry TF Structure: higher low Not confirm YEt 13: 2 entry move: impulse 14: 3 Support resistance base: Monthly Resistance daily resistance H4 Resistance Confluence 15: 4 FIB: trigger event Occurred ☑️ final comments: small sell 1st as a test entry Then add at 3rd low increase your position size 16: 1 decision: sell a test and small size 17: 2 Entry: 0.8345 18: 3 Stop lose: 0.8390 19: 4 Take profit: 0.8065 20:5 Risk to reward Ratio: 1:7 🕛 Excepted Duration: 10 Days
Short
by Optimum369
2