Full Analysis For NZD/CAD Pair , Waiting For Closure To Buy It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDCADANALYSIS
NZDCAD Going LONG?Hi, Let's take a look at NZDCAD.
NC broken Bullish Flag and retested.
Perfect retest is at current support area.
Bearish Flag
3rd encounter at lower TL.
Weekly & Daily closed above
support & TL.
RSI indicating Oversold on D TF.
Bullish Divergence on 4H, D TF.
All indicating Bullish movements.
Another Bullish Flag
NC seems to be holding 0.835
Support Zone.
Monthly candle is closing tomorow.
If it closes above current support
then there's Bullish possibility.
Trading Idea Regarding NZDCADAccording to my analysis this currency pair is going down for the upcoming week
1-Strong Down trend
2-Fallowing key levels repeatedly
Do not get confused by watching dojji canndle to understand the formation of the doji candle take a look at 4 hour chart
as you can see price first make new lower low then retest the key level and start coming down...this move appear as dojji candle on daily chart so don't think it as trend reversal candle
NZDCAD Long OpportunityHere is my analysis for NZDCAD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
NZDCAD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 0.84200 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
NZDCAD is in Downtrend and It is Expected to Continue Downtrend.
NZD/CAD 4HR BUY SET UPHi TRADERS this is my trade set up for the NZD/CAD for the new week ahead
NZD/CAD nice bullish pin bar on the daily chart, I will be looking for a quick buy trade on this pair, it has been in a long downtrend and is very risky going against the trend so trade carefully
so i will be looking for a pullback to order block zone to take a BUY trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please follow like and comment thanks
#NZDCAD Falling Wedge Pattern#NZD/CAD Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze #NZD/CAD a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank You❤
NZD/CAD Full breakdown I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well.
Monthly:
The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past.
Weekly:
The price is clearly over extended. When price is over extended we can expect a correction. If we take the fibonacci to measure the possible correction we can see that the .786 fibonacci level is in confluence with structure. We could expect the price to make a correction and reach the price of 0.88151.
Daily:
The price is bearish making lower lows and lower highs. We need to wait for the shift of the price to a bullish price.
Fundamentals:
To see this movement happen the base currency must be stronger than the quote currency for that specific period of time.
-If we look at the commitments of traders we have a good confirmation that base currency is currently stronger than quote. In the COT we can see that institutions closed 3,078 long and opened 7,862 shorts of the quote currency( CAD).
- Institutions opened 2,630 and also opened 5,939 shorts of the base currency(NZD)
-The base currency is stronger than the quote currency. We can definitely expect the movement to the upside.
With all the information that I gather we can see that there is a strong possibility for the movement to the upside happen.
NZDCAD, We are in sell zone areaHello everybody
According to the chart you can see after breakwave that we made and the trend that changed to downward and the power of the bullish and correction was became weak its time to take short position until reach to the target .
In our way we have another minor resistance that the price can impact to it and after that its ready to break that down and continue the wat toward the target.
Dont forget use stop loss and trail your position and manage it
Good Luck
Abtin
NZD/CAD Multi-Timeframe analysis - update !!!Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
NZDCAD BUY TRADE IDEA - BREAK OF STRUCTURE & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
Monthly, Weekly, & Daily is bullish. We go on the weekly where we can see that we have an ICI to the upside and a major support structure where the market has tested it multiple times before, we are expecting it to retest the support before it continues to the upside. Dropping on the 4H time frame, we are waiting for the MACD to be above the 0 and EMAs are already cut for long, our entry is at the structure and stop loss is below structure and last low, our take profit is at the impulse of the weekly.
Trade Signals
BUY
Entry: 0.88063
Take Profit: 0.90044
Stop Loss: 0.87416
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
NZD/CAD:DOWNTREND | TECHNICAL ANALYSIS | PRICE WILL GO DOWN ?NZ unemployment in the three months to the end of September has slumped to 3.4 per cent, Stats NZ has reported. This date will let's grow the price ?
We think in Downtrend continuation....
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Have a Good Day Trading !
Wait for a sell signal with NZDCADH1 time frame.
Structure: The uptrend was broken at Key level 0.88000.
The price is forming a retracement confirming the downtrend.
Wait for the downtrend to complete and a bearish pattern to appear, then you can find a selling opportunity.
Profit target is 0.86000 price zone.
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Wish you all have a good trading day!