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NZDCADANALYSIS

NZDCAD - Big short sell opportunity almost readyNZDCAD is in a very high value aea right now. It has now complete the 3rd touch of ascending channel structure in cmmbination with double top areaa (inflection point) in higher TF structure. This is a very igh value area to sell. Nevertheless, with we must pay attention to how the price approaching this area with impulsive leg. Because of that, I cant take any trade here blindly. We need first to wait for a little bit of confirmation before executing any trade. One thing for sure is I will only look for sell setup in this area. All we need now is an impulsive rejection from this area to the downside, continued by a break of bearish continuation structure (ie: bearish flag, rising wedge, pennant, etc). In this area, if I get this bearish continuation structure, any break from this continuation patttern even on small 15m TF will do and will trigger my short sell entry with sl above the continuation structure. Good Luck..
Short
by moa_trading_journal
2
Intraday: NZDCAD BEARISH RetracementWhat we should be looking at for now is a rejection off this strong resistance level @0.8898 price level. We managed to see a rejection off this level previously with price retesting the level once more. However, BULLISH strength is weakening from an H1 timeframe and what I will be hoping to see is a nice rejection off here retesting the trend support before making further BULLISH movement (or a BEARISH breakout). I will update further movement after we see a BEARISH fall from here to the trend support level. Cheers!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
NZDCAD approaching the supply zonecurrently, we are seeing price forming a higher peak and higher trough series, we have room to go down to the 0.8828 level as a target level if the seller manages to hold the price at the supply zone, wait for the price rejection! good luck traders ;) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZD/CAD SELL 1H 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
NZDCAD - BULLISH BIASNZD - BULLISH 1️⃣ NZD benefitted from risk-on tone boosted after House Speaker Nancy Pelosi set a Tuesday deadline for the White House to agree on further fiscal stimulus. 2️⃣ Westpac’s economists say the RBNZ will need to take further action due to a low inflation outlook, after a recent house price surge sparked fears that the central bank could over-inflate asset prices with more rate cuts. 3️⃣ The BusinessNZ Performance of Services Index for October read at 55.4, adding 0.9 points from the previous month. CAD - BEARISH 1️⃣ Crude oil prices declined amid mounting concerns over fuel demand recovery as the number of coronavirus infections continue to rise and several countries including the UK and Italy imposed fresh restrictions. ===== TECHNICAL ===== - We're looking to long NZDCAD on RBS level + 50% fibo retracement on H1 chart. - NZDCAD in bullish zone.
Long
by MonsunAsia
NZDCAD, price testing the demand zone!currently, we are seeing price testing the demand zone, we need to wait for the price to react and bounce off from the demand zone before placing any buy order. wait until price formed a rejection pattern on a lower timeframe - do your own research! ;) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
NZDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 20 Oct M > Market is moving in a downward channel, price dropped from resistance level of the channel completing the W formation. W > Price dropped to test monthly support, faced rejection and moved up to test weekly resistance again. Price also had support of rising trend-line. D > We saw formation of H & S pattern, hence expected bearish movement. Price dropped out of support trend-line but moved back in to pause at daily demand zone. As expected price broke out of demand zone. We expect price to continue with drop till weekly support. As per COT NZD saw addition of both Long and Short further increasing net positions, confirming further improved strength of ZXY for the said week. ZXY has been gaining strength slowly since June 2020. ZXY however weakened last week. CAD saw addition of major Long and closure of Short positions with Short positions further reducing to least for current year, improving net positions (still in -ve). CXY further gained strength during the said week but weakened a bit last week. 4H > Price created a new H & S pattern on 4H time frame and with good momentum continuing to drop towards our target. Pair Correlation > NZDCAD has positive correlation with AUDCAD, AUDUSD and NZDUSD and negative correlation with GBPNZD and GBPAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX