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NZDCADANALYSIS

7 Dimension Analysis for NZDCAD 🕛 TOPDOWN Analysis - Navigating a Complex Market Structure Overview: Monthly observations reveal a cautious market, with a bearish internal structure emerging after a previous corrective move. Weekly charts, however, present a conflicting scenario, showcasing a lower high and hints of bullish momentum. The confusion intensifies as prices linger around a crucial resistance area. A sell-focused strategy is recommended due to the proximity to significant resistance. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: BoS (Breakout of Structure) 🟢 Swing Move: Corrective move completed at a premium area, marked by an IFC candle. 🟢 Inducement: Awaiting confirmation at a potential high. 🟢 Pull Back: Anticipating a retracement to the inducement level. 🟢 Internal Structure: Bears waiting; marked by supply, distribution, and rejection at a crucial level. 🟢 Supply/Distribution/Premium Areas: Intense interaction with a strong rejection at the resistance area. Trendline importance emphasized; waiting for a break and a close below. Traps: Evident, as prices attempt to surpass the area but struggle to sustain. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal Potential double top patterns; not classic but significance lies in key candle patterns and price movements. Shakeout reversal observed. 🟢 CANDLE PATTERNS Notable Observations: Bullish candles appearing but failing, marked by a pin bar reversal. Long wick candles, inverter hammer, and a gravestone doji present. 3️⃣ Volume: Significant volumes observed at the end of the corrective move. Low volumes during the rejection at the supply area; unclear picture. 4️⃣ Momentum RSI: 🟢 RSI in Super Bullish Zone: Signifies heavy momentum. 🟢 RSI Range Shift: Successful shift from sideways to bullish, indicating robust momentum. 🟢 Divergence: No clear divergence yet; momentum favoring bulls. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band Support: Price above the middle line. 🟢 No Squeeze or Consolidation: Indicates ongoing momentum. 🟢 Dual Band Derivation 1: Favorable for bulls. 6️⃣ Strength Rate of Change: NZD stronger than CAD. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Trendline ☑️ Candles Behavior: Favorable ☑️ Triangle Breakout: Awaiting confirmation. ☑️ Final Comments: Buy at the breakout, based on momentum and volatility. 💡 Decision: Initially a buy entry based on the current corrective move; if it fails, consider a reversal entry. 🚀 Entry: 0.8309 ✋ Stop Loss: 0.8266 🎯 Take Profit: 0.8427, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO. 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 3 days SUMMARY: The analysis navigates a complex market structure with conflicting signals on the monthly and weekly charts. The suggested approach is cautious, leaning toward a sell strategy due to the proximity to significant resistance. The daily analysis provides detailed insights into patterns, candle formations, and volumes. The buy entry is considered with specific conditions and exit strategies. This is a corrective move or contra trend entry
Long
by Optimum369
2
NZDCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental news: On Wednesday will be released Cash Rate on NZD. As well on Thursday will be released monthly GDP on CAD and on Friday Unemployment Rate on CAD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
20
NZDCAD Long Term SELLING Trading IdeaHello Traders In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCAD Technical Analysis And Trade IdeaIn this video, we offer a comprehensive breakdown of the NZD/CAD currency pair, focusing particularly on the prevailing bearish sentiment observed in higher timeframes. Notably, the NZD/CAD has reached a critical support level. Throughout this presentation, we delve into fundamental aspects of technical analysis, encompassing elements such as the existing trend, dynamics of price movement, market structure, and various other crucial components of technical analysis. As we proceed further in this presentation, we closely analyze a potential trading opportunity. It's crucial to emphasize that the information shared in this content is purely for educational purposes and should not be interpreted as financial advice. Engaging in foreign exchange market trading carries a substantial level of risk. Therefore, it is imperative to prudently integrate risk management strategies into your trading plan.
Short
by fxtraderanthony
Trend Continuation on NZDCADPrice on NZDCAD is bearish at the moment and price has created a lower low. So, if price continues lower I will sell back down to the low and further. This currency pair has been creating lower lows and lower highs the past few days and this seems to be a good setup if price can stay below the last lower high. What will invalidate this trade is if price pushes higher past the 12hour lower high. Disclaimer: this analysis is based on my strategy and personal view of the market. Please be sure to follow your own perspective.
Short
by ShaquanLopez