Nzdcadlong
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
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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
Daily Wave Rider - NZDCAD - BUYNZDCAD
Channel: GREEN
WK Pivot: GREEN
AOB: HL
CON: SBB
BUY Stop: 0.81225
Stop Loss: 0.80367
TP01: 0.82083
DWR present as a buy setup on 2 NOV, with Channel and Pivot are green bouncing off HL
However, trade is not taken/considered
SPX500: NEUTRAL
DXY: SELL
OIL: BUY
GOLD: BUY
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
NZD/CAD Buy Idea 13/10/23Trade Details
NZD/CAD Buy Limit
Entry: 0.8087
Take Profit 1: 0.8132
Take Profit 2: 0.8187
Take Profit 3: 0.8249
Stop Loss: 0.8066
Key Notes
Order flow: Bullish
Trend: Bullish
Structure: Broken
Entry at order block
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
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 long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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NZDCAD I Long Opportunity from Support
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** NZDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCAD is expected to continue its short-term rebound.1. The GBPCAD currency pair is currently reversing its oversold conditions.
In the upcoming week, GBPCAD is expected to continue its short-term rebound, with a focus on the release of Canada's monthly labor market statistics.
It has potential for consolidation in the next five days due to oversold conditions on the daily chart.
According to Shaun Osborne, an FX strategist at Scotiabank, short-term rebounds for GBP may be limited to the mid/upper 1.65s, with major resistance seen around 1.6850/60.
Osborne suggests that a clear push above the upper 1.68s is needed for GBP to stabilize more broadly at this point.
The potential for GBPCAD to reach levels near 1.68 could depend on the performance of the Pound-Dollar exchange rate, as the Canadian Dollar closely tracks the U.S. dollar, resulting in GBPCAD retracing in line with GBP/USD.
2. There is potential for additional technical gains anticipated for this week.
From out indicator , both MA changed color from Red to Blue, in most of case, it tells us, the chart is changing from down trend to up trend/ from down trend to consolidation.
So it you have Short Positions on hand, it is the time to take profit.
On the order hand, it is the right time to establish Long Position of GBPCAD if you believe there is a technical rebounce for few days as a Swing trade strategy.
We mark three key levels of GBPCAD on daily chart for your reference.
Key Support Level is 1.6597.
Key Resistance Level are 1.6699 and 1.6870.
For us, we are running our Trading Rot for Algo trading GBPCAD and other CAD currency pairs(such as Short: CADJPY and CADCHF; Long: NZDCAD, EURCAD and USDCAD) which benefits from CAD turns to down side from Overbought.
3. The focus is expected to be on Canadian labor market statistics, which will hold significant importance.
Learning about the CAD Dollar:
Some common economic reasons that could contribute to a shift from a strong to a weak trend for a currency:
a) Interest Rate Differentials: Changes in interest rates can impact a currency's strength. If a country's central bank lowers interest rates or signals a more dovish monetary policy, it can lead to reduced demand for the currency and potentially weaken its value relative to other currencies.
b) Economic Growth and Performance: A weakening economic outlook or slower economic growth can negatively affect a currency. Factors such as declining GDP growth, rising unemployment, or weak economic indicators can contribute to a currency's weakness.
c) Trade Balance and Current Account: A persistent trade deficit or a deteriorating current account balance can put downward pressure on a currency. If a country imports more than it exports or experiences a net outflow of capital, it can lead to a weaker currency.
d) Commodity Prices: Canada is a major exporter of commodities like oil, natural gas, and metals. Fluctuations in commodity prices can have a significant impact on the Canadian dollar. A decline in commodity prices may weaken the CAD as it affects export revenues and the overall economic outlook.
e) Political and Geopolitical Factors: Political instability, changes in government, or geopolitical tensions can impact a currency's strength. Uncertainty or negative developments in these areas can undermine investor confidence and lead to a weaker currency.
It's important to note that currency trends are influenced by multiple factors, and the interplay of these factors can be complex. It's always recommended to consult up-to-date economic data and analysis to get a more accurate understanding of the specific reasons behind any recent shifts in the strength or weakness of a currency like CAD.
Thank you for your kind attention.
Good luck!
See you next update.
NZDCAD's 2:1 Reward To Risk Trade IdeaThis is bullish potential on NZDCAD.
12 hour timeframe is bullish. A new high was made on Friday.
Price can go higher overnight. If it does
we can adjust the take profit.
Stop loss and entry will stay the same.
Stop loss and entry are noted as
Entry: 0.80362
Stop loss: 079827
TP: back up to highs unless price creates new fluctuation in price action.
You can move stop loss lower if you prefer more room for the trade to breathe.
Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind.
Rather this trade wins or losses, I pray God for the opportunity.
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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
NZDCAD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short as I see price to continue bearish price action.
Fundamental analysis: On Wednesday will be released Interest Rate on CAD, and on Friday Unemployment Rate. Pay attention to the results in order to validate the analysis.
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NZDCAD - Looking for a short ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released Cash Rate on NZD. Pay attention to results in order to validate the analysis.
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NZDCAD HIGHER CONTEXT IDEASPrice made a huge move below.
If you looking on the leftside base on daily, there are still buyers and sellers.
after that rise of price. price retest its below, so im expecting that fall is just a break of its structure to navigate the actual buy zone at this current level of price.
Im expecting more than this idea, so the stoploss is a lot below. you can wait it or anticipate it base on your margin. Swing upto 0.83500 zone.
This is not a financial advice.
Follow for more swing ideas and for longer trades.
NZDCAD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block.
Fundamental analysis: This week on Wednesday will be released Unemployment Rate on NZD and on Friday on CAD and if the result is positive for CAD it will support our analysis.
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Trading Journal #5: NZDCAD Reversal BuyI see a potential buy opportunity back up the weekly high and maybe further. Since price has reversed to the upside on the 4 hour timeframe, this could be a great opportunity to set my pending order.
If price doesn't trigger me into the trade I will enter a manual buy position on the Daily TF.
Thank you for watching my Trading Journal.
Be blessed.
Shaquan