NZDCAD: Bearish Trend Continuation 🇳🇿🇨🇦
NZDCAD broke a support line of a wide consolidation range on a daily.
It opens a potential for a further decline.
Next support - 0.816
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CADNZD trade ideas
NZDCAD - LONGWEEKLY
- 4/4
+ Big trend line.
+ Closed above buy zone.
+ Impuls - corretion now possible impulse
- IC could hold the price down.
DAILY
- Pat in pat
+ Market open was very impulsive to the downside, possible impulse back to the upside.
- Buy zone is just underneath my SL
4H
- Limit placed
NZD/CAD: Near Completion of Bullish Harmonic PatternNZD/CAD: Near Completion of Bullish Harmonic Pattern
NZD/CAD is nearly completing a bullish harmonic pattern.
The price is expected to spend some time in the current zone due to generally low market volume, but a rise is anticipated.
I'm expecting a normal price recovery for short-term trading, with the first target near 0.8250 and the second target at 0.8290.
You may find more details in the chart!
Thank you and Good Luck!
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NZD/CAD BIASthere is a change in market structure from 15 min,also there is liquidity to the upside.pullback and we are looking for longs
NZDCAD: Time to Sell?! 🇳🇿🇨🇦
NZDCAD looks bearish after a test of the intraday horizontal resistance.
As a confirmation, I see a bearish breakout of a neckline of a head & shoulders pattern.
The price will continue falling at least to 0.8186 support.
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NZDCAD-LONG - SENTIMENT TRADING - DIVERGENCEBULLISH INDICATION:
1- sentiments are high for the pair NZDCAD currently 92 percent of traders are buying this
2- Bullish Divergence matured on 1H time Frame
3- Market has also formed inverted hammer on 4h time frame near it support level of 0.81662
TradeCityPro | NZDCAD : Approaching Key Support Levels👋 Welcome to TradeCityPro!
In this analysis, I will review the NZDCAD forex pair for you. The analysis will be conducted on the daily timeframe.
📅 In this timeframe, a gradually sloping upward channel can be observed, with the price currently positioned near the bottom of the channel. The nearest support level to the current price is at 0.81376.
🧩 If the RSI manages to stabilize above 56.22, upward momentum could enter the market, allowing the price to potentially move towards the 0.83869 level.
📈 If 0.83869 is broken, the next resistance level will be at 0.86836, which approximately overlaps with the upper boundary of the ascending channel.
🔽 In the bearish scenario, as mentioned earlier, the first support level is 0.81376, and if this area is broken, the next support level will be 0.79789, which is one of the strongest support zones on the chart.
🔑 Overall, considering the more bearish momentum and the gentle slope of the ascending channel, I believe the likelihood of the channel breaking downward is quite high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Wed 11th Dec 2024 NZD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. Enjoy the day all. Cheers. Jim
NZD-CAD Risky Long! Buy!
Hello,Traders!
NZD-CAD made a retest
Of the horizontal support
Of 0.8196 and we are
Already seeing a bullish
Rebound so we will be
Expecting a further
Local bullish rebound
Buy!
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Check out other forecasts below too!
NZDCADLong trade idea for NZDCAD
Entry : market order
RR : 1:2
SL : 40pip
TP : 80pip
( I should point out that I use the 200 hourly ema when determining the trend )
Impulse after correction and then we need impulse move
picture has other explain to enter this trade, So will see💸
BUY NZDCAD - Price Action Strategy explained Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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NZDCAD strong bullish for expect
NZDCAD price break CHANNEL PATTERN, we are can seen bounces on structural zone on 6.Dec.
Consolidation zone is breaked, price is not make some specials moves still, for me from here is good to go long.
SUP ZONE: 0.82050
RES ZONE: 0.83920, 0.84420
NZDCAD Breaks Through Descending Broadening Wedge PatternNZDCAD Breaks Through Descending Broadening Wedge Pattern
NZDCAD is breaking through a descending broadening wedge pattern, indicating bullish momentum and potential further growth. The price may linger in the current zone, given the empty economic calendar. However, movement is expected to begin soon.
Let's see how the NFP data tomorrow will impact the market.
The first resistance zones will be found near 0.82900 and 0.8350
You may find more details in the chart!
Thank you and Good Luck!
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NZD/CAD STRUCTUREFrom 4hour there is strong bullish momentum,in 1hour market is creating higher high and high low it's about pullback and find buy entry
NZD/CAD STRUCTUREFrom 4hour there is strong bullish momentum,in 1hour market is creating higher high and high low it's about pullback and find buy entry
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD fora selling opportunity around 0.83200 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in a correction phase in which it is approaching the trend at 0.83200 support and resistance area.
Trade safe, Joe.
Monthly CLS, Model 1 is forming. Target 50% of rangeMonthly CLS, Model 1 is forming. Target 50% of range.
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
Monthly view
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
NZDCAD
"Team,
Our analysis suggests that the NZDCAD currency pair is poised for a potential upward move. We recommend buying NZDCAD at the current market price.
Key reasons for this recommendation:
- Technical indicators are showing bullish signals
- Market sentiment is shifting in favor of the New Zealand dollar
- Economic fundamentals support a potential appreciation of the NZD
Please execute the buy order at your earliest convenience.
Risk management:
- Set stop-loss
- Set take-profit
Let's work together to capitalize on this potential trading opportunity.
NZDCAD bearishNZD fundamentally weak
CAD bullish due to risky oil prices (war like situation)
Entry upon break of last Low
SL above last HH
NZDCAD Short - 6 Dec (M15 Counter Trend)Extremely aggressive counter LTF trend trade. Maintaining the HTF bias, with the M15 Fractal structure showing bearish momentum, I am taking a quick short towards the demand zone below.
1:2.65RR Trade.
NZDCAD Short - 6 DecI Identified the swing structure from H4 on NZDCAD.
Price retraced into the Supply zone, swiping all the liquidity available and I believe it poised for swing downwards.
I'm actually in this trade already, only posting this analysis after I've entered.
On M15, There was a ChoCh, confirming my entry model.
