NZDCAD 08/08/2024Weekly:
-Inverse H&S pattern.
-IC rejected.
Daily:
-Inverse H&S pattern.
-Bullish M pattern.
4H:
-Inverse H&S pattern.
-IC.
CADNZD trade ideas
NZDCAD LONGBased of the monthly.
What we call a V-formation, followed by a test.
The test comes in with weak sellers and very slow.
Followed by strong buying power, where sellers can't do much.
Price has turned in a range, where the buyers seem to be stronger.
Entry will be based of a mix of Daily, 4H and 1H
NZDCAD in an Ascending ChannelNZDCAD in an Ascending Channel
Technical Analysis:
NZDCAD is moving inside a daily "Ascending Channel"
From the chart, we can see that the price respected the support zone of the pattern several times.
Currently, the price is tested at 0.8150 and the support line can attract more buyers thus raising the bullish momentum.
Next week we also have the RBNZ rate decision, which could add some fuel to the fire.
You may find more details in the chart!
Thank you and Good Luck!
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NZDCAD will go down
NZD-CAD is trading downtrend and making LHs and LLS.
Two time Rejection from fib level 61.8% and making Bearish Divergence on RSI show the continuation bearish trend
We will see a further move down
Sell!
NZDCAD 4 Hours Technical Analysis ProjectionWe have just spotted a good selling opportunities on NZDCAD 4 Hours Chart as price printed a double top formation at a structural level. This is one of the setups we don't want to miss out on.
1 Hour chart also shows a bearish corrective formation which may give room for sellers to jump onboard.
NZDCAD Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8260
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8215
Safe Stop Loss - 0.8292
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZD/CAD Analysis: Bearish Outlook with Expected Drop to 0.8184Hello Traders,
I'm currently analyzing NZD/CAD and I see a potential bearish movement ahead.
Key Levels:
Current Price: $0.8278
Target Support Level: 0.8184
Resistance Zone: $0.8270
Analysis:
Price Action: The price has been under selling pressure recently, and I anticipate a further drop to the 0.8184 support level. This level has previously acted as a strong support zone.
Indicators:
RSI: Indicating overbought conditions, suggesting a potential for further downside.
MACD: Showing bearish momentum, supporting the case for a continued decline.
Volume: Increasing volume on the recent downtrend indicates strengthening selling pressure, aligning with the expected drop.
Strategy:
Entry Point: Look for potential sell opportunities around the current price with a target of $0.8184. This level has significant support and could act as a strong price floor.
Stop Loss: Consider placing a stop loss close to the break-away level at $0.8287 to manage risk effectively.
Conclusion:
Monitor the NZD/CAD pair for potential selling opportunities targeting 0.8184. As always, manage your risk and trade safely.
Happy Trading!
@TheLastLuftwaffe
NZD/CAD Analysis: Bearish Outlook with Expected Drop to 0.8184Hello Traders,
I'm currently analyzing NZD/CAD and I see a potential bearish movement ahead.
Key Levels:
Current Price: $0.8278
Target Support Level: 0.8184
Resistance Zone: $0.8270
Analysis:
Price Action: The price has been under selling pressure recently, and I anticipate a further drop to the 0.8184 support level. This level has previously acted as a strong support zone.
Indicators:
RSI: Indicating overbought conditions, suggesting a potential for further downside.
MACD: Showing bearish momentum, supporting the case for a continued decline.
Volume: Increasing volume on the recent downtrend indicates strengthening selling pressure, aligning with the expected drop.
Strategy:
Entry Point: Look for potential sell opportunities around the current price with a target of $0.8184. This level has significant support and could act as a strong price floor.
Stop Loss: Consider placing a stop loss close to the break-away level at $0.8287 to manage risk effectively.
Conclusion:
Monitor the NZD/CAD pair for potential selling opportunities targeting 0.8184. As always, manage your risk and trade safely.
Happy Trading!
@TheLastLuftwaffe
NZDCAD SHORTS Was waiting for H4 structure to turn bearish in order to look for an opportunity;
Market structure bearish on HTF DH
entry at Daily AOi
Weekly rejection at AOi
Daily Rejection At AOi
Previous Daily Structure Point
Around Psychological Level 0.82500
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.24
Entry 85%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDCAD long position RRR 3:11. There have been a recent bullish price impulse.
2. Followed by retracement with Hidden Divergence.
NZDCAD: Bullish Continuation
The analysis of the NZDCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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NZDCAD Pattern FormationThis currency has been forming a bearish flag for past few months and on its way to complete the pattern at 0.880
For the past few days, it has been forming a rising flag, which IMO is a strong indicator of the bearish momentum, but has not broken the pattern yet.
I do anticipate that in the short term, it might touch the 0.85 zone and the long term, 0.88. A shorter timeframe analysis will follow.
NZDCAD - SellNZDCAD is in bearish trend making series of LHs and LLs. Retraced to 0.618 fib level on 4hr and printing strong red candle. sell with SL above prev LH for TP1 and TP2
NZDCAD bearish continuation likely … the week of 05 Aug, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis.
This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade.
Note that the 38.2% retracement level and the 200 dma are already trying to contain the current up move. The bulls can still push through to the 50% or even the 61.80% levels, so I am going to be watching the PA closely. A momentum move above the 61.80% area will negate my analysis. Let’s see how this plays out.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
NZDCAD Trade Analysis - Trade #6Dear Traders,
Today, we're focusing on our sixth trade opportunity: NZDCAD. This pair previously delivered an excellent trade a few weeks ago (I will include the link to that trade).
Currently, NZDCAD appears poised for another significant move.
Weekly Timeframe:
The price has moved from a strong support level at 0.83850 and broken into the next key range at 0.82750. However, it's now rejecting support at 0.81500 and has closed bullish. Despite this, I believe the bullish momentum may not be strong enough, and that the prevailing monthly bearish momentum could push the price below the trendline.
Daily Timeframe:
On the daily chart, the price is clearly making lower lows and lower highs. We observed a spike during the pre-London session, which was subsequently rejected. A strong bearish candle close would be ideal on the daily chart. At present, I am satisfied with how the price action is developing, and I do not see any compelling reason for a higher push.
H4 Timeframe:
On the H4 chart, we see a shift towards a bearish trend. The price has transitioned from making higher highs and higher lows to forming a new lower low, although a new lower high has not yet been established.
I am now awaiting entry confirmation on the H1 timeframe to enter a short position.
Happy trading,
Renaldo
Anticipating the Pullback: NZDCAD's Journey to the 0.618 Fib LevHey Traders,
It appears FX:NZDCAD is looking to make a pullback/correction after its last bearish impulse. I suspect that price will make its way to 0.82500 (which is also the 0.618 Fib level) before continuing to the downside.
Current Market Conditions:
Pullback Scenario: After a strong bearish impulse, a pullback to the 0.618 Fib level (0.82500) is anticipated before resuming the downtrend.
Key Levels: The 0.82500 level aligns with the 0.618 Fibonacci retracement, adding significance to this potential resistance.
Targets:
TP1: 0.82250
TP2: 0.82500
TP3: 0.82900
TP4: 0.83350
Risk Management:
Stop-Loss: Set stop-loss at 0.81050 to manage risk and protect against unexpected moves.
Consider profit-taking at the specified target points (TP1, TP2, TP3, TP4).
Conclusion:
The expected pullback in NZDCAD offers an opportunity to capitalize on a potential correction before the bearish trend resumes. Monitor the price action around the 0.618 Fib level for confirmation and trade adjustments.
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
Trading Insight: "Stay patient, trade smart, and let the market's rhythm guide your strategy!"
Long nzdcad Well stop losses have been hit, we should look for long opportunities in this beautiful pair
NZDCAD Simple Trading Plans (Uptrend)The NZDCAD has tentatively rallied in recent history due to a fast easing cycle out of the BOC.
We have further anticipated BOC easing to come today, we also have an increasingly dovish view from the RBNZ that has caused the tentative rise.
Key levels noted within recent uptrend line(s).
NZDCAD: Breakout & Demand ZoneNZDCAD has successfully broke and closed above a significant an intraday resistance cluster and a prominent descending trend line.
The breached vertical and horizontal formations have created a widening demand area.
I anticipate a bullish trend starting from the highlighted blue region, with a target set at 0.8325.
NZDCAD: Bearish Stocks And Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.83100 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83100 support and resistance area.
Trade safe, Joe.
NZDCAD - Short active !! Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected from trendline + liquidity zone. As well, on H1 we have regular divergence and for conservative entry you can wait break of structure.
Fundamental news: Upcoming week on Wednesday (GMT+3) we have results of Unemployment Rate on NZD, news with high impact on currency.
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NZDCAD - Bullish TrendThe currency pairs are telling that the pair is still going up with no serious trend divergence. The trade plan is set accordingly. Let's hope the plan works!
NZDCAD Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8271
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8205
Safe Stop Loss - 0.8319
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
