NZD/CAD possible uptrend continuation OANDA:NZDUSD has created a good resistance area and has seemed to respect it quite a bit. If this resistance is broken, we will likely see a strong up move. What do you think?
CADNZD trade ideas
NZDCAD..BUYAfter the price reaches the specified level,
Enter the buy deal with the Hammer candle or Ingulf candle signal
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
NZDCAD TRADE IDEAPair Name:
👍 Classic bearish formation
👍 Our team expects Retest & go fly
SUGGESTED TRADE IDEA :- NZDCAD short time buy setup created. If your analysis matches it take a trade otherwise skip the trade. Share your opinion with us.
Start protection of your profits from lower levels
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Price Action on NZDCADDISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
NZD/CAD H4 AnalysisPrice has printed a 3rd rejection of 0.8283 on Friday with an Evening Star pattern. We could now see price gravitate towards the trend line and potentially a break out lower confirming the triple top pattern. If this happens then price could drop all the way down to 0.8080 where we last found major support in April this year.
NZDCAD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8259
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8214
My Stop Loss - 0.8288
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCAD TRIPLE TOP REJECTION SELLNZDCAD Pattern rejection from top
Selling on based of technical analysis and seasonality
TRIPLE TOP
REJECTION
SELL
R/R 1:3.5
NZDCAD 08/08/2024Weekly:
-Inverse H&S pattern.
-IC rejected.
Daily:
-Inverse H&S pattern.
-Bullish M pattern.
4H:
-Inverse H&S pattern.
-IC.
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
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: Every Moment Is Unique
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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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