NZDCAD SHORT
Market structure Bearish on HTFs 30
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Strong Resistance level on the Weekly TF
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 0.84500
H4 EMA retest
H4 Candlestick rejection
Levels 8.41
Entry 100%
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CADNZD trade ideas
NZD/CAD "Kiwi-Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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NZDCAD at the Beginning of a New TrendNZDCAD at the Beginning of a New Trend
NZDCAD reached its lowest price at the end of July 2024, near 0.8120. Since then, NZDCAD has been in a bullish trend for exactly two months. However, in the last two days, the price has decreased significantly by nearly 200 pips, influenced by Powell’s comments and the ongoing conflict between Israel and Iran.
Given this recent movement, the odds are high that we are at the beginning of a new trend. We might see NZDCAD make some corrections before potentially moving down further to 0.8300 and 0.8200.
You may find more details in the chart!
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Potential bullish rise?NZD/CAD is reacting off the pivot which has ben identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 0.83331
1st Support: 0.82507
1st Resistance: 0.84292
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD View!!In addition, there is the global economy to worry about and the signals from oil and other commodities are poor. Brent and WTI today settled at the lowest since 2021, iron ore has plunged lately and copper is back to $4/lb.
Finally, the yen carry trade isn't showing any signs of recovery after the battering in August. If anything, the growth-sensitive trades are flagging the risk of another leg lower.
Bearish reversal?NZD/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 0.84210
Why we like it:
There is an overlap resistance level.
Stop loss: 0.84707
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 0.83229
Why we like it:
There is a pullback support level.
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A STRONG SELL SETUP FOR THE NZDCAD THE PAIR SEEMS TO BE IN STRONG BEARISH MOMENTUM.
The New Zealand dollar is fundamentally weak and and Canadian Dollar is strong where as in accordance with the DOW theory NZDCAD is also in bearish trend as per our trading Strategy of Monday Blues.
What are your views ?????
NZDCAD trade based on H&S pattern
NZDCAD trade based on HEAD and SHOULDERS pattern. We can see price is try to go bullish on 6.9 in 19h, and its revers in another day we are can saw strong bearish candles, which me represent bearish volumen gathered. On end of 10.9 we can see some interested candles like shooting star and bearish engulfing which can be good signs.
+Bearish expectations after todays CPI events
TP: 0.82450 (80)
NZDCAD: Long Trade Explained
NZDCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCAD
Entry Point - 0.8406
Stop Loss - 0.8359
Take Profit - 0.8485
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCADA falling wedge is a technical analysis chart pattern that signals a potential bullish reversal. It occurs when the price of an asset consolidates between two downward-sloping trendlines, where the upper trendline (resistance) is steeper than the lower trendline (support). The pattern indicates that the asset's price is making lower highs and lower lows, but the rate of decline is slowing, suggesting a potential breakout to the upside.
Bearish drop?NZD/CAD has reacted off the pivot which has been identified as a pullback support and could drop to the 1st support level that acts as an overlap support.
Pivot: 0.84367
1st Support: 0.83700
1st Resistance: 0.84969
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.