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NZD/CAD

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NZDCAD trade ideas

Bullish rise?NZD/CAD has reacted off the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 0.83460 1st Support: 0.829488 1st Resistance: 0.84189 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.
Long
by ICmarkets
NZDCAD POTENTIAL LONG OPPORTUNITY Hello amazing people! Just wanted to come on here and make a post for the week on a potential upcoming opportunity I see on the NZDCAD currency cross. Potential bounce play if not new high play on the weekly coming into play so let's see what the market gives us but let's dive in!! OK so when zooming out on the higher TF I saw that in 2022 NZDCAD made a huge run to the upside creating multi-year highs. Following this move we saw a long term corrective move coming in A LOT weaker and slower then that buyer push we saw. Something else I'm realizing on the weekly timeframe now is actually price forming subtle higher highs and higher lows on price on the weekly showing me a potential shift coming into play. This is what built my BIAS for a potential upside opportunity on this pair! OK so when looking at the weekly and daily timeframe I was looking for some areas of demand to support this higher timeframe bias that I am formulating based on price action. When looking at the weekly and daily timeframes I found the 0.81700 demand zone as the strongest and highest confluence zone to see a bounce to the upside from! You can see the 78.6 (discount) fib level is aligning with the weekly/daily point of demand I have marked off as well on the charts. Now I am waiting to watch how price comes into that level and if it can give me any more price action confluence to make this trade a little more juicy! ALRIGHT GUYS! Hope you enjoyed!! Please boost this post and follow my page for more accurate analysis and trade setups! Love you all. God Bless!
Long
by JosePips
2
NZDCAD This MA squeeze giving a strong Buy Signal.The NZDCAD pair has been trading within a long-term Channel Up pattern, currently sitting above bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The upcoming squeeze of the two MA periods was last time a confirmation that the Bullish Leg that started would continue. That rally peaked on June 12, just above the 1.236 Fibonacci extension. As a result, even though we are practically half-way into the current rally and the potential return is now less, we turn bullish on this pair, targeting 0.85650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1