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 trade ideas
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.
NZDCAD Will Explode! BUY!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8226 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8256
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDCAD: Bullish Continuation is Highly Probable! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDCAD pair price action which suggests a high likelihood of a coming move up.
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NZDCAD is BearishPrice is in a strong downtrend, and is respecting the descending trendline. With no bullish divergence, and rejection from trendline, it seems that bears are in control of the price action. Targets are mentioned on the chart.
NZDCADhi everyone
here i just speculation to follow the trend
basic technical analysis
disclaimer this is not a signal
be smart
and
save your money
NZDCAD: Bearish Movement in Channel 🇳🇿🇨🇦
NZDCAD is trading within a wide falling channel on a daily.
After a test its resistance, the price formed a head & shoulders pattern on that.
Breakout of the neckline of the pattern indicates a highly probable bearish continuation
within the channel.
Goal - 0.8161
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Bearish drop?NZD/CAD is rising towards the pivot and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.82949
1st Support: 0.81994
1st Resistance: 0.83512
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NZDCAD: Two Possible Scenarios - Resistance Break or Downtrend?NZDCAD is trading at 0.8273 , and we see two possible outcomes depending on how it reacts to the trendline resistance:
Scenario 1: Price Breaks Above the Trendline Resistance
If the price moves above the trendline resistance, it could rise to the first target at 0.8358 .
If it continues upward and breaks this level too, the next target would be 0.8410 .
Scenario 2: Price Fails to Break the Trendline Resistance
If the trendline resistance holds and the price doesn’t break above it, it could drop to 0.8200 .
Key Points
Watch the trendline resistance carefully, it will show whether the price is likely to go up or down.
Look for clear signal, like strong moves or patterns, to confirm the direction.
Always manage your risk with stop-loss orders.
NZDCAD-bias longBullish indications:
Inverted head and shoulder pattern
Support respected at 0.8246
Morning star candle from support in 4 hr
Currently making HHHL in short term.
Trend line support broken
Bearish indications/;
LLLH in higher time frame.
Resistance ahead at 0.8293
Trade plan bias long @ 0.8271
SL:0.8244
TP1:0.8299
TP2:0.8325
NZDCAD Technical Analysis: Bullish Trend Remains IntactHello traders,
I can see that the NZDCAD pair is currently trading at 0.82634, maintaining a bullish trend as price action consistently forms higher highs and higher lows. After a temporary correction from Friday's high of 0.83107 to 0.82495, the pair appears to have resumed its upward trajectory, targeting a breakout above the previous high.
Key Observations
Trend: Bullish, with a series of higher highs and higher lows.
Momentum and Sentiment: Both indicators support the bullish outlook, reinforcing expectations for continued upside.
Key Levels:
Immediate Resistance: 0.83107 (Friday's high)
Invalidation Point: A break below 0.82428 would negate the bullish scenario and signal potential downside risk.
Conclusion
The overall outlook for NZDCAD remains bullish, with momentum and sentiment aligned for a continuation higher. A sustained break above 0.83107 would confirm the bullish trend, while a move below 0.82428 would call for a reassessment of this view.
Do let me have your take.
Cheers and happy trading.
Potential bullish rise?NZD/CAD has bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.82512
Why we like it:
There is an overlap support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.82005
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.83265
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
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PA #1 : NZDCAD BUY 27/11/24 SLFirst Post Analysis
This explain my NZD CAD TRADE
Here is the 3 main questions i answer:
1. what did i do right ?
- Asking the right questions: is there activity/job today ? and if yes, where it is ?
- Identification of fundamental high impact news
- Confirmation of market reaction
- identification of the asset (here NZD)
- Conparision of the market reaction with the overall flow
- Pair selection: pariring with the CAD which was weak plus high market reaction
- Identification of the Power (previous day break and previous session break).
Even if the loss is here, I still bought in the right direction and for a good price
2. what did i do wrong ?
- Was wrong on the timing specifically, entered in a pullback when the sellers were still dominating. Didn't wait for the retest to confirm if the sellers are weak.
- Too much Timeframes (30s) which create confusion.
- Too stuck on a pattern, when the market won't necesseraly show the same way
2. What am I going to change from now
- I will stick to the 2 TF (15 min and 3 min) or 1H and 15 min
- I will wait for the sellers to fail and THEN look for the money spot.
FINAL DAY: -2.76%
OBJECTIF: +10%
Bullish bounce off overlap support?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.82512
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.82005
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.83265
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDCADConsidering the levels of supply and demand, we expect the price to continue moving up to the desired level
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83300 support and resistance area.
Trade safe, Joe.
NZD/CAD Short Price ActionI am trading this idea if we get a nice rejection from the zone with am hammer candle. engulfing, 4 hr pattern and a shift in the structure as well in 1hr or 30 min. this idea you can trade to a risk reward ratio of 1:5. the volume suits the zone perfectly as well.
NZD/CAD AnalysisThe pair is currently respecting a descending trendline, signaling potential continuation of the bearish trend.
🔍 Key Observations:
Price tested the trendline and is showing signs of rejection.
RSI indicates potential overbought conditions, with a likely shift downward.
Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move.
🎯 Plan:
Entry: Around 0.8260
Target: 0.8220
Stop Loss: 0.8290
💡 Watch for confirmation on lower timeframes before entering. Risk management is key! 🚨
Textbook Forex Swing Setups, Do Them Like This!Many factors contribute to long thinking at this current level.
These form the basis for increased probability, based on price action.
NZDCAD Massive Short! SELL!
My dear friends,
NZDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.8275 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8225
Recommended Stop Loss - 0.8305
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
28-11 NZDCAD28-11 NZDCAD it looks like 0.812 is the bottom of this pair. The trend is changing so a long position can be considered. The following signals we have studied: Cot Data -2, Retail sentiment -1, Seasonality 1, Trend reading -2, GDP 2, Manufacturing PMI -2, Services PMI 0, Retail Sales 1, Inflation -1, Employment Change -2, Unemployment Rate -1, Interest Rates 2. We have set a range starting at 0.827.
