NZDCAD - Reversing to bearish - with short market sentimentNZDCAD has formed a head and shoulders pattern on the 15M timeframe. This has been formed at around the 0.618 Fib zone on the 1HR timeframe. Market sentiment is heavily bearish as well. Planning sell stop entry as shown on the chart.Shortby linkwithasad1
Shopping Idea - Stay With MeThere is a good shopping opportunity in this area, stay with meLongby razban_fx0
NZDCAD Will Go Higher From Support! Long! Here is our detailed technical review for NZDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.841. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.845 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
NZDCAD Long (Buy Limit)Entry : 0.84260 TP : 0.85688 (1428 pts) SL : 0.83902 (376 pts) RR : 1 : 4 Expire : June 12nd, 2024 17:00 (UTC +7) Warning : This analysis is not trading advice. Always do your own research and manage your financial risk.Longby TradingSafe_FXUpdated 112
NZDCAD short term longFundamental : The Bank of Canada recently lowered its interest rates, impacting the value of the Canadian dollar. This dovish stance by the BOC has created a supportive environment for the NZDCAD pair to appreciate. Technical Analysis : The NZDCAD chart showcases a significant bullish potential, highlighted by a successful break above a key resistance level. Key technical observations include: Break of Key Resistance : The pair has convincingly broken above the resistance level, indicating strong bullish momentum. This breakout suggests that the market sentiment has shifted in favor of the New Zealand dollar. Support and Resistance Levels : Following the breakout, the previous resistance level now acts as support. This level should be monitored for potential retests, which could offer buying opportunities. Outlook : Bank of Canada’s Dovish Stance : The recent rate cut by the BOC has weakened the Canadian dollar, contributing to the bullish trend in NZDCAD. Continued dovish signals from the BOC could further support this trend. Market Sentiment : Investors are likely to favor the New Zealand dollar over the Canadian dollar in the short term, given the supportive monetary policy environment in Canada. Conclusion : NZD/CAD is exhibiting strong bullish momentum, driven by a technical breakout above a key resistance level and supported by the Bank of Canada’s recent interest rate cut. Traders should watch for retests of the broken resistance level for potential buying opportunities, while also considering the overall market sentiment and central bank policies. Longby Metow1sw4
NZDCAD-Bearish TrendNZDCAD was in bullish trend and respecting bullish trend line. after appearance of Bearish divergence, it has broken Previous HL level as well as Bullish Trend line. After bearish breakout, the price retraced upto 38% fib level as well as testing bullish trend line. it is expected that from here sellers may get strength and price may go downShortby ALIHAMID1
NZD_CAD LONG FROM SUPPORT|BUY| ✅NZD_CAD is trading in An uptrend and the pair Made a bearish correction Then retested the horizontal Support of 0.8400 from where We are already seeing a Bullish reaction so we will Be expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx113
NZDCAD LONGPrice Action Trading Daily Bias Bullish H4 Bearish, Price retrace back to fibonacci 61.8% level and rejected from previous resistane level. possible turn support. In H1 TF, Price broke a H1 resistance neckline and close above. A reversal H&S pattern formed. Set a long trade at the broken resistance and target Daily Swing high with R:R 1:4 Fundamental data align with trade set upLongby royschen072
NZDCADNZDCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals4
NZDCAD: Bullish Trend Continues 🇳🇿🇨🇦 Last week, NZDCAD corrected to a key daily horizontal structure support. This morning, we see clear sign of strength of the buyers - a bullish breakout of a narrow horizontal range on an hourly time frame. It looks like the pair returns to a global bullish trend and a correction is over. Goals: 0.8435 / 0.845 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader115
NZDUSD Bullish for the upcoming weekWe have two POIs looking to take NZDCAD for a bullish run.Longby CAPITALPFX0
NZDCAD - Bearishness in sightNZDCAD is forming bearish divergence and a rising wedge pattern. No bullish continuation pattern observed. Price may fall after breaking previous HL which could be your entry point.Shortby AnalytixEdgeByQasimUpdated 8
NZDCAD is approaching the trend againHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83600 support and resistance area. Trade safe, Joe.Longby JoeChampion5
NZDCAD - Sell StopNZDCAD - Sell Stop Bearish Divergence + Rising Wedge chart pattern shows signs of trend reversal and the price will continue to move down if the previous higher low is broken.Shortby Alee_KolachiUpdated 5
Loonie Strengthens Following Canadian Jobs DataFollow up video from yesterday's Loonie forecast. See previous below Short02:33by Michael_Harding2
NZDCAD: DT Curve AnalysisBased on the 4D Chart SSO2 @ 0.8404 ⏳ SSO1 @ 0.8355 ⏳ TP1 @ 0.8263 TP2 @ 0.8185 TP3 @ 0.8128 TP4 @ 0.8039 BLO1 @ 0.8018 ⏳ BLO2 @ 0.7966 ⏳ ADDITIONAL INFO: ⏱ It's prime time for a short BABY. 🤑 Get it while the getting is good. This is an Intermediate Time Frame trade (4 hours to 6 day): — Offers a clearer picture of the underlying trend compared to short-term frames. — Provides more opportunities for confirmation signals and technical analysis. — Allows for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders. 🔑 BLO = BUY LIMIT ORDER DT = DOWNTREND SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFITShortby ProfessorCEWardUpdated 227
NZDCAD: Bearish scenarios...! (Details on caption) By checking the hourly NZDCAD chart we can figure out that the bearish scenario is high probability. the price cleared the liquidity above the daily candle and then shifted the market structure and also had a bearish reaction to the bearish order block. Now, we can see the sell side liquidity which formed as equal lows, trend line liquidity, and daily FVG which can be our last target. For seeing this bearish move I can expect two scenarios that you can see on the chart. First, the price can move down from here. second, because of the clean buy-side liquidity we can expect the price to sweep the liquidity first and then move down. (I prefer to follow this scenario) As always we need LTF confirmation for entry. 💌It is my honor to share your comments with me💌 🔎 DYOR 🗓️07/06/2024 💡Wait for the update!Shortby VahidTradingCRUpdated 117
NZDCAD - ShortDear Traders, this is my opinion on NZDCAD. always follow your trading plan and apply proper risk and money management stay safe!Shortby Integrity_GoldFX1
NZDCAD selli'm looking for a long term sell on this pair if all confluences are through,i'll post it here just sharing an idea tho,Shortby PipWise13
NZDCAD is in bullish rallythe pair respects the trend line and with no divergence it is retracing means it will bounce back from on of three fib points to make new HH and HLLongby faisal-101441
NZD CAD - Long Set upIt Looks Like A Bull Flag On 1h Ime Frame. Once My Entry Triggers, I Will Keep My Stoploss On Prominent Lows And Adjust Tp's According To Risk - Reward. Buy Stop / Entry - 0.84957Longby BullBearBTC10