NZDCAD trade ideas
NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.835.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.828 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.
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NZD/CAD H4 | Pullback resistance at 23.6% Fibonacci retracementNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8374 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.8420 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.8295 which is a swing-low support.
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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%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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NZD/CAD "Kiwi-Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist NZD/CAD "Kiwi-Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30 min timeframe
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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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!
Thank you and Good Luck!
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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
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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.
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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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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.
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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