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NZD/CAD

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NZDCAD trade ideas

NZDCAD: Bullish Trend ContinuesNZDCAD has been experiencing a bullish trend on a 4-hour chart since late April, with the price establishing higher lows and following a steady upward trend line. During the most recent trading session, the price reached a new high and closed higher, breaking through a short-term horizontal resistance level. This indicates a strong presence of buyers and suggests a likely continuation of the bullish trend towards the next significant resistance level at 0.8500.
Long
by linofx1
5
NZDCAD...DT Curve AnalysisBased on the 4D Chart SLO @ 0.8393 ⏳ SSO @ 0.8345 ⏳ TP1 @ 0.8255 TP2 @ 0.8179 TP3 @ 0.8123 TP4 @ 0.8037 BLO1 @ 0.8016 ⏳ 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 PROFIT
Short
by ProfessorCEWard
NZD CAD SELL IN UPTREND 1) on daily timeframe we are above a daily order block or resistance or supply area 2) on daily we can see we are now above this order block but still did not break it 3) on four hour time frame we are also on bullish trend and volume as the daily 4) on 30 minutes chart i start to see bearish volume showed in 4 heikin ashi candles that took alot of liquidty shown above the yellow line 4) these 30 minutes red candles change the characters and beark the structre on 5 minute timeframe and the price respect it PAIR : NZD CAD SELL Entry : 0.8381 - 0.8392 stop loss : 4 hour atr value above your entry take profit : 0.8300 If you agree with my analysis please leave like or comment for discussuin
Short
by omar9flower
#nzdcad Elliott wave analysisAs you can see in the chart, it seems like the price has completed the 3rd wave of wave 3 and is now getting ready for a bearish corrective move to form wave 4 of wave 3. During this bearish correction, we could expect the price to retrace all the way towards the static support zone. However, based on the three basic rules of Elliott Wave theory, wave 4 cannot interact with wave 1. As a result, if this labeling is going to materialized, then the price cannot go below 0.82190. And that's where our stop loss could be placed.
by mohemati
NZDCAD potential longNZDCAD is showing promising bullish potential, driven primarily by the dovish stance of the Bank of Canada (BOC) on interest rates. Fundamental Analysis : Bank of Canada's Monetary Policy : The BOC's dovish position on interest rates is a key driver for the NZD/CAD pair. A dovish stance implies that the BOC is likely to keep interest rates low or consider further rate cuts to stimulate economic growth. This approach generally leads to a weaker Canadian dollar as investors seek higher yields elsewhere, thereby increasing the relative appeal of the New Zealand dollar. New Zealand's Economic Outlook : Concurrently, the economic outlook for New Zealand remains robust, supported by steady economic indicators and proactive fiscal policies. This positive backdrop bolsters the New Zealand dollar, making it more attractive against the Canadian dollar, particularly in a low interest rate environment. Technical Analysis : From a technical perspective, the NZD/CAD pair has been trending upwards, recently breaking through significant resistance levels. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are aligned with the bullish trend, suggesting further upward momentum. Conclusion : Considering the Bank of Canada's dovish stance and the favorable economic conditions in New Zealand, the NZD/CAD pair is well-positioned for continued bullish movement. Traders should consider this as an opportunity to explore long positions, capitalizing on the anticipated appreciation of the New Zealand dollar against the Canadian dollar.
Long
by Metow1sw