NZDCAD M15 IdeaPotential for a bearish pullback on the NZDCAD M15 which could lead to a price movement towards the support level at 0.84100
NZDCAD trade ideas
NZDCAD LONGPrice created new highs and my previous AOi was not retested, Looking for the next push from this current AOi;
Market Structure is Bullish on HTFs 30%
Weekly and Daily at the same AOi
Weekly rejection from AOi
Daily Rejection from AOi
Previous Daily Structure point
H4 Candlestick rejection
Levels 4.03
Entry 90%
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Bearish Harmonic $NZDCAD dailyThe NZDCAD has reached a supply zone, as the daily chart shows. The pattern is valid until 0.84630, above which is the stop-loss. The target is 0.82428. The weekly range high was reached yesterday and today.
NZDCAD LONGMarket Structure Bullish on HTFs 30%
Weekly and Daily at the same AOi
Weekly rejection from AOi
Daily Rejection from AOi
Around Psychological Level 0.84000
H4 Candlestick rejection
Rejection from H4 Previous structure
Levels 5.42
Entry 95%
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
#Follow#Share#Comment#Boost
NZDCAD - Long active !!Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action continuation after price rejected from trendline + liquidity zone + institutional big figure 0.84000.
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NZDCADThis pair is clearly bullish but it needs a retracements as soon as possible.
I´ll look for only to go long.
If price can not reach my interested area before ending of the week I´ll remove the order.
thanks and blessings.
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.
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.
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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.
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.
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 down
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🚀
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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 up
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?
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
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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.
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.
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.
Loonie Strengthens Following Canadian Jobs DataFollow up video from yesterday's Loonie forecast.
See previous below
