NZDCAD trade ideas
NZDCAD Possible Short PositionBBMA OA Strategy:
H1 - Candle close below MALO
M15-CSM (when candle close outside the Top/Below BB )
M5 - wait for Reentry (MAHI or Fib Ret)
Note:
* 1:3 RRR (10 sl, 30 tp)
*TAYOR
NZDCAD Strong Bearish Outlook {Alpha Forex}NZDCAD PRICE FORECAST;
FOREXCOM:NZDCAD Bearish Outlook
Technical Analysis:
NZDCAD has repeatedly encountered resistance at the 0.8400 level, following a significant period of consolidation. The recent breakdown of the upward trendline is a clear indication of a potential shift in market sentiment. Furthermore, the bearish momentum is underscored by the 200EMA and 50EMA golden crossover, signaling the initiation of a bearish phase.
Trade Setup:
I have identified key order blocks for a potential sell entry. These order blocks align with the breakdown of the upward trendline and serve as strategic entry points for a bearish position.
Targets:
My technical targets for this trade are set at 0.8100 and 0.7980. These levels are based on a careful analysis of support zones and historical price action.
Risk Management:
As with any trade, it is crucial to implement proper risk management strategies. I recommend setting a stop-loss above key resistance levels to mitigate potential losses in case the market behaves differently than anticipated.
Conclusion:
In conclusion, the combination of resistance at 0.8400, the breakdown of the upward trendline, and the bearish crossover of the 200EMA and 50EMA suggests a strong bearish sentiment for NZDCAD. I have drawn order blocks for entry sell, with technical targets set at 0.8100 and 0.7980.
NZDCAD Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8278
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8237
Safe Stop Loss - 0.8304
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZD/CAD are you ready?NZD/CAD a nice pullback in the liquidity zone, a bounce off .8210 to .9280 and beyond, full analysis for Members'. Chris
NZD/CAD Outside BarNZD/CAD a break of the downtrend line, is likely see the price bounce in the coming hours/days, support is 81.90 where these is the Liquidity Zone where we could see a grab. Chris
NZDCAD H4 | Bullish bounceNZDCAD pair could bounce off the buy entry and rise to take profit level
Buy entry is at 0.81982 which is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 0.81587 which is a level that sits above the swing-low support.
Take profit is at 0.82763 which is a multi-swing-high resistance level.
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NZDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: After change of character here we can see that price started to make higher lows and higher highs, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.82000.
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NZDCAD ANALYSIS Price is looking to continue up to green zone. If this continues coming down we could see buys then potentially back to sells
nzdcad buy positionIn the daily timeframe, we have a strong impulse wave, after which we had a price correction. We are witnessing the failure of the reform process. In the 4-hour time frame, the price can break the specified resistance level, we expect the price to grow to the specified range as the first target.
NZDCAD: Bearish Continuation
Balance of buyers and sellers on the NZDCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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NZDCAD Is Going Down! Short!
Take a look at our analysis for NZDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.827.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.825 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDCAD Trading Plan - 11/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect NZDCAD to go Down from these levels.
Potential correction is almost completed.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NZDCAD: Local ShortPrice is rising towards a very strong resistance zone which also aligns with the 61.8% Fibonacci retracement.
Since we're currently in a downtrend, I believe a rejection from this level could lead the price to fall towards the support level which is also an overlap support.
NZDCADSimultaneous price reaching two important resistance areas can make the idea of selling with a specified target attractive
NZDCAD Sell BiasNZDCAD is a pair that I have on my watchlist for next week. It is at a critical area of value (resistance) and I'm excited for the coming week to get involved in the sells.
✅NZD_CAD POTENTIAL SHORT🔥
✅NZD_CAD grew again to retest the resistance of 0.8286
But it is a strong key level
So I think that there is a high chance
We will see a bearish pullback and a move down
SHORT🔥
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DeGRAM | NZDCAD overextension at resistanceNZDCAD moved out of the descending channel, and it's basically consolidating.
The market broke and closed above the structure shelf at 0.8237 level.
Price is overextended, creating the AB=CD pattern or equal measured move.
We anticipate a bearish move from resistance and the fibo level.
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Exploring the Link Between USD Strength and Bearish NZDCADHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83050 zone. NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83050 support and resistance area.
Adding a fundamental layer to our analysis, it's crucial to consider the impact of USD strength on global markets. A stronger USD often leads to bearish sentiment in global stocks due to its negative correlation with risk assets. As investors flock to the safety of the US dollar during times of uncertainty, riskier currencies like the New Zealand dollar (NZD) tend to weaken. Consequently, bearish sentiment in stocks can translate into downward pressure on NZDCAD as traders seek safer havens.
Trade safe,
Joe.
