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NZDCAD trade ideas

TradeCityPro | NZDCAD : Approaching Key Support Levels👋 Welcome to TradeCityPro! In this analysis, I will review the NZDCAD forex pair for you. The analysis will be conducted on the daily timeframe. 📅 In this timeframe, a gradually sloping upward channel can be observed, with the price currently positioned near the bottom of the channel. The nearest support level to the current price is at 0.81376. 🧩 If the RSI manages to stabilize above 56.22, upward momentum could enter the market, allowing the price to potentially move towards the 0.83869 level. 📈 If 0.83869 is broken, the next resistance level will be at 0.86836, which approximately overlaps with the upper boundary of the ascending channel. 🔽 In the bearish scenario, as mentioned earlier, the first support level is 0.81376, and if this area is broken, the next support level will be 0.79789, which is one of the strongest support zones on the chart. 🔑 Overall, considering the more bearish momentum and the gentle slope of the ascending channel, I believe the likelihood of the channel breaking downward is quite high. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
8
NZDCAD Breaks Through Descending Broadening Wedge PatternNZDCAD Breaks Through Descending Broadening Wedge Pattern NZDCAD is breaking through a descending broadening wedge pattern, indicating bullish momentum and potential further growth. The price may linger in the current zone, given the empty economic calendar. However, movement is expected to begin soon. Let's see how the NFP data tomorrow will impact the market. The first resistance zones will be found near 0.82900 and 0.8350 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
8
Monthly CLS, Model 1 is forming. Target 50% of rangeMonthly CLS, Model 1 is forming. Target 50% of range. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. Monthly view What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by David_Perk
6
NZDCAD "Team, Our analysis suggests that the NZDCAD currency pair is poised for a potential upward move. We recommend buying NZDCAD at the current market price. Key reasons for this recommendation: - Technical indicators are showing bullish signals - Market sentiment is shifting in favor of the New Zealand dollar - Economic fundamentals support a potential appreciation of the NZD Please execute the buy order at your earliest convenience. Risk management: - Set stop-loss - Set take-profit Let's work together to capitalize on this potential trading opportunity.
Long
by D-WISE-FX
NZDCAD Will Explode! BUY! My dear friends, My technical analysis for NZDCAD is below: The market is trading on 0.8226 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8256 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2