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NZDCAD

NZDCAD Buy settupHello, as we can see from a daily perspective, the trend was a downtrend until the price reached and rejected the support level. On 4H, we can see the formation of higher highs and higher lows indicating the structural change from a bearish to a bullish structure. On 1H, the price is moving in ascending trendline where it has already made two touches on the trendline and broke above the support level. My bias for NZDCAD is bullish so I will wait for the price to retest the support level which is also a 50% - 60% Fibonacci retracement level and make a third touch of ascending trend line if there will be confirmation I will take a long position.
Long
by UnknownUnicorn4558066
NZDCAD - 4hrs ( Buy Trade Target Range 160 PIP )💲Pair Name :NZD/CAD 🗨Time Frame : Daily ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ↗️ Long ) Type : Mid Term Swing ——————————— 🔰Bullish Break 0.83250 Area Reasons 🔘- Major Turn level 🔘- Visible range Hvn 🔘- Channel Break Out 🔘- Day / Week High Break 🔘- Fixed Poc Area 🔰Bearish Reversal 0.84800 Area Reasons 🔘- Major turn level 🔘- Inner down Trend 🔘- Visible Range Poc 🔘- Fixed Range Lvn
Long
by GoldenEngine
NZDCAD ideaNZDCAD trend is bearish. But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as a resistance and pullback to this level can be prepared to a buy opportunity. But if we don't consider the demand area and give more credit to the descending channel and sellers' pressure, the price reaching the 0.833 area can be attractive for reselling. In this case, the next demand area at 0.815 rates can be your Take profit.
by Alisabbaghi
NZD/CAD Pair Falls on Soft Inflation and Stronger USDDuring the first half of the European session on Friday, the NZD/CAD pair experienced significant selling pressure for the second consecutive day, leading to a five-week low. The NZD was particularly affected by the release of domestic consumer inflation figures on Thursday, which were softer than anticipated, resulting in a less hawkish stance by the Reserve Bank of New Zealand (RBNZ). On the other hand, the Federal Reserve (Fed) is expected to continue raising interest rates, benefiting the safe-haven US Dollar (USD) amidst a softer risk tone. Consequently, the NZD/CAD pair decreased on the last day of the week. Based on technical analysis, there was a breakout of a bearish pattern within a Bearish channel after a pullback on the 61.8% Fibonacci level and the Dynamic trendline of the upperside of the channel, suggesting a potential AB=CD Pattern of continuation. As a result, it is possible that the NZD/CAD pair will continue to decrease over the next few days.
Short
by FOREXN1
9
NZDCAD Technical Analysis and Trade IdeaThis video is an in-depth analysis of the EURUSD, concentrating on its recent trading patterns. The video covers the impact of the EU reaching a significant resistance level and the presence of a price gap below it. These factors could trigger selling activity. Throughout the video, various topics are discussed, including trend analysis, price action, market structure, and price gaps. Additionally, a potential trade opportunity is briefly touched upon.
Short
by fxtraderanthony
NZDCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalances higher and then to reject from bearish order block + institutional big figure 0.84000. Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released quarterly CPI on NZD which was forecasted to increase this means strength of currency and validation of our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
1
NZDCAD 17/APR/2023NZDCAD has formed a bearish channel pattern, price has been consistently moving downwards within a defined channel. Currently, the price is approaching the support level of the bearish channel, which is a price level where historically the price has tended to bounce upwards. This suggests that there is a possibility of a price rebound or bounce upwards from the support area, based on historical price behavior. Traders may interpret this as a potential buying opportunity, as the price could potentially move higher from the support level.
Long
by DNP-FX