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NZDCAD

NZDCAD - Uptrend to Downtrend?Hi, Little while since my last fx post! Here we see NZDCAD has followed an up trend from the 28th of Feb until the 20th March. We can see this as it has continually formed higher highs and higher lows through "Channel A" I have been trading on these areas, however when a new lower low formed, this signalled that the uptrend had run its course. The new lower high on the 23rd March was formed, it confirmed a downtrend was beginning. I placed a trend line across the latest higher and lower high to help create an idea of the channel it will follow. This is "Channel B" Alternatively it may still hit the level of resistance as the previous lower Low did. This could mean it would follow through to channel C with little movement through where A and B cross. The trade set up on the chart isn't a trade I have placed, it just gives an idea. Once confirmed, I will start trading on the movement! This is just my own idea, nothing is black and white. Let me know what you think Thanks
by HBSPG
📌 Potential SELL setup for: NZD/CAD👩🏽‍💻Technical: Monthly price action is stuck between two MAs, trending inside a weekly channel, and trying to break the daily lower channel trend. A similar scenario is happening on the 4-hour chart, suggesting some bearish bias in the market. 🎯 For an ideal entry: My suggestions would be to exercise patience and wait until the price has successfully broken through both the channel and daily moving average. Otherwise, there is a chance that the price may rebound upwards.
by fxtraderkristina
A Good Trade to Gain Times The Risk on NZDCADNzdcad has an excellent trend continuation setup coming into play. First, on the daily timeframe, the price is going higher. Second, I see clear signs of higher highs and lows. Next, the price is pulling back. That's great because the further it pulls back, the closer it gets to where I want to enter the trade. I'm using my TMP strategy with a Fibonacci to increase the reward. The reward-to-risk ratio is 2.18, allowing a chance for me to double the profits I can make on the trade. What can invalidate this setup? Well, the only two things that can invalidate this setup are if the price does not touch my limit order and continues higher or if the price stops me from the trade, which I'm okay with. I'm just happy for the opportunity to participate. What about you?
Long
by ShaquanLopez
NZDCAD - Bearish price action ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here I am bearish as we can see that price filled perfectly the imbalance and mitigated bearish order block, as well on MACD we have a normal divergence which indicates bearish price action. Fundamental analysis: Tomorrow we have news event on CAD. It will be released monthly CPI, which was forecasted to remain the same. This news could support our move. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDCAD a buying opportunity 🦐Looking at the 4-hour chart of NZDCAD, we can see that the price has been forming a series of lower lows and lower highs, indicating a downtrend. However, this trend has been interrupted by a bounce off a monthly support level, suggesting a potential trend reversal. After this bounce, the price formed an impulse that took it to a daily resistance level, where it experienced a retracement to the 0.786 Fibonacci level. This retracement is significant, as it often acts as a reversal point for price movements. Since this retracement, the price has formed a new impulse and is currently testing a daily resistance level once again. If the price is able to break above this resistance level, we could see a continuation of the bullish trend. The technical analysis suggests that the price of NZDCAD has the potential to continue its upward movement. Traders looking to take advantage of this potential could consider setting a long order if the price breaks above the daily resistance level according to the Plancton's strategy rules.
by InkyGrip
22
NZDCAD: GO LONG- WAITING FOR RETEST NZDCAD it’s very clear at this point what the Market is saying price action, so we would be buying immediately we get a retest. This trade is actually a 100% buy due to the trading confluence. The strong short-term increase of NZD/CAD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.8490 CAD, a purchase could be considered. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.866 CAD.
Long
by Yurino86
NZDCAD Trend-Following Setup - Analysis #31/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange. Moreover, the zone 0.86 is a resistance and supply zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline. (acting as non-horizontal resistance) As per my trading style: As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
NZDCAD - Multi Time Frame ( Buy Trade Tp Range 250 PIP ) 💲Pair Name : NZD/CAD 🗨Time Frame : 4hrs / Daily / Weekly ➕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 0.85250 Area Reasons 🔘- Major Turn level / D 🔘- Visible Range Lvn / 4hrs 🔘- x2 Trend Line Break Out 🔘- Fixed Range 4hrs / Break 🔘- Daily Channel Middle Break 🔘- Visible Range Hvn Break / D 🔘- Weekly Visible Hvn Break 🔘- weekly Price Action box 🔰Bearish Reversal 0.88000 Area Reasons 🔘- Major Turn level 🔘- Pattern Target 🔘- Premium Area / D 🔘- Major weekly Trend Line 🔘- 3 Q / 2 Q High 🔘- Q / Y High 🔘- Fibo Golden Area
Long
by GoldenEngine
1