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NZDCAD

Falling towards overlap support, could price bounce from here?NZD/CAD is falling towards the pivot and could bounce to the overlap resistance. Pivot: 0.83166 1st Support: 0.82938 1st Resistance: 0.83551 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
NZDCAD Sellers In Panic! BUY! My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0.8327 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8366 My Stop Loss - 0.8301 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD Excellent buy opportunity on this pull-back.The NZDCAD pair gave us a great buy entry last time we looked at it (May 08, see chart below) and made a direct hit on our 0.8500 Target: The price got heavily rejected straight after and just hit the 1D MA50 (blue trend-line) again. The pattern that seems to be prevailing is a Channel Up (blue). The last time we had a Higher High rejection on its top, the pair pulled-back to the 1D MA200 (orange trend-line) and then made a short-term bounce to the Internal Lower Highs trend-line. As a result, we will be using this opportunity to buy and target 0.84500 (just below the symmetrical Lower Highs trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZDCAD: Mind the Traps – Here's Why Traders Lost MoneyIn this eye-opening video, I'll break down how sentiment meters and harmonic patterns can powerfully predict reversals, focusing on NZDCAD. Many traders lost money because they missed these crucial signals, and short sellers got trapped. I'll walk you through the market action in June, showing exactly where I advised the best short positions and the unfortunate backlash of downvotes I received. Now, looking back, it's clear that my analysis was spot-on every time. Join me as I dissect the trades and demonstrate how to avoid common pitfalls using advanced trading tools. Don't forget to like, comment, and subscribe for more insights and strategies to keep you on the winning side. Let's learn from these mistakes and improve our trading together! 🚀💹
Short
by TruthakaWallStreetakaCookie
NZDCAD Trading Opportunity! BUY! My dear followers, This is my opinion on the NZDCAD next move: The asset is approaching an important pivot point 0.8349 Bias - Bullish Safe Stop Loss - 0.8309 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8408 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD ( UNDER DOWNWARD PRESSURE )NZDCAD HELLO TRADERS Tendency the price closer a resistance trendline and trade below turning level, indicating the price is under bearish pressure TURNING LEVEL : a blue line a round 0.837 , which indicates two conditions , the first conditions until the price trade below 0.837 reach a support level , the second conditions the price breaking 0.837 , the price reach a resistance level RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level around 0.842 , when it is created the price by open 4h candle above turning level , selling have already increase at this level SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.832 , buying have already increase at this level PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.837, it will attempt to reach support level at 0.832 , then stable below this level reach 0.828 , if the breaking this level the price trying to reach a resistance level at0.842 ,by open 4h candle above this level reach 0.847 TARGET LEVEL : RESISTANCE LEVEL : 0.842 , 0.847 SUPPORT LEVEL :0.832 , 0.828
Short
by ArinaKarayi
NZDCADThe chart depicts the NZD/CAD (New Zealand Dollar/Canadian Dollar) currency pair on a 4-hour timeframe. Here’s an analysis based on the visual information: Trend Analysis: The pair has been in a downtrend, evident from the series of lower highs and lower lows. A descending trendline (yellow line) is drawn, indicating resistance levels. Order Block (OB): A blue rectangle labeled "OB" highlights a demand zone, indicating a significant area where buyers previously stepped in, causing the price to rise. The price is currently at this order block, suggesting potential buying interest. Support and Resistance Levels: The chart shows potential target levels where the price might face resistance or find support: 0.83900: A minor resistance level where the price might pull back before continuing higher. 0.84545: Another resistance level, which may act as a target for a bullish move. 0.85185: A key resistance level; breaking this would indicate a stronger bullish trend. 0.86000: A major resistance level where significant selling pressure might be expected. 0.87000: A higher target level, indicating a strong bullish move if the price reaches this area. Current Price Action: The price is hovering around 0.83281, showing a small decline. The price has just hit the support zone marked by the red rectangle below the current price, suggesting potential buying pressure. Potential Trade Setup: Long Position: If the price holds at the current support level (around 0.83200) and starts showing bullish signals, it could be a good entry point for a long position targeting the mentioned resistance levels. Stop Loss: Below the recent low (around 0.83000) to manage risk. Indicators: No indicators are visible on the chart, but incorporating some (like RSI or MACD) could provide additional insights into momentum and trend strength.
Long
by Tdawly_Official
5
Overlap support ahead?NZD/CAD is falling towards the pivot which acts as an overlap support and could bounce from this level to the 1st resistance. Pivot: 0.83496 1st Support: 0.83107 1st Resistance: 0.83993 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Heading into overlap resistance, could it reverse?NZD/CAD is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 0.83992 1st Support: 0.83442 1st Resistance: 0.84341 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
NZDCAD: Policy Divergence Favoring the KiwiHello Traders, In today's trading session, we are keeping a close watch on NZDCAD for a promising buying opportunity around the 0.83900 level. After experiencing a prolonged downtrend, NZDCAD has successfully broken out and is currently in a correction phase. This correction is bringing the pair closer to a critical support and resistance zone at 0.83900, making it a prime area for potential buy entries. The ongoing policy divergence between the Reserve Bank of New Zealand (RBNZ) and the Bank of Canada (BoC) adds an extra layer of favorability for the NZD over the CAD. The RBNZ's more accommodative stance compared to the BoC's policies provides a supportive backdrop for the NZD, further bolstering the case for a buying opportunity at this level. Trade safely, Joe
Long
by JoeChampion
3
NZDCAD Will Go Higher! Long! Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.842. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.846 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZD/CAD: Capitalizing on RBNZ Stability and BoC DovishnessHello Traders, In the coming week, we are closely monitoring NZD/CAD for a potential buying opportunity around the 0.84090 zone. NZD/CAD is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 0.84090. This level has historically served as a significant pivot point for price action, making it an attractive entry point for long positions. From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a steady stance and is not looking to cut rates anytime soon. In contrast, the Bank of Canada (BoC) seems to be on pace to cut rates, given the easing inflationary pressures in Canada. This divergence in monetary policy favors the NZD over the CAD, adding strength to our bullish outlook on NZD/CAD. Additionally, the overall bullish sentiment in the stock market could further benefit NZD/CAD due to the positive correlation between risk-on environments and NZD strength. This confluence of technical and fundamental factors makes the 0.84090 zone a strategic area to look for buying opportunities in NZD/CAD. Trade safely, Joe
Short
by JoeChampion
11