NZD/CAD Simple Trade PlansNZDCAD has been uptrending for a considerable amount of time.
Risk inflows as a results of weaker USD may be apparent post FOMC later, coupled with a weaker CAD.
Would not be surprised if higher prices reached (Upper TL).
NZDCAD trade ideas
A potential sell opportunityTrend lines have amazing magical powers to them.
This could be a good sell on nzdcad as soon as the price kisses the trend line from below and reverses.
We must first see the signs of reversal on the lower time frames, though. For example, on the 1h & 15m charts.
On the 4h, daily, and weekly, this trend line holding its ground. That's what makes it looks like a place to sell from.
Yes, the price can break out of it and test the higher highs further up, but then again, you can't ignore the magical power of trend lines.
NzdCad Trade IdeaNC is in a solid range with clean structures within the level. Price at the moment is bullish in the range. NC just made a higher high just above resistance but if price can break the bullish structure and come back inside the range shorts may be possible here. Since it's on the range the retest may not happen so I won't be too focused on the pair. Risk:reward would still be solid so we'll see how price moves.
Bearish drop?NZD/CAD is reacting off the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.84183
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.84705
Why we like it:
There is a pullback resistance level.
Take profit: 0.83230
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
5 wave correction setupthe correction is on it's 5th wave, we waiting for the price level 0.84267 to be tapped, if we get a sell setup confirmation, we'll take it!!!
NZDCAD BEARISH TRENDAccording to the RSI indicator trend is going to be reversal so i did,t use FIB tool bcz i want to enter the market early and also ignore the candles
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Stop Loss : Recent Swing Low using 2h timeframe
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NZDCAD making BULLISH FLAg PATTERNNZDCAD is making FLAG bullish pattern ,but wait for break its pole and take ride,put the stop loss below its last Higher low.and risk according to your capital.
Trade idea - NZDCAD Long4H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Buy limit set.
0.75% risk.
NZDCAD ;Bearish narrativethe train took off . join at any reasonable pull back . much room to the downside still
NzdCadI'm personally not a fan of trading tight ranges but the risk:reward still looks solid. I only look for 1:3rr set ups. NzdCad is still bearish so shorts here are definitely possible if we can see a retest on the 1hr. Depending on how the market opens a gain of 45ish pips is possible. At that point I would risk around 15-16 pips for a 1:3rr. I'll definitely be looking for price to break below 0.83200 to continue that bearish run. Daily time frame shows price shifting to the downside so if price does break below 0.83200 we could expect a crash to form a new lower low. The last lower high is on the daily around 0.84100-84000. Weekly candle shows a solid closure below the weekly resistance around 0.83000 as well.
nzd cad trend#nzdcad
downward trend
Price movement in a descending channel
Very important resistance range of 0.8380
We can expect a correction to the support range of 0.83 for the price.
NZDCAD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83300 zone, NZDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83300 support and resistance area.
Trade safe, Joe.
NZDCAD Will Move Lower! Sell!
Take a look at our analysis for NZDCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.838.
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 0.833 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.
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NZDCADWe can attempt to short NZDCAD from specified level as it make LH , also 0.5 FIB level intact , also there is no bullish divergence occur indicate that it moves downward.
SL , TP mention in chart.
NZDCAD Rejects Resistance: Downtrend Set to Continue?Hey Traders,
OANDA:NZDCAD is showing signs of rejecting a key resistance level at 0.84100, with the price currently pulling back within a descending channel. This setup could indicate the continuation of the downtrend.
Current Market Conditions:
Descending Channel: The pair is moving within a well-defined descending channel, suggesting a continuation of the bearish trend.
Resistance Rejection: NZDCAD has tested and rejected the resistance level at 0.84100, which aligns with the upper boundary of the channel.
Bearish Setup: The rejection at this resistance and the downward momentum within the channel point to further downside potential.
Fundamental Analysis/Outlook:
The New Zealand dollar faces headwinds from weaker domestic economic data and global risk aversion, while the Canadian dollar remains supported by stable oil prices. This divergence could continue to pressure NZDCAD lower.
Targets:
TP1: 0.83717
TP2: 0.83318
TP3: 0.82900
Risk Management:
Stop-Loss: Place a stop-loss above the resistance at 0.84100 to protect against a breakout above the channel.
Conclusion:
NZDCAD appears poised for further downside as it continues to respect the descending channel. Watch for a break below the support levels to confirm the continuation of the bearish trend.
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
Trading Insight: "In trading, it's not about predicting the future but about reacting to the present."
Heading into 61.8% Fibonacci resistance?NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84183
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.84705
Why we like it:
There is a pullback resistance level.
Take profit: 0.83230
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDCAD buywe exited manually cause the price reach the entry level.. were going buy now its risky but let see... if you want to sell I suggest you wait...
everything on chart.
maybe i'm wrong but at least were trying
peace
NZDCAD SELL TF H4 TP = 0.8217On the H4 chart the trend started on Sept. 2 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.8217
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
BUY NZDCAD uptrend continuation STOP LOSS : 0.8325BUY NZDCAD uptrend continuation
STOP LOSS : 0.8325
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
NZDCADSouth African time 15:00h I'm expecting to enter immediate sells.
Check more analysis and results in the page.
NZDCAD 2hI'm keeping an eye out for a potential bearish continuation if the price breaks below the support zone on the 2-hour timeframe.
