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Nzd-cad

NZDCAD bearish continuation | 28th Oct 2021Price is abiding to the descending trendline, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 78.6% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement . Our bearish bias is further supported by the RSI indicator where it is abiding to the descending trendline resistance. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Short
by FXCM
2
NZDCAD bearish continuation | 28th Oct 2021 Price is abiding to the descending trendline, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 78.6% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement. Our bearish bias is further supported by the RSI indicator where it is abiding to the descending trendline resistance. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Short
by Rockqet
NZD/CAD | TECHNICAL ANALYSIS ! DOWNTREND | SHORT SETUP 🔔Bank of Canada, Macklem: It will take more time for inflation to decline. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
2
NZDCAD - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. NZDCAD is sitting around a daily support zone so we will be looking for buy setups on lower timeframes. on M30: NZDCAD is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , NZDCAD would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
3
NZDCAD - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. NZDCAD is approaching daily support in green so we will be looking for buy setups. on H1: NZDCAD is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, NZDCAD would be overall bearish can still trade lower in the green support. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2
NZDCAD Facing bearish pressure | 25 Aug 2021NZDCAD is holding below descending trendline resistance within a larger triangle consolidation pattern. A short term drop below our entry at 0.87642 towards triangle support at our take profit level of 0.87218. Stochastic is testing resistance where price dropped in the past as well. 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, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
NZDCAD on a bear flag 🦐NZDCAD on the 4h chart has broke as expected the ascending channel. The price is now moving in a bear flag and according to Plancton's strategy if the market will break below we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
6
💡Don't miss the great sell opportunity in NZDCADTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.8817). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 33. Take Profits: TP1= @ 0.8760 TP2= @ 0.8724 TP3= @ 0.8678 TP4= @ 0.8661 TP5= @ 0.8632 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
6
💡Don't miss the great sell opportunity in NZDCADTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.8817). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 33. Take Profits: TP1= @ 0.8760 TP2= @ 0.8724 TP3= @ 0.8678 TP4= @ 0.8661 TP5= @ 0.8632 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
COT CURRENCY REPORTAUD, NZD & CAD: It’s important to keep in mind that since the RBNZ meeting took place on Tuesday, we won’t see a lot of the upside in the currency we had this past week reflected in the CFTC data as yet. After the hawkish tilt by the bank as well as the solid beat in Q2 CPI data, expectations for hikes this year have risen substantially, and barring any major risk off tones we would expect a favourable environment for the NZD going into the August meeting. For the CAD, the fact that we it was one of the biggest position unwinds makes a lot of sense, as it shared a similar fate with the other two biggest net long currencies among the majors (EUR and GBP). The bias for the CAD remains tilted to the upside, but with a lot of the positives already reflected in the price, it will take a lot more positive news to see more meaningful upside in the currency. For the AUD, the virus situation is a negative driver to keep on the radar. Two of the largest cities in the country is already in snap-lockdowns, and further aggravation of the situation could develop into a key sentiment driver in the short-term, so definitely one to watch. JPY, CHF & USD: The JPY saw quite a sizeable lift in terms of positioning, with another big batch of short positions being dumped. The hefty increases in short-term positioning over the past few weeks was arguably driven by the fundamental outlook, partly driven by summer liquidity ramping up carry trade activity. Thus, the currency is always going to be vulnerable to see some of that unwind, especially when we have bouts of risk off flows as we’ve seen occur over the past two weeks. For the US Dollar, as the fundamental bias remains neutral and as we are well within the summer liquidity period, the main driver for the USD has been the incoming economic events as expected. This past week we had Fed Chair Powell’s testimony where his persistent dovish tone, despite rising inflation data, saw some minor downside in the greenback, but retail sales also saw some additional excitement. This week will be a very quiet one for the Dollar in terms of events, so be on the lookout for Fed speak, and also keep track of the overall risk sentiment. GBP: Doves turning into hawks. This past week saw some very interesting comments coming out from the more dovish leaning members of the BoE, with BoE’s Saunders paving the way expectations that the bank could announce an early end to their QE program at their next meeting. This saw decent upside in Sterling, as it confirmed the market’s ongoing expectations that the BoE will be reducing accommodative policy in the weeks ahead, but also due to the fact that these hawkish comments came from a dovish member of the bank. This week we look to comments from BoE’s Haskel who is considered as the most dovish member of the bank. If he paints a similar picture to that of Saunders, the markets will arguably be quick to price in a tapering announcement for the upcoming meeting. Keep in mind the upside in Sterling occurred at the latter part of the week which means the CFTC data does not reflect it. The big reduction in net-longs is in line with more unwind in the biggest net-long positions versus the US Dollar. EUR: Despite the big reductions we’ve seen in EUR net-long positioning, the currency remains the biggest net-long position versus the greenback among the majors. With the Dollar’s fundamental outlook turning more neutral, the outlook for the EUR remains tilted to the downside. Majority of the upside in the EUR from expectations about a EU economic recovery going in Q3 was already reflected in the price before the recent FOMC meeting, which left the EUR exposed to lots of downside from a positioning point of view. Even though the bias for the EUR remains weak bearish, the amount of one-sided price action post the June FOMC meeting has seen the currency lose a lot of ground, which means we do want to be mindful of some reprieve from some possible mean reversion. This week we have the July policy meeting which was made more important by comments from ECB President Lagarde who stated that markets can expect updated forward guidance at the meeting in line with their new strategic framework, even though Friday sources pieces suggest otherwise. *This report reflects the COT data updated until 13 July 2021.
by thunderpips
2
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8778). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 0.8812 TP2= @ 0.8843 TP3= @ 0.8861 TP4= @ 0.8886 TP5= @ 0.8911 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡Don't miss the great buy opportunity in NZDCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8778). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 0.8812 TP2= @ 0.8843 TP3= @ 0.8861 TP4= @ 0.8886 TP5= @ 0.8911 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5