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NZDCAD

NZDCAD - 4H bullishLet’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm predicting another climb, targeting at least the previous high. Stay tuned to see how this plays out in the live market
Long
by Sober_Trading
2
NZDCAD The Target Is UP! BUY! My dear followers, I analysed this chart on NZDCAD and concluded the following: The market is trading on 0.8320 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8349 Safe Stop Loss - 0.8303 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse. We're expecting NZD strength so we can assume that NZDCAD has bottomed out. Trade Idea: - Watch for BOS, trendline break or reversal pattern on lower timeframe - invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level - Targets: 0.85 (500pips), 0.88 (800pips) Goodluck and as always, trade safe!
by WicktatorFX
2
7 Dimension Analysis for NZDCAD 🕛 TOPDOWN Analysis - Navigating a Complex Market Structure Overview: Monthly observations reveal a cautious market, with a bearish internal structure emerging after a previous corrective move. Weekly charts, however, present a conflicting scenario, showcasing a lower high and hints of bullish momentum. The confusion intensifies as prices linger around a crucial resistance area. A sell-focused strategy is recommended due to the proximity to significant resistance. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: BoS (Breakout of Structure) 🟢 Swing Move: Corrective move completed at a premium area, marked by an IFC candle. 🟢 Inducement: Awaiting confirmation at a potential high. 🟢 Pull Back: Anticipating a retracement to the inducement level. 🟢 Internal Structure: Bears waiting; marked by supply, distribution, and rejection at a crucial level. 🟢 Supply/Distribution/Premium Areas: Intense interaction with a strong rejection at the resistance area. Trendline importance emphasized; waiting for a break and a close below. Traps: Evident, as prices attempt to surpass the area but struggle to sustain. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal Potential double top patterns; not classic but significance lies in key candle patterns and price movements. Shakeout reversal observed. 🟢 CANDLE PATTERNS Notable Observations: Bullish candles appearing but failing, marked by a pin bar reversal. Long wick candles, inverter hammer, and a gravestone doji present. 3️⃣ Volume: Significant volumes observed at the end of the corrective move. Low volumes during the rejection at the supply area; unclear picture. 4️⃣ Momentum RSI: 🟢 RSI in Super Bullish Zone: Signifies heavy momentum. 🟢 RSI Range Shift: Successful shift from sideways to bullish, indicating robust momentum. 🟢 Divergence: No clear divergence yet; momentum favoring bulls. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band Support: Price above the middle line. 🟢 No Squeeze or Consolidation: Indicates ongoing momentum. 🟢 Dual Band Derivation 1: Favorable for bulls. 6️⃣ Strength Rate of Change: NZD stronger than CAD. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Trendline ☑️ Candles Behavior: Favorable ☑️ Triangle Breakout: Awaiting confirmation. ☑️ Final Comments: Buy at the breakout, based on momentum and volatility. 💡 Decision: Initially a buy entry based on the current corrective move; if it fails, consider a reversal entry. 🚀 Entry: 0.8309 ✋ Stop Loss: 0.8266 🎯 Take Profit: 0.8427, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO. 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 3 days SUMMARY: The analysis navigates a complex market structure with conflicting signals on the monthly and weekly charts. The suggested approach is cautious, leaning toward a sell strategy due to the proximity to significant resistance. The daily analysis provides detailed insights into patterns, candle formations, and volumes. The buy entry is considered with specific conditions and exit strategies. This is a corrective move or contra trend entry
Long
by Optimum369
2
NZDCAD Buyers In Panic! SELL! My dear followers, I analysed this chart on NZDCAD and concluded the following: The market is trading on 0.8347 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8282 Safe Stop Loss - 0.8384 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental news: On Wednesday will be released Cash Rate on NZD. As well on Thursday will be released monthly GDP on CAD and on Friday Unemployment Rate on CAD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD