NZDCAD Wave AnalysisHello Traders, Base on technical and wave analysis we see this scenario for #NZDCAD for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
NZDCAD
NZDCAD What Next? SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8160
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8110
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDCAD - Finally A Bullish Breakout!Analysis:
Bullish Confluences
Longer term bearish trend broken
Recent strong bullish strength
Retesting an area of significance
38.2% fib retracement level lining up
Falling wedge pattern completed
The NZD is the 4th weakest major currency whereas the CAD is the 3rd weakest major currency
3K long position increase for the NZD
3K short position decrease for the NZD
2K long position decrease for the CAD
Recent CAD news has been bearish
Bearish Confluences
17K short position decrease for the CAD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
NZDCAD Continuation PlayPrice bottomed out mid-September and has been trading in a consolidation since August. After the initial break in the beginning of October, price entered another range (small pullback).
I'm currently seeing an upside breakout coming out of an accumulation. This is an indication that there is a good swing trade opportunity here.
NZDCAD: Return to channel top?Not much to say here other than this pair is ranging, we're back on the descending channel centreline, with a familiar wobble.
and with great recent NZD performance against weakening CAD due to oil prices I think we'll see a continuation of this bullish momentum up to the channel top.
NZDCAD ____ INCOMING BEARISH MOVEHello Guys,
Price has traded into the weekly orderblock and my speculation is a reaction from this order block. Note that price traded into this zone whilst forming a W pattern on the weekly chart.
Also, Price has swept the inducement on its way to the weekly order block.
See my profile for more updates.
Below are correlated pairs.
AUDCAD
EURCAD
GBPCAD
Cheers,
Jabari
NZDCAD's 2:1 Reward To Risk Trade IdeaThis is bullish potential on NZDCAD.
12 hour timeframe is bullish. A new high was made on Friday.
Price can go higher overnight. If it does
we can adjust the take profit.
Stop loss and entry will stay the same.
Stop loss and entry are noted as
Entry: 0.80362
Stop loss: 079827
TP: back up to highs unless price creates new fluctuation in price action.
You can move stop loss lower if you prefer more room for the trade to breathe.
Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind.
Rather this trade wins or losses, I pray God for the opportunity.
If you enjoy this takeaway please like this analysis and share it.
NZDCAD Long Term SELLING Trading IdeaHello Traders
In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD - Continuation Or Breakout?Analysis:
Bearish Confluences
Longer term downwards trend
Retesting an area of significance
The NZD is the weakest major currency whereas the CAD is the 3rd weakest major currency
7K long position decrease for the NZD
15K short position decrease for the CAD
Recent CAD news has been bullish
Bullish Confluences
1K short position decrease for the NZD
21K long position decrease for the CAD
Recent NZD new has been bullish
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80800 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80800 support and resistance area.
Trade safe, Joe.
NZDCADNZDCAD was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.8020 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
NZDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.80700 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80700 support and resistance area.
Trade safe, Joe.
Daily Wave Rider - NZDCAD - SELLNZDCAD
Channel: RED
WK Pivot: RED
AOB: WP
CON: SBB
SELL Stop: 0.79539
Stop Loss: 0.80158
TP01: 0.78920
TP02: 0.77682
DWR present as a sell setup on 22SEP, with Channel and Pivot are red bouncing of weekly pivot
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: BUY
Reference to our WK38 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
Daily Wave Rider - NZDCAD - SELLNZDCAD
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.79628
Stop Loss: 0.80268
TP01: 0.78988
DWR present as a sell setup on 18SEP, with Channel and Pivot are red bouncing of weekly pivot
However, trade is not taken/considered as it is not within our trading rules.
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: BUY
Reference to our WK38 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
NZDCAD HOURLY SUPPORT AND TREND BREAKOUTNZDCAD confirms a breakout on the bearish trend formed under hourly timeframe. Here we see a strong support created on the bottom which is also being supported back to the upside momentum. Expecting a decent bullish rally ahead which may retest the previous swing high formed.
BluetonaFX - NZDCAD Trendline Break SHORT IdeaHi Traders!
NZDCAD is on the trendline support, and there is an opportunity for short entries leading to a possible support break.
Price Action 📊
Market swings filled with lower highs and lower lows consistently for the past eight weeks. The market has also failed to close above the 20 EMA for the past three weeks, showing a current lack of bulls in the market.
We are looking for a momentum break and a close below the support trendline.
Fundamental Analysis 📰
New Zealand recently announced worse PMI figures, leading to fears of a worse-than-expected GDP figure tomorrow.
Support 📉
0.79725: SUPPORT TRENDLINE
Resistance 📈
0.80261: 20 EMA
0.80851: RESISTANCE TRENDLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
NZD/CAD Gave Yesterday +60 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDCAD: Bearish Trend Will Continue 🇳🇿🇨🇦
NZDCAD is trading in a long-term bearish trend.
However, the market was consolidating the entire August within a horizontal range on a daily.
The support of the range was finally broken last week.
It is an important sign of strength of the sellers, and it indicates a highly probable bearish continuation.
The prices may go lower at least to 0.7936 support
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