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NZDCAD

NZD/CAD: Bearish consolidation still in play?From a technical point of view, $NZD/CAD pair could be attractive in near term. If we look at 2H chart we see the main trend is still bullish, but at the same time the potentially corrective structure may not be over yet. If this analysis is correct, our idea is to sell the pair on all technical rebounds on intraday chart. Target at 0.8150 and 0.8120. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Short
by TheAnonymousBanker
4
NZDCAD | COULD BE A GOOD SELL Hey Everyone! I believe NZDCAD is a good sell because it's in a bearish channel, we have a strong resistance to the upside, our stop loss is covering both moving averages to add another layer of protection. Overall market bias is bearish, after such a push there might be a slight pullback so if you find the trade pullback heavier you can enter for a more favorable risk-reward ratio. I would suggest having 3 take profits bank the first at around 20-30 pips just for the support, and the rest is totally up to you. Good luck!
Short
by FX-TradingLions
Bearish NZDCADThe daily trend is Bullish on the NZDCAD(its trading above the 200 Daily SMA). With that said, there is a retracement playing out going to either the Fibo 50% or the Fibo 61.8%. At the moment it is at the top of a downward channel eyeing the Fibo 50% Also sentiment on the pair is at an astounding 90% long. Sentiment is contrarian so short-term shorts are suggested to at least the Fibo 50% and the bottom of the channel. Entry @ 0.8430 === SL @ 0.8550 === TP @ 0.8225
Short
by forexmilitia
NZDCAD - Round 2 ✅In our last NZDCAD analysis, we achieved a total of 200pips but we could not get past the channel. Price is still somewhat encompassed within the channel. For clarity we've removed the channel so that we can focus on immediate price action. NZDCAD 4H Trade Idea: - Watch for bullish price action on lower timeframe - Entry on break of red trendline - Stops below lows after trendline break - Targets: 0.86 (450pips), 0.88 (650pips) Goodluck and as always, trade safe!
by WicktatorFX
10
NZDCAD Is Going Down! Sell! Here is our detailed technical review for NZDCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.821. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.810 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!
Short
by SignalProvider
2
NZDCAD: Short Term Technical AnalysisThe technical context on FX:NZDCAD pair has become slightly complicated. Last week we tried to follow a Bearish Pattern (see chart below) which although it worked well at first, sucessively invalidated the harmonic structure, so our decision to have a stop at breakeven was correct. That said, in order to follow some interesting Patterns, we need to wait until at least Monday's session to figure out which direction the pair will take in the short term. (Click & Play on Chart below) Trade with care! Like 🚀 if my analysis is useful. Cheers!
by TheAnonymousBanker
NZD/CAD Set To Fall! SELL! My dear followers , NZD/CAD looks like it will make a good move, and here are the details: The instrument tests an important psychological level 0.82276 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Target - 0.81489 My Stop Loss - 0.82720 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
Short
by AnabelSignals
1
NZDCAD 29/MAY/2023The Reserve Bank of New Zealand (RBNZ) recently made a decision to raise interest rates. Normally, when a country raises its interest rates, it tends to strengthen its currency. in this case, the opposite happened in this situation. The price of the New Zealand dollar actually went down because of a dovish statement from the RBNZ. A dovish statement means that the central bank (RBNZ) expressed concerns about the economy uncertainty, causing it to decline in NZD value against other currencies. NZDCAD has formed a bearish channel, which suggests a downward trend in the NZD's value. Given the support area and the bearish channel, there is a possibility that the price of the New Zealand dollar will rebound or increase in value in the near future. Traders and investors will be closely watching this support area to see if the NZD's price bounces back from there. There are several geopolitical, economic, and fiscal policy issues that could potentially impact the rebound of the New Zealand dollar and even push it to drop further. These factors are particularly relevant in light of the dovish statement from the RBNZ. Geopolitical events, such as trade disputes, political instability, or global conflicts, can have a significant impact on currency values. If there are geopolitical tensions or uncertainties that affect New Zealand's trade relationships or create instability in the region, it could put downward pressure on the New Zealand dollar. Economic factors also play a crucial role. If there are indications of a weakening New Zealand economy, such as lower-than-expected GDP growth, rising unemployment, or a decline in consumer spending, it could negatively impact the NZD's value. If there are concerns about inflation exceeding expectations or a deterioration in the overall economic outlook, it could lead to a further decline in the currency. Fiscal policy decisions by the New Zealand government can also influence the currency. If there are indications of expansionary fiscal policies, such as increased government spending or tax cuts, it could stimulate economic growth and potentially support the New Zealand dollar. Conversely, if there are concerns about fiscal austerity measures or a lack of government support for the economy, it could undermine the currency's rebound. Furthermore, any additional dovish statements or actions from the RBNZ could reinforce the downward pressure on the New Zealand dollar. If the central bank continues to express concerns about the economy, hinting at further interest rate cuts or unconventional monetary policy measures, it could erode market confidence and lead to a deeper drop in the NZD's value. The currency market is influenced by a complex interplay of various factors, and predicting its movements with certainty is challenging. Traders and investors should carefully monitor geopolitical developments, economic indicators, and fiscal policy decisions, along with any further statements from the RBNZ.
Long
by DNP-FX
2
NZDCAD Long Term Buying Idea Hello Traders In This Chart NZDCAD HOURLY Forex Forecast By World of Forex today nzdcad analysis 👆 🟢This Video includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video 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.
by forexplanet797