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NZDCAD

NZDCAD, H1 | Short term reversalWe're seeing price test a key 78.6% Fibonacci projection + an overlap resistance. We could see a reversal from here that could take prices all the way down to slightly above the 23.6% Fibonacci retracement at 0.8177. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
NZDCAD just confirmed it is going lowerIntroduction: NZDCAD has been exhibiting a consistent pattern of lower lows and lower highs within a descending channel. The recent retest of resistance at 0.8275 presents an opportunity for us to capitalize on the potential continuation of the bearish trend. The descending channel on the NZDCAD chart indicates a bearish bias in the market. As the price action continues to form lower lows and lower highs, it suggests that sellers have been consistently overpowering buyers. The recent retest of the resistance level at 0.8275 provides a confirmation of the channel's validity, as the price failed to break above this level, reinforcing the bearish sentiment. This rejection at resistance suggests a potential resumption of the downward move. Trading Plan: Based on the technical analysis, we can establish two targets for this trade: Target 1: 0.81257 - This level corresponds to a previous support zone within the descending channel. We could see a reaction or a potential bounce from this area, leading to a short-term pullback. Target 2: 0.80627 - This lower target represents the lower boundary of the descending channel. A breach of the previous support level could generate further selling pressure, potentially pushing the price towards this level.
Short
by UnknownUnicorn48526553
4
NZDCAD SHORT SETUP H1 - ICT TRADINGOn NZDCAD, we have a bearish setup during the London session opening. I anticipate a potential retracement to level 0.8114, where we have a value gap and a supply zone with high trading volumes inside. In that zone, I expect a price bounce followed by a descent towards the 0.8075 area. We would appreciate it if you shared your opinion. We would be grateful if you could support our work with a 👍 Regards, Nicola, CEO of Forex58 Trading Academy.
Short
by EdgeTradingJourney
NZDCAD - Bullish TrendBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
NZDCAD: Sell signal after the 1D Death Cross.NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern. Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting the bottom of the Megaphone (TP = 0.8000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5
NZDCAD - 4hrs ( Buy Trade Target Range 180 : 300 PIP ) Pair Name : NZD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Reversal 0.81400 Area Reasons - Major Turn level / W - Visible Range Lvn - Fibo Golden - inner Counter Trend - Choch Area - Month Low - Fixed Range Poc Bearish Reversal 0.83500 Area Reasons - Major Turn level / D - Visible Range Lvn - Quarter low - Fixed Range Lvn Bearish Reversal 0.85000 Area Reasons - Major Turn level / M - Visible Range Hvn Area - Down Trend Area - Month High
Long
by GentleGoldenEngine
3
💱 NZDCAD - Consolidation after a trend break. Falling further NZDCAD is breaking the trend. Consolidation is formed below the trend support. A pattern is forming, which can send the price down and it can also be influenced by a false break-down of the resistance on the D1 TA on the high timeframe: 1) False breakdown of resistance 0.82621. There are three bearish candlesticks, indicating the interest of the market. 2) The price is getting closer to the liquidity, which is around 0.81300. TA on the low timeframe: 1) The trend breaks and a wedge is formed. 2) If figure support breaks, at 0.81960 area, price could form a strong momentum towards 0.81591 3) The target support at 0.81591 may be a temporary shelter, but after the next retest it is worth waiting for a breakout of this area and decline in the price to the lower boundary of the range at 0.80671. Key resistance 📈: 0.82174 Key support 📉: 0.81960, 0.81591
Short
by AndeWave
17