NZDCAD
NZDCAD, time to look for longsNZDCAD / 1D
Hello traders, welcome back to another market breakdown.
NZDCAD has been trading inside a channel, the bears tried to break to the down side but failed, that's usually a signe of a bottom, so this can be the lower high on the mounthly time frame.
I'll be waiting for a pull-back.
Trade safely,
Trader Leo.
NZDCAD - Oil Price On The Rise, Could Mean A Bullish CAD!Analysis:
Firstly just by looking at the charts we're able to tell that price is in a downwards trend. We've seen a series of lower lows and lower highs being formed confirming that we are in this downwards trend. We're now approaching a key level that has held as support and resistance multiple times so we expect this to happen again this time around. To add confluence to our area price is about to touch the 50% fib retracement level which we expect sellers to be sat at wanting and willing to enter into short positions pushing price down further. For more added confluence even though our trendline isn't at the area we're interested in it is still key as it shows that price is respecting this downwards trend that we're in, signifying that price is likely to hold the level we're at currently. Fundamentally the NZD is the 4th strongest major currency where as the CAD is the 2nd weakest major currency. This fundamentally really doesn't look good for our setup however if we dig a little deeper we'll see why we actually favour the CAD over the NZD. We have a speculation that oil prices will soon be on the rise again. Now why does this matter? Well Canada is the 4th largest oil distributer in the world meaning that the CAD is very often correlated to oil prices. If we see oil prices rise then so will the CAD. With our speculation on oil it starts to show early signs of a bullish CAD which is why we are bearish on NZDCAD both technically and fundamentally as well.
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. We appreciate it all.
Stay Safe - JPI
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 to. 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 - 4hrs ( Buy Trade Target Range 180 PIP ) Pair Name : NZD/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 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
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Bullish Break
0.81800 Area
reasons
- Major Turn level
- Visible Range Lvn
- Inner Channel Break
- Major Channel Lower Band
- Month Low Area
Bearish Reversal
0.83750 Area
Reasons
- Major Turn level / D
- Patter inner Target
- Quarter Low Area
- Visible Range Hvn / Value
NZDCAD - 4hrs ( Up + 60 PIP / Tp 1 > Full Tp 180 PIP ) Pair Name :NZD/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Natural - Lead To Long
📋 Educational / Long
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🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
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VIP Opportunity
Take Profit 1
Account Growth = 5 %
NZD/CAD Just Shared 2 Hours Ago +60 Pips Now , 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 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/CAD Made Inverted Head & Shoulders , Time To Buy It ?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.
USDCAD and NZDCAD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/CAD What Next? BUY!
My dear followers ,
Please, find my technical outlook for NZD/CAD below:
The price is coiling around a solid key level - 0.81693
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.82026
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 Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81650 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.81650 support and resistance zone.
Trade safe, Joe.
NZDCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts from premium zone. For now I expect price to make a retracement to fill the imbalance higher and only that to reject from 4H bearish order block + institutional big figure 0.84000.
Fundamental analysis: On Wednesday we have news on CAD, will be released Cash Rate, as well on Friday will be released Unemployment Rate in Canada. Important news for CAD, so pay attention to the results in order to validate the analysis.
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NZDCAD Potential downsidesHey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81700 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.81700 support and resistance zone.
Trade safe, Joe.