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NZDCAD

NZD/CAD - Bullish divergence characteristic!Overview FX:NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend! Analysis & Plan Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with the yellow lines! Price has already created a higher high and I am expecting this characteristic to repeat again! All bullish and bearish factors considered for this trade are displayed on the 4 hour chart!
Long
by Tempo_Trades
NZDCAD TRADE AFTER THE PLAN.Hello traders around the world. My name is Alexandre Karim. Today we will be talking about NZDCAD double long position. I already posted my analysis on 9 March showing you the long position scenario. Lets talk abou the first position on NZDCAD which was a descending channel / falling wedge on the daily lower TL. The entry was at the breakout of the pattern (0.82780) and the SL below the previous low (0.82592). Moved to breakeven when the price broke the upper TL of the 4H / Daily chart. Running currently at 11%. The second position on this pair was an hourly bull flag as outer structure. The entry was at the breakout of the pattern (0.83564) and the SL below the previous low (0.82592) Currently I'm looking for a 1H correction to lock below it and secure %. Be patient. Look for the best set up. Trade quality not quantity. #THEPRIMES
Long
by alex_k_95
NZDCAD - Still Trading The Channel 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD has been overall bearish trading inside the falling channel in orange, and as per my last analysis (attached on the chart) we have been trading the channel. Now NZDCAD is approaching the upper trendline again. As per my trading style: As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) We will be looking for sell setups, UNLESS the channel is broken upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
10
NZDCAD Buy settupHello, as we can see from a daily perspective, the trend was a downtrend until the price reached and rejected the support level. On 4H, we can see the formation of higher highs and higher lows indicating the structural change from a bearish to a bullish structure. On 1H, the price is moving in ascending trendline where it has already made two touches on the trendline and broke above the support level. My bias for NZDCAD is bullish so I will wait for the price to retest the support level which is also a 50% - 60% Fibonacci retracement level and make a third touch of ascending trend line if there will be confirmation I will take a long position.
Long
by UnknownUnicorn4558066
NZDCAD - 4hrs ( Buy Trade Target Range 160 PIP )💲Pair Name :NZD/CAD 🗨Time Frame : Daily ➕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 Break 0.83250 Area Reasons 🔘- Major Turn level 🔘- Visible range Hvn 🔘- Channel Break Out 🔘- Day / Week High Break 🔘- Fixed Poc Area 🔰Bearish Reversal 0.84800 Area Reasons 🔘- Major turn level 🔘- Inner down Trend 🔘- Visible Range Poc 🔘- Fixed Range Lvn
Long
by GentleGoldenEngine
NZDCAD ideaNZDCAD trend is bearish. But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as a resistance and pullback to this level can be prepared to a buy opportunity. But if we don't consider the demand area and give more credit to the descending channel and sellers' pressure, the price reaching the 0.833 area can be attractive for reselling. In this case, the next demand area at 0.815 rates can be your Take profit.
by Alisabbaghi