NZD/CAD +45 Pips 0 Drawdown From Last Video , New Entry Now !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
NZDCAD: Expecting Bearish Continuation! Here is Why:
Balance of buyers and sellers on the NZDCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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NZD-CAD Local Bearish Bias! Sell!
Hello,Traders!
NZD-CAD is now consolidating
Below a broken key horizontal
Level of 0.842 after the
Bearish breakout so I am
Somewhat bearish biased
And I think that we will
See a move down
Sell!
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NZDCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: We are here bearish after the price changed the character and started to broke the structure. Now I expect price to make a retracement to fill that huge imbalance higher and then to reject from institutional big figure 0.85000 for a short position.
Fundamental analysis: Tomorrow we have news on CAD, will be released CPI, pay attention to the result in order to validate the anaylsis.
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NZDCAD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.842 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction to see a potential retrace from 0.842 support and resistance zone. i would also keep an eye on the indices to confirm the bias as NZDCAD does correlate positively with indices.
Trade safe, Joe.
NZD/CAD Made Double Top Pattern , Still Not Confirmed To Enter !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 LongHello guys.
I anticipate that this pair is building a bullish momentum. The price touched a major resistance zone, then bounced. It seems that this zone is weakened and the price will break out of this zone.
My entry point is at 0.852, at the zone, after a breakout and retesting the zone. My stop loss is at 0.844, which is way below the current support zone. I am targeting a 1:3 R:R for this trade.
Remember, risk 1% of your account while trading.
Have a pippy day!
NZDCAD: Weak Market & Bearish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCAD chart which, if analyzed properly, clearly points in the downward direction.
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Joe G2H - Selling NZDCAD (Again)Trade Idea: Selling NZDCAD
Reasoning: Selling into downtrend resistance on the daily chart
Entry Level: 0.85014
Take Profit Level: 0.8420
Stop Loss: 0.8542
Risk/Reward: 2/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe G2H Trade: Sticking with NZDCADTrade Idea: Selling NZDCAD
Reasoning: Selling into downtrend resistance on the daily chart
Entry Level: 0.84659
Take Profit Level: 0.8406
Stop Loss: 0.8496
Risk/Reward: 2/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NZDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD
Technical analysis: Here we are in a bearish market structure on higher timeframe, so I am looking for shorts, as we can also see that price made an intermediary CHoCH. I expect price to go a little bit higher to fill the imbalance and then to reject from bearish order block + institutional big figure 0.85000.
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NZDCAD Is Bullish! Long!
Please, check our technical outlook for NZDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.841.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.854 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZD/CAD: Bullish Reversal Expected at Key Support Area.The rising interest rates in New Zealand are posing significant challenges for the country's farming industry. Today, the NZD/CAD currency pair hit the 0.85400 resistance area but then experienced a reversal as the CAD regained some value. As per the technical analysis, the value of the currency pair is currently approaching the previous support area within a bullish channel. The combination of the 61.8% Fibonacci retracement level, the dynamic trendline of the channel, and the support area suggests that this may be an opportune moment for the price to experience a pullback in the direction of the main trend.
Therefore, we are currently seeking an entry point around the support area to initiate a new long bullish impulse. This approach is supported by our analysis of the market trends and indicators, which indicate that the NZD/CAD currency pair has the potential to appreciate in the near future. Overall, while the current economic conditions in New Zealand are challenging, there are still opportunities for investors to capitalize on the market's movements and achieve profitable outcomes.
Joe G2H - NZDCAD at trend resistanceTrade Idea: Selling NZDCAD
Reasoning: Selling into downtrend resistance on the daily chart
Entry Level: 0.8500
Take Profit Level: 0.8405
Stop Loss: 0.8541
Risk/Reward: 2.3/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NZDCAD - Watch For ReversalNZDCAD is currently In wave B correction and approaching the 50 fibonacci alongside the channel support. We are expecting a bounce off the channel and then break of the red trendline for confirmation.
Trade Idea:
- Watch for bounce off fibonacci/channel
- Confirmation on break of red trendline
- Stops go below the lows after the breakout occurs
- Targets: 0.86 (380pips), 0.88 (580pips), Hold small position for swing
Goodluck and as always, trade safe!