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NZDCAD

NZD/CAD Pair Falls on Soft Inflation and Stronger USDDuring the first half of the European session on Friday, the NZD/CAD pair experienced significant selling pressure for the second consecutive day, leading to a five-week low. The NZD was particularly affected by the release of domestic consumer inflation figures on Thursday, which were softer than anticipated, resulting in a less hawkish stance by the Reserve Bank of New Zealand (RBNZ). On the other hand, the Federal Reserve (Fed) is expected to continue raising interest rates, benefiting the safe-haven US Dollar (USD) amidst a softer risk tone. Consequently, the NZD/CAD pair decreased on the last day of the week. Based on technical analysis, there was a breakout of a bearish pattern within a Bearish channel after a pullback on the 61.8% Fibonacci level and the Dynamic trendline of the upperside of the channel, suggesting a potential AB=CD Pattern of continuation. As a result, it is possible that the NZD/CAD pair will continue to decrease over the next few days.
Short
by FOREXN1
9
NZDCAD Technical Analysis and Trade IdeaThis video is an in-depth analysis of the EURUSD, concentrating on its recent trading patterns. The video covers the impact of the EU reaching a significant resistance level and the presence of a price gap below it. These factors could trigger selling activity. Throughout the video, various topics are discussed, including trend analysis, price action, market structure, and price gaps. Additionally, a potential trade opportunity is briefly touched upon.
Short
by fxtraderanthony
NZDCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalances higher and then to reject from bearish order block + institutional big figure 0.84000. Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released quarterly CPI on NZD which was forecasted to increase this means strength of currency and validation of our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
1
NZDCAD 17/APR/2023NZDCAD has formed a bearish channel pattern, price has been consistently moving downwards within a defined channel. Currently, the price is approaching the support level of the bearish channel, which is a price level where historically the price has tended to bounce upwards. This suggests that there is a possibility of a price rebound or bounce upwards from the support area, based on historical price behavior. Traders may interpret this as a potential buying opportunity, as the price could potentially move higher from the support level.
Long
by DNP-FX
NZDCAD - Approaching A Strong SupportHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange and previously we have been trading it by looking for sell setups around the upper trendline and buy setups around the lower trendline. Now NZDCAD is approaching the lower orange trendline again. Moreover, the zone 0.83 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support) As per my trading style: As NZDCAD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
NZDUSD - 1D ( Sell Trade Target Range 400 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 ( ↘️ Short ) Type : Mid Term Swing ——————————— 🔰Bearish Break 0.83700 Area Reasons 🔘- Major Turn level / D 🔘- Visible Range value Area 🔘- Pattern Middle Band Break 🔘- Fixed Range Value 🔘- Quarter low / Month low 🔰Bullish Reversal 0.82000 / Profit Gains Reasons 🔘- Major Turn level / W 🔘- Pattern Lower band 🔘- Fibo Golden 🔘- Visible Range Hvn 🔘- Fixed Range Poc 🔰Bullish Reversal 0.79000 Area Reasons 🔘- Major Turn level / D 🔘- Pattern Full Target 🔘- Visible Range lvn 🔘- Fibo Golden / 2
Short
by GentleGoldenEngine
4
20 Reason for Sell NZDCAD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: sIDE WAYS TO DOWN SINCE 8 YEARS 2:📆Monthly: proper bear trend and market except at reversal points also making hl since four months 3:📅Weekly: 2rd swing hl with tweezers 4:🕛Daily: choch did start another bear move 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: choch done 6: 2 Pattern Candle Chart: long wick upside 7: 3 Volume: execution volumes and after increasing on bearish candles 8: 4 Momentum UNCONVENTIONAL Rsi: triple resistance at 60 also a head $ shoulder on a rsi 9: 5 Volatility measure Bollinger bands: m pattern with proper volume 10: 6 Strength ADX: sideways 11: 7 Sentiment ROC: cad is in power ✔️ Entry Time Frame: h4 12: Entry TF Structure: bear 13: entry move: impulsive 14: Support resistance base: 15: FIB: ☑️ final comments: sell 16: 💡decision: sell 17: 🚀Entry: 0.8441 18: ✋Stop losel: 8570 19: 🎯Take profit:0.7650 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 5 week
Short
by Optimum369
NZDCAD 5/4/2023The NZDCAD price is still in a downtrend channel and currently near the resistance area of this channel. It's likely that the price will pullback to around 0.843, but traders should set a stop loss if the daily closing price breaks out or above the resistance area of the channel. In case of a breakout, the price is likely to be bullish until it reaches the range equivalent to the current downtrend channel. it's important to keep in mind that this analysis is for informational purposes only and not trading advice. There is always a possibility of failure, and this analysis may not be 100% accurate. Traders should manage their risk accordingly and make their own decisions based on their personal risk tolerance and trading goals.
Short
by DNP-FX