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Nzdcadshort

NZDCAD testing 1st resistance, potential for reversal!Price is testing the 1st resistance, in line with 50% Fibonacci retracement, 127.2% Fibonacci extension, horizontal pullback resistance and descending trendline resistance. We could see a reversal here and further downside towards 1st support, in line with 100%, 127.2% Fibonacci extension and horizontal swing low support. Price is also holding below the descending trendline and moving average resistances, showing signs of bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
NZDCAD testing descending trendline resistance, drop incoming!Price is testing the descending trendline resistance and holding below 1st resistance, in line with 61.8% Fibonacci retracement, 161.8% Fibonacci extension and horizontal pullback resistance. We could see a reversal here and further downside towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support. Stochastics is also testing the 94.05 resistance where it has reversed from before, showing signs of bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
NZDCAD - BEARISH BIAS===== MARKET OUTLOOK ===== NZD - BEARISH 1️⃣ Lower dairy, import and export prices. The fall in prices reflected a decline in the price of dairy products. 2️⃣ Risk-off markets sentiment expected ahead of U.S jobs data. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the Loonie higher. 2️⃣ Rising oil prices underpinned the CAD. 3️⃣ Canada's economic growth in the first quarter remained robust. ===== TECHNICAL ===== - We're shorting this pair on SBR level + Pivot level + SMA 50 area on H1 chart.
Short
by MonsunAsia
NZDCAD facing bearish pressure, potential for further downside!Prices are facing bearish pressure from 50% Fibonacci retracement and 161.8% Fibonacci extension Fibonacci confluence zone. Prices might push down towards 127.2% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence zone. If price pushes up further, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Short
by TradeGATEHub
1
NZDCAD - BEARISH BIAS===== MARKET OUTLOOK ===== NZD - BEARISH 1️⃣ New Zealand’s export prices declined 0.8% in the first quarter of 2021, adding to the decline from a 0.4% fall in the previous period. The market expects only to fall by 0.6%. The fall in prices reflected a decline in the price of dairy products which fell 2.4% and meat which fell 1.5%. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher. 2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022. 3️⃣ Rising oil prices underpinned the CAD. 4️⃣ Canada's economic growth in the first quarter remained robust. ===== TECHNICAL ===== - We're shorting this pair on SBR level + SMA50 area + pivot point area on H1 chart.
Short
by MonsunAsia
Can NZDCAD make it 3 out of 3 🤞😍Our script says it's time for a sell on NZDCAD. Strategy in use is a 1:3 RR and is looking to make it 3 out of 3 trades. Entry details are shown on the chart. We're only looking for TP3. I covered the previous sell trade in an idea earlier this week. This trade has now closed for a profit as the 'buy' opportunity has presented. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
Forex |nzd/cad|learn technical analysis - short term sell signalhello traders and welcome to eg finance In this video, I’ll give you the full analysis of NZD/CAD Searching for the best opportunities for trading. This video will be good maybe the best for anyone Who started his journey in trading and wants to learn technical analysis. In this video, I will show you my style of trading and how I analyze charts, and how simple it is. This video is full of information about technical analysis I will show how to use Fibonacci tool Forex patterns like ( head and shoulders, bullish flag, and bearish pennant ) Notice divergence And how to trade harmonic trading All of this in this video, so let's get started
Long
by UnknownUnicorn9076755