Nzdcadshort
NZDCAD Short. Head and Shoulders patternFX:NZDCAD
NZDCAD has formed a head and shoulder pattern in 4h. Look for sells.
NZDCAD High-probability Short SetupBearish continuation setup.
Entry Idea:
Entry from or near the current market price.
The red line is the invalidation level.
What's your view on NZDCAD? Kindly leave your thoughts in the comment.
Regards,
Veejahbee.
NZDCAD SWING TRADE FORECASTA sell can be around the corner for this pair. For the most part of this year, we have had this pair move to the upside to create a yearly high at the end of July. Of course, this high coincided with W supply trendline which have pushed price down consistently in the past. A second retest confirmed the area as a legit supply zone and we can expect price to continue moving down to find an area of demand. Currently, price is just at this year's support trendline area and a break/retest of this trendline will present a good opportunity to join in on the sell if you missed entering at the resistance around the 0.89000 area! It is note worthy to consider that this is a swing signal and could possibly take days or a week to come to the point of break/retest of support
NZDCAD head and shoulder pattern Nzdcad preints an head and shoulder pattern, curently there has been a breakout of the neckline and a retest,
We expect a fall in the currency pair up to 0.85700 region
Goodluck
📢NZD/CAD SHORT OPPORTUNITY TO LOOK OUT FORI posted this chart earlier this week. This pair just needs to complete a couple more moves so we can go short and take a nice R/R 😎
NZDCAD shortThe third touch on the trendline could be rejected for push downtrend. Although, it should be noted that the pair has made new higher highs so careful monitoring of this pair is important.
Potential entry @ 0.87684
SL: 0.87931
TP1: 0.86834
TP2: 0.85692
📢NZD/CAD H&S SETUP SHORT This might be a while off, but it looks like a good setup for the watch list 👀👀👍
NZDCAD - BEARISH BIASNZD - BEARISH
1️⃣ Investors continue to expect negative interest rates following dovish statements last week from RBNZ.
2️⃣ Fresh news showing Sino-American and Aussie-China jitters join virus woes and vaccine hopes to confuse traders.
CAD - BULLISH
1️⃣ Crude oil futures rose more than 2% to trade above $40 a barrel on Tuesday, after latest data showed China, the world’s top crude oil importer, took in 11.8 million bpd of oil in September, up 5.5% from August and up 17.5% from September last year.
2️⃣ Governor Macklem added that the BoC is not actively discussing negative interest rates but they are a tool the bank could use in case it needs to do more to tackle economic challenges caused by the pandemic.
3️⃣ CAD gathers strength on impressive Canadian jobs report. Unemployment Rate in Canada declined to 9% in September.
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TECHNICAL
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- We would like to short NZDCAD on SBR level + 61.8% fibo retracement on H1 chart.
- NZDCAD still in bearish zone.
NZDCAD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 40 - 30 Sept
M > Market is moving in a downward channel and price has dropped from resistance level of the channel completing the W formation.
W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance. Price also has support of upward trendline.
D > We expected rejection at weekly resistance to get H & S pattern.
As per COT NZD saw closure of both Long and Short increasing net positions whereas Commercials saw closure of Short positions, whereas ZXY was strong for the said week. ZXY fell sharply last week. CAD saw closure of both Long and Short further reducing net positions (which is in -ve since March 2020), N-R saw major closure of Long and few Short and Commercials saw closure of both Long and majorly Short, confirming weakness for the said week. CXY was more weaker last week, however market should reverse bringing CXY to +ve net position. CXY is now testing support level.
4H > Price is now moving down and currently testing demand zone, we expect drop till support trendline.
Pair Correlation > NZDCAD has positive correlation with NZDCHF and negative correlation with EURNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
NZDCAD LONG- Presenting new higher highs and higher lows
- Rejection of OB and 0.786 FIB
- Looking for short term buys
NZD/CAD Short OpportunityNZD/CAD broke the support area and starting going down, I believe that there will a retest at 0.87265, which will be the entry point to this trade.
NZD/CAD sell opportunityNZD/CAD is ready to drop from one zone to another.
Have a good trade, traders!
NZDCAD Short Trade PlanHey traders, here is the analysis for the NZDCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
NZD/CAD - Head & Shoulders Price has printed a H&S pattern and has broken the neckline/support. We are waiting for a retest of its broken structure for sell entries.
Short in NZDCAD due to triangle BreakoutI try to see the market simple and it works. i made this position and i have my own sl and tp. you can adjust it yourself but i will tell my followers when i closed the position.
Comment me If you like to see SL and TP levels Also.
NZDCAD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 06 Oct
M > Market is moving in a downward channel, price dropped from resistance level of the channel completing the W formation.
W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance. Price also has support of rising trendline.
D > We can see formation of H & S pattern, hence we can expect bearish movement.
As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week.
4H > Price is creating LH and LL in its bearish trend, price needs to break 4H support level to confirm bearish trend. We expect drop till support trendline.
Pair Correlation > NZDCAD has positive correlation with NZDCHF and AUDCAD and negative correlation with EURNZD and GBPNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
NZD/CAD nice swing sellNZD/CAD has broken through a strong resistance zone and has come back to retest it. From the point on, the price is expected to go down till 0.86100 area.
Support the idea by liking it and writing a comment under it, thank you!
NZD/CAD New Setup To Catch More Than 150 Pips As We See We Have This Head And Shoulders Pattern And The Price Close Below Neckline And Now We Can Enter A Sell Trade After Retest For Neckline And Have Any Bearish Price Action To Confirm .
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
