NZDCAD SHORT - WAITING FOR PULLBACK!Waiting for a retest of 0.81206 to short NZDCAD back to Daily key support at 0.79430
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Nzdcadshort
NZDCAD SHORTS - BIG SWING EXPECTED!Waiting for a retest of 0.81727 to short NZDCAD back to Daily swing lows at 0.80390
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Bearish NZDCAD Trend: Downside Targets AheadHello Traders,
Here is my outlook on NZDCAD.
The NZDCAD currency pair is currently experiencing a bearish trend on the H1 timeframe. Last week, it underwent a correction and reached the price level of 0.82107, which coincided precisely with the 0.382 Fibonacci golden ratio. This price level acted as a significant resistance point, leading to a subsequent decline that some traders might interpret as a mid-week reversal.
Presently, the bearish momentum remains robust, and this has been confirmed through the break and retest of a trendline, along with other supporting technical indicators. Considering these factors, I anticipate further downward movement in the price.
My price targets for the potential decline are set at 0.81157 and 0.80978. However, it is essential to monitor the price action closely, as this analysis will be invalidated if the price surpasses the level of 0.81888 to the upside.
Cheers and happy trading.
NZDCAD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block.
Fundamental analysis: This week on Wednesday will be released Unemployment Rate on NZD and on Friday on CAD and if the result is positive for CAD it will support our analysis.
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NZDCAD SHORT - WAITING FOR A PULLBACK!Waiting for a retest of 1.65185 to short NZDCAD back to Daily swing lows at 0.80398
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NZDCAD 4HBased on long-term analysis, nzdcad is in sell position. Therefore, it is suggested to enter the sell transaction in the sensitive range that is displayed with colored highlights after obtaining confirmation.
NZDCAD - Wait to add short position ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I said in my previous analysis, price started bearish move, now I will wait to add more short position, so my point of interest is if price makes a retracement to fill the imbalance higher and then rejects from institutional mid figure 0.82500.
Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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NZDCAD SHORT - WAITING FOR RETEST!Waiting for a retest of 1.32050 to short NZDCAD back to 4H swing lows at 0.80410
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Forex Journal #4: NZDCAD Pullback To SellIn my journal, I'm noticing NZDCAD made a new lower low on the 4 hour and 2 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.
I prefer to trade down to my weekly estimation zone 0.85585 and entering on the 2 hour timeframe to keep the stop loss small.
Trade at your own risk and risk level.
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Forex Journal #2: NZDCAD Counter Trade In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.
I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small.
Trade at your own risk and risk level.
I'd love if you can reply your thoughts and like the video for more
NZDCAD - Short active ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I expected in my previous analysis price made a retracement, filled the imbalance and then rejected from 4H bearish order block + institutional big figure 0.84000.
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ndzcad short Entry point :- 0.83494
Stop lose :- 0.84306
Target 1 :- 0.8286
Target 2 :- 0.8187
Target 3 :- 0.8106
Target 4 :- 0.8025
NZDCAD Bearish Bias! NZD-CAD is trading in a
Downtrend and the pair
Will soon retest a resistance
Cluster of the falling and
Horizontal resistance levels
At around 0.84113 and from
Where I will be expecting
A move down !
NZDCAD Local Short!NZD-CAD has retested the
Horizontal resistance level
Of 0.82574 and we are already
Seeing a nice bearish
Reaction so I think that
We can expect a local
Move down!
NZD/CAD Giving Us A Good Bearish P.A , 2 Places To Short It 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 watch for possible reversalDaily bias
Over all trend is bearish.
If you look at the chart this pair has been making lower highs and lower low.
The Daily candle close is bearish with a big tail.
Adding the Bollinger Band u can see that it has shown a Bollinger band spike signalling a possible return to the mean.
Some more markups on daily chart
4h- price resisted point of interest.
Will still be watching how this price reacts to the Point of interest (resistance)
If it breaks the resistance will be looking for a continuation to the upside.
4H CHART
NZDCAD TECHNICALANALYSIS GUIDE/IDEAFX:NZDCAD
on this forex pair, we are looking at selling this pair in the long term.
Market Direction
Weekly TF: down
Daily TF: down
H4 TF: up
we can see clearly that the market is currently retracing using the H4 trend
POINTS OF SELL INTEREST
Daily sell zone: 0.82600 zone as marked in the chart is a perfect area to sell from the daily perspective, using all confirmation methods you know to get entry
Weekly sell zone: 0.85000 zone, is also another critical area to sell from on a weekly perspective if the daily zone is unable to send down the price
other action that can be taken is wait for the H4 to create a down trend and start selling from the sell opportunities created
Entry Type: Confirmation
"disclaimer: this is not a signal, just a trading guide/idea"
NZDCAD | Hidden Bearish Divergence | BearishAccording to my analysis, the New Zealand dollar against the Canadian dollar (NZDCAD) is expected to experience a bearish trend. This assessment is based on the presence of a Hidden Bearish Divergence on the 1-hour timeframe, which indicates a potential reversal zone.
A Hidden Bearish Divergence occurs when the price of an asset forms higher highs, but the corresponding indicator, in this case, NZDCAD, shows lower highs. This discrepancy suggests a potential shift in momentum and often signals an upcoming reversal to the downside.
Therefore, considering the presence of Hidden Bearish Divergence on the 1-hour chart of NZDCAD, it suggests that the NZD may weaken against the CAD, indicating a bearish outlook for NZDCAD. However, it's important to remember that technical analysis is not infallible, and other factors such as fundamental analysis and market conditions should also be considered before making any trading decisions.
NZDCAD H1 Potential To DownsideI see if the movement in this pair today is likely to experience correction conditions first. Although the movement on large TFs still tends to be bullish.
NZDCAD Update Multiple Timeframe (Sell)NZDCAD after breaking the 200EMA is still show sign of reversing to the downside, checking from the Stoch RSI the pair has oversold and there is possibility it would drop down, and on the other hand we are mindful of the bull taking over the market from the point of the market now.
Bullish Target; 0.82956
Bearish Target; 0.81837, 0.81670, 0.81315, 0.81000
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NZDCAD update (Sell)NZDCAD play fool of Us today but we believe that the pair will still drop after rejecting the 200EMA on the 4HR timeframe, Price has rejected at 0.81990 and pullback to 0.81900 and there is a high probability the market will be control by the Bear.
Bearish Target; 0.81623, 0.81315, 0.81000
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SHORT - NZDCAD (D H4) (27 May 2023)Swing Trade/s - NZDCAD
In the Weekly Chart,
- Weekly Supply is in control and high in the Curve
Hence, we look for SHORT trades in the Daily and H4 charts
In the Daily Chart,
- Find all valid Daily supply zones to enter trade/s
- For smaller risks, locate valid H4 supply zones to sell from
However, if price breaks Daily Demand zone (that is close to ORIGIN), then we will find and sell from all valid supply zones in the Daily and H4 zones.
1x Daily and 2x H4 pending buy limit orders are placed on 27 May 2023
NZDCAD Analysis H1Here is my analysis for NZDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
