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Nzdcadshort

NZDCAD - Oil Price On The Rise, Could Mean A Bullish CAD!Analysis: Firstly just by looking at the charts we're able to tell that price is in a downwards trend. We've seen a series of lower lows and lower highs being formed confirming that we are in this downwards trend. We're now approaching a key level that has held as support and resistance multiple times so we expect this to happen again this time around. To add confluence to our area price is about to touch the 50% fib retracement level which we expect sellers to be sat at wanting and willing to enter into short positions pushing price down further. For more added confluence even though our trendline isn't at the area we're interested in it is still key as it shows that price is respecting this downwards trend that we're in, signifying that price is likely to hold the level we're at currently. Fundamentally the NZD is the 4th strongest major currency where as the CAD is the 2nd weakest major currency. This fundamentally really doesn't look good for our setup however if we dig a little deeper we'll see why we actually favour the CAD over the NZD. We have a speculation that oil prices will soon be on the rise again. Now why does this matter? Well Canada is the 4th largest oil distributer in the world meaning that the CAD is very often correlated to oil prices. If we see oil prices rise then so will the CAD. With our speculation on oil it starts to show early signs of a bullish CAD which is why we are bearish on NZDCAD both technically and fundamentally as well. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
NZDCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts from premium zone. For now I expect price to make a retracement to fill the imbalance higher and only that to reject from 4H bearish order block + institutional big figure 0.84000. Fundamental analysis: On Wednesday we have news on CAD, will be released Cash Rate, as well on Friday will be released Unemployment Rate in Canada. Important news for CAD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
Bearish NZDCADThe daily trend is Bullish on the NZDCAD(its trading above the 200 Daily SMA). With that said, there is a retracement playing out going to either the Fibo 50% or the Fibo 61.8%. At the moment it is at the top of a downward channel eyeing the Fibo 50% Also sentiment on the pair is at an astounding 90% long. Sentiment is contrarian so short-term shorts are suggested to at least the Fibo 50% and the bottom of the channel. Entry @ 0.8430 === SL @ 0.8550 === TP @ 0.8225
Short
by forexmilitia
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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
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 tradingwithanthony
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
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