Bullish bounce?NZD/CAD has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.8076
Why we like it:
There is a pullback support level.
Stop loss: 0.8031
Why we like it:
There is a pullback support level.
Take profit: 0.8138
Why we like it:
There is a pullback resistance level.
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NZDCAD trade ideas
Bearish drop?NZD/CAD is rising towards the pivot and could drop to the 1st support.
Pivot: 0.81376
1st Support: 0.80668
1st Resistance: 0.81947
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82400 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82400 support and resistance area.
Trade safe, Joe.
Bearish drop?NZD/CAD is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.81842
1st Support: 0.81045
1st Resistance: 0.82431
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off 50% Fibonacci support?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.81433
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.81065
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Take profit: 0.81965
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD/CAD "Kiwi vs Canadian" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the NZD/CAD "Kiwi vs Canadian Dollar" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade after the MA Breakout,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2h period, the recent / nearest low or high level.
Goal 🎯: 0.82000 (or) Escape before the target
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
The NZD/CAD pair is expected to move in a bullish trend, driven by several fundamental factors:
New Zealand Economy:
Increase in dairy prices
Surge in tourism
Improvement in business confidence
Increase in consumer spending
Canadian Economy:
Decline in crude oil prices
Slowdown in the labor market
Decrease in housing market activity
Increase in trade deficits
Interest Rate Divergence:
Reserve Bank of New Zealand (RBNZ) keeps interest rates steady
Bank of Canada (BOC) cuts interest rates
Narrowing of the interest rate differential between the two currencies
Commodity Prices:
Increase in dairy prices
Increase in meat prices
Increase in other commodity prices that are important to New Zealand's economy
Currency Flows:
Increase in demand for the NZD
Decrease in demand for the CAD
Flows of capital into New Zealand's economy
Technical Analysis:
Breakout above the 0.80872 resistance level
Bullish chart patterns, such as a head and shoulders or a inverse head and shoulders
Bullish indicators, such as a moving average crossover or a relative strength index (RSI) MACD breakout
Sentiment Analysis:
Bullish sentiment among traders and investors
Increase in long positions in the NZD/CAD pair
Decrease in short positions in the NZD/CAD pair
Event-Driven Factors:
Positive news about New Zealand's economy, such as a new trade agreement
Negative news about Canada's economy, such as a natural disaster
Changes in government policies or regulations that affect the economies of New Zealand or Canada
These are just a few examples of the types of factors that could lead to a bullish trend for the NZD/CAD pair. As always, it's essential to monitor the market and adjust your trading strategy accordingly.
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
NZDCAD - Short after BOS !!Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. We can see that price rejected from bearish OB + level 0.82000. As well we have hidden divergence for sell.
On H1 we have regular divergence, so I wait for a short position after BOS.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of Interest Rate on CAD. News with high impact on currencies.
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