NZDCAD is in the Bearish direction From Solid ResistanceHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD trade ideas
NZDCAD BULLSWeekly created a HH and Daily chart retracing to the demand zone for upward momentum, tested the demand still continuing upward. 4 hour and M15 chart pulling toward the demand zone which is the 61.8% Fibonacci level. Wait for a reversal candlestick purple dotted line in the M1 chart and/or 20EMA cross above 40EMA on the M15 demand zone for buys!
NZDCAD LONGMarket structure Bullish on HTFs 30
Entry at Weekly and Daily AOi
Strong Weekly Engulfing
Strong Weekly Resistance Level broken
Daily Rejection at AOi
Previous Structure point on the Daily
Touching EMA Y
H4 Candlestick rejection
Levels 5.79
Entry 95%
Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDCAD Will Go Lower From Resistance! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.846.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.844 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZD_CAD RESISTANCE AHEAD|SHORT|
✅NZD_CAD is set to retest a
Strong resistance level above at 0.8520
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 0.8440
SHORT🔥
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NzdCadNC giving us 2 possible plays that could play out beautifully. Again with patience being our best friend. Price can either break back down below to respect the range we've had going on for some time or we can continue last weeks bullish structures. There's a monthly range between 0.88000 and 0.77300. Once price tapped 0.88000 we went bearish. I was honestly expecting price to continue bearish until we hit that monthly support which is why I'm personally looking for shorts on this set up but we'll see what happens.
NZDCAD Sellers In Panic! BUY!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8446 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8460
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDCAD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8452
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8434
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Bullish bounce?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.84007
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.83568
Why we like it:
There is a pullback support level which lines u with the 61.8% Fibonacci retracement.
Take profit: 0.84696
Why we like it:
There is a pullback resistance level.
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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.
A potential sell opportunityTrend lines have amazing magical powers to them.
This could be a good sell on nzdcad as soon as the price kisses the trend line from below and reverses.
We must first see the signs of reversal on the lower time frames, though. For example, on the 1h & 15m charts.
On the 4h, daily, and weekly, this trend line holding its ground. That's what makes it looks like a place to sell from.
Yes, the price can break out of it and test the higher highs further up, but then again, you can't ignore the magical power of trend lines.
NzdCad Trade IdeaNC is in a solid range with clean structures within the level. Price at the moment is bullish in the range. NC just made a higher high just above resistance but if price can break the bullish structure and come back inside the range shorts may be possible here. Since it's on the range the retest may not happen so I won't be too focused on the pair. Risk:reward would still be solid so we'll see how price moves.
Bearish drop?NZD/CAD is reacting off the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.84183
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.84705
Why we like it:
There is a pullback resistance level.
Take profit: 0.83230
Why we like it:
There is a pullback support 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.