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NZD/CAD

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NZDCAD trade ideas

NZDCAD Will Move Lower! Sell! Take a look at our analysis for NZDCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.838. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.833 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDCAD Rejects Resistance: Downtrend Set to Continue?Hey Traders, OANDA:NZDCAD is showing signs of rejecting a key resistance level at 0.84100, with the price currently pulling back within a descending channel. This setup could indicate the continuation of the downtrend. Current Market Conditions: Descending Channel: The pair is moving within a well-defined descending channel, suggesting a continuation of the bearish trend. Resistance Rejection: NZDCAD has tested and rejected the resistance level at 0.84100, which aligns with the upper boundary of the channel. Bearish Setup: The rejection at this resistance and the downward momentum within the channel point to further downside potential. Fundamental Analysis/Outlook: The New Zealand dollar faces headwinds from weaker domestic economic data and global risk aversion, while the Canadian dollar remains supported by stable oil prices. This divergence could continue to pressure NZDCAD lower. Targets: TP1: 0.83717 TP2: 0.83318 TP3: 0.82900 Risk Management: Stop-Loss: Place a stop-loss above the resistance at 0.84100 to protect against a breakout above the channel. Conclusion: NZDCAD appears poised for further downside as it continues to respect the descending channel. Watch for a break below the support levels to confirm the continuation of the bearish trend. I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all! Trading Insight: "In trading, it's not about predicting the future but about reacting to the present."
Short
by SignalSage_Ben
Heading into 61.8% Fibonacci resistance?NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse 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.
Short
by VantageMarkets
BUY NZDCAD uptrend continuation STOP LOSS : 0.8325BUY NZDCAD uptrend continuation STOP LOSS : 0.8325 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
NZDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.834. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.831 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2