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NZD/CAD

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NZDCAD trade ideas

NZDCAD BUYSThere are many confluences as to how I caught this trade set up today. Firstly on the Daily and Weekly we can see price made its way up to 0.82814. After this we could anticipate that the bulls are in the market. Once price broke this price level, we wait for a pull back and there entered at price 0.82885 which is a few pips above. Currently we are in about 26 pips. First level was 0.83150, next TP is 0.83400 and finally we would like to see price reach the most recent highs at 0.84000.
Long
by Mkforbes_fx
NZDCAD Massive Short! SELL! My dear friends, NZDCAD looks like it will make a good move, and here are the details: The market is trading on 0.8316 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8268 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDCAD - Possible Exhaustion Spike prior to NewsNZDCAD has been on a bullish run and is exhibiting signs of being excessively overbought despite a decrease in momentum as exhibited via a Bearish Divergence on the MACD indicator. A possibility for quick profits if CAD news is positive. NZD is exhibiting bullish signs in the larger timeframe so be prepared for a strong continuation in this direction even after short term pullbacks so avoid getting trapped in long duration short positions.
by fugutrader
DeGRAM | NZDCAD bearish opportunityNZDCAD is currently trading in an ascending channel, approaching the resistance and channel boundery.  The market is testing the daily resistance level of 0.83000, which is a psychological level as well. Price created a Fibo cluster to short the market if we get the signal. We expect a false break of the channel and a pullback from the kill zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
NZDCAD @ SELLING NOW, 250+ PIPS PROFIT TARGET CONFIRM💰🎯📉📉📊 NZDCAD Price Forecast Analysis 🌐💹 OANDA:NZDCAD Traders, let's delve into the NZDCAD chart for a detailed forecast: 1️⃣ Breakdown of Upper Trendline: 📉 NZDCAD has broken below the upper trendline after encountering repeated resistance at the top of the uptrend. This suggests a potential shift in market sentiment. 2️⃣ Golden Crossover Confirmation: 📊 Adding weight to the bearish outlook, there has been a Golden Crossover of the 200EMA & 50EMA, indicating a strong resistance zone. 3️⃣ Change of Character & Bearish Candle Formation: 🕯️ A significant development! The market has shown a change of character, with a strong bearish candle forming after the resistance from the top of the uptrend. 4️⃣ Retracement Pattern: 🔄 Following the breakdown, NZDCAD is retracing multiple times, providing opportunities to establish selling positions. 🎯 Technical Targets: Keep an eye on technical targets at 0.8160 and 0.7980, as NZDCAD continues its downward trajectory. 🔍 Conclusion: With the breakdown of the upper trendline, confirmation from the Golden Crossover, change of character, and retracement pattern, NZDCAD is poised for further downward movement towards the specified targets. Stay informed and adapt your strategy as the market evolves! 📈📉 Remember, market conditions can change rapidly. Best of luck with your trades! 🚀💰 #NZDCAD #PriceForecast #BearishTrend Your likes, follows, and comments mean the world to me and keep me motivated to deliver the best content possible. Thank you for being part of this journey with me.
Short
by AlphaForex56
6