NZDCAD FORECAST This is the pair I'm watching closely today! In the higher timeframe, the price signals that more selling potential is about to come. I love the sequence in the lower timeframe. What I'm waiting for is to see if the price will develop a 1-2-3 structure, then look for a rejection candle as my confirmation for the risk entry.
NZDCAD trade ideas
Bullish bounce off overlap support?NZD/CAD is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.81661
1st Support: 0.81118
1st Resistance: 0.82660
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Potential bearish drop?NZD/CAD has reacted off the resistance level which lines up with the 127.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 0.82762
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Stop loss: 0.83048
Why we like it:
There is a resistance level that aligns with the 161.8% Fibonacci extension.
Take profit: 0.81723
Why we like it:
There is an overlap support level that lines up with the 509% Fibonacci retracement.
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NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8268
2nd Resistance – 0.8301
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NZD_CAD POTENTIAL LONG|
✅NZD_CAD is trading in a
Local uptrend and the made
A bullish breakout of the falling
Resistance line which is now
A support and the pair made a
Retest of the line and is already
Making a bullish rebound
So we will be expecting a
Further bullish move up
LONG🚀
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POTENTIAL LONG TRADE SET UP FOR NZDCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
The price has approached a previous swing low zone on the higher time frame (HTF) while moving within a descending broadening wedge. On the Mid time frame (MTF), we have a bearish impulse and bullish reversal structure. We will now monitor for a continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected, with the target set at the top of the descending broadening structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
NZDCAD: Expecting Bearish Movement! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCAD chart which, if analyzed properly, clearly points in the downward direction.
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NZDCAD — Sell Setup at Key Resistance ZoneOANDA:NZDCAD has reached a key resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.
If the price confirms resistance within this zone through bearish price action—such as wick rejections or lower timeframe weakness—we could see a move toward 0.81780, which aligns with a logical target based on recent market structure.
However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
NZDCAD Trending Higher – Bullish Continuation Toward 0.82540OANDA:NZDCAD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
With momentum favoring the upside, the price could move upward toward the 0.82540 level, which represents a logical target within the current market structure. As long as the price remains above the support level, the bullish bias stays intact.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
NZD/CAD - Short Trade @0.81646Hi all, this chart is looking too clean not to post. FOLLOW ME FOR MORE!
Looking to sell at the 1H FVG hopefully tapping into the Breaker and stop above the swing which is an extreme zone for a 1H Mitigation
All Higher TF seems to be Bearish, buy side Liquidity has been taken and price is in a Premium area. We are shorting to capture a strong move capturing sell side Liquidity, may be room to hold into the lower SSL
Good luck to all the traders that decide to follow me
NZDCAD: Bearish Continuation After Breakout📉NZDCAD appears to be showing a bearish trend following a retest of a key horizontal support level.
I see a descending triangle pattern on an hourly time frame after its test.
There is a strong likelihood that the price will continue to decline and potentially reach a minimum of 0.8096.
NZDCAD: Bearish Triangle 🇳🇿🇨🇦
I see a descending triangle pattern on NZDCAD after a test of key resistance.
Its neckline breakout is a strong intraday bearish signal.
Goal - 0.8103
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