NZDCAD
NZDCAD Is Going Up! Buy!
Here is our detailed technical review for NZDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.838.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.843 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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NZDCAD Potential Upsides Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
Buy NZDCAD on a Fibonacci RetracementI have gone LONG NZDCAD. On my 4H chart there was a impulse wave breaking the down trend (in yellow). This retraced overnight to the 0.618 Fibonacci level where I entered at 0.8348 SL 0.8290. My target is 0.8465.
My rational for the trade is that on that CAD side oil prices remain under pressure, on expectations that demand will be weak and Israel will avoid a strike on Iranian oil facilities. Also the market believes Canadian may start cutting rates agressively.
On the NZD side although CPI came in as expected later in the New Zealand day (New Zealand) the RBNZ published its own inflation data and this came model came in much higher, at 3.4% y/y. Also I believe the market in generally bullish which favours NZD and AUD.
Let's see what pans out!
NZD/CAD Tests Key Demand Area with Bullish Signs EmergingIn the last three days, the NZD/CAD pair has retested a crucial demand area, showing a clear rejection, which indicates potential buying interest at this level. Supporting this outlook, the Commitment of Traders (COT) report reveals that retail traders continue to hold predominantly short positions, while "Smart Money"—institutional investors—are steadily increasing their exposure to the pair. Additionally, though less significant, the price has reacted to the 61.8% Fibonacci retracement level from the swing low, adding another technical layer to the current scenario.
Large speculators have already shifted to a bullish stance, signaling growing confidence in the New Zealand Dollar (NZD) relative to the Canadian Dollar (CAD). This shift in market sentiment could pave the way for a potential long setup, especially as seasonal trends indicate further upside potential for the NZD/CAD pair.
From a technical perspective, the combination of the demand zone rejection and the bullish movement in institutional positioning suggests the possibility of an upward move. Traders will be closely observing the price action over the coming days for signs of a breakout, which could provide an opportunity to enter long positions in line with the growing bullish sentiment surrounding NZD/CAD.
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Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 0.83803
1st Support: 0.8121
1st Resistance: 0.84314
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.
Overlap resistance ahead?NZD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84210
Why we like it:
There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.84707
Why we like it:
There is a pullback resistance level.
Take profit: 0.83229
Why we like it:
There is a pullback support 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.
NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.835.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.828 level soon.
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.
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NZD/CAD H4 | Pullback resistance at 23.6% Fibonacci retracementNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8374 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.8420 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.8295 which is a swing-low support.
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NZD/CAD "Kiwi-Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist NZD/CAD "Kiwi-Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30 min timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Bearish reversal?NZD/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 0.84210
Why we like it:
There is an overlap resistance level.
Stop loss: 0.84707
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 0.83229
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.
NZDCAD trade based on H&S pattern
NZDCAD trade based on HEAD and SHOULDERS pattern. We can see price is try to go bullish on 6.9 in 19h, and its revers in another day we are can saw strong bearish candles, which me represent bearish volumen gathered. On end of 10.9 we can see some interested candles like shooting star and bearish engulfing which can be good signs.
+Bearish expectations after todays CPI events
TP: 0.82450 (80)
NZDCAD: Long Trade Explained
NZDCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCAD
Entry Point - 0.8406
Stop Loss - 0.8359
Take Profit - 0.8485
Our Risk - 1%
Start protection of your profits from lower levels
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Bearish drop?NZD/CAD has reacted off the pivot which has been identified as a pullback support and could drop to the 1st support level that acts as an overlap support.
Pivot: 0.84367
1st Support: 0.83700
1st Resistance: 0.84969
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.
Potential bullish reversal?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84210
Why we lik eit:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.83582
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.84962
Why we like it:
There is an overlap 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.
Bullish bounce?NZD/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.84367
1st Support: 0.83708
1st Resistance: 0.85278
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?NZD/CAD is falling towards the support level which is a pullback support that slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.85288
Why we like it:
There is a pullback support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.84756
Why we like it:
There is a pullback support level.
Take profit: 0.86072
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.
NZDCAD - Long from bullish order block !! Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB.
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NZD_CAD LOCAL SHORT|
✅NZD_CAD went up just as
I predicted in my previous analysis
But is now approaching a supply level of 0.8624
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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NZD_CAD BULLISH BREAKOUT|LONG|
✅NZD_CAD is trading in an
Uptrend and we are seeing a
Strong bullish breakout of the
Key horizontal level of 0.8520
Which is now a support so
After a potential local pullback
We will be expecting a
Further bullish continuation
LONG🚀
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