NZD/CAD: Symmetric Triangle Awaiting Breakout➡ Symmetric Triangle pattern observed, breakout expected on either side
➡ Resistance at 0.8425
➡ Support levels: 0.8355 and 0.8345
NZD/CAD is currently consolidating within a symmetric triangle, indicating a potential for a breakout that could lead to a significant directional move. Traders should watch these key levels closely to anticipate the next market move.
NZDCAD
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
Bullish rise?NZD/CAD has reacted off the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 0.83460
1st Support: 0.829488
1st Resistance: 0.84189
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.
NZDCAD This MA squeeze giving a strong Buy Signal.The NZDCAD pair has been trading within a long-term Channel Up pattern, currently sitting above bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The upcoming squeeze of the two MA periods was last time a confirmation that the Bullish Leg that started would continue.
That rally peaked on June 12, just above the 1.236 Fibonacci extension. As a result, even though we are practically half-way into the current rally and the potential return is now less, we turn bullish on this pair, targeting 0.85650.
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NZDCAD - OverBought Territory... Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCAD has been overall bullish , trading within the rising channel in blue.
Currently, NZDCAD is approaching the upper bound of the channel.
Moreover, the zone marked in red is a massive supply zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper blue trendline acting as non-horizontal resistance.
📚 As per my trading style:
As #NZDCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area.
Trade safe, Joe.
Could price reverse from here?NZD/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support.
Pivot: 0.82714
1st Support: 0.82139
1st resistance: 0.83229
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.
NZDCAD Will Collapse! SELL!
My dear friends,
NZDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.8276 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 - 0.8227
Recommended Stop Loss - 0.8304
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
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WISH YOU ALL LUCK
NZDCAD Will Grow! Long!
Take a look at our analysis for NZDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.824.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.837 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.
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7 Dimension 4RR Sell Setup for NZDCAD Core Analysis Method: Smart Money Concepts
Based on the Smart Money Concepts methodology, the following analysis has been conducted:
😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
Bearish swing structure with a Break of Structure (BOS) after taking inducement.
Corrective swing move has nearly mitigated everything with 3 pullbacks, forming a corrective internal bullish structure.
At the Point of Interest (POI), we see three key elements: Extreme Order Block (OB), Fair Value Gap (FVG), and Liquidity (LIQ) resting above the double top at the Premier zone of the swing.
All of these factors align to create a strong area for sellers.
Entry Model: Regular SMC
Resistance: Demand zone is prominent.
Pattern:
🟢 Chart Patterns:
Reversal: A double top pattern has been identified.
🟢 Candle Patterns:
Long wicks have appeared multiple times at the top, indicating rejection.
Momentum candles have also formed in the same area of interest, showing significant market activity.
A classic tower top candlestick pattern with valid parameters has been observed.
Volume:
🟢 Substantial volume has been observed in this area after a long time.
Despite the volume, it has been unable to cross the point of interest, indicating profit booking and a show of strength from sellers.
Momentum RSI:
🟢 After a strong bullish momentum, the RSI reversed from the overbought level and shifted into a range inside the sideways to bearish zone.
A divergence between the last two highs is supported by loud moves, signaling that sellers are still in control.
Volatility Bollinger Bands:
🟢 Transition from contraction to expansion has occurred with a proper squeeze breakout.
Walking on the band suggests that the bullish volatile move is nearing its end.
Price is forming an "M" pattern in Bollinger Band terms, which is a strong bearish signal.
Strength ADX: Sideways yet, indicating neutral strength in the market.
Rating: ⭐⭐⭐⭐⭐
All dimensions are in favor of a bearish move.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI: Marked
💡 Decision: Sell limit
🚀 Entry: 0.8287
✋ Stop loss: 0.8333
🎯 Take profit: 0.8110
😊 Risk to reward Ratio: 4
🕛 Expected Duration: 15 Days
SUMMARY:
The analysis suggests a strong bearish setup with all dimensions aligning in favor of sellers. A sell limit order is recommended at 0.8287 with a stop loss at 0.8333 and a take profit at 0.8110. The trade offers a favorable risk to reward ratio of 4, and the expected duration is 15 days.
MarketBreakdown | GBPUSD, USDJPY, NZDCAD, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
GBPUSD broke and closed above a resistance line of
a bullish flag pattern on a daily.
Because the pair is trading in a long-term bullish trend,
such a violation is a strong bullish signal and a clear sign of
strength of the buyers.
I think that the pair will continue growing.
2️⃣ #USDJPY weekly time frame 🇺🇸🇯🇵
The market is very close to a recently broken
major rising trend line that turned into a resistance after a breakout.
I suggest looking for a pullback trade from that because
a bearish reaction will most likely follow after its test.
3️⃣ #NZDCAD daily time frame 🇳🇿🇨🇦
The price formed an ascending triangle pattern on a daily.
We see a breakout attempt of its neckline at the moment.
A daily candle close above the underlined blue area will be a strong bullish confirmation.
A bullish continuation will be expected then.
4️⃣ Silver #XAGUSD daily time frame 🪙
Looks like Silver has completed a correctional movement
and returns to a global bullish trend.
A recent breakout of a key daily horizontal resistance confirms
a local dominance of the buyers.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
NZD/CAD H4 | Pullback resistance at 161.8% Fibonacci extensionNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8322 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level.
Stop loss is at 0.8361 which is a level that sits above a pullback resistance.
Take profit is at 0.8277 which is a pullback support.
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NZDCAD..BUYAfter the price reaches the specified level,
Enter the buy deal with the Hammer candle or Ingulf candle signal
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
NZDCAD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8259
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8214
My Stop Loss - 0.8288
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
NZDCAD Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8260
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8215
Safe Stop Loss - 0.8292
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDCAD Pattern FormationThis currency has been forming a bearish flag for past few months and on its way to complete the pattern at 0.880
For the past few days, it has been forming a rising flag, which IMO is a strong indicator of the bearish momentum, but has not broken the pattern yet.
I do anticipate that in the short term, it might touch the 0.85 zone and the long term, 0.88. A shorter timeframe analysis will follow.
NZDCAD bearish continuation likely … the week of 05 Aug, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis.
This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade.
Note that the 38.2% retracement level and the 200 dma are already trying to contain the current up move. The bulls can still push through to the 50% or even the 61.80% levels, so I am going to be watching the PA closely. A momentum move above the 61.80% area will negate my analysis. Let’s see how this plays out.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros