NZDCADANALYSIS
NZDCAD ShortHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for NZDCAD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
NZD/CAD Running In 40 Pips , And New Entry Might Add SoonThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
POSSIBLE IMPULSE MOVE FOR NZDCAD?At the beginning of this week, we saw strong bullish impulse moves to the upside, and price broke a daily level of resistance.
Now, price is coming back to retest this level as support. Focus your eyes on the wick rejections at the level.
These 4hr candles are in a way rejecting the daily level. We will wait for a strong bullish close to put us in for buys. A nice 100 pips move on the way. Trade Safe.
NZDCAD Can Go up After the Retracement
Welcome back Traders, Investors, and Community!
Hi Traders, NZDCAD on H1 might have a retracement at 0.8727 which is the Support line before it continues its uptrend. If the price reaches at 0.8727 with a reliable candlestick pattern we can go long for short term TPs.
⬆️Buy now or Buy at 0.8727
⭕️SL @ 0.8714
✅TP1 @ 0.8775
✅TP2 @ 0.8797
✅TP3 @ 0.8837
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
NZD/CAD New Short Setup Avialbe To Catch 200 Pips ! This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDCAD we're heading down 📉Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
NZDCAD - The Next Swing Project!Hello Fellow Traders, Here is a Full 4H Mapping Analysis For NZDCAD.
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (.086473).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 61 .
Take Profits:
TP1= @ 0.86818
TP2= @ 0.87144
TP3= @ 0.87396
TP4= @ 0.87679
TP5= @ 0.87976
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (.086473).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 63 .
Take Profits:
TP1= @ 0.86818
TP2= @ 0.87144
TP3= @ 0.87396
TP4= @ 0.87679
TP5= @ 0.87976
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCAD - BEARISH BIAS=====
MARKET OUTLOOK
=====
NZD - BEARISH
1️⃣ Lower dairy, import and export prices. The fall in prices reflected a decline in the price of dairy products.
2️⃣ Risk-off markets sentiment expected ahead of U.S jobs data.
CAD - BULLISH
1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the Loonie higher.
2️⃣ Rising oil prices underpinned the CAD.
3️⃣ Canada's economic growth in the first quarter remained robust.
=====
TECHNICAL
=====
- We're shorting this pair on SBR level + Pivot level + SMA 50 area on H1 chart.
NZDCAD - BEARISH BIAS=====
MARKET OUTLOOK
=====
NZD - BEARISH
1️⃣ New Zealand’s export prices declined 0.8% in the first quarter of 2021, adding to the decline from a 0.4% fall in the previous period. The market expects only to fall by 0.6%. The fall in prices reflected a decline in the price of dairy products which fell 2.4% and meat which fell 1.5%.
CAD - BULLISH
1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher.
2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022.
3️⃣ Rising oil prices underpinned the CAD.
4️⃣ Canada's economic growth in the first quarter remained robust.
=====
TECHNICAL
=====
- We're shorting this pair on SBR level + SMA50 area + pivot point area on H1 chart.