NZD_CAD REBOUND AHEAD|LONG|
✅NZD_CAD will soon retest a key support level of 0.8320
So I think that the pair will make a rebound
And go up to retest the supply level above at 0.8364
LONG🚀
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CADNZD trade ideas
NZDCADAnalysis and signal of the currency pair New Zealand dollar against the Canadian dollar
Support and important number 0.83500
Target 0.84400
NZDCAD In Bullish TrendNZDCAD is on weekly support and will probably bounce back from here, and it will start its bullish trend. According to seasonality its bullish, Entry, Stoploss, and take profit is already mentioned on the chart.
NZDCAD View!!In addition, there is the global economy to worry about and the signals from oil and other commodities are poor. Brent and WTI today settled at the lowest since 2021, iron ore has plunged lately and copper is back to $4/lb.
Finally, the yen carry trade isn't showing any signs of recovery after the battering in August. If anything, the growth-sensitive trades are flagging the risk of another leg lower.
07.10.24 Morning ForecastPairs on Watch -
FX:NZDUSD
FX:AUDUSD
FX:NZDCAD
FX:EURUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
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.
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A STRONG SELL SETUP FOR THE NZDCAD THE PAIR SEEMS TO BE IN STRONG BEARISH MOMENTUM.
The New Zealand dollar is fundamentally weak and and Canadian Dollar is strong where as in accordance with the DOW theory NZDCAD is also in bearish trend as per our trading Strategy of Monday Blues.
What are your views ?????
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)
Long Opportunity in NZDCADAfter significant price losses, the NZDCAD currency pair is showing signs of stabilization in the area of an important support zone. We are taking this opportunity to position ourselves long in NZDCAD.
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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NZDCADWe can attempt to short NZDCAD from specified level if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
NZDCADA falling wedge is a technical analysis chart pattern that signals a potential bullish reversal. It occurs when the price of an asset consolidates between two downward-sloping trendlines, where the upper trendline (resistance) is steeper than the lower trendline (support). The pattern indicates that the asset's price is making lower highs and lower lows, but the rate of decline is slowing, suggesting a potential breakout to the upside.
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.
possibility of reaction...Hello friends.
According to the drawn trend line and the reaction we had,
I expect to rise up to the specified range.
what is your opinion?
Good luck.
# Let's look simply
NZDCAD in an Ascending ChannelNZDCAD in an Ascending Channel
Technical Analysis:
NZDCAD is moving inside a daily "Ascending Channel"
From the chart, we can see that the price respected the support zone of the pattern several times.
Currently, the price is testing 0.8150 and the support line can attract more buyers thus rising the bullish momentum.
However, it's a bit early to say that it will rise but we can watch for reversal signs near to
the current zone.
You may find more details in the chart!
Thank you and Good Luck!
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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.
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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 BULLSOn the Weekly and Daily chart price is moving downwards. Price retrace the 61.8% Fibonacci level on the 4 hour chart. FVG filled. Wait for a reversal candlestick.
NZDCAD BULLSRetracement to ward the low that created a new HH and broke structure. Current demand zone is the POI... Currently waiting for price to pull-back to the demand zone for buy entries!
Nzdcad sells Selling NC again break and retest of this trendline, sending her back to the downside tp 0.82830
NZDCADNZDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
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.
