Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.81639 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.81898 Why we like it: There is a pullback resistance level...
Traders, In today's trading session, our attention is directed towards NZDCAD, where we're eyeing a potential selling opportunity around the 0.82700 zone. As NZDCAD charts a downtrend, it's currently amidst a correction phase, edging closer to the crucial support and resistance area at 0.82700. Adding depth to our analysis, it's essential to consider the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCAD has been overall bearish, trading within the falling channel in red. Currently, NZDCAD is approaching the lower bound of the channel. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as...
Hey Traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.82800 zone, NZDCAD is trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.82800 support and resistance area. We would also consider the current bearish bias on stock market and...
The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails,...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83350 support and resistance area. the New Zealand economy is heavily reliant on its agricultural exports, particularly dairy products,...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #NZDCAD. NZDCAD is hovering around a weekly resistance, so we will be looking for sell setups on lower timeframes. On H1, we are waiting for a break below the last major low to sell. Once the sell is activated, the stop loss...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 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 at 0.83800 support and resistance area. Trade safe, Joe.
Price feverses back from hourly level and shows continuation candle pattern. Sell order triggered
Price near resistance zone. Price could retest one of the previous lows.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83050 zone. NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83050 support and resistance area. Adding a fundamental layer to our analysis, it's crucial to consider the impact of USD strength on...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82150 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82150 support and resistance area. Trade safe, Joe.
NZDCAD Sell Limit 1:21RR Nzdcad been falling for a few months now making it a bearish trend on the high time frame. Hoping it'll drop more torwards my Buy Target
Hello TradingView Family / Fellow Traders, On Daily: Left Chart NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following sell setups on lower timeframes. On H1: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low in gray. 📉 Meanwhile,...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82300 support and resistance area. Trade safe, Joe.
Greetings Traders, In tomorrow's trading session, our focus is on NZDCAD as we actively monitor a potential buying opportunity around the 0.83400 zone. Riding an uptrend, NZDCAD showcases a sustained upward trajectory, indicating favorable market dynamics. Simultaneously, the currency pair is navigating a correction phase, gradually converging towards the trend...
Let’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm...
Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.82350 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82350 support and resistance area. Trade safe, Joe.