Hello Traders, Here is my outlook on NZDCAD. The NZDCAD currency pair is currently experiencing a bearish trend on the H1 timeframe. Last week, it underwent a correction and reached the price level of 0.82107, which coincided precisely with the 0.382 Fibonacci golden ratio. This price level acted as a significant resistance point, leading to a subsequent...
Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released Unemployment Rate on...
Waiting for a retest of 1.65185 to short NZDCAD back to Daily swing lows at 0.80398 If you agree drop a like and if you have any questions leave a comment :)
Based on long-term analysis, nzdcad is in sell position. Therefore, it is suggested to enter the sell transaction in the sensitive range that is displayed with colored highlights after obtaining confirmation.
Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I said in my previous analysis, price started bearish move, now I will wait to add more short position, so my point of interest is if price makes a retracement to fill the imbalance higher and then rejects from institutional mid figure 0.82500. Fundamental analysis: This week on Friday...
Waiting for a retest of 1.32050 to short NZDCAD back to 4H swing lows at 0.80410 If you agree drop a like and if you have any questions leave a comment :)
In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour and 2 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.85585 and entering on the 2 hour timeframe to keep the stop loss small. Trade at your own...
In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and...
Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I expected in my previous analysis price made a retracement, filled the imbalance and then rejected from 4H bearish order block + institutional big figure 0.84000. Like, comment and subscribe to be in touch with my content!
Entry point :- 0.83494 Stop lose :- 0.84306 Target 1 :- 0.8286 Target 2 :- 0.8187 Target 3 :- 0.8106 Target 4 :- 0.8025
NZD-CAD is trading in a Downtrend and the pair Will soon retest a resistance Cluster of the falling and Horizontal resistance levels At around 0.84113 and from Where I will be expecting A move down !
NZD-CAD has retested the Horizontal resistance level Of 0.82574 and we are already Seeing a nice bearish Reaction so I think that We can expect a local Move down!
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.
Daily bias Over all trend is bearish. If you look at the chart this pair has been making lower highs and lower low. The Daily candle close is bearish with a big tail. Adding the Bollinger Band u can see that it has shown a Bollinger band spike signalling a possible return to the mean. Some more markups on daily chart 4h- price...
FX:NZDCAD on this forex pair, we are looking at selling this pair in the long term. Market Direction Weekly TF: down Daily TF: down H4 TF: up we can see clearly that the market is currently retracing using the H4 trend POINTS OF SELL INTEREST Daily sell zone: 0.82600 zone as marked in the chart is a perfect area to sell from the daily perspective,...
According to my analysis, the New Zealand dollar against the Canadian dollar (NZDCAD) is expected to experience a bearish trend. This assessment is based on the presence of a Hidden Bearish Divergence on the 1-hour timeframe, which indicates a potential reversal zone. A Hidden Bearish Divergence occurs when the price of an asset forms higher highs, but the...
I see if the movement in this pair today is likely to experience correction conditions first. Although the movement on large TFs still tends to be bullish.
NZDCAD after breaking the 200EMA is still show sign of reversing to the downside, checking from the Stoch RSI the pair has oversold and there is possibility it would drop down, and on the other hand we are mindful of the bull taking over the market from the point of the market now. Bullish Target; 0.82956 Bearish Target; 0.81837, 0.81670, 0.81315, 0.81000 Dont...