NZDCAD - Bearish TradeNZDCAD in bearish trend formed Descending triangle.
Which is a bearish continuation pattern.
If price crosses down Lower low, it will continue the trend.
CADNZD trade ideas
NZDCAD 4H Analysis: Bullish Setup with Key Level to WatchThis is my analysis for NZDCAD on the 4H timeframe. The price is forming a potential bullish setup, currently testing a crucial trendline. If price breaks and holds above 0.84321, we could see a continuation to the upside, with the target around 0.86138. However, if the green key level at 0.82942 is broken, it will invalidate the whole buy setup, signaling a possible shift in market direction. Watch closely for price action at these levels for confirmation.
NZDCAD 4H Analysis: Bullish Setup with Key Level to Watch
This is my analysis for NZDCAD on the 4H timeframe. The price is forming a potential bullish setup, currently testing a crucial trendline. If price breaks and holds above 0.84321, we could see a continuation to the upside, with the target around 0.86138. However, if the green key level at 0.82942 is broken, it will invalidate the whole buy setup, signaling a possible shift in market direction. Watch closely for price action at these levels for confirmation.
NZDCAD: Intraday Bearish Movement 🇳🇿🇨🇦
Similarly to NZDUSD, NZDCAD looks bearish after
a test of a key horizontal resistance.
The price formed a tiny horizontal range on that
and violated its support after a release of US fundamentals.
The price may continue falling now at least to 0.8309
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Trae idea NZD/CAD and AUD/USDI wil show this to the community for what i am gonna trade for this day.
nzdcad trade idea started the analysi from the higher time frame and striped down to thelower tf to find entries if you watch the video you will see that i had basicaly two entry sstem to allow me be a aprt of the bearish continuation ts a simple trand, resistance and suport idea, fx alexg is a mentor and ict aswell a mix of the two with sound logic is my model do well to share your views i would be in the comments
NZDCAD BEARSFailed to create low so price will pull back to the supply zone for bearish pressure. Equal highs = SSL (red arrows). Quick buy toward the supply zone. If price rejects and closes with a reversal candlestick on the 50% or 61.8% Fib level, enter sells.
NZDCADNZDCAD is currently falling due to weaker New Zealand economic data and stronger Canadian Dollar, supported by rising oil prices. Key support levels may determine if the downtrend continues.
Buying NZD/CAD at 0.8318Although we have seen mixed daily results for the last 12 sessions the 8-hour chart suggests we are in the process of completing the BC leg of a large Crab formation. This pattern will be completed at 0.8816. We have support at 0.8316 and 0.8307. On a move through the previous swing low of 0.8288, this pattern is negated. This makes for very favourable risk-reward (11R)
This zone previously attracted buyers on September 9 and 11.
Today we have the Canadian interest rate decision, monetary policy report, monetary policy statement followed later by the press conference. This will be the catalyst. We would prefer to be long (bought) before this release.
SL: 0.8273
TP1: 0.8817
R Rate 11.09
#tradeplan #NZDCAD
NZDCAD BEARS20EMA might cross below the daily 40EMA. Price failed to create new low but 4 hour price is retracing the supply zone for momentum. M15 price closed with a bearish engulfing candlestick, which indicates a reversal on the supply zone. 20EMA below 40EMA on the M1 chart
NZD/CAD (RECAP)Higher timeframe suggests bearish momentum as price has broken above the high(s), pushed to the downside and is currently in the larger continuation phase. We've broken above the hook point to the left and are trading below. I then took this two touch continuation as a risk entry after the pin-bar rejection candle on the 15m timeframe and held up till swaps.
BUY SET UP FOR NZD/CADwait for price to hit that resistance and then buy from there. set SL accordingly
NZDCAD - SHORT series of LH and LL .
Formation of Three black crows at LH (Bearish Engulfing momentum candle)
NZDCAD Is Going Up! Buy!
Here is our detailed technical review for NZDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.838.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.843 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NZDCAD FORECASTTraders! this pair is looking good for this week, as we can see structure are well developing. Everything is good from the higher time frame to the lower timeframe, we just need some development in the lower time frame so that we can capitalize on this! But one thing you need to remember! Always wait for the confirmation before you make decision to enter the market because traders loose money in the good setups due to being aggressive, jumping to the trade early. Remember that confirmation is Key
NZDCAD Potential Upsides Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
NZDCAD market structure breakdown After slipping to weekly lows, we saw price consolidating into a market structure with multiple break of structures ⬇️⬆️. However, we also have valid zones on both side of the trend📈📉 as price has also reached a zone of liquidity in a higher timeframe (Daily)📊.
Market structure as per TF:
1. DAILY - Bullish⬆️
2. 4H - Bearish ⬇️
3. 2H - consolidated (recent market structure shift to bullish, awaiting confirmation of new trend)
Possible trades:
1. 📉Our first trade opportunity is a bearish one targeting our previous week low. Although this is a bearish setup, this is just aligned with just the smalled timeframe and price can possibly reject to give us a fully Bullish trend.
2. ⬆️Our bullish trade will be aligned with our 2H+4H market structure with a recent market structure shift awaiting confirmation. As price has reacted to a pool of sellside liquidity from our daily swing high, we can have a good trade going bullish.
An update will be posted post-market next week📝
THIS IS NOT A TRADE SIGNAL, but a chart breakdown and analysis as per strategy📊
Can go up to the weekly range midpoint Can go up to the weekly range midpoint
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
please tap the supplythis is a textbook short setup for me, we wait for the price action to tap the supply block, then wait for a sell confirmation (according to our rules), then we pull the trigger!!!
major level of resistance will it break?major level of resistance of has been reached 83.782 with what appears lots of consolidations around that zone from lack of volume, we shall continue to monitor to see if there is a break out or reject
NZDCAD Sell idea 18 October Sell idea on the NZDCAD as discussed in my trading room today at tiankriek.com
The NZD is weakening and combined with possible CAD strength I expect price to move to the Fib D
