#NZDCAD: LONG POSITIONThere is H4 demand zone that is nested in daily demand zone in control. then it's decent opportunity for long.
CADNZD trade ideas
NZDCADGreetings!
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NZDCADGreetings!
Welcome traders.
By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well.
Wishing you a pleasant day.
NZD CAD downside move possibleNZD CAD downside move possible
Selling below the 0.83068
Stoploss 0.84348
Target 0.79854
My view about NZDCAD According to my analysis of NZDCAD, I have observed that there has been a break in the minor trend and it appears that the currency pair may fall from the resistance area that I have marked on the chart for the FIB retracement. Additionally, upon retrace, it seems that NZDCAD may reach the higher time frame's previous high.
Based on my strong analysis, I believe that there are chances of a downward movement once the pair touches the high, which is also evident in my prediction in the chart. It's important to note that there may even be chances that the major trend will break downwards.
Overall, my analysis suggests that there could be a potential decline in NZDCAD in the coming days. However, it's essential to consider any external factors that may affect the currency pair's movement. Let's keep an eye on it!
FOMC and CPI news increased NZD positionFollowing the Canadian CPI report and related FOMC minutes, the Canadian dollar remained unchanged from its base of 1.3700. In case you missed the data, both headline and core inflation are down slightly, potentially leading the Bank of Canada (BoC) to take a more neutral/accommodative stance.
Central bank governor Tiff Macklem is speaking out, and given his recent comments that minimal growth and inflation are now easing, the message of caution may be clear. Currently, the foreign exchange market predicts that interest rates will be cut by a cumulative 80 basis points by December 2024, and that monetary easing will begin around April to June.
PTKT: Given the decline in the Canadian dollar, investors can resort to a “buy NZDCAD” strategy at the current price, stop loss 0.8220 and target 0.8350.
NZDCAD BUYMarket now breakout the correction phase of bullish Flag pattern formation. It's time to buy opportunity
#NZDCADDear Friends See the NZDCAD Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel forget the Instant Notification of Every New Analysis
NZDCADWe saw NZDCAD Long Because NZDCAD Falling wedge Breakout or Retest Complete. or make Double Bottom.
NZD/CAD: Bearish Engulfing Signals Potential Trend ReversalDescription:
The NZD/CAD chart is currently exhibiting a notable technical pattern that may signal a shift in market sentiment. A bearish engulfing pattern has emerged, featuring a smaller bullish candle followed by a larger bearish candle that completely engulfs its predecessor.
Technical Analysis:
The bearish engulfing pattern often indicates a transition from a bullish phase to a bearish one. This suggests a potential weakening of the previous upward trend, with sellers gaining momentum. Traders interpreting this pattern may anticipate further downward movement in the NZD/CAD pair.
Key Considerations:
Effective trading involves a comprehensive analysis. It's essential to supplement this technical insight with a holistic view of other indicators, prevailing market conditions, and fundamental factors influencing the currency pair.
Risk Management:
Prudent risk management is paramount. Traders are advised to implement risk mitigation strategies such as setting stop-loss orders to manage potential losses in this evolving market scenario.
Nzdcad: short positionPrice arrived to Daily resistance level and create H1 supply zone there, then we expect price decline and give us the propriate short position.
NZD CAD downside move possibleNZD CAD downside move possible
Selling below the 0.79912
Stoploss 0.80857
Target 0.78014
SELL NZDCAD BREAKOUT N RETESTbreak out hogya h & s pattern ka and retest kr
chuka h wait for long red candle then take the
entry
NZD CAD upside move possibleNZD CAD upside move possible
Buying above the 0.82166
Stoploss 0.81382
Target 0.83951
NZDCADDear Friends Find NZDCAD pair H4 Analysis .. See the same and you can Choose Martingale Strategy .. and also subscribe my Tradingview Channel
NZD USD upside move possible NZD USD upside move possible
Buying above the 0.84102
Stop loss 0.83097
Target 0.84906
Target 0.85967
Target 0.86924
Target 0.87734
#NZDCADDear Friends See the NZDCAD Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders.
NZDCAD Sell LimitHere you can see sell opportunity 10-20 pips scalp trade.. from my ULTRA powerful zone,
Note: News time these technical will not work. So, be careful.
NZDCAD 4 Hour Analysis (28 June 2023)NZDCAD 4 Hour Analysis (28 June 2023)
1. Price is in bearish divergence with Stoch
2. Price is also following the important fib
levels
3. The KL is very important for bearish
break confirmation
4. for bullish break we need to check the
0.382 fib line break
So, we can wait and have one entry here
