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New Zealand Dollar vs Canadian Dollar

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NZDCAD trade ideas

Swing Trading Strategy for NZDCAD (4-Hour Chart)Based on the NZDCAD 4-hour chart that you provided, the following analysis and swing trading strategy can be established: Chart Analysis: Main Trend: The price showed a downward trend from late August to late September, forming a bottom around the 0.8220 region. Afterward, the price has rebounded, creating higher highs and higher lows, indicating a temporary uptrend forming. The 33-week EMA is currently below the price, which signals short-term bullish momentum. Support and Resistance Levels: Support: Strong support around the 0.8220 - 0.8240 zone, as this is the recent bottom. Resistance: Current resistance near 0.8541, close to the recent peak in September. Trend Line and EMA: The price is bouncing off the 33-week EMA and approaching the strong resistance level near 0.8400. This suggests that if the price breaks this resistance, the bullish trend could continue. Swing Trading Strategy: Buy on a Break of 0.8400 Resistance: When the price breaks above the 0.8400 resistance level with increasing volume, this is a potential buy signal. Entry Point: Open a buy position when the price closes a 4-hour candle above 0.8400. Stop Loss: Place a stop loss below the nearest support level, around 0.8300, as this is a key price level that could hold in case of a short-term pullback. Take Profit: The profit target can be set around the 0.8540 level, which corresponds to the key resistance zone. If the price reaches this resistance and trading volume weakens, you might consider taking full or partial profits to lock in gains. Strategy Summary #NZDCAD: Buy: When the price breaks above 0.8400. Stop Loss: Set below 0.8300. Take Profit: Around the 0.8540 resistance level. Given the volatility in the forex market, continuous monitoring and adjusting the strategy are essential. Ready to start trading and learning? Get $10,000 in virtual money and learn how to trade with a market-leading broker. Sign up for an Exness account today using this link: Web in Profile of me! Thank!
Long
by ngohungsky941
2
NZDCAD MULTI TIME FRAME ANALYSIS Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
NZDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
NZDCAD View!!Markets increased the likelihood of a surprise rate hike this week so while the outcome came somewhat as a surprise, outcome had gained traction in recent days. Last week Wednesday markets priced in 16 basis points (bps), but ahead of the announcement it had risen to 20 bps. Unemployment has picked up; and while GDP growth improved in Q1 compared to Q4, it still disappointed when viewed alongside estimates. Low growth and inflation combined with rising unemployment provides a mix that the committee believed justified a rate cut today.
Short
by FXBANkthe8055
NZDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
NZDCAD SHOWING A LONGTERN UP MOVE WITH 1:10 RISK REWARDNZDCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
NZDCAD View! Intraday!The Bank of Canada (BoC) voted to cut interest rates at its June meeting from 5% to 4.75%, relying on its improved confidence that inflation is heading lower. The BoC highlighted the declining three-month measure of core inflation as one of the indications that CPI is heading lower but Governor Tiff Macklem also issued caution that the further progress is likely to be uneven and risks remain. The main risks to the inflation outlook include rising wage growth, the potential for escalating global tensions and the threat of house prices rising faster than anticipated.
Short
by FXBANkthe8055
NZDCADNZD/CAD 4-Hour Analysis: Bullish Trend Reversal with Retest Strategy Chart Overview: This NZD/CAD 4-hour chart analysis highlights a recent bullish reversal pattern and identifies potential retest and continuation patterns. The analysis marks critical support and resistance zones, along with key swing highs (LH) and lows (LL), indicating potential price movements. Key Points: Trend Analysis: The chart shows a consistent bearish trend characterized by lower highs (LH) and lower lows (LL). Recent price action indicates a break in this pattern with the formation of a higher low (HL), suggesting a potential trend reversal. Support and Resistance Levels: Support: Significant support levels are marked around 0.8335 (purple zone). This zone was a previous resistance area and is expected to provide strong support after the breakout. Resistance: The next key resistance level to watch is around 0.8395. Bullish Reversal Signal: The price has broken above the key resistance zone at 0.8335, indicating a potential reversal from the bearish trend to a bullish trend. The price is currently trading above the support zone, indicating a potential bullish continuation. Potential Price Path: The analysis suggests a pullback towards the support zone around 0.8335, followed by a bullish continuation towards the next resistance level around 0.8395. The projected price path is indicated by the upward arrow, showing the expected move after the pullback. Market Sentiment: The sentiment is bullish given the breakout above the resistance zone and the support holding. Traders should look for higher lows (HL) and higher highs (HH) to confirm the bullish trend. Trading Plan: Look for buying opportunities on pullbacks towards the support zone around 0.8335. Consider placing stop-losses just below the support level to manage risk. Target the resistance level around 0.8395 for potential take-profits. This analysis suggests a potential bullish continuation for NZD/CAD, with buying opportunities on pullbacks towards the support zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Long
by harshkjogadia
NZDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading