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NZDCAD

NZDCAD Will Go Down! Short! Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.818. Considering the today's price action, probabilities will be high to see a movement to 0.814. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
NZDCAD → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
NZDCAD: 05/04/2024 Swing Selling Idea! NZDCAD looking at 2-DAY timeframe, we have successfully identified, about future move of the pair, price have dropped significantly and currently doing some major correction, in our view price previously have done the similar movement. Although, the price is bit far away from our selling zone, still it is very likely that it will take sometime to reach our premium selling zone. We strongly recommend to have some patience and let the price come to the zone before buying or selling as we eying on the big move and it take times. Have a great weekend, we will meet you next week with updates and new ideas.
Short
by Setupsfx_
7
Unlocking the Correlation: NZDCAD's Dance with StocksTraders, 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 fundamental landscape. The current bearish sentiment prevailing in stocks and indices casts a shadow over NZDCAD, primarily due to their positive correlation. When stocks and indices decline, the New Zealand dollar (NZD) tends to weaken against the Canadian dollar (CAD), reflecting the risk-off sentiment that accompanies declines in equity markets. This positive correlation between NZDCAD and stocks can be attributed to several factors: 1-Risk Appetite: The New Zealand dollar is often viewed as a risk-sensitive currency, meaning it tends to strengthen during periods of risk appetite and weaken during risk aversion. In contrast, the Canadian dollar is often considered a commodity currency, influenced by factors such as oil prices and global economic growth prospects. 2-Commodity Prices: Both New Zealand and Canada are significant exporters of commodities, and their respective currencies can be sensitive to changes in commodity prices. A decline in global commodity prices, driven by concerns about economic growth or demand, can weigh on both the NZD and CAD, contributing to their correlation. 3-Global Economic Outlook: Changes in the global economic outlook can impact both stocks and currencies. In times of economic uncertainty or slowdown, investors may seek safer assets, leading to declines in both stocks and risk-sensitive currencies like the NZD. Therefore, with stocks and indices exhibiting a bearish bias, NZDCAD faces increased pressure, aligning with its positive correlation with equities. This correlation underscores the interconnectedness of different asset classes and the importance of considering broader market trends when analyzing currency pairs. Trade wisely, Joe
Short
by JoeChampion
1
📈💰💡 Review: NZD/CAD Analysis 💡💰📉📈💰💡 Review: NZD/CAD Analysis 💡💰📉 NZD/CAD has caught the attention of traders as it capitalizes on previous liquidity points. This pair has exhibited a promising trend, drawing interest for potential trading opportunities. 🔍 Analyzing the lower time frames reveals clear entry points and potential targets, as indicated on the chart. The bullish sentiment seems evident, with the pair eyeing upward movements. 💼 Traders should keep a close watch on NZD/CAD for potential buy signals, leveraging the insights provided by recent liquidity grabs. This pair holds promise for those seeking profitable trading opportunities. 📊 Overall, NZD/CAD presents an enticing prospect for traders, with clear targets and entry points visible on lower time frames. Keep an eye on this pair for potential gains! 🚀💸 📈👀🎯 🔍💼📊 💡💰📉 Happy trading! 🌟📈💵
Long
by Asif_Brain_Waves
NZDCAD - Short active ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and then rejected from bearish order block + institutional big figure 0.82000. Fundamental news: On Wednesday we will see results of Interest Rate on NZD and CAD, news with high impact on currencies, so pay attention to the results in order to validate the direction. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDCAD Is Going Down! Short! Here is our detailed technical review for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.807. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.804 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!
Short
by SignalProvider
1
NZDCAD → Trade Idea | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY NZDCAD ! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
2
AUDCAD SELL SIGNALHello guys! its your girl forex potato, i have followed this pair for over a month now looking for signals, finally found one having missed NZDCAD entry. AUDCAD has been a consistent downtrend for a long time now, it retraced and and now the trendline formed from pull back has finally broken and price is showing a sign of weakness indicating that the sellers are currently strengthened. CONFLUENCES: Price is in a downtrend Pull back trendline is broken Bearish engulfing Double top Hit the follow botton and boost button and let me see your comments if you have a different opinion
Short
by ForexPotatoe
NZDCAD:🟢Buy Opportunity🟢 As you can see, the price swept the liquidity below the previous day's low and shifted the market structure. Now we can expect that the price move lower to collect the inducement and then move higher. We can define buy-side liquidity as the first target and the previous day's high as our final target. Please pay attention: We need LTF confirmation in this scenario. 💡Wait for the update! 🗓️27/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
5
NZDCAD - Already OverSold ❗️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 it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #NZDCAD is hovering around the circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst