NZDCAD: Consolidation ContinuesThe market is currently consolidating within a broad horizontal range on the 4-hour timeframe.
Following a test of the range resistance, a significant bearish engulfing candle emerged, indicating a confirmed change of character (CHOCH).
Based on this analysis, a potential price decline towards th
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NZDCAD: Stuck in a Range And Showing Signs of a DropNZDCAD: Stuck in a Range And Showing Signs of a Drop
NZDCAD has been moving sideways for a while, trading between 0.8060 and 0.8125. This has created a clear range pattern.
Each time price hits the bottom of the range, it bounces up. And each time it reaches the top, it pulls back down.
Right no
Bullish bounce off?NZD/CAD is falling towards the support level that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.80937
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.80659
Why we like it:
There
NZD/CAD LONG FROM SUPPORT
NZD/CAD SIGNAL
Trade Direction: long
Entry Level: 0.807
Target Level: 0.814
Stop Loss: 0.803
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDCAD is BullishPrice was in a strong downtrend, however now it seems that bulls are trying to assume control of the price action. For the past two weeks price is hovering within a range, that has led to a bullish divergence and triple bottom patterns, all hinting a reversal. If previous lower high is broken with g
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of NZDCAD is 0.80867 CAD — it has increased by 0.08% in the past 24 hours. See more of NZDCAD rate dynamics on the detailed chart.
The value of the NZDCAD pair is quoted as 1 NZD per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 NZD.
The term volatility describes the risk related to the changes in an asset's value. NZDCAD has the volatility rating of 0.52%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The NZDCAD showed a 0.84% rise over the past week, the month change is a −0.25% fall, and over the last year it has decreased by −3.34%. Track live rate changes on the NZDCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
NZDCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade NZDCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with NZDCAD technical analysis. The technical rating for the pair is strong sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the NZDCAD shows the sell signal, and 1 month rating is sell. See more of NZDCAD technicals for a more comprehensive analysis.