Hi Traders! NZDCAD short term forecast update and follow up is here. On September 11th 2025 I shared this “NZDCAD Technical Analysis And Short Term Forecast” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Home Trader Club. Spoiler alert – free memberships are available!
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My Idea
On the H1 chart, we have a strong bullish momentum and also currently there are no signs opposing this short term bullish view. Also while measuring this strong bullish move we have two key support zones that has formed. The first key support zone is formed based on the 23.6%(0.82062) – 38.2%(0.81775) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(0.81544) – 61.8%(0.81312) Fibonacci retracement levels of the strong bullish move. Until both these key support zones shown in the image below (marked in green) holds my short term view remains bullish here and I expect the price to move higher further after retraces.
NZDCAD H1(1 Hour) Chart Current Scenario
Based on the above-mentioned analysis my short-term view was bullish here and until the two key support zone holds I was expecting the price to move higher further. The price action didn’t follow my analysis here and this idea failed. After the strong bullish move, the price which was moving lower reached the second key support zone but the price didn’t hold in this zone as I expected it to. The price moved lower further and we got a valid breakout below this second key support zone thus invalidating the bullish view here.
So traders, this is why I wanted to show this example to help you understand why we should always trade based on the facts and hints provided by the market and take the right actions according to that. Even though we had various facts supporting the bullish view, the price didn’t hold in both the key support zones as I expected it to and the price broke below them, which is a contradictory sign provided by the market opposing the bullish view. Also, you should keep in mind that losses are part of trading we can’t expect every trade to go as per our plan and provide us profits. In trading, we can’t avoid losses but in order to be successful in trading, we should know how to cut losses early and how to manage the trade when the price goes in the opposite direction.
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Arvinth Akash
Home Trader Club Team.
