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NZDCAD

NZDCAD LowerTrying NZDCAD lower here. We have a triangle forming on the 4 hour chart and a slight break to the downside. The narrative has shifted as well. the NZD rate advantage it had has been narrowed slowly and with the BoC pausing rates last week i imagine RBNZ will be next. This was one of the big reasons NZD performed so well. Another reason was that china was reopening, i think with the fall in the Hang Seng index today we could see NZD fall along with it. the canadian economy is also doing better than people expected, jobs numbers are performing well and i think with the economy being resilient and the new zealand economy showing worse economic numbers recently we could see the pair fall. The tightening from central banks this week could also lead to tighter global financial conditions which could mean a fall in stocks and so a fall in NZDCAD. correlations are suggesting lower, rate differentials are moving lower. sentiment is moving lower from extremes and suggesting that the uptrend is running out of steam, positioning was fairly large up until recently as well which is normally a decent sign of a overcrowded position. we do have some bullish stock seasonals this week so might have to watch out for that. Not trading/investment advise, feedback welcome!
Short
by Spinning_
NZDCAD High probability short when the 1D MA100 breaksNZDCAD has turned sideways within a Triangle pattern in the past 30 days, showing the first signs of exhaustion on the incredible rally since October 11 2022. We don't recommend buying this pair anymore but instead we can short with high probabilities of success when the 1D MA100 (green trend-line) breaks. As you see on this chart, since 2015 every time the price broke below the 1D MA100 following a rally of similar magnitude, it always dropped significantly. This is our sell break-out signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCAD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart NZDCAD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes. on H4: Right Chart For the bears to take over, we need a momentum candle close below the last low in gray. Meanwhile, until the sell is activated, NZDCAD can still trade higher or even break the resistance zone . Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
NZDCAD H1: SHORT IT TP +50/+150 pips (BEARS/SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2500+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! NZDCAD H1: SHORT IT TP +50/+150 pips (BEARS/SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT as I expect REVERSAL from overhead resistance near 8740 🔸 Summary and potential trade setup ::: NZDCAD 1hours/candle chart review ::: short from overhead resistance ::: almost maxed out right now ::: expect decent/strong correction ::: BEARS seek to SHORT RIPS/BOUNCES ::: +150 downside from key S/R overhead ::: speculative BEARISH setup ::: recommended strat: SHORT from 8740/8760 ::: reversal setup BEARS speculative C&H ::: BEARISH outlook mid-term ::: TP bears is +50 +150 pips ::: TP1+50 TP2 +150 pips ::: excellent risk:reward on sell side ::: BEARS: SHORT IT from overhead ::: or see lower risk strat above ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS/final PUMP ::: Sentiment outlook mid-term: BEARS/CORRECTION RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
50
NZDCAD long after retest Instrument: NZDCAD Chart pattern: Bullish Flag Optimal technical indicator: RSI DYN 28 EMA 20 Current signal of optimal tech indicator: LONG Optimal technical indicator win-rate: 42% Days for backtesting: 2231 Timeframe for backtesting: 1D Price at the time of forecast: 0,8671 Enter point: 0,8671 Take-profit: on chart Current trailing stop-loss: 0,8579 Multiple for stop-loss strategy in model: ATR(14) x 1 Average trades per month with optimum technical indicator: 3 Average time for 1 trade with optimum technical indicator: 7 Average profit per 1 trade: 0,09% Projected annual return w/o leverage: 5,3% Technical analysis applicability for 3325 technical strategies: 67% Technical analysis recommendations: Long: 100% Short: 0% Neutral: 0% Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.3K technical strategies
Long
by Trading_investing_2021
💵Canadian Dollar/New Zealand Dollar💵Analyze (01/09/2023)!!!The Canadian Dollar/New Zealand Dollar was able to break the uptrend line. Also, we can see Regular Divergence (RD-) between RSI Indicator and Price.👇 I expect the Canadian Dollar/New Zealand Dollar will go down to my 🎯targets🎯. 🔅Canadian Dollar/New Zealand Dollar Analyze ( CADNZD ) 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
NZDCAD: Time to Buy 🇳🇿🇨🇦 Update for NZDCAD. Yesterday, we spotted a confirmed breakout of a key horizontal structure and we underlined a zone from where we should look for buying opportunities. Testing the underlined zone, the price formed an inverted head & shoulders pattern this night. Its neckline was broken. I expect a bullish continuation now to 0.866 / 0.86975 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3