CADNZD trade ideas
Buying NZD/CAD at 0.8318Although we have seen mixed daily results for the last 12 sessions the 8-hour chart suggests we are in the process of completing the BC leg of a large Crab formation. This pattern will be completed at 0.8816. We have support at 0.8316 and 0.8307. On a move through the previous swing low of 0.8288, this pattern is negated. This makes for very favourable risk-reward (11R)
This zone previously attracted buyers on September 9 and 11.
Today we have the Canadian interest rate decision, monetary policy report, monetary policy statement followed later by the press conference. This will be the catalyst. We would prefer to be long (bought) before this release.
SL: 0.8273
TP1: 0.8817
R Rate 11.09
#tradeplan #NZDCAD
NZDCAD BEARS20EMA might cross below the daily 40EMA. Price failed to create new low but 4 hour price is retracing the supply zone for momentum. M15 price closed with a bearish engulfing candlestick, which indicates a reversal on the supply zone. 20EMA below 40EMA on the M1 chart
NZD/CAD (RECAP)Higher timeframe suggests bearish momentum as price has broken above the high(s), pushed to the downside and is currently in the larger continuation phase. We've broken above the hook point to the left and are trading below. I then took this two touch continuation as a risk entry after the pin-bar rejection candle on the 15m timeframe and held up till swaps.
BUY SET UP FOR NZD/CADwait for price to hit that resistance and then buy from there. set SL accordingly
NZDCAD - SHORT series of LH and LL .
Formation of Three black crows at LH (Bearish Engulfing momentum candle)
NZDCAD Is Going Up! Buy!
Here is our detailed technical review for NZDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.838.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.843 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.
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NZDCAD FORECASTTraders! this pair is looking good for this week, as we can see structure are well developing. Everything is good from the higher time frame to the lower timeframe, we just need some development in the lower time frame so that we can capitalize on this! But one thing you need to remember! Always wait for the confirmation before you make decision to enter the market because traders loose money in the good setups due to being aggressive, jumping to the trade early. Remember that confirmation is Key
NZDCAD Potential Upsides Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
NZDCAD market structure breakdown After slipping to weekly lows, we saw price consolidating into a market structure with multiple break of structures ⬇️⬆️. However, we also have valid zones on both side of the trend📈📉 as price has also reached a zone of liquidity in a higher timeframe (Daily)📊.
Market structure as per TF:
1. DAILY - Bullish⬆️
2. 4H - Bearish ⬇️
3. 2H - consolidated (recent market structure shift to bullish, awaiting confirmation of new trend)
Possible trades:
1. 📉Our first trade opportunity is a bearish one targeting our previous week low. Although this is a bearish setup, this is just aligned with just the smalled timeframe and price can possibly reject to give us a fully Bullish trend.
2. ⬆️Our bullish trade will be aligned with our 2H+4H market structure with a recent market structure shift awaiting confirmation. As price has reacted to a pool of sellside liquidity from our daily swing high, we can have a good trade going bullish.
An update will be posted post-market next week📝
THIS IS NOT A TRADE SIGNAL, but a chart breakdown and analysis as per strategy📊
Can go up to the weekly range midpoint Can go up to the weekly range midpoint
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
please tap the supplythis is a textbook short setup for me, we wait for the price action to tap the supply block, then wait for a sell confirmation (according to our rules), then we pull the trigger!!!
major level of resistance will it break?major level of resistance of has been reached 83.782 with what appears lots of consolidations around that zone from lack of volume, we shall continue to monitor to see if there is a break out or reject
NZDCAD Sell idea 18 October Sell idea on the NZDCAD as discussed in my trading room today at tiankriek.com
The NZD is weakening and combined with possible CAD strength I expect price to move to the Fib D
retest of resistance level market is currently retesting previous level of resistance with some signs of rejection on the 30 minute and 15 minute time fame, although it does seem to be breaking through. if it does break, there should be a retest before continuing to the upside
Buy NZDCAD on a Fibonacci RetracementI have gone LONG NZDCAD. On my 4H chart there was a impulse wave breaking the down trend (in yellow). This retraced overnight to the 0.618 Fibonacci level where I entered at 0.8348 SL 0.8290. My target is 0.8465.
My rational for the trade is that on that CAD side oil prices remain under pressure, on expectations that demand will be weak and Israel will avoid a strike on Iranian oil facilities. Also the market believes Canadian may start cutting rates agressively.
On the NZD side although CPI came in as expected later in the New Zealand day (New Zealand) the RBNZ published its own inflation data and this came model came in much higher, at 3.4% y/y. Also I believe the market in generally bullish which favours NZD and AUD.
Let's see what pans out!
NZD/CAD Tests Key Demand Area with Bullish Signs EmergingIn the last three days, the NZD/CAD pair has retested a crucial demand area, showing a clear rejection, which indicates potential buying interest at this level. Supporting this outlook, the Commitment of Traders (COT) report reveals that retail traders continue to hold predominantly short positions, while "Smart Money"—institutional investors—are steadily increasing their exposure to the pair. Additionally, though less significant, the price has reacted to the 61.8% Fibonacci retracement level from the swing low, adding another technical layer to the current scenario.
Large speculators have already shifted to a bullish stance, signaling growing confidence in the New Zealand Dollar (NZD) relative to the Canadian Dollar (CAD). This shift in market sentiment could pave the way for a potential long setup, especially as seasonal trends indicate further upside potential for the NZD/CAD pair.
From a technical perspective, the combination of the demand zone rejection and the bullish movement in institutional positioning suggests the possibility of an upward move. Traders will be closely observing the price action over the coming days for signs of a breakout, which could provide an opportunity to enter long positions in line with the growing bullish sentiment surrounding NZD/CAD.
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NzdCad Trade IdeaI sent out a publish on NC for a possible short opportunity with price still being overall bearish. There was a daily HL at 84300 that was broken on the higher time frame with smaller time frames showing bearish structure to confirm our new trend. I wanted to see price flip after pulling back to retest that daily HL to confirm we are definitely heading to the downside. At this point all time frames are in sync and is pointing to the downside. The percentage and probability of price hitting targets is high so I'll personally be entering shorts on this pair now.
NzdCad Trade UpdateIf you look at my previous NC set up and analysis breakdown you'll know why I'm personally shorting the pair. Price is playing out nicely while still floating in profit. Once price pulled back to retest I decided to short on a bearish engulfing on the hourly time frame. Notice how price pulled back with bullish structures. It seems like price is retesting the break of structure before continuing to the downside. I personally decided to move stops to break even with price respecting the flip as planned. I personally don't want to see price go any higher which is why I decided to move my stops. I'm currently risk free.
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 0.83803
1st Support: 0.8121
1st Resistance: 0.84314
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NZDCAD Pattern FormationThis currency has been forming a rising flag pattern (according to 1D timeframe) and the trend wants to complete the pattern by touching the lower trendline at 0.817.
According to the lower timeframes, there is the formation of a falling wedge, and this will help us come up with an entry position. We will wait for the price to break out of the formation and retest the zone so that we can enter our trade.
Lingrid | NZDCAD short from PSYCHOLOGICAL levelThe price perfectly fulfilled my previous idea. FX:NZDCAD is making lower lows and lower highs, indicating a bearish trend. Recently, the price action showed a pullback from the support level and is currently moving sideways after the bearish momentum. I anticipate that the market may consolidate between the levels of 0.84000 and 0.82500 because the markets usually move sideways after the strong movement. Therefore, I expect the price to bounce off both the psychological level and the downward trendline. My target is support level at 0.82780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
