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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

Heading into 61.8% Fibonacci resistance?NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84183 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.84705 Why we like it: There is a pullback resistance level. Take profit: 0.83230 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
BUY NZDCAD uptrend continuation STOP LOSS : 0.8325BUY NZDCAD uptrend continuation STOP LOSS : 0.8325 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
NZDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.834. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.831 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
NZD/CAD- 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : NZD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 0.83250 Area Reasons - Major Turn levl - Visible Range hvn - Channel Break - Choch Zone - Day / week low Bullish Reversal 0.81500 Area Reasons - Major Turn level - Pattern Target - Choch Zone - Quarters Area - Fibo Golden
Short
by GentleGoldenEngine