Get started

CANADIAN DOLLAR / NEW ZEALAND DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

CADNZD trade ideas

Exploring the Link Between USD Strength and Bearish NZDCADHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83050 zone. NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83050 support and resistance area. Adding a fundamental layer to our analysis, it's crucial to consider the impact of USD strength on global markets. A stronger USD often leads to bearish sentiment in global stocks due to its negative correlation with risk assets. As investors flock to the safety of the US dollar during times of uncertainty, riskier currencies like the New Zealand dollar (NZD) tend to weaken. Consequently, bearish sentiment in stocks can translate into downward pressure on NZDCAD as traders seek safer havens. Trade safe, Joe.
Short
by JoeChampion
NZDCAD H1 | Potential bullish breakoutNZD/CAD is rising towards a potential breakout level and could potentially break through this level to climb higher. Buy entry is at 0.82394 which is a potential breakout level. Stop loss is at 0.82080 which is a level that sits under a pullback support. Take profit is at 0.82721 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
NZDCAD - Short from resistance ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from resistance zone for a potential short. Fundamental news: Tomorrow we will see results of Unemployment Rate on NZD and on Friday on CAD. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
70% chance for a downside movementTechnical analysis and probabilities NZDCAD is currently moving between oblique support zone and the resistance zone. Several signs tell me that this will cause a downward movement. All the signs are listed below: Technical Its a down trend with lower high The Oblique Resistance The Horizontal Resistance zone Prababilities: 1. There is 70% chance for a new BOS by the downside 2. There is 29% chance for a BOS by the upside 3. There is 60% chance that probabilities 1 and 2 become true
Short
by Arii_V
NZDCAD Short - FVG SMC Orderblock📉 NZDCAD Short Trade Setup - Observing FVG SMC Orderblock 🔍 Technical Analysis: NZDCAD presents a potential short opportunity as it nears the FVG SMC Orderblock. Historical analysis indicates this zone has served as significant resistance. Monitoring for bearish signals to confirm entry. 📊 Trade Plan: Entry Point: Consider short position upon rejection or bearish confirmation within the FVG SMC Orderblock. Stop Loss: Place above recent swing high to manage risk. Take Profit: Targeting support levels or prior lows. 🚨 Risk Management: Employ sound risk management strategies. Stay updated on economic events impacting NZD and CAD. 📈 Disclaimer: Not financial advice. Perform own analysis. Trade responsibly. 👉 Note: Stay vigilant for real-time price movements and adjust strategy accordingly. Happy Trading! 🌐💹
Short
by MAAwan
NZDCAD - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCAD has been overall bearish , trading within the falling channel in blue. At present, NZDCAD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #NZDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a top bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
1