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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

Bearish drop?NZD/CAD has reacted off the pivot which has been identified as a pullback support and could drop to the 1st support level that acts as an overlap support. Pivot: 0.84367 1st Support: 0.83700 1st Resistance: 0.84969 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
NZDCAD in an Ascending ChannelNZDCAD in an Ascending Channel Technical Analysis: NZDCAD is moving inside a daily "Ascending Channel" From the chart, we can see that the price respected the support zone of the pattern several times. Currently, the price is testing 0.8150 and the support line can attract more buyers thus rising the bullish momentum. However, it's a bit early to say that it will rise but we can watch for reversal signs near to the current zone. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
11
Potential bullish reversal?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84210 Why we lik eit: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.83582 Why we like it: There is a pullback support level that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.84962 Why we like it: There is an overlap resistance 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.
Long
by VantageMarkets
Bullish bounce?NZD/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.84367 1st Support: 0.83708 1st Resistance: 0.85278 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
NZDCAD - A Bull Trap after a Bear Trap?NZDCAD continues its bullish run and is entering into the Parabolic trend zone. There have been signs of bearish momentum divergences on the indicators which has led people into shorting prematurely and being caught in a bear trap. Many short traders are watching in anticipation of a violent move to compensate for the continued fake-outs. It's proximity to the last pivot high could result in another move with either a bull trap or a breakout. Patience needed.
by fugutrader