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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

Bullish rise?NZD/CAD has bounced off the pivot and could rise to the 1st resistance. Pivot: 0.80379 1st Support: 0.79976 1st Resistance: 0.8094 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 Will Go Down! Short! Here is our detailed technical review for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.805. Considering the today's price action, probabilities will be high to see a movement to 0.803. 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
1
NZD/CAD - Clear view on the next step!Hi guys today we would be looking into the NZD/CAD which has been performing in a specific pattern, around the support and resistance areas , currently we reached the overviewed in the chart resistance area, and we would be looking into retesting the previous support area. Entry: 0.81450 Target: 0.80500 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
NZD/CAD 4H Timeframe AnalysisNZD/CAD 4H Timeframe Analysis In 4hr tf, price is in a downtrend, creating lower lows and lower highs. Within this move, price retested both minor key resistance between 0.80700-0.80900. Price then broke the minor key at 0.80700 and created a large volume of orders. Price then paused and didn’t make it to the next minor key support, which is where our Accumulation phase began. Now, our objective is to wait for price to return and break again our minor key to hunt stop losses placed by a large volume of sellers. This will serve as our manipulation stage, where we wait for a liquidity grab. Once liquidity is formed, we then wait for another breakout at our minor key 0.80700. If this happens, we then wait for a 4hr candle to close below our minor key 0.80700. If this happens, we will set up our sell limit orders at 0.80680 after the 4hr candle close, with SL at 0.80900 (above liquidity formed) and TP at 0.79950 (next minor key support). Fundamental Outlook NZD Inflation Expectations q/q Impact Actual: 2.06% Forecast: 2.06% Previous: 2.12% The latest NZD Inflation Expectations q/q came in at 2.06%, matching the forecast but slightly lower than the previous 2.12%. A decrease in inflation expectations could signal lower future inflation, reducing the likelihood of aggressive rate hikes by the Reserve Bank of New Zealand (RBNZ). This could weaken the NZD in the short term, affecting currency correlations and risk sentiment. Key Notes: Patience is key – wait for liquidity to form. Wait for a 4hr candle close below the minor key before placing a trade. After liquidity is formed, adjust or move stops above liquidity to protect profits. Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research before making any investment decisions. Past performance does not guarantee future results.
Short
by RebornFXTrader
NZDCAD pt3From yesterday our sell position on NZDCAD was playing out smoothly but I knew this won't last for long because we needed a retracement and also we had two strong minor zone we would have to break to continue bearish. We broke the first zone but then price couldn't break the second one. Right now we are still in profit but price in now moving sideways/consolidating an has still yet to close below that 0.80800 - 0.80750 zone. This is what we will need moving further to see deeper bearish movements on this pair. I will be monitoring this closely.
Short
by themarketmafia
Possible 7% Rise on NZDCADOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Long
by dkb14246
4