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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

NZD/CAD continue with the UptrendOn NZD/CAD , it's nice to see a strong buying reaction at the price of 0.82780. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
NZDCAD Will Go Lower! Sell! Take a look at our analysis for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.833. The above observations make me that the market will inevitably achieve 0.830 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NzdCad Trade IdeaIf you seen my last NC set up than you know I was looking for shorts with price being in a range. My original plan was to wait on price to retest the level of resistance after crashing back down the level to continue the range. I did take my first loss of the week but price managed to flip structures after 2nd pullback which is where I decided to go for another position. TP ended up getting smacked for a solid risk to reward. Price can either continue bearish or retest support to continue the range.
Short
by OfficialJ23
NzdCad Trade IdeaNzdCad is currently still in a range. Price has been bearish on all time frames so shorting the pair at a resistance level would be ideal here. Price managed to dump at resistance again so a pullback before going short on the pair will be my set up on this pair for the day. Another possible 1:3rr set up for the day. We'll see how this plays out. Longs would only come into play if price were to break above the level I'm personally looking to sell at.
Short
by OfficialJ23
2
Lingrid | NZDCAD bearish MOMENTUM in the MarketThe price perfectly fulfilled my previous idea. It reached the target zone. FX:NZDCAD is currently making lower lows and lower closes, indicating a strong bearish momentum. The price has been oscillating around the psychological level of 0.8300. Typically, markets tend to consolidate near key levels before a breakout, and given the overall bearish trend, it seems plausible that we could see a bearish impulse leg. I anticipate that the market may break below the previous day's low (PDL) and continue its movement downward, making further lower lows. If the price breaks convincingly below the PDL level, that could confirm the bearish sentiment and potentially lead to an acceleration in the downward trend. My goal is support zone around 0.82550 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
NzdCad Trade IdeaThis morning I published and hopped into some CadJpy shorts. Price ended up running against me. On October 17th I published NzdCad shorts and stated my reasons for going short on the pair. I was still overall bearish on the pair even with the set up breaking even last week. As long as price could hold bearish structures then we were definitely still heading to the downside. I ended up executing shorts on the pair at the last HL structure that was broken. Price is currently floating in profit making up for this mornings loss. I'll be looking for a 1:3rr on this set up. We could expect price to tap back into 82857.
Short
by OfficialJ23
2