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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

Bearish momentum gaining tractionMarket Analysis: The current market structure is unfolding with clarity, exhibiting a familiar technical pattern. The price action initiated with a consolidation phase, characteristic of accumulation, followed by a bearish rally to the order block at 0.81400. This rally successfully broke the previous higher high, transitioning into a manipulation phase. Subsequently, bearish momentum gained traction, reaching the swing low and executing a slight liquidity sweep. The price then marginally rebounded to respect the immediate internal supply zone at 0.81600. A significant rejection occurred at this supply zone, culminating in the clearance of the swing low and resulting in displacement. Given this shift, the market is anticipated to reverse to the upside, facilitating a liquidity sweep and mitigation of the fair value gap. This final lag of the technique is expected to provide a bearish entry for the distribution phase, targeting the rejection block. Trade Setup: - Entry: 0.81700 - Stop Loss: 20 pips at 0.81900 - Target: 100 pips at 0.80700
by tokelohomi
NZDCAD AnalysisNZD/CAD Technical Perspective: The NZD/CAD pair is currently positioned at a key support zone, where price action has historically reversed direction. Following a recent rebound from this level, the pair is now retesting the support area. Given the broader uptrend structure (characterized by higher highs and higher lows), this retest presents a potential opportunity to enter long positions, contingent on bullish confirmation at this critical juncture. Key Observations: Established Uptrend: The pair’s consistent upward trajectory on higher time frames supports a bullish bias. Support Retest: The current pullback to the support zone aligns with typical price behavior in trending markets, where retests of prior levels often precede trend resumptions, but a decisive close below the support would invalidate the bullish setup, potentially signaling a trend reversal or deeper correction. Risk Management Strategy: A prudent approach would involve placing a stop-loss below the support zone to protect against a breakdown, while targeting the next resistance level for profit-taking. Final Assessment: The setup aligns with bullish momentum, provided the support holds. Traders should await confirmation (e.g., bullish candlestick patterns, rising momentum indicators) before committing to long positions.
Long
by sirkamal
1
NZDCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
NZDCAD Sell Setup at 0.8167I'm looking to sell NZDCAD at 0.8167, expecting a bearish move based on key technical factors. 🔹 Reasons for Entry: ✅ Resistance Zone: The 0.8167 level has acted as a strong resistance in the past, making it a potential reversal point. ✅ Trend Structure: The pair is in a bearish trend on the timeframe, forming lower highs. ✅ Moving Averages: Price is approaching the , adding confluence to the setup. ✅ Fibonacci Level: 0.8167 aligns with the retracement from the previous swing. ✅ Bearish Divergence: Possible divergence on , signaling weakness in the uptrend. 📉 Trade Plan: Sell Limit: 0.8167 Stop Loss: Take Profit: Risk-Reward Ratio: If price rejects this level, I expect a downside move towards . What’s your outlook on NZDCAD? Let me know in the comments! 📊🔥
Short
by justforfreelauncing
Bullish bounce?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.8137 Why we like it: There is an overap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8103 Why we like it: There is a pullback support level that lines up witht he 61.8% Fibonacci retracement. Take profit: 0.8195 Why we like it: There is a pullback resistance level that aligns with the 161.8% Fibonacci extension. 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
NZD/CAD - Strong Sell Setup (Weekly Outlook)Hi all, looking at the following chart in the Daily TF from NZD/CAD we can see that price is Bearish long term. Within the Weekly TF you will notice this is the finish pullback within this Bearish leg. Price is currently displaying that both Buy side Liquidity levels have been taking meaning the only way is down. We are currently within a strong 4H Mitigation Block and wicked into our 71% range. We are targeting the Support being a strong PHYC level. Good luck to all the traders that decide to follow Cheers
Short
by jamesibartram
Bullish bounce?NZD/CAD is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.8072 1st Support: 0.8032 1st Resistance: 0.8138 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