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NZD/CAD

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NZDCAD trade ideas

Bearish drop?NZD/CAD is rising towards the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 0.82949 1st Support: 0.81994 1st Resistance: 0.83512 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
1
NZDCAD: Two Possible Scenarios - Resistance Break or Downtrend?NZDCAD is trading at 0.8273 , and we see two possible outcomes depending on how it reacts to the trendline resistance: Scenario 1: Price Breaks Above the Trendline Resistance If the price moves above the trendline resistance, it could rise to the first target at 0.8358 . If it continues upward and breaks this level too, the next target would be 0.8410 . Scenario 2: Price Fails to Break the Trendline Resistance If the trendline resistance holds and the price doesn’t break above it, it could drop to 0.8200 . Key Points Watch the trendline resistance carefully, it will show whether the price is likely to go up or down. Look for clear signal, like strong moves or patterns, to confirm the direction. Always manage your risk with stop-loss orders.
by FXTradingAnalysis
NZDCAD Technical Analysis: Bullish Trend Remains IntactHello traders, I can see that the NZDCAD pair is currently trading at 0.82634, maintaining a bullish trend as price action consistently forms higher highs and higher lows. After a temporary correction from Friday's high of 0.83107 to 0.82495, the pair appears to have resumed its upward trajectory, targeting a breakout above the previous high. Key Observations Trend: Bullish, with a series of higher highs and higher lows. Momentum and Sentiment: Both indicators support the bullish outlook, reinforcing expectations for continued upside. Key Levels: Immediate Resistance: 0.83107 (Friday's high) Invalidation Point: A break below 0.82428 would negate the bullish scenario and signal potential downside risk. Conclusion The overall outlook for NZDCAD remains bullish, with momentum and sentiment aligned for a continuation higher. A sustained break above 0.83107 would confirm the bullish trend, while a move below 0.82428 would call for a reassessment of this view. Do let me have your take. Cheers and happy trading.
Long
by Samuel124
Potential bullish rise?NZD/CAD has bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 0.82512 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 0.82005 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.83265 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. 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
1
PA #1 : NZDCAD BUY 27/11/24 SLFirst Post Analysis This explain my NZD CAD TRADE Here is the 3 main questions i answer: 1. what did i do right ? - Asking the right questions: is there activity/job today ? and if yes, where it is ? - Identification of fundamental high impact news - Confirmation of market reaction - identification of the asset (here NZD) - Conparision of the market reaction with the overall flow - Pair selection: pariring with the CAD which was weak plus high market reaction - Identification of the Power (previous day break and previous session break). Even if the loss is here, I still bought in the right direction and for a good price 2. what did i do wrong ? - Was wrong on the timing specifically, entered in a pullback when the sellers were still dominating. Didn't wait for the retest to confirm if the sellers are weak. - Too much Timeframes (30s) which create confusion. - Too stuck on a pattern, when the market won't necesseraly show the same way 2. What am I going to change from now - I will stick to the 2 TF (15 min and 3 min) or 1H and 15 min - I will wait for the sellers to fail and THEN look for the money spot. FINAL DAY: -2.76% OBJECTIF: +10%
Long
by elpatrondelamafia
2
Bullish bounce off overlap support?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: 0.82512 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.82005 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Take profit: 0.83265 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. 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 AnalysisThe pair is currently respecting a descending trendline, signaling potential continuation of the bearish trend. 🔍 Key Observations: Price tested the trendline and is showing signs of rejection. RSI indicates potential overbought conditions, with a likely shift downward. Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move. 🎯 Plan: Entry: Around 0.8260 Target: 0.8220 Stop Loss: 0.8290 💡 Watch for confirmation on lower timeframes before entering. Risk management is key! 🚨
Short
by Charts_M7M
NZDCAD Massive Short! SELL! My dear friends, NZDCAD looks like it will make a good move, and here are the details: The market is trading on 0.8275 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8225 Recommended Stop Loss - 0.8305 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
Bullish bounce?NZD/CAD is currently reacting off the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.82610 Why we like it: There is a pullback support level that lines up with the 23.6% Fibonacci retracement. Stop loss: 0.81894 Why we like it: There is an overlap support level that is slightly above the 78.6% Fibonacci retracement. Take profit: 0.83265 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. 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
How TradingView Helps Me Not Miss TradesHey, In this video I provide several examples that help me to not miss any trading opportunities and provide me more clarity and confidence in my trading. I share my trading style, the usage of tradingview alerts and multi-timeframe analysis to time it right. Often traders struggle with missing trades, this is why you might miss them: - Lack of confidence - Lack of chart time - Lack of knowledge If you solve them one by one, your trading performance can improve fast. Kind regards, Max Nieveld
Education
by newcapitalfx
Sell NZDCAD OANDA:NZDCAD Trade Idea: Bearish Bias** Summary: This setup suggests a bearish outlook for NZDCAD based on a combination of seasonal trends, exogenous factors, and technical patterns. Key Points: - Seasonality: NZD shows bullish seasonality from Nov 25 to Dec 11, but CAD's neutrality and stronger exogenous factors provide a bearish edge for NZDCAD. - Commitment of Traders (COT): Both NZD and CAD are at their bottoms, with non-commercial positions favoring selling pressure on both currencies. - Exogenous Factors: - **Balance of Payments (BOP):** NZD has a negative trend, while CAD is positive. - **Stock Trends:** NZD displays a negative trend, whereas CAD remains positive. - **Interest Rates (IR):** Declining interest rates negatively impact both currencies, but NZD fares slightly better than CAD. **Conditional Scoring:** - **Positive Factors:** NZD: 9, CAD: 11. - **Negative Factors:** Both currencies at 4. **Technical Patterns:** 1. **Bearish Channel** observed on the 4-hour timeframe. 2. **Head & Shoulders Formation** indicating potential downward momentum. **Trade Bias:** Sell NZDCAD, as exogenous factors favor CAD despite NZD's seasonal strength. **Risk Disclaimer:** Ensure proper risk management while entering this trade.
Short
by AtifDhedhi