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NZD/CAD

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NZDCAD trade ideas

NZDCAD FORECASTTraders! this pair is looking good for this week, as we can see structure are well developing. Everything is good from the higher time frame to the lower timeframe, we just need some development in the lower time frame so that we can capitalize on this! But one thing you need to remember! Always wait for the confirmation before you make decision to enter the market because traders loose money in the good setups due to being aggressive, jumping to the trade early. Remember that confirmation is Key
Short
by Richard_Mkude
5
NZDCAD market structure breakdown After slipping to weekly lows, we saw price consolidating into a market structure with multiple break of structures ⬇️⬆️. However, we also have valid zones on both side of the trend📈📉 as price has also reached a zone of liquidity in a higher timeframe (Daily)📊. Market structure as per TF: 1. DAILY - Bullish⬆️ 2. 4H - Bearish ⬇️ 3. 2H - consolidated (recent market structure shift to bullish, awaiting confirmation of new trend) Possible trades: 1. 📉Our first trade opportunity is a bearish one targeting our previous week low. Although this is a bearish setup, this is just aligned with just the smalled timeframe and price can possibly reject to give us a fully Bullish trend. 2. ⬆️Our bullish trade will be aligned with our 2H+4H market structure with a recent market structure shift awaiting confirmation. As price has reacted to a pool of sellside liquidity from our daily swing high, we can have a good trade going bullish. An update will be posted post-market next week📝 THIS IS NOT A TRADE SIGNAL, but a chart breakdown and analysis as per strategy📊
by ZIPHO67
1
Buy NZDCAD on a Fibonacci RetracementI have gone LONG NZDCAD. On my 4H chart there was a impulse wave breaking the down trend (in yellow). This retraced overnight to the 0.618 Fibonacci level where I entered at 0.8348 SL 0.8290. My target is 0.8465. My rational for the trade is that on that CAD side oil prices remain under pressure, on expectations that demand will be weak and Israel will avoid a strike on Iranian oil facilities. Also the market believes Canadian may start cutting rates agressively. On the NZD side although CPI came in as expected later in the New Zealand day (New Zealand) the RBNZ published its own inflation data and this came model came in much higher, at 3.4% y/y. Also I believe the market in generally bullish which favours NZD and AUD. Let's see what pans out!
Long
by ratcatcher
NZD/CAD Tests Key Demand Area with Bullish Signs EmergingIn the last three days, the NZD/CAD pair has retested a crucial demand area, showing a clear rejection, which indicates potential buying interest at this level. Supporting this outlook, the Commitment of Traders (COT) report reveals that retail traders continue to hold predominantly short positions, while "Smart Money"—institutional investors—are steadily increasing their exposure to the pair. Additionally, though less significant, the price has reacted to the 61.8% Fibonacci retracement level from the swing low, adding another technical layer to the current scenario. Large speculators have already shifted to a bullish stance, signaling growing confidence in the New Zealand Dollar (NZD) relative to the Canadian Dollar (CAD). This shift in market sentiment could pave the way for a potential long setup, especially as seasonal trends indicate further upside potential for the NZD/CAD pair. From a technical perspective, the combination of the demand zone rejection and the bullish movement in institutional positioning suggests the possibility of an upward move. Traders will be closely observing the price action over the coming days for signs of a breakout, which could provide an opportunity to enter long positions in line with the growing bullish sentiment surrounding NZD/CAD. ✅ Please share your thoughts about NZD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NzdCad Trade IdeaI sent out a publish on NC for a possible short opportunity with price still being overall bearish. There was a daily HL at 84300 that was broken on the higher time frame with smaller time frames showing bearish structure to confirm our new trend. I wanted to see price flip after pulling back to retest that daily HL to confirm we are definitely heading to the downside. At this point all time frames are in sync and is pointing to the downside. The percentage and probability of price hitting targets is high so I'll personally be entering shorts on this pair now.
Short
by OfficialJ23
8
NzdCad Trade UpdateIf you look at my previous NC set up and analysis breakdown you'll know why I'm personally shorting the pair. Price is playing out nicely while still floating in profit. Once price pulled back to retest I decided to short on a bearish engulfing on the hourly time frame. Notice how price pulled back with bullish structures. It seems like price is retesting the break of structure before continuing to the downside. I personally decided to move stops to break even with price respecting the flip as planned. I personally don't want to see price go any higher which is why I decided to move my stops. I'm currently risk free.
Short
by OfficialJ23
1
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 0.83803 1st Support: 0.8121 1st Resistance: 0.84314 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
Lingrid | NZDCAD short from PSYCHOLOGICAL levelThe price perfectly fulfilled my previous idea. FX:NZDCAD is making lower lows and lower highs, indicating a bearish trend. Recently, the price action showed a pullback from the support level and is currently moving sideways after the bearish momentum. I anticipate that the market may consolidate between the levels of 0.84000 and 0.82500 because the markets usually move sideways after the strong movement. Therefore, I expect the price to bounce off both the psychological level and the downward trendline. My target is support level at 0.82780 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
1
NZDCAD SELL OUTOANDA:NZDCAD THO IT IS SEEN AS A TRADE IDEA BUT AM ACTUALLY GIVING SIGNALS live once, which you will use and make some bucks out of the market, its been a positive month so far , so like its said , do what is in your control, which simply is analyzing and taking trades with proper risk management, , ok on game so far made my analysis , we starting a down trend on nzdcad so here is a lower high , and there is my entry , so lets do this, enguf has ocured , resulting to an evening star pattern, which calls for a sell, money bag,.lets gooo
Short
by jamesantiah
1
Key Levels for NZD/CAD: Support and ResistanceCurrently, the NZD/CAD pair is trading at 0.8400. It's important for traders to monitor key resistance level at 0.8435. A break above this resistance could indicate a bullish signal, allowing the price to rise further, with targets set at 0.8500 and 0.8530. Conversely, if the price moves downward and breaks the support level at 0.8372, it may lead to further declines. In that case, the next support level to monitor would be at 0.8327.
by FXTradingAnalysis
3