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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

NZDCAD Will Go Up From Support! Long! Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.820. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NzdCad Trade IdeaNzdcad has been bearish. I managed to catch a solid 1:3rr to the downside where targets were then smacked. NC has been using a trendline as support so I'm personally waiting to see what happens when price approaches the trendline. I either want to see some type of bullish volume with structures to match or wait on price to continue crashing below the trend. Price has respected the trendline MULTIPLE times so I doubt price would crash below. My priority on the pair is to look to go long.
Long
by OfficialJ23
2
NZDCAD Appears To Be Ending its Bearish Wave.NZDCAD Appears To Be Ending its Bearish Wave. In early September 2023, NZDCAD began a significant uptrend that continues to unfold clearly. The price is rising within a large, daily "Ascending Channel" pattern. The support area of ​​this channel has been tested five times in a row and the channel has remained valid, increasing the likelihood that the price will respect the lower boundary of the pattern this time as well. Since we are analyzing a daily chart, the price movement is likely to take its time to grow, as it has happened before. The main point is that NZDCAD appears to be ending its bearish wave. Targets based on the structure of the pattern are located near 0.8355, 0.8430 and 0.8600. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
1
Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.82961 Why we like it: There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement. Stop loss: 0.83326 Why we like it: There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.82394 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
NZDCAD My Opinion! SELL! My dear friends, My technical analysis for NZDCAD is below: The market is trading on 0.8344 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8310 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDCAD Sell position setupNZDCAD 4H This is a classic inducement model that mostly occures on a powerful trend. We have a supply zone that was formed after price reacted from another valid zone above and breaking structure. Price has been ranging below our supply zone hoping to collect as much liquidity as possible. Setups like this do not have confirmation as they are looked at as reversal setups and are perfectly executed like this through SMC trading strategy. 📉I shared this as part of my weekly setups. Our risk reward is atleast 1:5. Trades can be entered through risk entry ,(limit orders) or instant execution (manual/confirmation entry)
by ZIPHO67
NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected: The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year. As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.83288 Why we like it: There is a pullback resistance level. Stop loss: 0.83746 Why we like it: There is a pullback resistance level that aligns with the 138.2% Fibonacci extension. Take profit: 0.82617 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
NZDCAD 4hr ShortNZDCAD ✅ 4hr Short ✅ 💰ENTRY: 0.82772 👎STOP LOSS: 0.83037 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx