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NZDCAD

Trend Continuation on NZDCADPrice on NZDCAD is bearish at the moment and price has created a lower low. So, if price continues lower I will sell back down to the low and further. This currency pair has been creating lower lows and lower highs the past few days and this seems to be a good setup if price can stay below the last lower high. What will invalidate this trade is if price pushes higher past the 12hour lower high. Disclaimer: this analysis is based on my strategy and personal view of the market. Please be sure to follow your own perspective.
Short
by ShaquanLopez
BluetonaFX - NZDCAD SHORT to Monthly Low IdeaHi Traders! There is a possible retest of the strong support level of 0.80531, and there are potential opportunities for short entries towards this level. Price Action 📊 The market is currently in a descending price channel and recently broke and closed below the 20 EMA, which suggests that there is currently bearish momentum in the market. We are looking for the bearish momentum to continue with a look to target the support level of 0.80531, which is also the monthly low. Fundamental Analysis 📰 Recent data out of New Zealand has not been as strong as analysts would have liked, which may lead to possible NZD weakness for the time being. Additionally, the NZD seems to be weaker following the release of Chinese inflation figures, which has an effect on antipodean currencies.   Support 📉 0.80531: MONTHLY LOW Resistance 📈 0.81203: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
7
NZDCAD Long Term SELLING Trading IdeaHello Traders In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCAD - As Oil Prices Decrease So Does The CAD!Analysis: Bullish Confluences Recent breakout of longer term downwards trend In an upwards trend Retesting an area of significance 50% fib retracement level touched Bullish pennant pattern formed & broken out of The NZD is the 4th strongest major currency whereas the CAD is the 3rd weakest major currency 5K long position increase for the NZD 2K short position decrease for the NZD 12K short position increase for the CAD Bearish Confluences 5K long position increase for the CAD Recent CAD news has been bullish Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
13
NZDCAD H4 | Bounce off 23.6% Fibo support?NZD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.81641 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.81180 which is a level that sits under an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 0.82181 which is a recent swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
NZDCAD October 11th, 2023The NZDCAD pair on the daily chart displays a prominent trendline acting as both support and resistance. Currently, the price is in close proximity to the resistance area, and traders may consider placing a sell stop order near blue diagonal square area. This technical approach is supported by observations of the stochastic indicator, which has exhibited a crossover above the overbought zone. Historical instances suggest that such crossovers indicate a potential shift towards a bearish trend. It is advisable to wait and see, delaying the entry until the price reaches the resistance level. The bearish movement is targeted towards 0.807, a zone that has previously served as a rebound area.
Short
by DNP-FX
NZDCAD Under Pressure! SELL! My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0. 8183 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8132 My Stop Loss - 0.8212 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
7
NZDCAD - Strong Resistance Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for buy setups around the lower purple circle as it is the intersection of a horizontal support and lower red trendline. Since then, NZDCAD has been trading higher and now approaching the upper trendline of the channel. Moreover, the 0.825 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As NZDCAD approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
NzdCad could see a new trend heading up on dailyCould be starting a new trend upwards on daily. looking for pullbacks or opportunities for long **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
NZDCAD This rise is a great opportunity to sellThe NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke: As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed the 1D MA200 (orange trend-line) but there is some probability that since we have Diverging Lower Lows (dashed) we may see a Diverging Lower Highs trend-line emerge. In any case, with the 1D RSI the closest to the 70.00 overbought barrier since July 14 and the last Lower High, the Risk/ Reward favors shorting, with our targeting being at 0.78515 (-5.20% decline as the last two, contacting the Diverging Lower Lows trend-line). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCAD What Next? SELL! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8160 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8110 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
NZDCAD - Finally A Bullish Breakout!Analysis: Bullish Confluences Longer term bearish trend broken Recent strong bullish strength Retesting an area of significance 38.2% fib retracement level lining up Falling wedge pattern completed The NZD is the 4th weakest major currency whereas the CAD is the 3rd weakest major currency 3K long position increase for the NZD 3K short position decrease for the NZD 2K long position decrease for the CAD Recent CAD news has been bearish Bearish Confluences 17K short position decrease for the CAD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
20