CADNZD trade ideas
Bearish reversal?NZD/CAD is reacting off the pivot and could reverse to the 1st support.
Pivot: 0.8152
1st Support: 0.8078
1st Resistance: 0.8194
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NZDCAD BULLISH FOR 50PIPS1. Technical Analysis:
Trend: Check if NZD/CAD is in an uptrend on the daily or 4-hour chart. Look for higher highs and higher lows.
Support/Resistance: Identify key support levels where the price might bounce. A break above resistance could signal further bullish momentum.
Indicators: Use tools like RSI (Relative Strength Index) to check for overbought/oversold conditions. A bullish divergence on RSI could indicate potential upward movement.
Moving Averages: If the price is above key moving averages (e.g., 50 EMA or 200 EMA), it could support a bullish bias.
2. Fundamental Analysis:
NZD Strength: Look for positive economic data from New Zealand (e.g., GDP, employment, or inflation data). Stronger NZD data could push the pair higher.
CAD Weakness: Weaker oil prices (Canada is a major oil exporter) or dovish signals from the Bank of Canada (BoC) could weaken the CAD, supporting NZD/CAD upside.
Risk Sentiment: NZD is a risk-sensitive currency. If global risk sentiment improves (e.g., rising equity markets), NZD/CAD could benefit.
Idea on a chart I have notice the left shoulder on 78.6 fibs and 61.8 the 9am candlestick is a reversal .
The AUD, NZD and CAD remain the weakest of the major currencies vs the USD (along with the EUR). Versus the USD, the % changes for those currencies now shows:
AUD -1.10%
NZD -1.07%
CAD -0.73%
Technically the AUDUSD and NZDUSD are moving below the 50% retracement levels and look toward the swing level next target. The USDCAD is moving to the high of a key swing area
NZDCAD Selling Trading IdeaHello Traders
In This Chart nzdcad HOURLY 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
My A plus trade NZD CAD Entry
head and shoulders
H4 or daily
right shoulder 3pin
fibs important 78.6 - can also work on 61.8
SL should be above wick ideally.
The AUD, NZD and CAD remain the weakest of the major currencies vs the USD (along with the EUR). Versus the USD, the % changes for those currencies now shows:
AUD -1.10%
NZD -1.07%
CAD -0.73%
NZD/CAD -H1 Chart - Wedge Breakout (27.02.2025)The NZD/CAD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8101
2nd Support – 0.8068
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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
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.
NZDCAD POSSIBLE BUYS?Price is breaking highs and creating new ones on the 4hr timeframe. It pushed to the upside impulsively, breaking a structure and leaving behind an imbalance and liquidity to be taken.
We will wait for price to sweet the liquidities, fill up the imbalance and trigger us in.
No analysis is guaranteed, use proper risk management!
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
Nzd/Cad LongPotential long on Nzd/Cad
Price has been ranging for last days after strong buyers came in last week
What makes this trade good in my opinion. Price went down and grabed liquidity today, it's indication for upside in this case. And last wick provides a good place for stoploss.
R/R is also good. 1:3 if your target as mine is at last high 0.84200
BUY NZDCAD - CAD still weak Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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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! 📊🔥