NZDCAD Sell idea 18 October Sell idea on the NZDCAD as discussed in my trading room today at tiankriek.com
The NZD is weakening and combined with possible CAD strength I expect price to move to the Fib D
CADNZD trade ideas
retest of resistance level market is currently retesting previous level of resistance with some signs of rejection on the 30 minute and 15 minute time fame, although it does seem to be breaking through. if it does break, there should be a retest before continuing to the upside
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!
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.
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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.
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.
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
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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 👩💻
Day Bullish to Bearish trend ConvertIn Day Bullish to bearish Trend Convert
Make Head and shoulder in 4H,and will be cross neckline from 0.83155,
Chance to complete retest on 0.83687 price and go Down,
Target must be previous support 0.7970,
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
NZDCAD is bearish in 15 minutes.NZDCAD has very good potential to go down to the 0.831 range.
Before that, the current correction could go up to the price of 0.838 or even 0.839 or start to go down from this range.
NZDCAD - Short TradePrice swept liquidity, made a false breakout of the 1D swing, and closed below.
After that, we have a break in market structure, which shows us sign of weakness on key level.
That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
BUY NZDCADNow that the pull back has happened and the shoulder pattern has formed (high lighted in the orange circles) its not time for a big guy same as the NZDCHF & EURAUD (Check out my other ideas for this week)
NZDCAD sell NZDCAD lokking for sell daily weekly monthly strong breash trend and now break the second strong support lavel wating for strong rejection then sell
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.
NZD/CADPrice has rejected off the hook point to the left and now I will be waiting for continuation(s) to ride the wave to the downside.
NZDCAD BUY SWING TRADEPrice rebounded from recent Major Support, and broke above the immediate previous Lower High, creating Higher High.
I am expecting price to retrace back to the Higher Low I marked out, and if it occurs, my buy limit would get triggered.
NZDCAD - Bullish Seasonals - Bullish ContinuationFX:NZDCAD - October has been a positive month for this pair 80% of the time in the last 14 years. Recently, price retested the weekly higher low (block dotted line), formed bullish divergence and continued the bullish momentum! I am expecting a bullish month for NZDCAD as per seasonal behavior and current price action!
nzd/cad 2nd entyafter market reacted at fair value gap and break higher high,now market is making a pullback perfect time to enter the market.
NZDCAD - Long TradeOn the previous week, price swept the previous month low with a great sign of strength - market structure break.
As a target, I prefer the opposite key level
Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
Keep it simple and consistent!
NZDCAD SC23M
BM
M
BM after Inv H&S
W
BM+ Inv H&S
FO
D
inv H&S
(-)low S1 H&S not covered
4H
Fib compl
BM impuls and correction
weekly zone in sl
"NZD/CAD Breaks Lower High, Signals Possible Trend Reversal"NZD/CAD has broken its lower high and retested it, along with bullish divergence, indicating a possible trend reversal from this point.
