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NZDCAD

BluetonaFX - NZDCAD Trendline Break SHORT IdeaHi Traders! NZDCAD is on the trendline support, and there is an opportunity for short entries leading to a possible support break. Price Action 📊 Market swings filled with lower highs and lower lows consistently for the past eight weeks. The market has also failed to close above the 20 EMA for the past three weeks, showing a current lack of bulls in the market. We are looking for a momentum break and a close below the support trendline. Fundamental Analysis 📰 New Zealand recently announced worse PMI figures, leading to fears of a worse-than-expected GDP figure tomorrow. Support 📉 0.79725: SUPPORT TRENDLINE Resistance 📈 0.80261: 20 EMA 0.80851: RESISTANCE TRENDLINE 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
1
NZDCAD H4 | Rising to 1st resistance?Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 0.8024, which is an overlap support level. Our take profit will be at 0.8069, a multi-swing high resistance level. The stop loss will be placed at 0.7996, a multi-swing low level. 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 ____ INCOMING BEARISH MOVEHello Traders, NZDCAD has been in a long-term decline i.e., the price has been bearish for months and is likely to continue. The weekly and the daily charts have printed bearish structures. Price just traded into the daily order block and is poised to continue the bearish move. Looking at the chart, you would notice the relatively equal lows (sell-side liquidity) that price should hunt. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
1
"Riding the Waves: Catching NZD/CAD's LONG Trend!"NZD/CAD Technical Analysis Entry Price: 0.80339 Take Profit 1 (TP1): 0.80557 Take Profit 2 (TP2): 0.80743 Stop Loss: 0.79948 Risk-Reward Ratio (RRR): 1:1 Analysis: 1. Overall Trend Analysis: To make a well-informed trading decision, it's crucial to assess the overall trend in the NZD/CAD pair. Begin by looking at higher timeframes like the daily and weekly charts to get a broader perspective. 2. Support Levels and Trendlines: You mentioned that the trade is based on support levels and a trendline. Let's assume there's a significant trendline on the daily chart or a lower timeframe that has provided support multiple times in the past. This trendline adds confluence to your trade setup. 3. Entry Point (0.80339): Your entry point at 0.80339 is above the current market price. This suggests that you are looking to enter the trade on a potential bullish move. Make sure to monitor the price action carefully to confirm the bullish momentum before entering. 4. Take Profit Levels (TP1: 0.80557, TP2: 0.80743): Your take profit levels seem reasonable and are set at incremental levels. TP1 at 0.80557 is the first target, and TP2 at 0.80743 is the second target. These levels should be based on significant resistance levels, technical indicators, or prior price action. 5. Stop Loss (0.79948): Your stop loss at 0.79948 is set below your entry point, which is a good practice for risk management. It's essential to stick to your stop loss to limit potential losses. 6. Risk-Reward Ratio (RRR): Your RRR is set at 1:1, which means that you are aiming to make the same amount in profit as you are risking. This is a balanced approach. However, you can consider adjusting your RRR to 2:1 or 3:1 to potentially enhance your risk management. 7. Additional Factors to Consider: Fundamental Analysis: Keep an eye on economic events and news that may impact the NZD and CAD currencies, as they can influence price movements. Market Sentiment: Monitor trader sentiment, which can be gauged through tools like the Commitment of Traders (COT) report or sentiment indicators. Diversification: Avoid over-concentrating your portfolio on a single trade. Diversification can help spread risk. 8. Trade Management: Consider moving your stop loss to break-even or trailing it as the trade progresses to lock in profits. Regularly review your trade and adapt to changing market conditions. Be prepared to exit early if the trade is not moving as expected. In summary, your NZD/CAD trade is based on a combination of technical analysis using support levels and trendlines. It's crucial to keep a close eye on the market, practice proper risk management, and adapt your strategy as needed. Trading always carries risks, so be prepared for various outcomes and consider seeking advice from a financial professional if needed.
Long
by The_TradingW0LF
1
NZDCAD: Curve Analysis (2W)📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also sloping downwards, which further supports the bearish trend. 📉 Price Action (PA) is currently reacting from Resistance @ 0.8075 📈 The next support level for NZDCAD is around 0.7930. If the price breaks below this level, it could decline to 0.7760 or even lower. However, if the price bounces off the first support level, it would be an odds enhancer that Price Action has returned to its BIG PICTURE uptrend. ✍️ Overall, the technical analysis for NZDCAD is bearish. The descending triangle pattern suggests that the price is likely to continue to decline. Since this is highly probable, I have a pending BLO @ 0.7950. ⚠️ HIGH RISK OPPORTUNITY SSO @ 0.8050 TP @ 0.7955 BLO @ 0.7950 If the CAD News @ 08:30 ET / 05:30 PT proves to be strong, then we'll experience the downtrend that appears to be on the horizon for this pair.
Long
by ProfessorCEWard