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New Zealand Dollar/Canadian Dollar

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NZDCAD trade ideas

NZDCAD bearish continuation likely … the week of 05 Aug, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade. Note that the 38.2% retracement level and the 200 dma are already trying to contain the current up move. The bulls can still push through to the 50% or even the 61.80% levels, so I am going to be watching the PA closely. A momentum move above the 61.80% area will negate my analysis. Let’s see how this plays out. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
NZDCAD Trade Analysis - Trade #6Dear Traders, Today, we're focusing on our sixth trade opportunity: NZDCAD. This pair previously delivered an excellent trade a few weeks ago (I will include the link to that trade). Currently, NZDCAD appears poised for another significant move. Weekly Timeframe: The price has moved from a strong support level at 0.83850 and broken into the next key range at 0.82750. However, it's now rejecting support at 0.81500 and has closed bullish. Despite this, I believe the bullish momentum may not be strong enough, and that the prevailing monthly bearish momentum could push the price below the trendline. Daily Timeframe: On the daily chart, the price is clearly making lower lows and lower highs. We observed a spike during the pre-London session, which was subsequently rejected. A strong bearish candle close would be ideal on the daily chart. At present, I am satisfied with how the price action is developing, and I do not see any compelling reason for a higher push. H4 Timeframe: On the H4 chart, we see a shift towards a bearish trend. The price has transitioned from making higher highs and higher lows to forming a new lower low, although a new lower high has not yet been established. I am now awaiting entry confirmation on the H1 timeframe to enter a short position. Happy trading, Renaldo
Short
by Tradebudz
1
Anticipating the Pullback: NZDCAD's Journey to the 0.618 Fib LevHey Traders, It appears FX:NZDCAD is looking to make a pullback/correction after its last bearish impulse. I suspect that price will make its way to 0.82500 (which is also the 0.618 Fib level) before continuing to the downside. Current Market Conditions: Pullback Scenario: After a strong bearish impulse, a pullback to the 0.618 Fib level (0.82500) is anticipated before resuming the downtrend. Key Levels: The 0.82500 level aligns with the 0.618 Fibonacci retracement, adding significance to this potential resistance. Targets: TP1: 0.82250 TP2: 0.82500 TP3: 0.82900 TP4: 0.83350 Risk Management: Stop-Loss: Set stop-loss at 0.81050 to manage risk and protect against unexpected moves. Consider profit-taking at the specified target points (TP1, TP2, TP3, TP4). Conclusion: The expected pullback in NZDCAD offers an opportunity to capitalize on a potential correction before the bearish trend resumes. Monitor the price action around the 0.618 Fib level for confirmation and trade adjustments. I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all! Trading Insight: "Stay patient, trade smart, and let the market's rhythm guide your strategy!"
Long
by SignalSage_Ben
3
NZDCAD - Short active !! Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected from trendline + liquidity zone. As well, on H1 we have regular divergence and for conservative entry you can wait break of structure. Fundamental news: Upcoming week on Wednesday (GMT+3) we have results of Unemployment Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
6
NZDCAD Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8271 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8205 Safe Stop Loss - 0.8319 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
1
AUD/NZD Short, AUD/CAD Short, WTICO/USD Short and NZD/CAD ShortAUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. WTICO/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs