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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

NZDCAD: Stuck in a Range And Showing Signs of a DropNZDCAD: Stuck in a Range And Showing Signs of a Drop NZDCAD has been moving sideways for a while, trading between 0.8060 and 0.8125. This has created a clear range pattern. Each time price hits the bottom of the range, it bounces up. And each time it reaches the top, it pulls back down. Right now, the pair looks ready to move lower again. The reaction has already started, and the chart suggests a possible drop toward 0.8060. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
5
Bullish reversal?NZD/CAD has bounced off the pivot, which acts as a pullback support and could rise to the 1st resistance, which aligns with the 61.8% Fibonacci retracement. Pivot: 0.80532 1st Support: 0.80126 1st Resistance: 0.81648 Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
NZDCAD: Price Holding Below SupportNZDCAD has been in a messy daily range. The daily levels do not hold cleanly. However, I do think there's an opportunity here regardless. The first trendline break indicates weakness. The second trendline break is cleaner as price is able to hold below this level on the daily timeframe. Looking at the intraday timeframe, I plotted a trendline to look for confluence. Price crosses below this trendline and is somewhat supported by an exponential moving average crossover. There is an opportunity to scale into this trade provided that it starts trending cleanly.
Short
by FinancialGamblR
A Short Setup On the NZDCAD and NZDUSDThe outlook for the NZD against the CAD is becoming increasingly bearish, with a combination of diverging fundamentals and a technical break on the chart suggest further downside is likely. The bearish sentiment is largely driven by different economic and monetary policy expectations for the two countries. Diverging Central Banks: New Zealand central bank RBNZ has made dovish remarks last monetary policy announcement, it cut its interest rate in an effort to jumpstart a faltering economy. Unlike the Bank of Canada, which is adopting a more wait-and-see approach. With Canadian inflation near target and its economy more robust, the interest rate spread should favor the CAD. Economic Performance Gap: New Zealand's economy is displaying signs of stress, with domestic demand slowing and unemployment increasing. Although Canada's economy is also slowing, it seems to be on track for a softer landing, aided by a more stable labor market and a housing sector that has surprised to the upside. The story is straightforward: a central bank actively easing policy to help a soft economy (New Zealand) compared with a central bank on hold with a more stable economy (Canada). That divergence provides a bearish outlook for the NZD/CAD. The Chart Validates the Bearish Scenario Established Downtrend: The pair has been making consecutively lower highs. This is a classic technical formation that is a clear signal that sellers are in charge and that buying momentum is disappearing with every attempt at a rally. Critical Support Break: The most significant recent development was the definitive break of a key support level in the 0.8115 area. This level had held on multiple occasions since June, but the breakdown of this level likely paves the way for a more decline. Support Turns Resistance: Since the breakdown, price has pulled back slightly higher to test this former broken support area. if price cannot retake this level, it confirms the breakdown. Downside Targets: Now that the bearish structure is in place, the potential initial target is in the 0.8020-0.8030 area. This area corresponds with Fibonacci retracement and extension levels. Bottom line When technical and fundamental analysis converge, it forms a high-conviction trade. The underlying narrative of diverging monetary policies offers the "why" of NZD weakness , while the technical breakdown on the chart provides potential future price action. With the RBNZ's easing cycle and the clear bearish price structure on the chart, the path of least resistance for NZD/CAD appears to be lower. Not being able to break the new resistance around ~0.8115 would most likely see the pair decline towards the first target area of 0.8020-0.8030 in the next couple of weeks. Remember, nothing is guaranteed in this market... trade with care.
Short
by Trading_Stream
Bullish bounce off?NZD/CAD is falling towards the support level that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.80937 Why we like it: There is a pullback support that lines up with the 61.8% Fibonacci retracement. Stop loss: 0.80659 Why we like it: There is a swing low support. Take profit: 0.81631 Why we like it: There is a pullback resistance that lines up with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
NZD-CAD Local Pullback! Sell! Hello,Traders! NZD-CAD made a sharp Bullish move up and hit A horizontal resistance Of 0.8130 and the pair Failed to break the level So we are locally bearish Biased and we will be expecting A local bearish correction On Monday! Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
Im looking for buy setups.Those who are passionate about trading know that this is a tough business. What you have to understand is that the predictions people are making regarding the price movement directions are based on probabilities. There is no such thing as 100 percent direction in the market, and that is because the market can turn against you or your direction at any time it wants. The reason doesn't even matter; it could be the news of some geopolitical changes, oil cut production or war, or many other factors that could impact the financial market. If you have one or more good reasons that the price will follow a certain direction, all you have to do is take a small risk entry in your direction with a good risk-to-reward ratio and just wait and see how the market will perform. A trader could have 1 good reason or a few reasons why his bias is up or down. The reasons could be based on particular studies, past behavior, fundamentals, technical analysis, or certain observations. The important part for you to understand is that the market is in a continuously changing process; this means that yesterday's prediction, today, could be irrelevant. The market does not have to follow your analysis. You have to follow the market, observe its changes, and react accordingly to them! I hope some of you will find this helpful. Good luck!
by Leorado
Bullish bounce off?NZD/CAD is reacting off the pivot which is an overlap support and could bounce to the 1st resistance. Pivot: 0.8169 1st Support: 0.8124 1st Resistance: 0.8236 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
NZD/CAD: 3-Step Rocket Booster Strategy Signals Bearish NZD/CAD: Rocket Booster Strategy Signals Bearish Momentum 🚀⬇️ The Rocket Booster Strategy is pointing to potential downside pressure on NZD/CAD, with three key indicators lining up for a bearish move. 1️⃣ Stochastic (14,3,3 Smoothed) – Overbought to Downturn The Stochastic Oscillator (14,3,3, smoothed) recently turned down from overbought territory. This signals exhaustion in the bulls and an increased likelihood of sellers taking control. When stochastic rolls over from high levels, it often marks the beginning of a corrective wave. 2️⃣ Balance of Power (BOP) – Bears Gaining Control The Balance of Power indicator has flipped into negative territory, suggesting sellers are dominating order flow. This aligns with the stochastic shift and adds confirmation that downside momentum could accelerate. 3️⃣ EMA Alignment – Bearish Bias Confirmed Price action has broken below the 50 EMA and is now testing levels under the 200 EMA. This alignment indicates that short- term and long-term sentiment are bearish. With the recent gap down, the EMAs are acting as resistance instead of support, further strengthening the bearish case. 📉 What This Means With stochastic rolling over, BOP in negative territory, and EMA alignment confirming the trend, NZD/CAD looks set for a deeper pullback. Traders using the Rocket Booster Strategy should watch for continuation signals below the recent gap level, while keeping an eye on support near prior swing lows. ⚠️ Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Always test strategies in a simulation account first and apply proper risk management before trading live capital. 👉 Action Step: Track NZD/CAD around the broken EMA levels. If sellers continue to defend these areas, momentum could accelerate toward the next support zone. Rocket Boost This Content To Learn More
Short
by lubosi
Potential bearish drop?NZD/CAD has rejected off the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.81942 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.82363 Why we like it: There is a swing high resistance. Take profit: 0.81277 Why we like it: There is a multi-swing low support that lines up with the 78.6% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets