News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term. Get your market update from @DanielGMoss here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations - $CL #Crudeoil #OOTT #OPEC
  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Rising yields and US Dollar creates a weak environment for gold, which trades at a 9-month low. Get your market update from @JMcQueenFX here:
  • RT @FxWestwater: US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data After NFP Boost Link: $DXY https://…
NZD/CAD Trend Prepares for Short Term CCI Crossover

NZD/CAD Trend Prepares for Short Term CCI Crossover

Walker England, Trading Instructor,

The NZD/CAD is an often overlooked currency cross. Currently the pair is printing four month lows below .7800, off over 600 pips from its August high of .8416. As momentum increases and the NZD continue to weaken relative to the CAD, trend traders will look for opportunities to enter in on this directional trade. My preference is to utilize multi time frame analysis with a CCI execution trigger to take advantage of further breaks lower.

Technically, we can size up momentum continuations by first using a 30 minute chart and six previous days of data. Looking back one trading week, we can glimpse into the strength of the trend and its direction. Below, I have blocked off trading from November 9th – 13th and the 13th – 16th. Price should continually be seen printing lower lows and lower highs during these time frames, while trading under the 200MVA. If this analysis points to continued downward potential, we can move down to shorter term charts for execution.

NZD.CAD_Trend_Prepares_for_Short_Term_CCI_Crossover_body_Picture_1.png, NZD/CAD Trend Prepares for Short Term CCI Crossover

Once we have found our trend, we can move in and look for execution signals using CCI on 5 minute charts. My preference is to look for pull backs on the indicator to overbought levels (+100) in a downtrend. This allows me to sell at better prices as the pair resumes moving to lower lows. Stops will look to be set outside of the 200 MVA while employing a trail to lock in profit as the trend continues. Using a fixed trailing stop is preferable in this scenario as to lock in profit as our trade goes in our favor.

NZD.CAD_Trend_Prepares_for_Short_Term_CCI_Crossover_body_Picture_2.png, NZD/CAD Trend Prepares for Short Term CCI Crossover

My preference is to sell 2 lots of the NZD/CAD on a CCI crossover back below overbought levels. Stops should be set outside of our 200 MVA for approximately 75 pips on both positions. Our first limit should look for a minimum of 75 pips for a 1:1 risk reward ratio. Lot 2 should maintain a 75 pip stop with a 75 pip fixed trail.

The steps above are the basis for my London – New York day trading program, found inside DailyFX Plus. To learn more, download the London – New York trading PDF linked below.

Additional Resources

Day Trading PDF

Trading the Trend

---Written by Walker England, Trading Instructor

To contact Walker, Follow me on Twitter at @WEnglandFX.

To be added to Walker’s e-mail distribution list, send an email with the subject line “Distribution List” to

DailyFX providesforex newson the economic reports and political events that influence the currency market. Learncurrency tradingwith a free practice account and charts from FXCM.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.