After a short correction USD/CAD FX:USDCAD has made a sharp break out and pulled back on the discount zone. it's likely the price telling us that USD/CAD is going to reach higher prices. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published...
AUD/CAD FX:AUDCAD has reached the 0.9000 psychological level. Also, we can see the price is completing an ABC correction. So today, the CAD data will determine the next move. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and...
The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36900 zone, USDCAD was trading i na downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
AUDCAD is displaying a Mutli TF Divergence on the 1Hr and 4Hr with a double Top Pattern on both TFs. A reversal for AUDCAD can be expected news being the catalyst.
Price has just bounced off the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit. Entry: 1.37178 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.36728 Why we like it: There is a pullback support level which...
The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
GBP/CAD is rising towards a resistance level which is a multi swing high resistance that aligns with the 78.6% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.72265 Why we like it: There is a multi swing high resistance level which aligns with the 78.6% Fibonacci projection. Stop loss: 1.72877 Why we like it: There is a...
Price has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 0.88987 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88491 Why we like it: There is a pullback support...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.47500 support and resistance area. Trade safe, Joe.
USDCAD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. We expect a reversal in this move. A move through 1.3700 will confirm the bullish momentum. The measured move target is 1.3750. Our profit targets will be 1.3750 and 1.3775 Resistance: 1.3700 / 1.3725 / 1.3750 Support: 1.3675 / 1.3650 / 1.3625 Risk...
The price is rising towards a resistance level, which is a pullback resistance that aligns with the 23.6% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.36721 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.37266 Why we like it: There is an overlap...
The euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Check out this week what will happen. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide,...
AUD/CAD has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.88963 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.88736 Why we like it: There is a pullback support level which...
NZD/CAD has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.81199 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.80930 Why we like it: There is a pullback support level which...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance area. Trade safe, Joe.