Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is...
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...
The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down. With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new...
hello guys... I published before about the head and shoulders pattern and the rising pattern, you can check it that the target touched! You can see the usdcad made a Quasimodo pattern and it is possible to start an upward movement to the blue area! but the question is from where?! there are two scenarios: 1- starting from the QML (S1) 2- starting from the...
CAD/JPY is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 113.794 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 114.879 Why we like it: There is a pullback resistance...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), NZDCAD rejected the lower bound of the red channel and traded higher. What's next? 📈 NZDCAD has been overall bearish, trading within the falling channel in red. At present, NZDCAD is undergoing a correction phase, trading...
The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83000 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83000 support and resistance area.
USD/CAD is rising towards a resistance level which is a pullback resistance. A reversal from this level could indicate a double top pattern which could lead to a potential price drop to our take profit. Entry: 1.36919 Why we like it: There is a pullback resistance level. Stop loss: 1.37294 Why we like it: There is a pullback resistance level which aligns with...
NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.81706 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.81212 Why we like it: There is a pullback support level which...
Today's focus: USDCAD Pattern – consolidation pattern break (continuation) Support – 1.3650 Resistance – 1.3780, 1.3830 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart. Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the...
EURCAD Update..! If the pair comes to 1.46600 level it be best opportunity for buying market more than 400 pips. Bu till that support do not sell. EURCAD BUY Limit 1.46600 STOPLOSS 1.46200 1ST TARGET 1.47000 2ND TARGET 1.47600
NZDCAD is displaying a double top pattern with a Bearish Divergence. Short at the break of the LH
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.