I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD. After a test of the underlined blue area, the price started to consolidate and formed a horizontal range on a 4H time frame. Its support was violated and for us, it is an import sign of strength of the sellers. We can expect a bearish continuation now at least to 0.83 ❤️Please,...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83350 support and resistance area. the New Zealand economy is heavily reliant on its agricultural exports, particularly dairy products,...
I see a nice bullish confirmation after a retest of a broken structure on EURCAD. The price formed a falling wedge pattern and violated its resistance on an hourly time frame. We can expect a local bullish movement to 1.4675 ❤️Please, support my work with like, thank you!❤️
#EURCAD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURCAD. EURCAD has breaked the main Falling Wedge Pattern and almost breakout done. We can see gain here upto 300Pips+ in this move. Keep in touch we will update further soon.
USDCAD is currently in a range, as we can see on the volume profile we have made a very nice distribution curve, we are also in a smaller distribution amongst this larger one. If we manage to break the high of the smaller balance, we may be likely to head to 1.3 area. Keep an eye on it next week, to find its path.
In the upcoming week, our focus shifts to USDCAD, where we're eyeing a potential buying opportunity around the 1.34300 zone. Currently, USDCAD is entrenched in an uptrend but is undergoing a corrective phase as it nears the 1.34300 support and resistance area. Adding a fundamental layer to this analysis, recent hot CPI and PPI data in the US underscore the...
I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #NZDCAD. NZDCAD is hovering around a weekly resistance, so we will be looking for sell setups on lower timeframes. On H1, we are waiting for a break below the last major low to sell. Once the sell is activated, the stop loss...
Hello freinds this chart we shows that this market will know an uptrend on next days if you want more informations please show the chart good luck
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 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 0.83800 support and resistance area. Trade safe, Joe.
It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D...
US Dollar (USD) strengthens against Canadian Dollar (CAD) to 1.35, mainly due to: Surprise inflation jump in US: January's Producer Price Index (PPI) rose more than expected, suggesting higher inflation. This makes investors think the US Federal Reserve (Fed) might not cut interest rates as soon as they thought. Canadian inflation data coming up: Tuesday's...
A double top formed this month around a 50% retracement level on the daily charts ahead of its latest pullback. And it is interesting to note that the market tends to react around the 50% level. The double top could actually be part of a 3-wave retracement, and that retracement could be nearing completion. We saw a strong rally into the January high, hence the...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34630 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34630 support and resistance area. Adding a fundamental layer, The recent CPI data in the US has shown signs of inflationary pressure, with...
Price feverses back from hourly level and shows continuation candle pattern. Sell order triggered
Price near resistance zone. Price could retest one of the previous lows.
Price made a double top at 0.88168. it rejected the high zone with a bearish engulfing on the 15m and also formed a head and shoulder. we can use price action on lower tf for a entry at the retracement of the right shoulder and .618-.786
CADJPY is trading in a long term bullish trend. After an extended correction, the market resumed growth and set a new higher high higher close on a daily, violating a key horizontal resistance. We can expect a bullish trend continuation. Next resistance - 112.5 ❤️Please, support my work with like, thank you!❤️