Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.64900 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.82600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89900 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89900 support and resistance area. Trade safe, Joe.
Possible "ABC" Reversal pattern? Late buyers may push price up more but I like what I see near this price level.
#CADCHF UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about CADCHF. CADCHF is in a strong down trend and now it reach on major level of structure, where we can find a possible trade for short position after looking confirmations. Here we had two main zones where we can execute our trade, but we place entry only...
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35800 support and resistance area. Trade safe, Joe.
#USDCAD UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about USDCAD. USDCAD can be move towards up side, as it reached at the resistance point , so it should retest the newly formed support, we will execute our entry after looking confirmation in the LTF like 15 min or 5 min.✍ PATIENCE IS THE KEY OF SUCCESS IN...
Potential divergence spotted. Looking for price to retrace a previous resistance level between 30%-50% or more. Price also may be trading sideways. Not advice. What do you think?
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. GbpCad at a key turning point ,to see more downside or continue its uptrend if it hold 1.71 band..let's watch and act accordingly. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you...
If you look left, there’s a circle. I’m looking for that same pattern at this resistance level. Potential ABC pattern setting up. Looking for a 1:1 minimum. I set a limit order at the recent high where the A leg started. I’m also looking for price to test that same recent high before a leg further down in price. Price has also been rising on low volume. If we miss...
Potential "ABC" pattern spotted on daily. Going for 1:1 minimum. Looking for a test of B's high. Not advice. Follow for more down the line. I trade larger timeframes (Weekly, Daily).
The USDCAD pair hit today the 1D MA200 (orange trend-line) for the first time since September 29. This comes after the November 01 top rejection marginally above Resistance 1 (1.38645) got accelerated by breaking below the 1D MA50 (blue trend-line). With the 1D RSI close to the 30.00 oversold barrier, we see an uncanny resemblance with the March 10 - April 03...
Hello Traders In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about...
I am currently long AUDCAD with +480 pips across two lots. Price has reached an untested supply zone and is also up against a 78.6 fib extension and 50.0 fib retracement level. I am going to go ahead and scale down my positions, take profit and move my stops to trail from break even. Short, medium, and long term indicators support both a strengthening Aussie and...
∙ Average true range is a volatility indicator ∙ Low readings or declining ATR line shows that volatility is shrinking and the price is in a consolidation and implies a breakout or higher volatility ahead ∙ The Canadian Dollar is trading lower benefiting from a weak US Dollar but still within the 1.33-1.38 range that is holding for more than a year (since...
The USD/CAD pair is making a comeback after recent losses in the last session. As of Monday's Asian session, it's trading higher around 1.3660. The Canadian Dollar (CAD) is feeling the pressure due to a drop in crude oil prices. The price of Western Texas Intermediate (WTI) has been on a decline since Wednesday, hovering around $75.00 per barrel at the...
Hey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 76.50 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance area. Trade safe, Joe.