We saw another rejection from a long standing descending dynamic trendline on Friday, I'm expecting a fall from here back down to support around 1.4275. Will be closely watching action around the 1.435 mark, but overall we're printing HH's and HL's on the higher timeframes (although still within a range), let's see what happens but I think we're definitely headed...
Analysis of the US dollar against the Canadian dollar in the short term. I think it will rise this week
Alright, let's break down this CAD/CHF sell trade. 📉 First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. 📊 On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. 📈 Now, my eye's on two attractive targets: 0.65750 and 0.65000. 🎯🎯 Now, a bit of context:...
Watching for favorable setup to long.How about you? **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me...
We're coming to the end of the long-term descending triangle. I'm generally expecting some big shifts across the markets by the end of November, in terms of reversals and this is one pair hot on my radar. I don't thin we'll break out for a few weeks, but I've got daily tabs on this, as coming to the end of the descending triangle with really solid support. Cad...
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
USDCAD looks exhausted to me. After a strong bullish movement, the pair formed a rising wedge pattern. The support of the wedge was broken with a bearish engulfing candle. It is an important sign of strength of the sellers. A retracement is expected to 1.3789 / 1.3768 ❤️Please, support my work with like, thank you!❤️
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
USDCAD has broken out of a Bull Flag and will soon test the resistance of $1.3856. I think this resistance will break and that we will go up to the 0.886 retrace at $1.43, from there, we could sit sideways for a while before ultimately going for the measured move of this Bull Flag all the way up to the 1.13 Fibonacci Extension at $1.501
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADCHF I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The AUDCAD pair is trading inside a Channel Down for the whole year. Today it hit the 1day MA100 for the first time in 3 months. After March 24th, all 1day MA100 tests have ended with huge price rejections. The lowest bearish sequence has been -3.14% and the highest -4.68%. Sell now and target 0.8515 (-3.14% decline). Previous chart: Follow us, like the...
I spotted one more confirmed breakout. EURCAD violated a key daily resistance. On a retest of a broken structure, the price formed an ascending triangle formation with a confirmed neckline violation. I expect a further bullish continuation on the pair at least to 1.458 ❤️Please, support my work with like, thank you!❤️
Hello traders, have a good week. GBP/CAD analysis. The trend is down. Focus more on selling more. Be a friend of the trend. Good luck.
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart After rejecting the 0.68 resistance, CADCHF traded lower and it is currently hovering around the lower bound of the range, and support 0.65. on H1: Right Chart For the bulls to take over, and activate our buy setup, we need a break above the last...