EURCAD had formed the ascending channel and have broken out and retested the channel couple of times to form another rising wedge also looking to break out and retest to drop massively. its safe to sell EURCAD.... do your own research.. if you find this very educative, please like share and follow me for more. thanks
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
Hey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.35400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35400 support and resistance area. Trade safe, Joe.
Hello Traders ! On The Daily Time Frame, The NZDCAD Formed an Inverted Head and Shoulders Pattern. The Price Pull Back to The Neckline (0.82650 - 0.82840) and Failed To Break it. So, I Expect a Bullish Move📈 ----------- TARGET: 0.83570🎯
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7225,...
💲Pair of Name EURCAD ( Euro / Canadian Dollar ) 🗨️Time Frame : 4hrs 💸Direction : Bear Break Out! ( Short ) ❔Type of break : Swing High to Mid Low ———————— Description -------**-- Earlier as we predicted the price broke the resistance and, we entered as told. Now it's just about playing the waiting game and waiting for the final take profit to hit. a new update...
Traders, Let's assess EUR/CAD's daily zones and accompanying considerations: Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions. Monthly RSI: Suggests a range zone, indicating potential stability. Weekly RSI: Indicates a potential bearish move, urging caution regarding long...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade...
any correction on a lower time frame would be great for downside move till the price reaches the area of 0.1334-0.1330 which is a great area to look for a buy setup
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35700, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. The current scenario suggests a disinflationary trend in Canada when examining inflation and wage dynamics....
Hey Traders, In today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.88500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88500 support and resistance zone.
USDCAD 1H The pair moved with horizontal resistance level. 1.3275 We can see the price had a fakeout. 2 Times retested with support. The best way to use this opportunity is to place a Buy order with, 🗣 BUY ORDER AT 1.358300 🗣 TAKE PROFIT 01 1.36000 🗣 TAKE PROFIT 02 1.36300 🗣 STOP LOSS AT 1.3530 The upcoming news will not influence your orders within the...
I'm expecting to see a continuation of this local uptrend, fully breaking through my descending dynamic channel. USD has improving data, with CAD declining, and quite a lot of data this week that I believe will confirm my assumptions.
There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.35300 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35300 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88500 support and resistance area. Trade safe, Joe.
Expecting a longer term reversal soon from this pair, based on price action and also fundamentals. Looking for a sell on LTF around 1.72. If we break and retest the wedge lower boundary we'll be looking at 1.68 and a nice 400pip move.
The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails,...