The USDCAD pair is making the initial rebound attempt after a Double Bottom on Support A (1.34875). The 1day RSI made a Lower Low on the Channel Down bottom, which is an additional buy indicator. Buy and target 1.36100, which is a little under the 0.618 Fibonacci level. Previous chart: Follow us, like the idea and leave a comment below!!
We'll be keeping an eye on the USDCAD between 1.3700 and 1.3650 to see if there's any potential bearish momentum to trade short.1.3600 zone for the first take profit and 1.3500 zone for the second take profit. NOTE: USE ADEQUATE RISK MANAGEMENT. Keep in mind: No admittance, no confirmation. FOLLOW ME TO SUPPORT MY WORK AND LIKE
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline. Moreover, the zone 109.0 is a strong supply. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the...
Here is my latest structure analysis for USDCAD. Resistance 1: 1.3684 - 1.3695 area Support 1: 1.3475 - 1.3508 area Support 2: 1.3358 - 1.3390 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
I’m not saying this would happen, but it just might !! So here is a version of mine for a long swing in daily time frames. So leave your thoughts. PS. You’re going to see a bit more of me again. Ready to share some positions ?!
SLO2 @ 1.3805 ⏳ SLO1 @ 1.3695 ⏳ SSO @ 1.3625 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 BLO @ 1.2810 ⏳ — PA on this pair has been insane — ALL three of our TPs were triggered, but ironically it retraced so hard that it returned back to the Supply Zone. — Well, it's time to get paid for the second time. — Here's a new setup
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.34 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34 support and resistance zone. Trader safe, Joe.
Buy USDCAD Falling wedge Price breaks the pattern now, its good chance to buy now Thank you
Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
The Canadian dollar has managed to maintain strength against the USD in a week with little Canadian specific economic data. Last week’s Bank of Canada (BoC) rate announcement saw Governor Macklem leave the door open to additional hikes should incoming data necessitate. Subsequently, the local balance of trade and labor reports outlined the economies resilience and...
While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned...
Hello Traders 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 other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Hello Traders 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 other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
A falling wedge is broken! More Bearish move is expected. Quarterly Resistance was worked well so those who want to take less risk as a result win less reward, could wait for a broken horizontal level of 0.8667
Hey Traders, in today’s trading session we are monitoring NZDCAD for a selling opportunity around 0.80600 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80600 support and resistance zone. Trade safe, Joe.
seems like usdcad wanna some correction rising wedge breakout has already confirmed in h8 tf retesting in process incase of successful retest expecting massive bearish wave incase of successful retest expecting 220 to 240 pips bearish wave
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88000 support and resistance zone. Trade safe, Joe.
After the completion of the shark pattern, the price had a jump towards the rise and will probably complete the 5-0 pattern