USD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards...
After breaking the short-term trend line, probably correct up to the level of the rising trend line, then continue on its path
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart USDCAD has been overall bearish trading inside the falling channel in red. USDCAD is currently sitting around the upper trendline acting as a non-horizontal resistance, so we will be looking for trend-following sell setups. on M30: Right...
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35200 zone, USDCAD 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 1.35200 support and resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring AUDCAD for a selling opportunity around 0.89 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89 resistance area. Trade safe, Joe.
Hey Traders. In today’s trading session we are monitoring GBPCAD for a selling opportunity around 1.71300 zone, GBPCAD was trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.71 i will be watching a potential retrace of the trend towards more lows.
EURCAD is trading within a wide horizontal trading range on a daily. The price tested its upper boundary yesterday. We see a strong bearish reaction to that. Pay attention to the support of the range - the underlined green area. If bears manage to close below that, it will be a strong bearish signal. A bearish continuation will be expected to 1.4512 then. ...
Hey Traders, in today’s trading session we are monitoring USDCAD for a selling opportunity around 1.36000 zone, USDCAD 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 1.36000 support and resistance area. Trade safe, Joe.
NZDCAD gathering energy to climb off the bottom of the channel
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.47500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.47500 resistance zone. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.87300 zone, AUDCAD was trading in a downtrend and successfully managed to break it out, currently we are waiting for a protection in order to see a potential retrace of the trend from 0.87300 support and resistance zone. Trade safe, Joe.
Regarding our observations, currently there are absolutely more sellers in the market
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Hey Traders, in the coming week 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.
Hey Traders, in the coming week we are monitoring GBPCAD for a selling opportunity around 1.72000 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.72000 support and resistance zone. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.365 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is...
RESISTANCE @ 1.3573 SLO @ 1.3570 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 SUPPORT @ 1.2925 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 higher than TP1 — Well, it's time to get paid for the second time. — Here's a new SLO
I'm preparing for the possibility of another uptrend breakout. PA on the USDCAD appears to want to push higher. TP @ 1.3725 BSO @ 1.3575 ⏳ BSO @ 1.3555 ⏳