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EURCAD have been on the rise since August 2022, and now approaching the highs of 2022, what are my expectations? We can see that above the 2022 highs, there is a weekly imbalance I labelled, so price might get to that highs before going bearish, remember that the first leg of the M formation, formed on December, so this will be our second leg. So we expect this...
Hey Trades, in the coming week we are monitoring USDCAD for a buying opportunity around 1.31500 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently USDCAD is in a correction phae in which it is approaching the retrace area at 1.31500 support and resistance zone. Trade safe, Joe.
price has been consolidatiing between 0.67288 which is my support zone and 0.68155 which is my resistance zone. a break and close above resistance should see price continue its tragectory upward
NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern. Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting...
Hey traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.44750 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.44800 resistance zone. Trade safe, Joe.
We're seeing price make a bearish breakout from a key support-turned-resistance level at 1.3216. A fall from here could see prices drop all the way towards the 1.3066 level. Do take note that there is an ascending support line which might push prices up which is why the take profit target is at 1.3066 (and not further away). Please be advised that the...
The GBPCAD currency pair is in an upward phase by reaching a PRZ zone. ⭐The bullish signals in the PRZ area are: - Trend line - Breaking the descending channel - Moving MA20 -Pivot weekly ⭐ and the bullish signals of market momentum are: - Hidden divergence in MACD ✳️ Note that you should wait for the break of the trend line and a pullback to it, or enter into...
CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is...
AUDCAD is approaching a key horizontal daily support. Testing that the price formed a double bottom formation on 1H time frame. 0.9 - 0.9002 is its neckline. If the price breaks and closes above that on an hourly, I will expect a bullish continuation. Goals will be 0.9023 / 0.904 ❤️Please, support my work with like, thank you!❤️
We expect the specified targets from the price. Log in ➡️ 1.44050 Tp1 ➡️ 1.44700 🟢 Tp2 ➡️ 1.45400 🟢 St ➡️ 1.43700 🔴
GBPCAD got rejected on a LH trend line of a short term Channel Down pattern inside a wider, long term Channel Up. As the 1D technicals are borderline green (RSI = 56.107, MACD = 0.0002, ADX = 32.690), we will proceed with a buy position only if the price closes the candle over the LH and target the Resistance (TP = 1.71415) and similarly sell only under the 1D...
Hey Traders, In today's trading session, our focus is on the CADCHF currency pair, specifically looking for a potential selling opportunity around the 0.68400 level. CADCHF is currently experiencing a downtrend and is presently in a correction phase. During this correction, the pair is approaching a significant support and resistance zone at the 0.68400 level,...
AUDCAD reached a solid horizontal resistance last week. The market was steadily growing within a rising wedge pattern. After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge. Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement. Goals: 0.901 /...
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Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.31300 zone, USDCAD is trading in an uptrend and currently seems to be approaching the trend at 1.31300 support and resistance zone. Trade safe, Joe.
Hey Traders, We are closely observing AUDCAD in tomorrow's trading session for a potential buying opportunity within the 0.90300 zone. AUDCAD is currently trading within an ascending channel and appears to be approaching the channel's support near the 0.90300 supply and demand area. Trade safe, Joe.
Trend direction could have flipped on d1, watching for pullbacks. **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...