Price broke multiple structure to the downside, leaving behind a lot of inducement that it's looking to take before it continues with its bearish flow.
Hey Traders! 👋 For Day 28/100 of our challenge, we will look at CADJPY for upside potential this week/month Technicals: - Stuck in bullish range 104.8-103.6 - Mostly a fundamental-driven trade - Engage in longs only when support above 104.8 is formed Fundamentals: - BoC surprise hike; regains status as hawkish CB - BoJ meeting this week not expecting any shift...
SLO2 @ 1.3450 ⏳ SLO1 @ 1.3435 ⏳ TP4 @ 1.3430 (closing ALL Buy Orders) TP3 @ 1.3400 (shaving 25%) TP2 @ 1.3385 (shaving 25%) TP1 @ 1.3366 (shaving 25%) BSO @ 1.3360 ⏳ BLO2 @ 1.3445 ⏳ BLO1 @ 1.3327 📈 +23 pips
Hey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance. Furthermore, we are factoring in the latest development of an...
Hey Traders, in today's trading session, we have our eyes on CADCHF for a potential buying opportunity near the 0.67400 zone. CADCHF is currently in an upward trend but undergoing a correction phase, approaching the significant 0.67400 support and resistance area. Additionally, we are considering long positions in Canadian dollars due to the recent Bank of Canada...
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.9 zone. AUDCAD is trading in a downtrend and current is in a correction phase in which it is approaching the major trend at 0.9 resistance area. Trade safe, Joe.
TP3 @ 1.4765 (closing ALL Buy Orders) TP2 @ 1.4625 (shaving 25%) TP1 @ 1.4466 (shaving 25%) BSO @ 1.4375⏳ BLO @ 1.4315⏳ TECHNICAL ANALYSIS: — The EURCAD is currently trading at 1.43431 — The moving averages are all pointing upwards, which is a bullish signal — The RSI is in the overbought zone, which could signal a potential sell-off — The MACD is crossing...
Inv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair. There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart. We need to wait for the higher low to form (right shoulder). Then for the price to break above the neckline and it will be breaking above the medium term...
Price is testing a major support level at 1.3319 which is a triple swing low support and also a trend line support. A bounce from here could see prices being nudged up to the 1.3400 level which is an overlap resistance and a 23.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a...
Hey Traders! 👋 For Day 25/100 of our challenge, we will look at USDCAD for downside potential this week. Technicals: - Downtrend = creating lower lows and lower highs - Forming resistance below pivot level - Weekly target at 1.33 Fundamentals: - BoC surprise hike on back of positive domestic data - Fed uncertainties as recent data are negative and Fedspeak...
Just noticed this interesting trendline going back to 2016 that's holding strong, coinciding with a retest of a midrange going back to 2015. Looks primed to head to the top of the range. From there we'll see if it begins a new range above this one.
Pretty simple play here. USDCAD tightly coiling up since Sept 2022. Higher lows. Looks like it wants to explode, even a surprise rate hike by the Bank of Canada wasn't enough to sweep the lows. Tight invalidation. US trudging ahead with rate hikes while the market is in disbelief and calling J Powell's bluff. But he's not bluffing. Canada has the bubbliest...
SLO @ 0.9866 ⏳ TP3 @ 0.9630 (closing ALL Buy Orders) TP2 @ 0.9340 (shaving 25%) TP1 @ 0.9155 (shaving 25%) BSO @ 0.8985 ⏳ BLO @ 0.8910 ⏳
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.33100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 1.33100 support and resistance zone. Trade safe, Joe.
2023-2024 Exchange Rate Forecasts From MUFG Growth Concerns hamper Commodity Currencies MUFG notes important uncertainty over the outlook for Reserve Bank of Australia (RBA) policy. On balance it expects that the RBA will not hike rates again. As far as the currency is concerned, it adds; “We continue to see AUD/USD moving higher but assume underperformance...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.43600 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.43600 support and resistance zone. Trade safe, Joe.
Entry: 1.33459 Stop Loss: 1.32922 (53,7 pips) Take Profit: 1.36188 (272,9 pips)
EURCAD keeps falling. The price broke and closed below one more key daily support. 1.4327 - 1.4350 area turned into resistance now. I suggest looking for shorting from that zone. Next support - 1.425 ❤️Please, support my work with like, thank you!❤️