The USDCAD ended its downtrend by breaking the downward trend line since March and the resistance level around 1.342, as well as the 100 and 200 moving averages on the hourly timeframe. Since this pair tends to move within price channels, it can be said that the price is now heading towards a third peak in the local upward price channel at the level of 1.347/49....
NZDCAD broke and closed below a key daily structure support last week. Today, we see its retest. The price formed a double top pattern on an hourly time frame, testing that. Its neckline has been just broken. I expect a trend-following movement now. Goals: 0.8289 / 0.8273 ❤️Please, support my work with like, thank you!❤️
00:00 Annoyed That I Took Profit 01:10 My Sell Positions 01:35 Demand Zones and Immediate Retest 01:58 Shaving and Taking Profit 02:33 Follow, Join, Boost, and Comment As anticipated, Price Action for our Buy Position has reached Supply and now we're ready to short this thang again. (2) SLO2 @ 1.3440 (1) SLO1 @ 1.3425 (3) TP1 @ 1.3395 (shave 25%) (4) TP2 @...
From Today's Webinar TP3 1.5515 (close trade) TP2 @ 1.5300 (shave 50%) TP1 @ 1.5115 (shave 50%) BLO1 @ 1.4450 📈⏳ BLO2 @ 1.4386 📈⏳ BLO3 @ 1.4350 📈⏳ ADDITIONAL INFO: — If PA, returns to the Demand Zone (1W) around the 144.00 range then we'll have an amazing long term uptrend opportunity. — Since the Zone is large. I have chosen to Dollar-Cost-Average (DCA) my...
Hey everyone Although the 1-4 moving averages are at the bottom showing bull pressure, higher timeframes are likely to react and push the market back down, strong down-trend on the daily, also 200 moving average on the daily, showing maybe a push exhaustion cycle.
NZDCAD is taking off from a key daily structure support. The price formed an inverted head & shoulders pattern, testing that. It neckline was broken this morning. I expect a bullish continuation on the pair. Goal - 0.8323 ❤️Please, support my work with like, thank you!❤️
EURCAD is approaching a solid rising trend line on a daily time frame. Testing that, the price formed a triple bottom formation on 1H time frame. Its neckline was broken then. I expect a pullback on the pair. Goals: 1.4665 / 1.468 ❤️Please, support my work with like, thank you!❤️
USDCAD on the 4h chart after the expected bearish impulse retraced exactly at the 0.381 Fibonacci level. The price is moving in an ascending channel that can also be seen as a bear flag. How can i approach this scenario? If the price will break below the lower trendline and the support we can set a nice short order according to Plancton's strategy Or else we can...
• Bearish picture still intact for the US dollar against the Loonie • The ascending trend line since June 22 has been successfully broken recently with several daily closes already below it • Recent rally is attributed to a short term Dollar correction • Bulls might re-test the trend line support turned into resistance line • If they are able to break above it,...
The USDCAD pair crossed under the 1D MA200 last week and is approaching S1 on a very bearish 1D technical outlook (RSI = 38.120, MACD = -0.005, ADX = 45.239). The two day bounce on the HL trendline and the fact that the 1D RSI hit the bottom of its Channel, constitute a short term buy opportunity targeting the 1D MA50 (TP = 1.35450). If a candle closes above the...
Hi Traders, Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend. However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry. That is what i will do, provided that we get a solid breakdown and retest of...
Hey Traders, USDCAD was trading in a downtrend and successfully managed to break it out after some hawkish comments about the monetary policy that have triggered USD strength. in today's trading session we are going to be watching a potential retrace of the trend from 1.335 support and resistance zone towards previous highs. Trade safe, Joe.
hello traders we expect lower prices on usdcad it looks clear we are making a lower low if we can get that pull back it will be our opportunity not guaranteed but we will see good luck and good trading
Hey Traders, Check this out on CADCHF, the pair just broke the bearish trendline after making a sizeable inverse head and shoulder. I am anticipating for a retest then look of a good buy entry. Check it out and Good luck.
USDCAD Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has...
The AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence. Unless a new higher high is formed, the market appears poised for a sizeable downward move. Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
cad jpy price should go down from her to finish the correction i believe that should make anew down ster from here
Hey Traders, in tomorrow's trading session we are monitoring NZDCAD for a buying opportunity around 0.825 zone, NZDCAD was trading in a downtrend and then successfully managed to break it out and seems to be now in a correction phase in which it is approaching the retrace area. Once bulls are confirmed i would consider 0.85 as a target as it's considered the next...