EURCAD is exhibiting a bearish technical pattern on the 4-hour chart. The triple top pattern suggests that the price has reached a resistance level that it cannot break through, and the subsequent drop to the 1.42500 support area reinforces this idea. Moreover, the fact that the 1.44500 level is acting as resistance after being support in the past indicates a...
Hello Traders! 🔻Potential BUY setup for: USDCAD 👨💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels. 🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls...
The CADCHF is currently forming a bearish pennant, which could signal a significant downside move if the price breaks out to the downside, toward the previous swing low at 0.66 from March 2020. This would be a similar pennant pattern (November 2022) leading to a move to the downside, with the price dropping to test the 0.68 support level. Additional downward...
Price rejected off 0.9500 creating a double top and just broke out zone 0.9400-0.9500. weekly close below 0.9400 after leaving demand zone 0.9200-0.9300. while loading in the zone the p.a gave a bearish continuation pattern price created a new low. price may retrace to 0.9200 but i believe bears are in control at the moment
Price broke support 0.08350 after coming down from a double top on the daily tf. price retested 0.08350 and ended the week with a strong bearish candle. im expecting price to retrace to the 0.5 of the whole up move. 1.5 rr
Looking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud, Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap...
Looking at the H4 chart, my overall bias for CADJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy entry at 100.159, to retest the overlap support and 23.6% Fibonacci line. Stop loss will be at 99.452 where the recent low and overlap support is. Take profit will be at 101.054, where the previous swing high and overlap...
Here are the key levels for you to watch next week on USDCAD. Support 1: 1.347 - 1.352 area Support 2: 1.3225 - 1.329 area Vertical Support 1: Major falling trend line Resistance 1: 1.366 - 1.37 area Resistance 2: 1.3747 - 1.381 area Consider these structures for a pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
I an able to spot a good trade opportunity on CADJPY, but at the moment, the direction is not very clear, since the pair has been ranging since Monday Open. I keep wating for a nice Trend to join at the top pr bottom. A break above the supply zone would mean Buy for me while a break below the demand zone would mean sell. Both entry will be taken in 15Min TF and i...
Hi All, following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bias is still bearish with caution as JPY fundamentally is not in the right path!. With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs....
Follow on from our previous sell on this pair, price has return to the top of interest above and false breakout of the downward trendline forming a bearish channel. We are anticipating some $$ weakness over the coming months fundamentaly and with that in mind out first bearish trade for the dollar is USDCAD. entry sl and tps marked. follow, share, like or comment
If the Canadian banks do not create a big demand, it is very likely that the strength of the Canadian dollar will decrease compared to the franc, and we will see the fall of this chart in the coming hours. CADCHF has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of...
USD/CAD is still inside a bullish trend as described in our last analysis, and today the price broke the dynamic trendline, ready for a new bullish impulse. We are looking for a long continuation.
Hi Traders, Please check this setup on AUDCAD out and get prepared to long on either of the scenario that gets executed. Being Patient is key in this setup.
Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 1.35169 where the overlap support is. We are looking to take profit at 1.36902 where the overlap resistance and the Stop loss will be placed at 1.34582, where the recent overlap swing low is. Please be advised...
Hi viewers, CADCHF bullish in this week, from here new bullish push expecting TP1:0.69300 (40) TP2:0.69450 (55) TP3:0.69600 (70)
Hello Traders! CADJPY - could be a good buy opportunity, the overall bias is bullish, we do have a squeeze at the moment, but I believe the bullish momentum will take this trade further, and once it breaks the resistance this trade has huge potentiall to go much higher. Obviously you can wait for a break of resistance and a pullback which would be a even more...
CADJPY reached a solid horizontal key level yesterday. The price formed an inverted head & shoulders pattern on that on 1H time frame. Its neckline was broken then. I expect a bullish move to 100.0 / 100.25 ❤️Please, support my work with like, thank you!❤️