Quick long after retesting previously marked support area. PS: this is not financial advice.
Hello Everyone, What’s going on? This is Jordan with Conquer Trading & Investing providing simply the very best education and analysis on the internet. Here is the full analysis and outlook for this pair. If you have any questions or insights you would like to share feel free to share them in the comments below.
We have touched our ascending channel for the 3rd time and so we can expect a move to the downside. For confirmation, wait for a break of the resistance box/level in green and try to catch a re-test of that same level at a lower time frame. Do always use your stop-losses and remember this is not financial advice.
I'm looking for potential sells if I see reversal patterns but meanwhile it seems like momentum is breaking the market, we are on a price rage that everyone looks to buy/sells
So I bought some cheap 200-day call options already at the money just before the BoC announced they were holding the rates steady of 1.75%. This is against a US fed already doing QE and cutting rates will prove bullish for the CAD. We obviously will see with time, but this market looks good for commodities and a rising CAD. Note: If the BoC does cut rates in the...
Hello, Traders! Monfex is at your service and today we overview USDCAD. After formed XABCD pattern figure the price was aimed to the support line. RSI has crossed 60% and going to the oversold zone. Short from the resistance. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! ...
First of all this pairs is on a DOWN Trend but what makes it more valid to me is the fake break out that happened last Friday. That fake break is telling us that JPY is much stronger than CAD right now. Second we saw oil making new lows last week which will continue to do so at least 2-3 more weeks.This will influence CAD prices to make new lows Third JPY...
Use this as a guide to develop your own setup Main Items we see on the 4hs chart: a)Price Broke out the Ascending Trendline b)After the breakout, we saw a pullback to the Trendline with clear rejection candlesticks c)Currently, we can see a decreasing momentum on the bullish movement d)Based on that and the Bearish Signals we can see on Higher Timeframes we...
The 12 month chart looks bullish for CAD. Couple that with a hawkish BoC and a dovish Fed. We could see it in the next 12 months if the chart holds the pattern.
Head and shoulders pattern has been formed and confirmed by break neckline. Stop loss is an essential tool so keep at little above the neckline. the target near to the uptrend.
This trade is about a long term hold based on Canada see good things happen after there next election, so it is a post election hold, so keep exposure small and hang on, I have structured it with two buy in levels, depending on the momentum of the market at the first buy zone I may let it go to the second before doing the trade
The price action was moving within a symmetrical triangle and after hitting the support it made double bottom at the support of triangle. In the meanwhile the price line had also completed the formation of gartley and entered in potential reversal zone moreover the volume profile is also showing a very low interest of people to trade below that area. The double...
DXY is the key parameters in Dollar strength, after 2 weeks, it is under two sides! fall or return? market is awating to fundamental news. But if it falling to under support zone, gold increase very high!