USDCAD is almost neutral on its 1D technical outlook (RSI = 55.021, MACD = 0.001, ADX = 15.874) as the price has been mostly ranging within the 0.5 - 0.618 Fibonacci zone for the past two months. The 1D MA50 held and the push crossed over the 1D MA100 again, so on the short term we expect a HH on the 0.382 Fibonacci (TP = 1.36400). After that test, the price...
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
Traders, Let's assess EUR/CAD's daily zones and accompanying considerations: Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions. Monthly RSI: Suggests a range zone, indicating potential stability. Weekly RSI: Indicates a potential bearish move, urging caution regarding long...
By examining the CADCHF 1-hour chart we can figure out there is a lot of buy-side liquidity that can be defined as a smart money target. The market structure is bullish and the price had a bullish reaction to the daily order block. Now, there is a sell-side liquidity inside the FVG that creates a high probability buy setup for us. Please keep it in your mind:...
USDCAD is trading within a huge rising wedge pattern on a daily time frame. After a test of an upper boundary of the wedge, the price formed a double top formation and violated its neckline yesterday. We may expect a bearish movement to the support of the wedge now. ❤️Please, support my work with like, thank you!❤️
There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...
The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails,...
Hi Traders ! On 4H Time Frame, The CADCHF Price Formed a Descending Triangle Pattern. The Support Level is Broken. So, I Expect a Bearish Move📉 -------- TARGET: 0.64400🎯
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD. After a test of the underlined blue area, the price started to consolidate and formed a horizontal range on a 4H time frame. Its support was violated and for us, it is an import sign of strength of the sellers. We can expect a bearish continuation now at least to 0.83 ❤️Please,...
I see a nice bullish confirmation after a retest of a broken structure on EURCAD. The price formed a falling wedge pattern and violated its resistance on an hourly time frame. We can expect a local bullish movement to 1.4675 ❤️Please, support my work with like, thank you!❤️
CADCHF formed a double bottom formation on a key horizontal support on a 4H time frame. Its neckline violation is an important bullish signal. We can expect a bullish movement at least to 0.654 ❤️Please, support my work with like, thank you!❤️
It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D...
Hello Traders ! On Tuesday 13 Feb, The AUDNZD Reached a Resistance Level (1.06912 - 1.07016). The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 ------------- TARGET: 1.06075🎯
Well, The price had a bullish reaction after touching the daily FVG, so I expect a more bullish move in EURCAD. As the first target, we can define the liquidity pool that formed as an equal high at 1.4573. The price formed the bearish order block, we should study the price in this zone because it is an important supply zone, if the price breaks this zone we can...
CADJPY is trading in a long term bullish trend. After an extended correction, the market resumed growth and set a new higher high higher close on a daily, violating a key horizontal resistance. We can expect a bullish trend continuation. Next resistance - 112.5 ❤️Please, support my work with like, thank you!❤️
We can see here a huge inverted HS and a double bottom (blue arrows) forming. I thinks all of this is going to push up very hard and break out the resistance from 08/2021. I'll wait for a pull back to buy, right now is too close to the resistance. Every time it pulls back to the trendline I'll add.
USDCAD at 4h time frame FVG taken just we need Waite for bullish price will rise to 1.35400
As We Talked in The Previous Analysis: The GBPCAD Price Formed an Expanding Triangle Pattern. The Higher Low is Broken. Currently: The Price Pull Back to Important Structure and Formed a Head and Shoulders Pattern. TARGET: 1.69320🎯