USDCAD made a perfect rejection on our last signal exactly at the top of the twelve month Channel Up. You can see this at the bottom of the analysis. The price turned bullish however lately on the short term and the 4H timeframe (RSI = 60.972, MACD = 0.001, ADX = 26.230) as it rebounded at the bottom of the prevailing Channel Down that emerged. At the momemnt it...
Hi Traders! The GBPCAD Broke a Strong Daily Support Level (1.65373-1.67148) Currently, This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1.62790🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting. The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and...
The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50....
Hello, Welcome to this analysis about CADUSD on the daily timeframe perspectives. As when looking at my chart we can watch there that CADUSD already initiated a bearish development with the first impulse wave A into the bearish direction. From there on CADUSD showed up with this channel-formation in which it is also forming a local wave-count which is actually...
The EURCAD pair has been decreasing since the August 30 High that formed the 1.48250 Resistance (1). Being below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), the long-term outlook looks bearish, considering also the fact that we may have completed a huge Head and Shoulders pattern since December. However, the price is decelerating the...
CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 108.454 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 108.120 which is a level that aligns under the 38.2% Fibonacci retracement level and the pullback support level. Take profit is...
Expecting USD weakness this week, and continued CAD strength due to Oil and good fundamentals. Not much else to say here, great RR on this move if it comes off!
Hello Traders! On The Daily Time Frame, The CADCHF Broke a Strong Resistance Level (0.66040-0.66186) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.66850🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDCAD is trading in a long-term bearish trend. However, the market was consolidating the entire August within a horizontal range on a daily. The support of the range was finally broken last week. It is an important sign of strength of the sellers, and it indicates a highly probable bearish continuation. The prices may go lower at least to 0.7936 support ...
Hello traders, There is one entry and 2 TPs for this pair. There is also an alternative short scenario which will be publish if it's goin to be valid. Levels calculated order_block, regarding support and resistances, channel and pivot points.
Certain weeks stand out in importance, and the week ahead is shaping up to be one of them. On the economic calendar we have the Eurozone & Canada CPI as standouts for Tuesday, UK CPI & FOMC on Wednesday. Such action-packed weeks often provide the catalyst for the next move in the markets. Our attention is currently drawn to the EURCAD for multiple reasons....
Take a look at CADCHF. The pair broke and closed above a key daily resistance last week. The price is currently consolidating with a narrow horizontal range, retesting the broken structure. Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range. 4H candle close above 0.6643 will confirm the violation. A bullish...
USDCAD reached a solid horizontal support this week. The price formed a double bottom pattern on that on a 4h time frame, bounced and violated a resistance line of a falling wedge pattern. Probabilities will be high that the pair will bounce next week. Goals: 1.355 / 1.358 ❤️Please, support my work with like, thank you!❤️
The USDCAD pair is making the initial rebound attempt after a Double Bottom on Support A (1.34875). The 1day RSI made a Lower Low on the Channel Down bottom, which is an additional buy indicator. Buy and target 1.36100, which is a little under the 0.618 Fibonacci level. Previous chart: Follow us, like the idea and leave a comment below!!
Hello Traders! On The Daily Time Frame, The NZDCAD Price Formed a Head and Shoulders Pattern! The Neckline is Broken. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 0.79080🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Here is my latest structure analysis for USDCAD. Resistance 1: 1.3684 - 1.3695 area Support 1: 1.3475 - 1.3508 area Support 2: 1.3358 - 1.3390 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello Traders! On 17 Aug, The CADCHF Reached a Support Level ! Te Price Formed a Falling Wedge Pattern ! The Resistance Line of The Wedge is Broken. The Resistance Level (0.65750-0.65825) is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET 1: 0.65750🎯 TARGET 2: 0.66000🎯 ___________ if you agreed with this IDEA, please leave a...