Looks like a cup and handle to the downside, continuation pattern. Support is giving up, take profit at the next phycological level 0.6400 but there is no limit how far down it can go. Just let it fall.
The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0...
The AUDCAD pair followed our prediction on the last analysis we made a month ago (see chart below) and hit two targets on the way to the bottom of the long-term Channel Down: The price is now on the 2nd straight green 1D candle after a flat Friday, which was most likely the bottom reversal of the Channel Down. As the 1D RSI hit the bottom of its Rectangle...
The EURCAD pair is consolidating on the 1D time-frame above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). This analysis is basically an update on July's pull-back buy idea (see chart below): The price is now entering the secondary bullish wave of this sequence, continuing to mirror the February - April fractal. However, we do have to...
Hello Traders! On The Daily Time Time Frame The NZDCAD Reached A Resistance Line Currently, The Price Broke The Support Level (0.80728-0.80296) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.79150🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
As I predicted, CADCHF bounced from a key daily structure support last week. Analysing 4H time frame, I spotted one more bullish signal. This time, the pair broke and closed above a resistance line of a falling wedge pattern. It indicates that the market may potentially go even higher. Next goals - 0.6524 / 0.6544 ❤️Please, support my work with like, thank you!❤️
Pound still strong across the board. Now is forming a bullish flag to continue with its uptrend. SL when 4H candle closes under the flag support. I'll add to my position if it breaks out and confirms.
Hello Traders! On The Daily Time Frame, The USDCAD Reached a Strong Support Level ! Currently, The Price Failed to Create new Lower Low 📉 Moreover, The Resistance Line is Broken🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET: 1.35340🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hi Traders! On The Daily Time Frame The CADJPY Reached a Strong Support Level! Currently, The Price Formed a Double Bottom Pattern. The Neckline is Broken🔥 So, I Expect a Bullish Move📈 ----------- TARGET: 108.580🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
In my opinion GBP is building up for a big fall this year, and it has to start with a lower high. Oil prices are rising, and as much as the FED don't want this, it's happening, and this should be good for CAD. I can see a rising wedge pattern, we can see spinning tops forming and it looks like we're running out of steam, I believe we'll initially fall back to...
USDCAD broke and closed above a key daily structure resistance. The broke structure turned into a strong support. I will expect a bullish movement from that to 1.350 / 1.355 ❤️Please, support my work with like, thank you!❤️
Hello Traders! On The Daily Time Frame, The EURCAD Reached a Support Level ! Currently, The Price Failed to Create new Lower Low 📉 and formed a Double Bottom Pattern ! Moreover, The Resistance Line is Broken🔥 So, I Expect a Bullish Move📈 ----------- TARGET: 1.48350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USDCAD is testing a key daily resistance. The price formed a double top pattern on that on a 4H time frame. The neckline of the pattern is now broken. I think that we can expect a retracement from the underlined yellow area. Goal will be 1.3325 ❤️Please, support my work with like, thank you!❤️
Aussie is performing really badly and though CAD suffered on Friday due to the unemployment data, I think it will show strength due to the rising price of oil (which looks set to continue). We're in a bearish downtrend that I can't see stopping soon, so looking for shorts around 0.882 - 0.885.
Update for AUDCAD. We spotted a confirmed structure breakout on a daily, yesterday. After a pullback, the price tested a strong intraday resistance. A double top pattern was formed on that. I expect a bearish move now. Goals: 0.8742 / 0.8720 ❤️Please, support my work with like, thank you!❤️
GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times...
AUDCAD is trading in a bearish trend. The price broke and closed below a key daily structure support yesterday. The broken structure turned into a strong resistance. I expect a further decline. Goal: 0.8665 ❤️Please, support my work with like, thank you!❤️
Hello Traders👋🏻 On The Daily Time Frame The NZDCAD Price Reached a Support Level (0.81894 - 0.81736). Currently, This Key Level is Broken (Support Becomes New Resistance Level)🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.80770🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!