For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar. The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
Hey traders, What a breakout on AUDCAD. The price broke and closed below a wide horizontal neckline of a head and shoulders pattern on a daily. The broken neckline turned into a key resistance now. I will expect a bearish continuation to 0.876 support now. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like,...
USDCAD | US Dollar vs Canadian Dollar --------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
British Pound/Canadian Dollar is running in the Heavy Support zone and near the lower line of descending channel. I expect the British Pound/Canadian Dollar to go up to the middle line of the descending channel. It should be noted that this growth will be temporary. 🔅British Pound/Canadian Dollar (GBPCAD) Timeframe 4H⏰. Do not forget to put Stop loss for your...
Wait after price closes above 1.31484. If price closes above 1.31484, then go long.
CAD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE The CAD has enjoyed far more upside in the past few weeks than we anticipated. We’ve been cautious on the currency given Canada’s dependency on the US (>70% of exports) where the clear signs of a faster than expected slowdown and possible recession should deteriorate the growth outlook for Canada. Apart from that,...
The CADCHF pair has been trading within a very long-term Channel Up since the July 31 2020 Low. Our most recent idea back in May was focused around the incredible sell opportunity that we were handed when the price hit the top (Higher Highs trend-line) of that Channel Up: As you see the strategy was successful and the pattern played out exactly as expected....
The USDCAD pair has been trading within a Channel Up pattern since September 2021. This 1 year of steady growth has given us a very clear trading outlook for buy-low sell-high set-ups. It is how we got an almost perfect buy on the 1D MA200 (orange trend-line) on our last update more than a month ago: The price is now again near the Higher Highs (top)...
The floors and ceilings of the side areas act like magnets.EURCAD currency pair broke the floor of the side area and then returned to this area. Therefore, we should wait for the price to touch the top of the side area. If the price does not reach this point, it will certainly drop from lower points. be profitable🤑
Hey traders, Update for EURCAD pair. As you remember, we spotted earlier a confirmed breakout of a major daily structure support. Analyzing the reaction of the price to the broken structure, I spotted a confirmed bearish breakout of a rising wedge on 1H time frame. I believe it may trigger a bearish continuation. Goals: 1.296 / 1.2922 ❤️If you have any...
From 0 gravity all the way to 100, expecting price to rocket downwards after last weeks rise. Nice retest setup hopefully I get entered the trade, big risk with stop loss but will set to break even once first profit level reached
✅EUR_CAD will be retesting a resistance level soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CAD-CHF is already making a local rebound After the pair fell sharply from the local highs So despite my mixed bias I think We might see some further growth ahead Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
The NZDCAD pair has offered us an excellent pattern for a sell high/ buy low plan on our previous analysis more than two months ago: As you see, we were successful on the sell exactly on the 1D MA50 (blue trend-line) rejection and the buy on the Lower Lows trend-line of both the Megaphone and Channel Down patterns. Right now there is a conflict as to where...
Price closed below horizontal support resistance level. Price retraced at 50% Fibonacci Retracement.
Here on GBPCAD we have a perfect example of the importance of higher time frame analysis: The pair broke and closed below a key daily structure support this week. Even though, it is a strong bearish clue, I spotted a key monthly support lying slightly below the broken area. Watching how the price reacted to that level in the past, I would suggest patiently...
The AUDCAD price is in 50 FIB LEVEL🧐 the key level is broken (Break of Structure ✔) so, i predict a bullish move 📈 TARGET: 0.90985 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!