As you remember, traders, we were monitoring NZDCAD last week. We were patiently waiting for a neckline breakout of a double top on 4H. It's finally broken now and we already opened a short position with my VIP members. I expect a bearish move now to 0.7959 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with...
CAD – The Canadian dollar weakened on Tuesday as oil prices tumbled. Still, losses for the currency were limited by growing expectations for an oversized interest rate hike this week by the Bank of Canada. Commenting on CAD, Adam Button – chief currency analyst at ForexLive, stated: “There’s a reluctance to sell the loonie ahead of a Bank of Canada decision. A...
Hello,Traders! EUR-CAD is trading in a massive downtrend And I am bearish on the pair BUT a weekly key level has almost been retested From where a pullback is reasonable to expect With the target being the local resistance above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
The CADJPY pair has been consolidating within a Triangle pattern since the June 08 High and basically supported by the 1D MA50 (blue trend-line) since early March. The 1W MACD is close to a Bearish Cross and with the 1D RSI practically neutral, the pattern draws similarities with the peak formation of June 2021. That sequence eventually broke below and turned the...
The AUDCAD pair dropped sharply yesterday, negating the gains of the past 5 days combined. In doing so, it touched again the Lower Lows zone trend-line that started after the July 30 2021 Low and has been supporting with rebounds ever since. With the 1W RSI well within its own Buy Zone since July 01, this is a solid buy opportunity at least on the short-term...
✅CAD_JPY is about to retest a key structure level Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅AUD_CAD is retesting a support level From where I am expecting a bullish reaction With the price going up 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 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The EURCAD pair has been trading within a Channel Down pattern since September 2021 Triple Top. Such Double/ Triple Top Resistances are important as even in the one time the price broke above the pattern, it got rejected (February 07) on the Resistance of the previous High (Double Top), which also happened to be where the 1D MA200 (orange trend-line) was. On the...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. With rising price pressures and falling demand, the risks of stagflation has risen substantially, so much so that the BoE have forecasted a possible...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE Hawkish Fed policy remains a key driver for Dollar strength. With headline inflation >8%, the Fed has been pressured to tighten policy aggressively, hiking rates by 75bsp at their June meeting, and continuing with Quantitative Tightening. However, as a result of increasing fears of a growth slowdown (as evidenced...
Hey traders, NZDCAD is trading within a wide trading range on 4H. 0.805 - 0.806 is its resistance and 0.7945 - 0.796 is its support. Testing the resistance of the range, the price formed a double top pattern. If the price breaks its horizontal neckline 0.8 - 0.81, I would consider shorting the pair expecting a bearish move to the support of the range. If the...
Hello,Traders! NZD-CAD has retested a horizontal resistance level And we are already seeing a good pullback From the level and because I am bearish biased I think that we will see a further move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
✅GBP_CAD is trading in a downtrend And we are seeing it has formed a bearish triangle So IF we see bearish breakout Then I believe the price will fall further SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
This morning with my students we spotted a confirmed breakout of a key daily structure support. Retesting that structure, the price formed a descending triangle formation on 1H time frame. Its neckline breakout confirms a coming bearish move. Initial target - 1.331 ❤️If you have any questions, please, ask me in the comment section. Please, support my work...
The price has been forming a kind of classic channel that needs to see the bottom again. This analysis is done by the Elloitte, smart money and classical patterns.
Hello Traders, here is the full analysis for GbpCad , let me know in the comment section below if you have any questions. The ellipse could represent a possible zone with good risk/reward to accumulate long position. Please note that all the information and publications hera are not meant to be, and do not constitute, financial, investment, trading, or other...
By looking at the chart, we can see the pair has been moving in a bearish direction for several day. We are starting to see sign that we might have a reversal on our hands. We see a breakout of our key level which also signals a change in market structure from bearish to bullish. If we look around the low of June we can see a inverse head and shoulder pattern has...
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst underlying negative risk sentiment, China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While all major...