The EURCAD pair broke below the 1D MA200 (orange trend-line) again after getting rejected on the 1D MA50 (blue trend-line), which establishes it as a Resistance. The long-term pattern is a Channel Down (blue) since the February 10 Low and the current (dotted) Channel Down is the Bearish Leg towards a new Lower Low. We are taking this bearish break-out signal for...
We see a massive bearish breakout on USDCAD on a daily. The price broke and closed below 1.3365 - 1.3400 huge demand area. The broken structure turned into a resistance. We may anticipate a bearish continuation to 1.327 / 1.316 ❤️Please, support my work with like, thank you!❤️
Price is failing the test of the broken support. It may try another test, that would an opportunity to add to my short position. SL triggers if daily candle break through the resistance and confirms the break. Otherwise I hold.
✅USD_CAD has retested a key resistance level of 1.364 And as the pair is already making a bearish pullback A move down to retest the demand level below at 1.354 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USD/CAD Nears Three-Month Low as US Dollar Bears Take Control The USD/CAD pair is facing sustained selling pressure for the third consecutive day, reaching a near three-month low during the early European session. Trading around the 1.3385 area, down 0.15% for the day, the pair appears vulnerable to further downside as the US Dollar (USD) succumbs to bearish...
Pair is accumulating over and important support (blue line) and forming an inverse HS. I just opened a long position, If it pulls back I'll add. I wants to break out, is just a matter of time.
Let’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm...
EURCAD formed a tiny double top pattern on a solid horizontal resistance. Breakout of its neckline is a strong bearish confirmation. We can anticipate a bearish movement to 1.4645 now. ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On The Daily Time Frame, The NZDCAD Reached a Resistance Level. The Price Created a Rectangle Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, I Will Sell on Retest... ----------- TARGET: 0.82450🎯
Hello Traders ! Yesterday, The EURCAD Price Reached a 0.5 Fibonacci Retracement Level. Currently, The Price Formed a Falling Wedge Pattern. So Let's Expect The Bullish Scenario: If The Market Breaks The Resistance Line and Closes Above That, We Will See a huge Bullish Move... TARGET: 1.49050🎯
Hello,Traders! CAD-CHF made nice bullish Move up but a strong Horizontal resistance is ahead At 0.6494 from where I think We will see a bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a...
USDCAD closed, testing a solid horizontal daily supply zone. Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that. To short the pair with a confirmation next week, pay close attention to the neckline of the pattern. If the price breaks and closes below 1.3548, we can anticipate a bearish movement to 1.35 Alternatively, a...
Seeing a major uptrend of USD/CAD in the next few years
✅ CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD )🟢, SMA(200) , Yearly Pivot Point(1.202 NZD) , and the Support line . 💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum. 🔔I expect CADNZD to continue its...
I think the rising wedge is a continuation of the double top bearish pattern. Looks like a retest of the broken support. I'm going to start shorting now, if I see a fake break out of the resistance I'll add. My SL triggers only if a daily candles closes above the resistance.
GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On Tuesday 21 Nov, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, I Will Sell on Retest... TARGET: 0.87950🎯