The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High...
We can see this pair is pure ranging. Even with the recent increase in the price of crude this pair remains currently bearish, and keeping to the range, I expect this to continue and switch to bullish from support. This is supported by RSI that is now oversold.
Here is a classic example of a top-down confirmation setup: after a breakout of a key support on a daily, AUDCAD retested that. The price was steadily growing within a bearish flag formation. The text of structure triggered a strong bearish reaction and the price violated a support of the flag. It confirms the strength of the sellers and a highly probable...
✅AUD_CAD is trading in a Downtrend and the pair Was making a local bullish Correction but then hit a Horizontal resistance level Of 0.8634 from where we Are already seeing a Bearish reaction so I will Be expecting a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CAD-JPY broke the key Horizontal level of 109.360 Then retested is and is now Going up again so I am Bullish biased and I think That we will see a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello Traders ! On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148) This Key Level Becomes a New Resistance Level. The Price Created a New Correction in The Previous Week! Currently, The Price Formed a Double TOP Pattern. The Neckline is Broken. So, I Expect a Bearish Move ! i'm waiting for retest... ----------- TARGET:...
Hello,Traders! GBP-CAD is already making A pullback from the resistance Of 1.675 so I am locally Bearish biased and I think That the pair will go down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi Traders! On The Daily Time Frame, The CADCHF Price Reached A Strong Resistance Level (0.68135 - 0.68320). Currently, The Price Failed To Create a New Higher High. The Last Higher High is Broken (Break of Structure). The Support Line is Broken. So, I Expect a Bearish Move📉. ----------- TARGET: 0.66300🎯 ___________ if you agreed with this IDEA, please leave a...
Hello Traders! On The Daily Time Frame, The CADCHF Price Reached A Strong Resistance Level (0.68135 - 0.68320). Currently, The Price Failed To Create a New Higher High. The Last Higher High is Broken (Break of Structure). The Support Line is Broken. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 0.66300🎯 ___________ if you agreed...
The NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke: As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed...
The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is...
✅NZD_CAD is trading in an uptrend And the pair was making a bearish correction But it has now retested a horizontal support level of 0.814 From here I am expecting the pair to go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USDCAD nicely respected a key horizontal daily resistance. The price formed a bearish engulfing candle and kept falling yesterday. I believe that the market will keep falling. Next goal - 1.355 ❤️Please, support my work with like, thank you!❤️
The GBPCAD pair has been trading within a Bullish Megaphone for the whole year and is about to test the 1D MA200 (orange trend-line). The recent rebound is taking place on strong technicals as it not only started on the 1W MA100 (red trend-line) but also after a 1D MACD Bullish Cross from oversold levels that we haven't seen since July 2019. If the 1D MA200...
As I predicted, USDCAD bounced nicely. After a test of a significant daily resistance, the market violated that and closed above, setting a new higher high higher close. It feels like the market may go even higher now. Next resistance - 1.376 ❤️Please, support my work with like, thank you!❤️
I think this is a good pair to short, with GBP struggling to get through resistance even with the dip in oil prices. I'm expecting a fall back to support around 1.638 as my target.
The charts says it all, potential inverse HS. I'm already long but if I see that the pattern is playing out I will add. It could take a few more weeks or not, with this crazy market anything could happen. This pair is difficult, I has tried to break out before and it failed (yellow markups) so take profits on the way up.
Hello,Traders! CAD-JPY was making a Local correction but then The pair hit a horizontal Support of 109.235 And we are already seeing A bullish reaction so I think That we will see further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!