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!
✅USD_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 1.3694 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USDCAD nicely respected a solid rising trend line on a daily. The market was rejected from that, and it is most likely heading towards 1.368 - the next strong resistance now. ❤️Please, support my work with like, thank you!❤️
✅AUD_CAD was trading in a Falling narrowing wedge but Now we are seeing a bullish Breakout which is confirmed So I think that we will see A further move up next week LONG🚀 ✅Like and subscribe to never miss a new idea!✅
EURCAD is trading in a strong bearish trend. After the price set a new lower low lower close on a daily, it retraced to a key daily horizontal resistance. To short the pair with a confirmation, monitor a head and shoulders pattern on 1H t.f. Its neckline breakout - hourly candle close below 1.422 will confirm the strength of the sellers. A bearish...
Apparently a huge double bottom is forming. I don't have any positions yet, I'm waiting for a pull back to the 0.67 support and then a rejection of that support. It could take a couple or more weeks in the mean time is in my watchlist.
We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target,...
Hi Traders! The EURCAD Broke a Strong Daily Support Level (1.43628 - 1.42384) Currently, This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1.40350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello,Traders! AUD-CAD broke the key Horizontal level of 0.864 While trading in a strong Downtrend and the breakout Is confirmed so I think that A bearish continuation Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!