Get started

J-CAD

Bullish bounce off key support?Loonie (USD/CAD) is reacting off the pivot which is an overlap support, and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 1.3744 1st Support: 1.3577 1st Resistance: 1.3914 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
USDCAD H4 | Potential Bullish ReversalMomentum: Bearish The price has reacted off the buy entry, which is a pullback support. Buy entry: 1.3790 Pullback support Stop loss: 1.3729 Swing low support Take profit: 1.3882 Overlap resistance High Risk Investment Warning Stratos Markets Limited (tradu.com), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Long
by Tradu
AUDCAD - From Shorts to Potential Longs!!Earlier in this range, we sold 📉AUDCAD near the upper boundary, fading resistance as price showed clear exhaustion. That idea played out well, with price rotating back into the middle and now pressing toward the lower bound of the range. This is where things shift. ⚔️As long as range support holds, the bias flips from selling rallies to looking for longs from support. In a well-defined range, edges matter more than direction, and the lower boundary is where buyers historically step in. The plan from here is simple and disciplined. No chasing. No guessing.... 🏹If price holds above support and shows bullish reaction on lower timeframes, longs become valid back toward the range highs. A clean breakdown below support would invalidate this idea and put sellers back in control. Range trading is not about prediction, it’s about location and reaction. Will buyers defend the floor once again, or is this range finally ready to break? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
10
USDCAD H4 | Bullish Reversal Off Multi Swing LowMomentum: Bearish The price is falling towards the buy entry which has been identified as a multi-swing low support. Buy entry: 1.3766 Multi swing low support Stop loss: 1.3688 Pullback support Take profit: 1.3822 Pullback resistance High Risk Investment Warning Stratos Markets Limited (tradu.com), Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Long
by Tradu
Bulliah reversal off multi swing low support?USD/CAD has bounced off the support level, which is a multi-swing low support, and could potentially rise from this level to our take profit. Entry: 1.3724 Why we like it: There is a multi-swing low support level. Stop loss: 1.3678 Why we like it: There is a pullback support level. Take profit: 1.3878 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by Vantage
Bullish bounce off 38.2% Fibonacci support?CAD/JPY is moving lower toward the pivot, which is acting as pullback support and aligns with the 38.2% Fibonacci retracement. Price could find support here and bounce toward the first resistance. Pivot: 112.21 1st Support: 111.60 1st Resistance: 113.30 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
1
Bullish bounce off?CAD/CHF has bounced off the pivot, which is acting as pullback support, and could rise toward the 1st resistance. Pivot: 0.5756 1st Support: 0.57192 1st Resistance: 0.5804 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
Bearish drop off overlap resistance?NZD/CAD has rejected off the pivot, which is an overlap resistance, and could drop to the 1st support. Pivot: 0.79779 1st Support: 0.79061 1st Resistance: 0.80028 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Short
by IC Markets
1
USDCAD at Critical Trend ResistanceHey Traders, In tomorrow’s trading session, we are monitoring USDCAD for a potential selling opportunity around the 1.38000 zone. Technical structure: USDCAD remains in a clear downtrend and is currently in a corrective phase, with price retracing toward the 1.38000 area — a key zone of trend resistance and prior supply. This level represents a technically significant area where sellers may look to reassert control in line with the broader bearish structure. What to watch: Price behavior around 1.38000 will be critical. A clear rejection or loss of bullish momentum here could signal trend continuation to the downside. Trade safe, Joe
Short
by JoeChampion
25
Potential bullish rise?EUR/CAD has bounced off the support level, which serves as a pullback support that aligns with the 38.2% Fibonacci retracement, and could rise from this level to our take-profit target. Entry: 1.6133 Why we like it: There is a pullback support that aligns witht he 38.2% Fibonacci retracement. Stop loss: 1.6063 Why we like it: There is a swing low support level Take profit: 1.6274 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by Vantage
Bearish drop off?AUD/CHF is reacting off the resistance level, which is a pullback resistance and could drop from this level to our take profit. Entry: 0.91626 Why we like it: There is a pullback resistance level Stop loss: 0.91861 Why we like it: There is an overlap resistance level. Take profit: 0.91181 Why we like it: There is a pullback support level that is slightly above the 100% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by Vantage
1
USDCAD reached a key daily demand zone (61.8% Fib)Expanded analysis (for the idea details) Context & setup Price has dropped sharply into a well-defined daily demand/congestion zone (≈ 1.3765–1.3714) and is currently testing the lower boundary. This area lines up with a key 61.8% retracement cluster and a multi-timeframe support region — a clear confluence of supply/demand and Fibonacci support. Why this matters The move into the zone is a strong liquidation leg; the first reaction here will tell us whether buyers are stepping in. If price shows a clean bullish rejection (wicks, close back above the zone, or a bullish engulf), the probability of a corrective swing higher increases. The 200/100-type moving averages and higher-timeframe structure act as resistance above, making this a high-reward countertrend/swing setup if buyers defend the zone. Trade idea (example, for discussion — not trading advice) Entry: buy area 1.376 – 1.379 after a confirmed bullish price action signal. Stop loss: below 1.366 (monthly lower invalidation level). Take profits: partial at 1.4026 (short-term swing target / area of interest), final at 1.4128 (monthly 61.8 / higher resistance). Invalidation: clear daily close below 1.366 would invalidate the long idea and favors continuation lower. Risk management & notes Use position sizing so that the stop equals an acceptable percentage of your account. Aim for positive R:R (this plan targets ~2–4R depending on exact entry). Watch for news and liquidity events — large catalysts can blow through technical zones. Wait for a clean price-action confirmation before committing full size. Summary This is a classic demand-zone vs. fib confluence trade: if buyers defend 1.3765–1.3714, expect a corrective rally toward 1.402–1.413. If the zone breaks decisively, look for continuation toward 1.366 and below. Not financial advice. Trade your plan and respect risk. OANDA:USDCAD FX:USDCAD FOREXCOM:USDCAD BMFBOVESPA:CAD1! TFEX:USD1!
Long
by Xajiakbar_uz
1
Bullish reversal off overlap support?Loonie (USD/CAD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance that aligns with the 38.2% FIbonacci retracement. Pivot: 1.3753 1st Suport: 1.3651 1st Resistance: 1.3909 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
1
Potential bullish reversal?USD/CAD is falling towards the support level which is amulti swing low support and oculd bounce from this levle to our take profit. Entry: 1.3724 Why we like it: There is a multi-swing low support Stop loss: 1.3678 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci projections. Take profit: 1.3848 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by Vantage
Bulllish bounce of 38.2% Fibonacci support?CAD/CHF has bounced off the pivot, which serves as pullback support, and could rise to the 1st resitance, which is a pullback resistance that aligns with the 50% Fibonacci retracement. Pivot: 0.5756 1st Support: 0.5719 1st Resistance: 0.5804 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
GBP/CAD: Is the "Loonie" Losing Its Wings in the AI Era?The British Pound (GBP) has established a new tactical foothold against the Canadian Dollar (CAD) following the Bank of Canada’s (BoC) decision to hold rates at 2.25%. While the headline narrative focuses on interest rate differentials, smart money is pricing in a deeper "divergence trade" between the UK’s service-led resilience and Canada’s resource-heavy vulnerabilities. This analysis dissects why the GBP/CAD pair is moving, looking beyond the central bank transcripts to the structural shifts in technology, cyber-warfare, and innovation that are redefining these two Commonwealth economies. Macroeconomics: The "Dovish" Hold vs. The "Sticky" Service The immediate catalyst is the BoC’s caution. By holding rates at 2.25% a level considered stimulative Governor Tiff Macklem admitted that Q4 GDP is "likely to be weak." * The CAD Drag: Canada’s economy is sputtering due to soft export demand. The central bank is effectively capping the currency’s upside to protect its export engines. * The GBP Floor: Conversely, the UK’s forecasted 0.1% GDP rebound, while modest, signals stability. The Bank of England (BoE) faces "sticky" service inflation, forcing it to keep rates relatively higher than its Canadian counterpart, creating a yield advantage for Sterling. Geopolitics & Geostrategy: Arctic Tensions & Trade Wars The geopolitical risk premium is weighing heavily on the Loonie. * Canada’s Exposure: Canada is currently navigating a volatile trade environment with its southern neighbour. With protectionist rhetoric heating up in Washington, CAD is vulnerable to US trade tariff threats, which could stifle cross-border commerce. * UK’s Arctic Pivot: Interestingly, the UK is reasserting itself in the "High North." The 2025 renewed interest in Arctic security positions the UK as a key security guarantor for the GIUK (Greenland-Iceland-UK) gap, adding a layer of "security currency" status to the Pound that the purely resource-linked CAD lacks. Industry Trends & High-Tech: The AI Scale War Currency strength in 2025 is increasingly correlated with "Sovereign AI" capabilities. The UK is winning this metric. * UK Dominance: As of late 2025, the UK ranks 3rd globally in AI ecosystem strength, boasting nearly double the number of funded AI startups compared to Canada (885 vs. 481). * The Gap: While Canada has world-class research hubs like MILA, it struggles to commercialize at scale. The UK’s "Silicon Fens" and London fintech corridors are attracting significantly more private AI investment, acting as a magnet for foreign capital that supports the GBP. Cyber & Technology: The Infrastructure Risk A hidden driver of CAD weakness is the "Cyber Discount" applied to its energy sector. * The Threat: 2025 has seen a disturbing spike in ransomware attacks targeting critical energy infrastructure. Canada’s vast pipeline network and industrial control systems are prime targets, creating operational risks that global investors are beginning to price in. * UK Resilience: While London faces high attack volumes, its cyber-defence architecture (focused on financial services) is viewed as more mature and "battle-hardened" than the physical operational technology (OT) protecting Canadian resources. Patents & Innovation: The "Grade D" Problem Long-term currency value is driven by productivity, which is fueled by innovation. * Canada’s Lag: Recent reports continue to grade Canada’s patent output as a "D," noting it punches below its weight in converting R&D into intellectual property. * UK Leadership: In contrast, the UK maintains its status as an "Innovation Leader" (125% of the EU average), particularly in high-value sectors like Quantum Computing and Biotech. This intellectual property surplus creates a long-term "quality" bias for GBP over CAD. Conclusion: The Structural Divergence The GBP/CAD uptick is not a blip; it is a signal. The market is favouring the UK’s service-based, AI-integrated economy over Canada’s resource-dependent model, which is currently besieged by soft demand and cyber threats. > Key Takeaway: The "Loonie" is no longer just an oil proxy; it is a tech laggard. Watch the UK’s AI investment flows if they accelerate, GBP/CAD has structural room to run.
Long
by the5erstrading
Bullish momentum to extend?CAD/JPY could fall to the pivot and could bounce to the 1st resistance. Pivot: 112.21 1st Support: 111.60 1st Resistance: 113.86 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
USD/CAD Holds Support Into FOMC, BOCWith the BoC and FOMC meetings approaching, USD/CAD is likely to be caught in the crossfire. One-day implied volatility has surged, and the 1-week tenor now sits above the 1-month. While this sets the stage for two-way swings in the near term, a short-term bounce still looks possible before the broader decline resumes. The pair has already seen a solid selloff ahead of the BoC on expectations of a hawkish hold. Strong US data could also give the Fed scope to deliver a hawkish, well-flagged 25bp cut. USD/CAD is holding above the monthly S2 pivot and the September VPOC, leaving room for a retracement towards the 1.3880 low and monthly S1 pivot. However, with yield differentials still pointing lower, bears may be inclined to fade any such bounce in anticipation of a move towards the August and September lows. Matt Simpson, Market Analyst at City Index.
Long
by City Index
EUR/CAD: Dead Cat bounce?An interesting bearish setup may have emerged on EUR/CAD. After breaking below trend support on Friday, the pair has held beneath that level and is now consolidating tightly near the lows. Both the broken trendline and the October trough are acting as resistance, reinforcing the risk that any rebound may prove shallow. If downside momentum resumes, support layers around the 1.60 handle and the 200-day moving averages become natural targets for sellers. Matt Simpson, Market Analyst at City Index.
Short
by City Index
Bullish bounce?NZD/CAD has bounced off the pivot, a pullback support that aligns with the 38.2% Fibonacci retracement, and could rise to the 1st resistance. Pivot: 0.7977 1st Support: 0.7943 1st Resistance: 0.8063 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
Bullish bounce off?USD/CAD has bounced off the support level which is a pullback support and could potentially rise from this level to our take profit. Entry: 1.3816 Why we like it: There is a pullback support level. Stop loss: 1.3769 Why we like it: There is a pullback support level. Take profit: 1.3910 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by Vantage