Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
In today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors!
GBPUSD records best day in months
- Johnson-Varadkar see "pathway to deal" by end of October
- Despite GDP and MAnufacturing data disappointed
USDCAD down on tradewr optimism
- Trump changed mind and now is open to a partial deal
- Willing to and will meet He on Friday to resume...
This updated plan in reference to this post :https://www.tradingview.com/chart/USDCAD/2hiAAULj-Navigating-the-USDCAD-23-Sep-2019/
Price has closed below Monday low and softly tapped the liquidity pool (marked in the chart). My bullish bias for USDCAD is weaker I have to admit (strictly based on technical analysis) but I will still look for LONG today until the...
*Yellow = 200 EMA | Blue = 100 EMA
This update is for OANDA:GBPCAD. I predicted (accurately) that price would find support at ~1.58165, and it successfully rebounded off of this is level and has found resistance at ~1.65918. We currently pushing off this resistance level and first found support around mid-August.
The close on Friday (Sept 20th) is critical...
Divergence strikes again! It's only a matter of time before this corrects. Pulling back and looking at the Daily and Weekly charts, you will also notice it has reached the supply zone. Moreover, MASSIVE bearish pinbar going to close today. GBP has also rallied across the board on simply rumor of an orderly Brexit without an definitive details. This is very much...
According to the hot news, the oil price jumped high which is should be support Loonie, so USD/CAD should be bearish.
Another news, US will cut the interest rate on 19 Sept, 2019. So USD/CAD should be bearish.
So, the conclusion is, sell usd/cad right now, but set a stop loss because nobody know where's the market go.
If Fibo 0.618 crossed => bullish breakout
The pair started the week with a wide gap following news about a drone attack on Saudi's Aramco which lifted oil prices and its correlated currencies such as the Canadian dollar.
The fact that the pair hasn't been able to fill the gap around 1.3270 suggests that this up channel on hourly charts might break to the downside targeting 1.320, 1.3150 and below if the...
Loonie strength from the spike in oil prices and risk aversion sentiment likely pushing down the Aussie dollar. We actually saw the price above
the 0.91250 last week but this morning on Asian session bears on the pair quickly jumped on that opportunity to short AUD/CAD once again.
Going forward, volatility could stay up on AUD/CAD as we will likely continue to...
USDCAD currently trading on complex corrective pattern. I am expecting shortterm trend will continue upto 1.3340 level to complete wave B.
Short term BUY UPTO 1.3340.
ENTER SHORT @ 1.3340 -- TP @ 1.3100 -- SL @ 1.3400
USDCAD has remained heavy after posting a 24-day low at 1.3191 yesterday, which extended the correction from the two-and-a-half month high that was printed on Tuesday at 1.3382.
The recouperation in risk appetite in global markets, with the U.S. and China headed back to the negotiating table, has been a positive for the Canadian Dollar, and other commodity...
The main chart shows the WEEKLY TF of USDCAD pair. There was a neat ascending channel that was violated a few months ago and the price went to test around 1.30200 level. Since then the price has been steadily rising until it HIT 1.33600 level. This created a short term ascending channel which was clearly violated a couple of days back and now the price is likely...
Despite the rally in risk assets, the negatives that sent the EUR lower have not changed. The economic gloom in Europe remains and, despite the north-south divide on the ECB board, many still expect policy easing, if not in September than before year-end as Christine Lagarde ascends to the presidency. Thus EUR/CAD is likely to continue to trend lower. Larger...