Good afternoon traders Was just browsing the charts and noticed this nice little mean reversion trade on the USDCAD Keep an eye out for this one! As always, keep your risk managed! Regards :D
Look to buy the dips. 1.3420 should be the next target
Indeed. US dollar has been tanking in comparison to equities, other currencies, commodities and many cryptos. Are we headed for another bullrun on the stock market? It would be almost criminal to think so by now. Charts suggest beginning of Wave 3 on the Loonie, leaving us plenty of room to move up. Fibonacci alludes to some suitable goals. None of this is...
The Loonie has been in a strong downtrend on the higher timeframes ever since the March crash. However, we're approaching key MAJOR support and this is where the higher timeframes will be key. We have weekly support but a weekly descending trendline. Which will break first? Only the market will tell us. What we're looking at here, is the Head and Shoulders on...
Price failed to complete a fractal on 2 weekly chart and is moving away from it. Things started to go wrong in July last year...something to do with Brexit and this "wrong bias" keeps going... We see accumulation above the failed fractal and price is likely to push higher making higher high. THIS IS NO TRADE SETUP BUT GENERAL OUTLOOK TO IDENTIFY LONG TERM BIAS....
USDCAD - Technical and Fundamental View: Dollar Fundamentals view: - Either way there will be further stimulus I am longer term bearish on the Loonie. - We do have the elections, if Trump goes through and depending on takes over the senate as well is key there will be further reflation trades that will be very interesting to keep in mind and I expect energy...
Hello, are bears went ahead of themselves ??? Or maybe much lower levels are waiting for us ? So far, a reaction around an important level based on the daily chart ... profit taking ahead of CAD CPI ? Intraday Longs 1.31 / 3090 Stop below 1.3075 Target 1.3065 / 75 Good luck
So we always try to have a plan for both sells and buys but the #loonie looks long here. It's currently sitting just above one of the strongest levels of support I've ever seen: Key Key psychological 1.30 level Weekly 61.8% Fib Retracement! (WEEKLY FROM JUNE 2017 SWING LOW!!!) Previous September lows when the DXY was crumbling couldn't break this level! So as...
Downtrend till my trend line breaks.
Hello everyone, A quick analysis into the Loonie supporting the bearish picture: 1- The pair broke below the 50 SMA. 2- The pair broke the higher highs higher lows pattern. 3- The pair broke the ascending trend line. - - - Next target is the 38.2% at 1.3150. Good luck
TECHNICAL POINTS: Daily Fib 4hr resistance 4hr support 4hr ascending channel 4hr 200ema 4hr 800ema Buys: Close above the 4hr resistance and 23.6% fib Sells: Close below 200ema, 4hr support and 38.2% fib and break of trendline and change of bias
#USDCAD (Update) From last 5-6 Days, CAD Moving above Horizontal Support & Now, Getting Ready for Upside Move 📈 Keep Your Eyes on it 👀 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
TECHNICAL: Descending Trendline Daily Fib 4hr Fib 4hr 800ema Weekly support 4hr Ascending channel Potential 4hr Double Top Buy Entry Break of Descending channel break of 4hr 800EMA Break of resistance @ 0% fib break of 4hr resistance to invalidate double top Target -38.2% Fib Sell Entry Break of ascending channel Close below 23.6% weekly fib and confirming...
Price was last at this trend line in July. Would it hold??
If my long term trend line holds then we could be seeing some growth. Till then