Hi there. Price is still on the continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell. Next week probably CAD will rise. So, that probably can give us the down move that we are waiting for.
Hi there. Price is forming a reversal pattern to change it’s direction. Wait for the price to hit the top of the pattern and watch strong price action for sell. We forecast that the down move will be corrective or will form a continuation pattern to the upside. Let’s wait and watch how it behaves.
Hi there. Price is still in the reversal pattern. So, wait for the price to hit the top of the pattern and watch strong price action for sell. Is the safest place to take a trade.
the pair to complete wave c of minor wave 2 of big wave (2). turning south in the coming session will activate the scenario.
Fine bullish hammer (pinbar) off 38 Fibonacci support. There are bullish engulfing and bullish harami patterns at previous candles as well. I expect price to shoot to the next Fib extension. Trendlines after CLOSE. MFI (14) oscillator confirms long position( turned from oversold up).
USDCAD have been trading in a bearish channel for weeks. This time it is most likely heading to the upper part of that channel. Happy Trading, folks! Cheers!
looks like usdcad is in for a retracement after a very strong dollar. price has broken its trend, currnently retesting, and im going to go short on the pair.
USD/CAD has developed a nice bearish momentum after breaking the 4h timeframe trendline (around 1.30000). We are also in a descending channel on daily timeframe so the overall bias on the Loonie is bearish. The price has made a huge drop all the way to the 1.2920 area where it has found support. With the move to the downside yestersterday we have also broken the...
Loonie has broken up out of the descending channel for the second time, and is sitting just above a long time support level. The direction of its impulse will be shown when it either breaks through the support or bounces off. May very well depend on market sentiment on how USMCA implementation will go
GBPCAD, H4 UK August trade data revealed a bigger than expected deficit, of GBP 1.3 bln in the total trade figure, with the visible goods deficit coming in at GBP 11.2 bln. In the 3 months to August, the ex-inflation total trade deficit narrowed GBP 6.1 bln to GBP 0.8 bln, which was driven by both a narrowing in the goods deficit and an expansion in the services...
After a sizable drop USD/CAD is back near the top of the kumo. Tenken and Kijun have gone a little flat here meaning we've lost some momentum, but I am watching for a possible bullish breakout here this week. I would still like to see a bullish kumo twist complete to help confirm a buy entry as well as a move up above our previous resistance we've been seeing....
Price has completed a 3-wave structure, and is now showing some minor bounce at the bottom of the channel. We are expecting price to make a new high should the rejection from this bottom holds true. Potentially a very good risk-reward trade setup. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in...
Another clear double top pattern here. Pound will see some turbulence in the coming days with more Brexit headache and the possibility of another referendum. CAD will strengthen on NAFTA progress.
Assalamualaikum and cheers ! I'm expecting a 3-5-5 structure is going to happen for Loonie. Looks like current 5 structure is already completed, next 5 structure will take action. Should support level 1.289 hold and as long as market stays above 1.281, I biased bullish will continue its run with optimum target @ 1.37357 Hope its helps ! Thanks for reading !
As long as the current swing high (1.3226) remains the high-water mark of the current wave on the daily chart, then a buying opportunity may set up for later this week. Until Friday’s close, or until the current swing high is taken out, buy orders from just above the 38% retracement from 1.3097 are solid entry to the bull. Using a standard 1:1 risk vs reward and...
This will be my views of USD/CAD (Sept 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities...
High risk trade. Comments from Barnier yesterday confirmed that the EU were prepared to offer the UK a bespoke package to avoid a no deal Brexit. The rally brings GBPCAD straight back into the daily descending resistance line. We have a clear zone of sellers waiting to push price back to 1.6591 Following a break of this support, we could expect a leg lower to...