Last post: June 20th. See chart . Review: Price had broken through and established a bull trend above the March high. Update: Recent indecision in the market suggests the much needed pullback is a possibility. Conclusion: Standing aside and letting price dictate a pullback or a trend continuation. A pullback is preferable. Any comments or questions, do...
Last post: March sixth. See chart . Review: Price had broken through the daily 200sma but was faced with resistance at 1.3000. Update: Price did a pop and drop above 1.3000, pulled back to the daily 200sma and since April, price has been bullish and has now broken March resistance. Conclusion: Applying patience and waiting for the right opportunity to enter...
This pair is breaking out of the corrective structure of wave 4 of (C), which in terms of patterns looks like a Bull Flag. Target is located at the 0.5-0.618 of waves 1-3 within the orange box between the 1.4726-1.5349. Nice profit to hunt. All oil currencies listed in the related ideas would suffer from the oil weakness and it's not a big secret.
Cad employment is due in 10 mins, with the market expecting +15K vs -1.1K previous. Clients have been alerted to the NewsFlow trade potential.
Does Canada hate its currency? Seems like it, time to short this shitcoin. Cheers. "The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice."
Hi guy, the "Loonie" aka Canadian dollar is near a strong support weekly. This support is an ascending trendline which might announce a strong rebound of the Canadian dollar. Possible scenarios: USDCAD: USD on a resistance and CAD on a support = Short on USDCAD EURCAD: Downtrend continuation expected on the pair GBPCAD: Downtrend continuation expected on the...
GBP/CAD Short in play. Clean Retest of Support Region. Looking for further decline to 1.7100 If We can sustain A Oil Rally Next week the CAD will appreciate relative to GBP/CAD
USDCAD With the return of USD. This pair is trying extra hard to break up the strong resistant of 1.29 level. Soon they shall succeed and the market shall rise further. The next tgt is around 1.31. Let's forward test. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not...
Canadian dollar is one of a few major currencies which is strong (thanks to crude that has been pushing it up). It broke from its bearish channel in 2004 and turned bullish. It restested twice the old resistance which now became a support. And now we are about to start a long drive up which will last for months. Just for a few days CAD will be going down before...
GBP fundamentally is very weak and given the opportunity that lies ahead with the BOE interest update on the 10th May, GBPCAD presents a great trade. Market has broken a decent bullish run and is now sitting on 38.2% retracment support. I am looking for a move lower on the hourly chart before entering this short.
USD/CAD 1.2870 is a tough nut to break but soon it shall get broken. It is like the invaders trying to break the city gate. For now, the bulls do not seem to get enough energy to break just yet. So, wait for a right move and I am expecting it shall rise up higher soon or later break out from 1.285. DYODD and Trade Safe s0nic Disclaimer: The information...
This pair had a nice bullish breakout after being stuck in consolidation for a short time. I am looking for a slight drawback to around the 1.2744 level to look for a chance to enter a buy, if support holds there. I am targeting 1.2800 as my TP level, which coincides with a previous strong area of support/resistance. If our bullish confirmations change to bearish...
Here is the landing zone in my opinion - looking for a bounce from the bottom of the green polygon to open a long at the top, stop loss would be the height of the polygon at the given time it plays out. After all April is a good month for GBP every year, so time to see it play out next week. Please note this not a trade recommendation - purely my personal...
It is kinda late to enter the short as you might be taking tons of risk. The best place to short is 1.286 region BUt USD "MIGHT" drop lower as far as technical landscape as concerned. TP is 1.26 or lower. Frame it well. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not...
Head and Shoulders setup for USD/CAD
My technical analysis tells me to buy usd against cad here but it doesn't correlate with setup on eurusd (look at the link below). That's why I can say that one of these pairs should hold up in flat for a while. I think that usdcad will hold up in flat because if we look at the chart, we can see that after signal to buy it didn't go up. Follow this idea to see...
We are seeing the recent sell down is over and there will be a potential run-up in this pair. It is better to look for a bull set up, you too can try other pairs such as GBP/CAD, AUD/CAD with the same bullish direction. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not...
Descending channel, price action shows respect to MA so it is resistance. If enter now you will have a better R/R ratio. Follow this idea to see the updates or follow my page to see my analysis on other pairs.