USD/CAD was in "Sort of" oversold region after hitting eating up decent SL of the long. Now it is very like in the retracement mode. USD/CAD UP mean Oil can be down too. In the longer term, we are still in BEAR but it "may" be time for a decent swing back as there are many shortists piling up to get wacked. 1.2590 and 1.272 will be nice targets. Trade...
USDCAD A.k.a The Loonie Has some Further Downside Potential. After the 160+ Pip move Last Friday on Strong CA Data and Weak US Data, We saw a huge sell off and a slight pullback. On the Hourly Timeframe we have a MA Cross and A Clean Break of the Trendline. I already have some Short Running and have now added to my positions hoping to achieve the Target 2 which...
Price has broken above the trend structure after a correction since September 2017. We are holding onto a bullish bias for this pair, potentially targeting 94.60 area. I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea. Have a great trading year ahead!
FX:USDCAD Massive Selloff in the Loonie from the Trading Range of 200 Pips following Positive Canadian Data and Weak USD GDP Fiqures. Price has Sold of Consistenly for 5 Days and could be due for a pullback. on an 1H Timeframe we have a cross of the Moving Averages to the Upside and a 4H Bullish Engulging Candle. Price is still however Stuck within a Channel...
If price breaks the light-red-colored trend line, price will fall to meet the next support at 148.033. Else, I'll reconsider long the retest of the big trend line in red. Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.
With FOMC rate decision is around the corner, we are expecting USD/CAD for a pop. It shall rise further, at least as an initial reaction. SO, going short is a big NO at the moment. It can reach 1.2996 easily. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes, and does not constitute investment...
Trading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per...
the price is approaching an unfilled gap - the strong sell area
USD may be on the slide but seem like CAD is way weaker. DO NOT BEAR on this pair. Pls see the priojectiion line. It will use 1.265 as support region and shall go higher. Trade Safe, s0nic Disclaimer: The information contained in this presentation is solely for educational purposes, and does not constitute investment advice. The risk of trading in...
UsdCad - Daily time frame - Longs in play due to the simply bullish structure on daily time frame and usd strength and oil weakness.
We have strong Break down to this pairs, thank to CAD. Currently it is at It is going to be under BEAR pressure for quite sometimes and we should rather look for short entry only. 0.78 level is nice resistant while 0.7550 will be an awesome target to TP. Trade Safe, s0nic
USDCAD is testing a major downtrend and has a high probability of breaking out. Cheers!
key daily resistance of 1.66680 Looking for bearish move lower
We have a nice interesting development in CAD/JPY. The PA is considered fairly bearish. It has a complete Bear body with awesome looking Pin/wick/shadow. The likely hood of going down is higher than ever now. I am standing with BEAR now, it has fine potential of getting up to 300 pips or more. Trade Safe, s0nic Disclaimer : This analysis not include personal...
USD is in the rampage right now, it might swing lil higher first to whip out Shorts' SL as much as possible. It can swing to 1.26 or 1.2660 level. Do not short at this moment. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and...
I am personally seeing bearish potential in CAD all over the board. Cadchf, Cadjpy look especially bearish right now likely forming a larg top pattern. If 7900 breaks bulls look like to play out an bullish flag. So its better to exit there. I personally dont like to sell low , thats why i am waiting for a move higher before shorting this pair. Blessings to you all.
Not sure where to begin with this pair. After Deputy Governor, Tim Lane's comment on Monday sent USDCAD surging above 1.23 level. Also thanks to the Fed for adding more boost to the Dollar. In short, Canada's economy after posting massive GDP that caused a surprise rate hike at the beginning of the month, there is no question that we will continue to see more...
Hello, All! CAD FX:USDCAD has been continuously strengthening versus USD since May 2017. The last major breakout of the previous support level of 1.233x occurred on 06 September. After that, the pair was moving inside the ascending triangle which is most likely to be the accumulation phase prior to the next major move. If indicated point 5 is reached, it will...