Trade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.8500 Take Profit Level: 0.8405 Stop Loss: 0.8541 Risk/Reward: 2.3/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices. A retracement has also found support around the weekly R1 pivot and the high of a prior...
We can observe that the price is currently trading near a resistance area. There are two possible scenarios that could play out - the price could rebound from the resistance level and continue to trade within its current range, or it could break below the resistance level and potentially begin a downtrend. To help identify potential levels of support and...
CAD - LT/MT Idea! We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD: This chart is based purely on Technical aspect....
CAD - Trade idea! Another week, another trade opportunity! USDCAD - Very clear levels. Currently we are within the ranges. Highs: 1.36600 Lows: 1.35375 A break of key resistance highs, we could go towards 1.37730 areas. However, we if break below the lows and further down below 200 EMA I expect it to reach towards 1.34380. Keep in mind false breaks out,...
USD/CAD trades within a bullish trend on the 4-hour chart, with yesterday’s low forming above a prior resistance level. Prices are also back above the 20-dar EMA and the weekly pivot point, so perhaps we have seen the swing low. Strong economic data from the US could send the pair higher on bets of a more aggressive Fed, with a soft GDP report for Canada also...
Selling ucad at 1.3460-70 UPPER BOLLINGER BAND Price is contracting... (Contracting Triangle) end of consolidation about to explode... selling strong... stops above 1.35 1st target 1.3350 then 1.3280
$CAD - Interesting... At this current moment of time we are in a range but - Pattern forming of Flag a break to downside of these ranges to confirm taking CAD towards 1.32/1.31 areas. Good R/R -However, if we break above the TL above 200 EMA would be your target. Follow your own trade plan. Trade Journal
USDCAD has been sliding within a Complex Corrective Pattern. This is telling me that an Elliott Wave Impulse could be around the corner. DXY can bounce for a come-back due to its pending Bullish Divergence. All other FX-Majors (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD) are onto Reversals. “Difficult to see; always in motion is the future.” — Yoda My...
CADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up The young Uptrend channel is evolving Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71 To add to this analysis, last...
I like the buy setup for USDCHF. Just enjoyed the 3day swap long payment and boy is it paying well! Positive swap long, classic break & retest setup, and NFP on the horizons, expecting a boost from consumer spending & christmas jobs created. Lets go you good thing yeeeeehaw
CADCHF has been in a multi month bearish market. It's now at a resistance level on the daily chart, will we see downside out of this price? Remember certainty is never present in the markets and boy am I uncertain about this one! Lets see what happens...
On the M30 time frame, a throwback to the support zone at 1.35750, in line with the 23.6% Fibonacci retracement level could see a bounce to the resistance target at 1.36350. Failure to hold above the support zone at 1.35750 could see further downside to the next support zone at 1.35380. Prices are approaching the lower bound of the Bollinger Bands while...
Hello Dear fellows, How are you doing this Christmas season? i am hoping you all are good and doing great and May GOD safe you all the time. So let's discuss the Market , As you know i was Seller in this pair in last week , but last week's closing changed the sentiments little bit , and now i am buyer in this pair . if i will get any good opportunity i will...
When the EU oil ban took effect on 5 December, USDCAD experienced a sharp spike as investors shifted to a risk-off sentiment and the prospect for oil prices were dimmed. The price increase came to test the 1.35680 resistance zone, where a break above the resistance turned support level extended its bullish trend to the next resistance zone at 1.36850. The market...
View On USD/CAD (8 Dec 2022) There is something that you oughta know. The recent run up in the stock markets and fall of USD are fuelled by the expectation/hope on "the pivot" by the FED and the real answer will be on the FED rate decision of the next week. If the FED fails to do pivoting, I expect the stock market will fall and USD will resume it's UP...
So Dollar is starting to show strength again. Commodities are falling and so are the indices. This is what I like to see to trade markets but it is December and nearly holidays. Which means this is like trading a Friday afternoon. There are trades. But be careful out there. USDCAD went a little lower than I expected but not by a whole lot considering I am...
USDCAD is really a worldwide political-news related pair! OIL is not so predictable these days. there are unpredictable conflicts around the world. But the pair is going to move in a clear channel after following undecidable hours! REMEMBER! This analysis is valid until any BIG news related to oil market. I think the bearish setup is more probable here but...