Follow me, to get a lot of money And explain to you reason of my entry
US jobs indicator signals early signs of stress, CAD rides positive momentum after BoC hike Bearish momentum accelerates as CAD continues positive momentum – ‘death cross’ and major support will be tested nitial jobless claims out of the US flashed another early warning signal regarding the otherwise robust job market. 261 thousand people were newly unemployed...
SLO2 @ 1.3450 ⏳ SLO1 @ 1.3435 ⏳ TP4 @ 1.3430 (closing ALL Buy Orders) TP3 @ 1.3400 (shaving 25%) TP2 @ 1.3385 (shaving 25%) TP1 @ 1.3366 (shaving 25%) BSO @ 1.3360 ⏳ BLO2 @ 1.3445 ⏳ BLO1 @ 1.3327 📈 +23 pips
Price is testing a major support level at 1.3319 which is a triple swing low support and also a trend line support. A bounce from here could see prices being nudged up to the 1.3400 level which is an overlap resistance and a 23.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a...
Hey Traders! 👋 For Day 25/100 of our challenge, we will look at USDCAD for downside potential this week. Technicals: - Downtrend = creating lower lows and lower highs - Forming resistance below pivot level - Weekly target at 1.33 Fundamentals: - BoC surprise hike on back of positive domestic data - Fed uncertainties as recent data are negative and Fedspeak...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.33100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 1.33100 support and resistance zone. Trade safe, Joe.
2023-2024 Exchange Rate Forecasts From MUFG Growth Concerns hamper Commodity Currencies MUFG notes important uncertainty over the outlook for Reserve Bank of Australia (RBA) policy. On balance it expects that the RBA will not hike rates again. As far as the currency is concerned, it adds; “We continue to see AUD/USD moving higher but assume underperformance...
SLO @ 1.3770 ⏳ TP4 @ 1.3740 (closing ALL Buy Orders) TP3 @ 1.3633 (shaving 25%) TP2 @ 1.3566 (shaving 25%) TP1 @ 1.3466 (shaving 25%) BSO @ 1.3366 📈 BLO @ 1.3305 ⏳ ADDITIONAL INFO: With CAD and USD News on the horizon, I'm anticipating another bounce to the upside before PA continues the DT.
I just placed the following trade. This is a counter-trend trade. Enter at your own risk. Manage your trade and use conservative position sizes. USDCAD...UT SLO2 @ 1.3452 ⏳ SLO1 @ 1.3438 ⏳ TP @ 1.3433 (1H) MO-LONG @ 1.3377 📈
Fundamental Backdrop BOC monetary policy statement today, expected to maintain. Potential bearish pressure coming into USDCAD if BOC hikes. Technical Confluences Near term resistance level at 1.36374. Near term support level 1.33166. Idea We believe that the BOC will maintain interest rates and this will solidify the notion that USDCAD will...
The Canadian dollar (CAD) is poised for potential gains, especially if the Bank of Canada's impending policy rate decisions, likely influenced by robust economic indicators, result in a surprise rate hike and policy reconvergence. Bank of Canada's Policy Rate Steady But Rate Hike on Horizon According to Brian Daingerfield however, Head of G10 FX Strategy at...
Fundamental Backdrop Overnight Rate on Wednesday is expected to maintain at 4.50% Technical Confluences Resistance level at 1.36374 Support level at 1.33166 Idea If the Overnight Rate maintains at 4.50% as expected, we could see the price drop towards the support level at 1.33166. However, if the Overnight Rate increases, we could see the price...
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.33500 zone, USDCAD is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.33500 support and resistance zone. Trade safe, Joe.
Today's NFP report will be the main reason for smart money to push USDCAD up. We already see positive bullish signs on 4H. I believe that the pair will grow. Target level - 1.35 Please, support my work with like!
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35800 zone, USDCAD is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.35800 support and resistance zone. Trade safe, Joe.
Cette paire semble continuer sa remontee. La tendance est donc haussière.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35500 zone, USDCAD was trading in a downtrend and successfully managed to break it out, currently USDCAD is in a correction phase in which it is approaching the retrace area at 1.35500 support and resistance zone. Trade safe, Joe.
I will wait for a pullback and place a buy limit order at 1.35561. Remember: Take some profits if the trade is going as planned and move your SL to entry.