Canadian Dollar Double Bottom, Three Drives, SharkGood news has helped the CAD bounced off a double bottom today. Next upside target R3 at .79500. Possible bearish Shark pattern developing. USD still creating massive Head and Shoulders which if it comes, will help fuel CAD to Shark completion. CAD fell from H&S last month, then went into a three drives pattern and double bottom yesterday. CAD also crossed the 20 day moving average and could now be used as support if uptrend continues. DLongby hopscotchUpdated 3
CAD - 6c - USDCAD : week start contextBarred markets and dollar ripping to repetite all time highs, CAD long context as long as it holds 0.7830 level with history back to 2014 and freshly remounted 20 daily MA. On watch to catch end of retracement. WLongby Artes_1
Canadian Dollar Futures Waekness Big Player Are Short CAD Distribution Near End LPSY initiated and the box is near to be empty get ready for breaking the ice going to 0.77 as our first target DShortby WaelAhmed3
Canadian Dollar Long Term Head and ShouldersDecember Canadian Dollar may be in a long term head and shoulders. The last two pivot structures used S1 as a support area. This may continue out until November where we might see a fall to .76275DShortby hopscotchUpdated 112
CAD, Time For A Pause???CAD futures has approached key area, 38.2% Fib, 200EMA on the Weekly and parallel trendline resistance. Anticipating a pause in CAD strength in particular against the GBP and the USD Appreciate any thoughts or ideas Good luck allDShortby mattytb843
Canadian dollar completing ABCD at confluence resistance $6C_FTriangle next? A close >0.8260 can see 0.85-.0850 $USDCADDLongby pantheo222
CAD Correction???The trendline on the 6D CAD futures chart suggests the Canadian Dollar is due a correction in its recent rally. My personal favourites being the USD/CAD, CAD/JPY and GBPCAD Any thoughts and/or ideas are appreciatedDShortby mattytb84Updated 5
Canadian Dollar: Potential Bullish Butterfly at 50% RetracementI am looking for a buy in the PRZ shown based on the bullish Butterfly pattern as well as 50% retracement level. From an Elliot Wave perspective, if the move up from the recent bottom was all a first wave then this is the minimum retracement I would expect for the second wave. In this case we are getting ready for Wave 3 which would likely be pretty amazing. This was also previously a supply zone which now could be turned to demand, if you believe that sort of thing (I am not too sure about it myself). My stop loss for the butterfly is below the 1.414 extension, shown by the red horizontal ray. However if I am stopped out I will likely still look for chances to long from lower, perhaps based on a larger bullish pattern, unless there is a strong move down before then. This will be a continuation of my previous CAD trade which I have linked below. I will be looking to employ the same strategy as in that idea once price reaches the PRZ, and still optimistic that bull flag will break up someday!DLongby SharkbaitAlUpdated 7