We're coming to the end of the long-term descending triangle. I'm generally expecting some big shifts across the markets by the end of November, in terms of reversals and this is one pair hot on my radar. I don't thin we'll break out for a few weeks, but I've got daily tabs on this, as coming to the end of the descending triangle with really solid support. Cad...
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
USDCAD looks exhausted to me. After a strong bullish movement, the pair formed a rising wedge pattern. The support of the wedge was broken with a bearish engulfing candle. It is an important sign of strength of the sellers. A retracement is expected to 1.3789 / 1.3768 ❤️Please, support my work with like, thank you!❤️
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
USDCAD has broken out of a Bull Flag and will soon test the resistance of $1.3856. I think this resistance will break and that we will go up to the 0.886 retrace at $1.43, from there, we could sit sideways for a while before ultimately going for the measured move of this Bull Flag all the way up to the 1.13 Fibonacci Extension at $1.501
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADCHF I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The AUDCAD pair is trading inside a Channel Down for the whole year. Today it hit the 1day MA100 for the first time in 3 months. After March 24th, all 1day MA100 tests have ended with huge price rejections. The lowest bearish sequence has been -3.14% and the highest -4.68%. Sell now and target 0.8515 (-3.14% decline). Previous chart: Follow us, like the...
I spotted one more confirmed breakout. EURCAD violated a key daily resistance. On a retest of a broken structure, the price formed an ascending triangle formation with a confirmed neckline violation. I expect a further bullish continuation on the pair at least to 1.458 ❤️Please, support my work with like, thank you!❤️
Hello traders, have a good week. GBP/CAD analysis. The trend is down. Focus more on selling more. Be a friend of the trend. Good luck.
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart After rejecting the 0.68 resistance, CADCHF traded lower and it is currently hovering around the lower bound of the range, and support 0.65. on H1: Right Chart For the bulls to take over, and activate our buy setup, we need a break above the last...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it. This is a bullish extension signal towards at least the Falling Resistance. Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise. Buy now and target 1.46800 (Falling Resistance). Follow us, like the idea...
Hello traders, The diagonal line worked and we can make profits from any reversal! Don't forget about money management.
CADCHF is taking off from a solid horizontal daily support. The price formed a double bottom formation on that on an hourly time frame. Feels like the market is oversold and it is the moment for correction. Bullish continuation is expected to 0.6535 / 0.6550 ❤️Please, support my work with like, thank you!❤️
The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High...