Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.46400 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46400 support and resistance area. Trade safe, Joe.
USD/CAD Slips as Canadian Labor Market Surges: Impact on Forex and Global Markets Introduction The USD/CAD currency pair experienced a significant decline, nearing the 1.3600 mark, following the release of robust labor market data by Statistics Canada. This unexpected surge in Canadian employment figures has sent shockwaves through the forex market and has...
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance zone. Trade safe, Joe.
Forming a rising wedge. On the Daily Resistance level. Div on RSI DXY looks like it might come down
The USDCAD pair has been on a relentless bullish run since the week of July 10 after almost touching the 1W MA200 (orange trend-line) and making a bottom on the +2 year Higher Lows trend-line. This rise will now face the first selling pressure point, the Lower Highs trend-line of the October 10 2022 High. Following a 1W MACD Bullish Cross, if a 1W candle closes...
Hey Traders. In today’s trading session we are monitoring CADJPY for a buying opportunity around 107.100 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.100 support and resistance area. Trade safe, Joe.
📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also...
cadyen is taken its previous liquidity and shifted its structure towards vdown side on on confirmatiomn we can go sells..also we have cad news later today good luck
SLO2 @ 0.9495 ⏳ SLO1 @ 0.9400 ⏳ TP4 @ 0.9356 (closing ALL Buy Orders) TP3 @ 0.9185 (shaving 25%) TP2 @ 0.9080 (shaving 25%) TP1 @ 0.8920 (shaving 25%) BSO @ 0.8766 ⏳ BLO @ 0.8666 ⏳ PA is officially trading in the Demand Zone. It appears that the DT retracement is over We should see this oversold instrument reverse in our favor towards the upside
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80350 support and resistance area. Trade safe, Joe.
Sell AUDCAD Bearish Flag Sell Aud/Cad @ 0.8693 Tp - 0.8614 Sl - 0.8725 Its Good chance to sell today. Thank you
USDCAD is trading inside a Channel Down pattern that has almost completed 11 months of trend. The technicals on the 1D time-frame are overbought (RSI = 70.266, MACD = 0.007, ADX = 57.395) and that enhances the sell sentiment as the price approaches the top of the Channel Down. The previous LH was priced a little over the 0.786 Fibonacci level. The formation of a...
Hey Traders, in today’s trading session we are monitoring AUDCAD for a selling opportunity around 0.87400 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.87400 support and resistance. Trade safe, Joe.
Hello There! Welcome to my analysis about CADJPY on the 6-hour timeframe perspectives. Within the recent times CADJPY is forming a important formation that is likely to convert into a major bearish breakout to emerge in the next upcoming times especially when huge bearish volumes move in here and accelerate the trend-turning-dynamics to the downside this is a...
USDCAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.36034 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.34850 which is a level that aligns under an overlap support level and a recent swing-low. Take profit is at 1.37331 which is a...
Good day, traders. We're going to focus on USDCAD.On the daily timescale, there is a bullish trend. I'm going to wait for a pullback from the 1.3700 zone to the 1.3300-1.3400 zone before I start watching for potential upward buys.
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72200 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.72200 support and resistance area. Trade safe, Joe.