Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90100 zone, AUDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.901000 support and resistance zone. Trade safe, Joe.
-Divergence on MACD RSI on support zone implying false breakout -Strong Bull candle -Tp on the next mini resistance area -Sl below the divergence low 1.8 r/r including spreads without exhausting the ranges
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...
CADCHF has nicely reacted to a key horizontal support: the price formed an ascending triangle on 1H time frame, its neckline was violated then. I expect a bullish move now. Goal - 0.678 ❤️Please, support my work with like, thank you!❤️
CADJPY hit today the top of the HH trendline that started the Channel Up at the start of the year. 1D is naturally on firm green level technically (RSI = 64.634, MACD = 1.030, ADX = 45.677) but the RSI has been trading on a flat Rectangle since May 18th. It is the same pattern that led to the February 18th High. Our trigger level to sell is the crossing under the...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
Hey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81700 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.81700 support and resistance zone. Trade safe, Joe.
Price is moving briskly and creating bullish divergence on Lower Timeframe. Bulls can create an upside surge towards the trendline and we may say a change in trend. Hopefully we will get a decisive move today. Trade accordingly.
USDCAD is currently in wave 4, which is a WXY correction. Wave W = 535 ZigZag Correction Wave X = 335 Flat Correction Wave Y = 535 ZigZag correction We are currently in wave Y = Zigzag. We can see that wave A had 5 waves, wave B had 3 waves and now we're in wave C. We've see subwaves 1, 2 and 3. We are waiting for subwave 4 to appear and one final move lower to...
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...
Hey Traders, in tomorrow's trading session we are monitoring AUDCAD for a buying opportunity around 0.88500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently AUDCAD is in a correction phase in which it is approaching the retrace area at 0.88500 support and resistance zone. Trade safe, Joe.
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...
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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!
AUDCAD is on a strong bullish reversal as the price made a new LL at the bottom of the Channel Down. The 1D time frame is still technically bearish (RSI = 41.867, MACD = -0.004, ADX = 60.849) and it won't start providing sell signals before it turns neutral at least. We will buy on the current market price and target the 1D MA50 (TP1 = 0.897500). On the 1D MA50 we...
Earlier this week, we discussed a horizontal range on EURCAD on a daily. It turned out, that the price managed to break and close below its lower boundary. It will most likely push the price lower. Next goal for sellers - 1.44 ❤️Please, support my work with like, thank you!❤️
CADCHF managed to break the downtrend line. Also, Regular Divergence(RD+) can be seen between two successive valleys. I expect CADCHF to grow to at least the 🔴resistance zone( 0.6808 CHF-0.67720 CHF)🔴 after the pullback to the downtrend line. 🔅Canadian Dollar/Swiss Franc Analyze (CADCHF), 8-hour time frame ⏰. Do not forget to put Stop loss for your positions...