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...
EURCAD remains very weak for more than 2 weeks: the pair is trading in a narrow horizontal range on a daily. Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios. Bullish: If the price breaks and closes above the upper boundary of the range - 1.4653 level, I will expect a bullish movement to 1.4725. Bearish If the...
In our last NZDCAD analysis, we achieved a total of 200pips but we could not get past the channel. Price is still somewhat encompassed within the channel. For clarity we've removed the channel so that we can focus on immediate price action. NZDCAD 4H Trade Idea: - Watch for bullish price action on lower timeframe - Entry on break of red trendline - Stops below...
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.
Cette paire semble continuer sa descente. La tendance est donc baissière.
Hey Traders, Check this analysis on CADJPY out. There are two possibilities that could play out, and the broken resistance will be the judge of that. A rebound from the the retest of the resistance means bullish trend and a break below followed by a simple retest means a harp sell off continuation. Watch out.
USDCAD is consolidating on a key level. The price formed a horizontal trading range on 4H time frame. Taking into consideration that the current trend is bullish, I would look for buying the pair. Your confirmation can be a bullish breakout of the upper boundary of the range. 4H candle close above 1.3613 will confirm the violation, a bullish continuation will...
GBPCAD/ 4H Hello traders, welcome back to another market breakdown. GBPCAD has been trading in a bullish trend on higher time frame. The price now is in a deep pull-back where a lower high can be printed anywayre around this zone if we were to continue the trend. Checkout the chart for what time of confirmation I'll be waiting for. Trade safely, Trader Leo.
Hey Traders! 👋 For Day 19/100 of our challenge, we will look at EURCAD downside potential this week. - Recently rejected 1.0465 resistance - Now heading towards 1.45 strong support - When 1.45 breaks, we can expect 1.444 to be met This is based on seasonality and retail positioning. Check them out for yourselves 👍 Have a great start to the week. Hope you...
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.
Hey Traders, Check this trade analysis out on CADJPY. A possible bullish run can be look for at any area of breakout of the symmetrical triangle. Watch out.
NZDCAD set a new lower low lower close on a daily, violating a key horizontal support. The broken structure turned into a strong resistance. I recommend looking for shorting opportunities from that. Goals will be 0.82 / 0.816 ❤️Please, support my work with like, thank you!❤️
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.
Hey Traders, in tomorrow's trading session we are monitoring NAS100 for a selling opportunity around 14600 zone, NASDAQ is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 14600 support and resistance zone. Trade safe, Joe.