Commodity Currencies Still Vulnerable Danske expects that both the Bank of Canada and Federal Reserve will hold rates steady over the second half of 2023. It does, however, consider that market pricing is more out of line for the Federal Reserve than the Bank of Canada which will lead to a weaker bias for the Canadian currency against the US...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34 zone, USDCAD is trading in an uptrend and currently in a correction phase in which it is approaching the major trend at 1.34 support and resistance zone. Trade safe, Joe.
- Triple bottom - Break from downtrend - Retest of support matched with downtrend line PLAN - Look for entries on higher highs and higher lows - Role reversals
CADJPY is trading in a bullish trend on a daily. The price has formed an ascending triangle formation respecting 101.8 resistance. I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area. Daily candle close above will confirm a violation. A bullish continuation will be expected to 103.0 level then. ...
Hey Traders, Check this trade setup on GBPCAD out. Following the simple price pattern, a break below the lower band of the ascending channel. Keep close watch
CADJPY CHART ANALYSIS POSTED ON SUNDAY 14 MAY 2023. Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
Hey Traders, in this week we are monitoring CADCHF for a selling opportunity around 0.677 zone, CADCHF is trading in a downtrend and currently in a correction phase in which it is approaching the major trend at 0.677 support and resistance zone. Trade safe, Joe.
Fundamental Backdrop The Trimmed CPI y/y dropped from 4.4% to 4.2%, which shows that inflation is dropping. This could lead the central bank to lower interest rates Technical Confluences Resistance at 1.35200 Support at 1.34100 Idea With the CAD expecting to weaken, I'm looking for price to possibly head back up to retest the resistance at...
-SL @ 1.36681 🚫 SLO2 @ 1.3620 ⏳ SLO1 @ 1.3525 ⏳ (half position) TP1 @ 1.3350 TP2 @ 1.3215 TP3 @ 1.2980 TP4 @ 1.2833 BLO @ 1.2795 ⏳ -SL @ 1.27278 🚫 00:00 PRE CAD NEWS 00:58 Boost, Follow, Comment, Join 01:40 Technical Analysis 02:54 Fundamental Analysis 05:42 Curve Analysis 07:42 News Anticipatory Trend 08:08 Risk-to-Reward 09:44 LIVE STREAM @ 05:15 PT / 08:15 ET 🔥
-SL @ 1.36681 SLO2 @ 1.3620 (conservative) SLO1 @ 1.3525 (aggressive) TP1 @ 1.3350 TP2 @ 1.3215 TP3 @ 1.2980 TP4 @ 1.2833 BLO @ 1.2795 -SL @ 1.27278 TECHNICAL ANALYSIS: Although, the pair is currently trading above the 200-day moving average, which is a bullish signal, Price Action for USDCAD is sideways. This range is a strong indication that it is...
NZDCAD formed a cute double top pattern on a key horizontal resistance. Its neckline violation confirms the strength of the sellers. I expect a bearish move to 0.8389 ❤️Please, support my work with like, thank you!❤️
Update for my yesterday's post for AUDCAD. The pair retested the broken neckline of a triangle on a daily. And you know what. Retesting that, it formed the same tiny little triangle on 1H time frame and broke its neckline as well. It gives a strong intraday confirmation. The pair will most likely keep falling to 0.8977 ❤️Please, support my work with like,...
AUDCAD is trading in a wide horizontal trading range on a daily. Approaching its upper boundary, the price formed a descending triangle formation. Its neckline was broken last week. I explain a bearish movement to 0.896 level. ❤️Please, support my work with like, thank you!❤️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD is overall bullish trading inside the rising channel in red. Moreover, the zone 1.68 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34900 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 1.34900 support and resistance zone. Trade safe, Joe.
Hello Traders After a 5-wave bearish impulse, It is possible that USD/CAD is forming the correction wave C. But if the price breaks below the redline our view will be invalidated. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and...
On CADJPY, we have a bullish setup since Thursday. Currently, the price is around 100.70 and rapidly ascending. The expectation is for a bounce around 100.95, where we have a supply zone with a bearish setup identified by the Forex48 strategy. In addition to this potential entry, we have another one around 101.60. Both entries look promising; we will see which one...
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