The USDCAD pair crossed under the 1D MA200 last week and is approaching S1 on a very bearish 1D technical outlook (RSI = 38.120, MACD = -0.005, ADX = 45.239). The two day bounce on the HL trendline and the fact that the 1D RSI hit the bottom of its Channel, constitute a short term buy opportunity targeting the 1D MA50 (TP = 1.35450). If a candle closes above the...
Hi Traders, Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend. However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry. That is what i will do, provided that we get a solid breakdown and retest of...
Hey Traders, USDCAD was trading in a downtrend and successfully managed to break it out after some hawkish comments about the monetary policy that have triggered USD strength. in today's trading session we are going to be watching a potential retrace of the trend from 1.335 support and resistance zone towards previous highs. Trade safe, Joe.
hello traders we expect lower prices on usdcad it looks clear we are making a lower low if we can get that pull back it will be our opportunity not guaranteed but we will see good luck and good trading
Hey Traders, Check this out on CADCHF, the pair just broke the bearish trendline after making a sizeable inverse head and shoulder. I am anticipating for a retest then look of a good buy entry. Check it out and Good luck.
USDCAD Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has...
The AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence. Unless a new higher high is formed, the market appears poised for a sizeable downward move. Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
cad jpy price should go down from her to finish the correction i believe that should make anew down ster from here
Hey Traders, in tomorrow's trading session we are monitoring NZDCAD for a buying opportunity around 0.825 zone, NZDCAD was trading in a downtrend and then successfully managed to break it out and seems to be now in a correction phase in which it is approaching the retrace area. Once bulls are confirmed i would consider 0.85 as a target as it's considered the next...
Hi viewers, CADJPY in last periods strong bullish trend, price is bounce on zone, here expecting bullish push continuation TP1:101.100 (100) TP2:101.600 (150) TP2:102.100 (200)
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.895 zone, AUDCAD is trading in an uptrend and now seems to be in a correction phase in which it is testing the trend at 0.89500 support and resistance zone. I would also keep an eye on indices as the stock market does correlate positively with the AUDCAD pair. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring CADCHF for a selling opportunity around 0.67000 zone. CADCHF was trading in an uptrend and successfully managed to break it out and now seems to be in a correction phase so i will be watching a potential retrace of the trend at 0.67000 support and resistance levels. Trade safe, Joe.
✨ LONG-TERM SWING ✨ SLO @ 0.9733 SSO @ 0.9360 TP1 @ 0.8650 (shave 25%) TP2 @ 0.8050 (shave 25%) TP3 @ 0.7600 (shave 25%) TP4 @ 0.6915 (close trade) BSO @ 0.6740 BLO @ 0.6340
Hey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 100.2 zone, CADJPY is in a correction phase in which it is approaching an important supply area of 102. I would also consider the trade for a potential JPY strength since the market is expecting some major changes in BoJ monetary policy. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34 zone, USDCAD was trading in an uptrend and successfully managed to break it out after a bunch of soft USD data including NFP, CPI and PPI which signal a pause of rate hikes from the federal reserve. A dovish fomc should be bearish on Dollar and bullish for stocks...
USDCAD has been exhibiting a bearish trend, with a recent downward price movement that tested the key resistance level of 1.34000. However, the price retraced to the 50% Fibonacci retracement level of the previous impulse, which could potentially act as a barrier to further upward movement. This retracement also coincides with the price moving back over a daily...
It's important to look at Gold against various currencies - this can translate as a country's financial trust/stress barometer. The Gold in CAD chart has recently formed a nice classic bull-flag on the weekly candles. Continuation of this bullish pattern would bring Gold to a new ATH for Canadians.