NZDCAD is based below key level at 0.8568 Below SMA 100 on H1 frame Price rejected from 50% Fibonacci of preceding bearish wave at level 0.8573 MACD shows start of bearish momentum It's expected more selling to target demand zone at level 0.8305
USDCAD is trading in rising channel for long time we may see channel breakout on downside target 1 is @ 1.3739 if channel breakout on downside we may see target 2 @ 1.3530. trade with stoplos
EURCAD may see some correction towards target 1 and target 2 once it break from consolidation range. trade with stoploss only
We're at a key level right now where we could see a drop. 250 pips down to the most recent low. 400+ pips if it clears the gap and returns to the price at market open.
Signal no.4 Sell Cad/Jpy @ 75.40 Tp - 74.40 & 73.50 Resistance around 75.78
The EUR/CAD pair traded near multi-year highs after a strong sell-off in Brent crude (yellow line, inverted). However, buying pressure seems to be easing and German/Canadian 2y yields show a strong divergence with the current exchange rate. Brent is trading at $33, well below the profitability threshold of US oil producers but above the cost base of Saudi Arabia...
False breakout occurred at resistance level 1.3797 RSI shows negative divergence MACD shows start of bearish momentum It's expected more selling to target first key level at 1.527 then going down towards the demand zone near HVN at level 1.3356
will be looking for shorts soon, tp at gap close
ENTRY: 0.84250+- TP: 0.85000 TP2: 0.86000 SL: 0.83500 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!
Bullish divergence on the 1hr and 4hr chart, both with MACD and Falling wedge. We need to get above marked level in order to look for that higher .72580 level.
The current price movement is in the strong support zone. My estimation, price is going down to close the gap that was formed last Monday. A long candle bear that covers the body of the previous candle indicates a reaction of rejection from sellers that is strong enough, seen a bearish butterfly pattern, at least the price decline can reach the point of fibo...
massive potential as we look into weekly we see a lot of strength and momentum we are nearing the ichimoku breakout green cloud ahead very close to potentially massive run
buy huge bull potential lots of weekly momentum going strong break of ichi moku cloud price above cloud with green ahead lagging span high lots of uptrend potential from here