Hey Traders, USDCAD have attended an important weekly zone and now seems to be rejecting it. in tomorrow's trading session i will be watching a selling opportunity around 1.385 supply and demand zone at the trend, if CPI data on Tuesday comes above expectations i would expect a trend breakout as that signals more hawkish monetary policy and more of Dollar strength...
EURCAD was consolidating within a wide horizontal trading range on a daily for 3 months. Its resistance was finally broken. The price closed above that on Friday, forming a high momentum bullish candle. I believe that the pair will go much higher now. The next strong resistance - 1.489 Probabilities are high that it will be reached soon. ❤️Please, support...
Hey Traders, JPY seems to be recovering. CADJPY was trading in an uptrend and successfully managed to break it out. now in a correction phase and we are watching a potential retrace of the trend line around 99 supply and demand zone. if it retraces properly i would expect 97.2 as it's considered the major next resistance and support zone. Trade safe, Joe.
He Traders, The CADJPY broke below the key demand zone, early London session yesterday, then made a retest back to zone (that could have a given a quick sniper entry for traders that checked this and saw it early. However, i decided to wait for a more cleaner entry - meaning i am expecting a better retest (mitigation) of the previous support area then now using...
In this multi-time frame analysis, I go over the bullish outlook and forecast on GBPCAD. I outlined the 2 possible scenarios of the price to wait for in order to confirm the next bullish up move. Remember to clearly understand what forecasting is for to give you a better entry rather than blindly enter without any price action confirmations. Higher time frame:
Hey Traders, CADCHF did breakout an important support level in the daily timeframe, and in other timeframes we will notice that it has formed a bear Flag. so in today's trading session i will be monitoring a potential retrace at 0.677 zone. Trade safe, Joe.
I'm waiting for the red line support break. After that, expect the price to continue to drop. GG
CAD - LT/MT Idea! We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD: This chart is based purely on Technical aspect....
In the daily time frame, we reached a strong resistance level, and in the lower time frames, we see weakness in the current movement. This weakness can be seen in the negative divergence and we expect to see the price return to the specified area in these areas. By checking the skewness coefficient, we realize that this weakness started from very low areas and...
Looking at the H4 chart, we are waiting to sell at 100.70 which is an overlap resistance, take profit will be at 97.76 which is an overlap support and stop loss will be at 101.95 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary,...
Price is testing our resistance which we are looking for a sell entry at 1.3851, if price were to reverse from this level, we could see price drop to 1.3698 which is overlap support and stop loss will be at 1.3898 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is"...
CADJPY broke and closed below a support line of a bearish flag pattern. Taking into consideration, that the pair is trading in a bearish trend, that violation may trigger a sell off. I expect a bearish continuation to 97.05 / 96.1 ❤️Please, support my work with like, thank you!❤️
What do you think?...Is this complete?....how would you look for confirmations?
CADJPY on the 4h chart has been trading around the 100 level in a distribution phase. Lately the market broke below the area and close the day of yesterday below the support zone. In this case, the pressure of the seller might increase and if the price retests the previous support now turned resistance we will look for a nice short order according to the...
over all forming descending channel in h4 timeframe recently bounced from lower line now as per descending channel it needs to test uper line falling wedge & bullish flag breakout has already done and indicating bullish move too now expecting major trendline test ( .8590 to 0.8620 area) and if trendline broken too then expecting move towards 0.89 area
I'll keep this open and let it run. Nothing much else going on for the time being.
Looks Promising for Bullish Move forming falling wedge in h4 timeframe expecting upside breakout incase of breakout expecting 220 to 240 pips bullish move
Over All Trend Is Bulish Recently Long Consolidation Of symmetrical Triangle Broken To the Upside Expecting 300 to 320 Pips bulish move How ever Fomc Minutes Are coming In Few hours Be careful With New Positions