We are in an upward trend. The Canadian dollar is weakening following the bar shown in the image.
There are several reasons why we could see a bullish move in the USD/CAD currency pair: 1. **Moderating Canadian Inflation**: Multiple sources, including RBC Economics, NBF, and CIBC, suggest that Canadian inflation is expected to moderate in November. This is primarily driven by factors like a drop in gasoline prices, easing food price growth, and a slowdown in...
Hi traders, it is time to sell USDCAD Have good trades... Bye...
Analysis: Looking at the chart things may look bearish to the untrained eye as we've had a strong recent move to the downside, however price to us still looks bullish and this is the last line of defence so we expect that this is where most of the bulls will be wanting to push price higher from. We still think that price is in an upwards trend as we haven't...
Analysis: Price has been in this downwards trend for a while now and we're expecting this to continue. Price has been forming a series of lower highs and lower lows which confirms our thesis that price is trending to the downside. Recently we saw price break below a key level of support and we're now seeing that same level get retested for resistance and we...
Price has formed significant equal lows near a key psychological level. I expect price to play buyers, lure them in while wiping out seller liquidity only to return to sweep again. If my theory is correct we should see pushes back up into the structure zone, followed by manipulation, then a rollover to the downside. I like the look of this and will keep my eye...
If helps you, please like and share. #price_action NZDCAD
If helps you, please like and share. #price_action FX:CADCHF
CADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up The young Uptrend channel is evolving Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71 To add to this analysis, last...
We have stopped out right below the previous resistance level Short term continuation to the upside may continue. 1.45 will be my first low volume entry with 1-2% risk Let me know what you think about the setup Consider liking my idea!
The bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair. My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone. Entry - 1.284, Sl - 1.289. Tp1 - 1.279,...
FX:USDCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
FX:USDCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
FX:EURCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
On the H4 time frame, prices are testing resistance at 1.2650, in line with the descending trend line and 50% Fibonacci retracement where we could see further downside below this level to our support target at 1.2530. This support target coincides with our Fibonacci confluence levels which include the 50% Fibonacci retracement and 100% Fibonacci extension....
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.679 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
USOIL Long Setup 👉🏻 As mentioned in the message last week, IF price breaks this triangle, it will also be breaking a major descending trendline, hence the bullishness in CAD pairings.
Short term USDCAD may come down to test the demand zone below the 1HR imbalance before higher prices as dictated by weekly dollar bullish outlook