Guys, EURCAD will most likely bounce from a solid demand cluster. I will expect a growth a least to 1.465 target level. Stop loss should lie strictly below the underlined yellow support. Please, support this post with like and comment.
USDCAD formed a double top pattern after a test of a solid horizontal resistance on an hourly time frame. I expect a retracement at least to 1.3295 level now. ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On Monday 11 Dec, The CADJPY Reached Strong Resistance Level (107.694 - 108.284) . The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 106.050🎯
Trade Idea for CADJPY Bias: Very Bullish Overall Score: 9 Commitment of Traders (COT) Bias: 3 Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside. Retail Sentiment: 1 Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing...
Soon as it reaches the W area again i expect a drop to grab more liquidity so once again it can go up to 1.74
The CADJPY pair has been trading within a Fibonacci Channel Up since the March 2020 market bottom. The recent rejection on the 1.5 Fibonacci level back to the 0.5 show it test and hold an important Support, the 1W MA50 (blue trend-line), which has only broken once in 3 years (since November 2020) and that was during last year's inflation crisis. As long as it...
The AUDCAD pair is trading within a Channel Up pattern that has currently been rejected twice on Resistance 1 (0.905500). With the 1D MA50 (blue trend-line) crossing today (or tomorrow the latest) above the 1D MA200 (orange trend-line) to complete a 1D Golden Cross, and the 1D MACD forming now a Bullish Cross, we have a strong case for a break-out above Resistance...
Hello,Traders! GBP-CAD broke the key Horizontal level of 1.6968 Which is now a resistance So we are locally bearish Biased and we will be Expecting a local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USDCAD has hit the 0.236 Fibonacci level of the 15 month Rectangle pattern after a continuous decline since the November 1st High. This level has been a technical buy entry on 5 occassions. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.36350 (0.618 Fibonacci level). Tips: 1. The RSI (1d) has printed a Falling Support, which has been a bottom...
The EURCAD pair broke below the 1D MA200 (orange trend-line) again after getting rejected on the 1D MA50 (blue trend-line), which establishes it as a Resistance. The long-term pattern is a Channel Down (blue) since the February 10 Low and the current (dotted) Channel Down is the Bearish Leg towards a new Lower Low. We are taking this bearish break-out signal for...
We see a massive bearish breakout on USDCAD on a daily. The price broke and closed below 1.3365 - 1.3400 huge demand area. The broken structure turned into a resistance. We may anticipate a bearish continuation to 1.327 / 1.316 ❤️Please, support my work with like, thank you!❤️
Price is failing the test of the broken support. It may try another test, that would an opportunity to add to my short position. SL triggers if daily candle break through the resistance and confirms the break. Otherwise I hold.
✅USD_CAD has retested a key resistance level of 1.364 And as the pair is already making a bearish pullback A move down to retest the demand level below at 1.354 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USD/CAD Nears Three-Month Low as US Dollar Bears Take Control The USD/CAD pair is facing sustained selling pressure for the third consecutive day, reaching a near three-month low during the early European session. Trading around the 1.3385 area, down 0.15% for the day, the pair appears vulnerable to further downside as the US Dollar (USD) succumbs to bearish...
Pair is accumulating over and important support (blue line) and forming an inverse HS. I just opened a long position, If it pulls back I'll add. I wants to break out, is just a matter of time.
Let’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm...
EURCAD formed a tiny double top pattern on a solid horizontal resistance. Breakout of its neckline is a strong bearish confirmation. We can anticipate a bearish movement to 1.4645 now. ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On The Daily Time Frame, The NZDCAD Reached a Resistance Level. The Price Created a Rectangle Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, I Will Sell on Retest... ----------- TARGET: 0.82450🎯