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🎯
Hello Traders ! Yesterday, The EURCAD Price Reached a 0.5 Fibonacci Retracement Level. Currently, The Price Formed a Falling Wedge Pattern. So Let's Expect The Bullish Scenario: If The Market Breaks The Resistance Line and Closes Above That, We Will See a huge Bullish Move... TARGET: 1.49050🎯
Hello,Traders! CAD-CHF made nice bullish Move up but a strong Horizontal resistance is ahead At 0.6494 from where I think We will see a bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a...
USDCAD closed, testing a solid horizontal daily supply zone. Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that. To short the pair with a confirmation next week, pay close attention to the neckline of the pattern. If the price breaks and closes below 1.3548, we can anticipate a bearish movement to 1.35 Alternatively, a...
Seeing a major uptrend of USD/CAD in the next few years
✅ CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD )🟢, SMA(200) , Yearly Pivot Point(1.202 NZD) , and the Support line . 💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum. 🔔I expect CADNZD to continue its...
I think the rising wedge is a continuation of the double top bearish pattern. Looks like a retest of the broken support. I'm going to start shorting now, if I see a fake break out of the resistance I'll add. My SL triggers only if a daily candles closes above the resistance.
GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On Tuesday 21 Nov, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, I Will Sell on Retest... TARGET: 0.87950🎯
🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have...
USDCAD violated a significant horizontal demand cluster and closed below that on a daily. The broken structure turned into a resistance. We may anticipate a bearish continuation to lower structures. Next support - 1.3447 ❤️Please, support my work with like, thank you!❤️
As We Talked in The Previous Analysis: On The Weekly Time Frame, The USDCAD Price Reached A Resistance Level (1.38811 - 1.39780) Currently, The Price Broke The Support Level & The Support Line. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 1.34950🎯
The USDCAD pair hit today the 1D MA200 (orange trend-line) for the first time since September 29. This comes after the November 01 top rejection marginally above Resistance 1 (1.38645) got accelerated by breaking below the 1D MA50 (blue trend-line). With the 1D RSI close to the 30.00 oversold barrier, we see an uncanny resemblance with the March 10 - April 03...
Hi Traders ! On The Daily Time Frame, The NZDCAD Price Broke a Strong Resistance Level (0.82018 - 0.82600). This Resistance Level Becomes a New Support Level. Moreover, -The Price Formed a Falling Wedge Pattern. -The Resistance Line is Broken. So, I Expect a Bullish Move. I'm Waiting For Retest... ----------- TARGET: 0.83950🎯
🔄 CADCHF re-entered the 🟢 Support zone(0.648CHF-0.645CHF) 🟢 after experiencing a 🐻 Bear Trap 🐻. 💡Also, CADCHF seems to have succeeded in forming a Falling Wedge Pattern , so the upper line of this pattern was broken hours ago. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect CADCHF to GO UP in the coming days and...
∙ Average true range is a volatility indicator ∙ Low readings or declining ATR line shows that volatility is shrinking and the price is in a consolidation and implies a breakout or higher volatility ahead ∙ The Canadian Dollar is trading lower benefiting from a weak US Dollar but still within the 1.33-1.38 range that is holding for more than a year (since...
Hello Traders ! On The Weekly Time Frame, The USDCAD Price Reached A Resistance Level (1.38811 - 1.39780) Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Line ! We Will See a Bullish Move📈 TARGET: 1.37960🎯 Bearish Scenario📉 If The Market Breaks The Support Line and Closes Below That I Will Sell On...