Hello Traders !
On Friday 20 October, The NZDCAD Price Reached a Support Level (0.79808 - 0.79418)
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.81100🎯
Been watching this pair for a while, I'm noticing the Swissie generally weaken against it's crosses, many look ready for a reversal to me.
CADCHF has been trading in a range, we can see daily failures at the current level which suggests to me we're about to bounce up so I'm looking for a buy on LTF's.
I first posted this idea on the 18th October, it now looks...
CADCHF has held trading over the six month S1 Zone for the eight straight session. Obviously this turned the 4H timeframe (and below) neutral (RSI = 52.551, MACD = 0.000, ADX = 32.796), which makes for a solid bottom formation. On a wider look it appears that the original Channel Down transitioned into a Rectangle of a R1 and S1 Zone. The 1D MACD Bullish Cross...
Hello Traders !
The EURCAD Price Broke a Daily Resistance Level (1.45161 - 1.44648)
Currently,
-This Resistance Level Becomes a New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 1.46220🎯
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USDCAD looks exhausted to me.
After a strong bullish movement, the pair formed a rising wedge pattern.
The support of the wedge was broken with a bearish engulfing candle.
It is an important sign of strength of the sellers.
A retracement is expected to 1.3789 / 1.3768
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The AUDCAD pair is trading inside a Channel Down for the whole year.
Today it hit the 1day MA100 for the first time in 3 months.
After March 24th, all 1day MA100 tests have ended with huge price rejections.
The lowest bearish sequence has been -3.14% and the highest -4.68%.
Sell now and target 0.8515 (-3.14% decline).
Previous chart:
Follow us, like the...
Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may be a hawkish hold as the Governor Tiff Macklem will mention that another hike is still on the table for the bank).
Perhaps piling on the...
I spotted one more confirmed breakout.
EURCAD violated a key daily resistance.
On a retest of a broken structure, the price formed an ascending triangle formation
with a confirmed neckline violation.
I expect a further bullish continuation on the pair at least to 1.458
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The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it.
This is a bullish extension signal towards at least the Falling Resistance.
Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise.
Buy now and target 1.46800 (Falling Resistance).
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On USDCAD price can be seen creating HH and Hl which was caused by an impulse move to the upside. This move left behind inefficiency in the market where i see price pulling back to to regain some fuel before breaking the recent high.
CADCHF is taking off from a solid horizontal daily support.
The price formed a double bottom formation on that on an hourly time frame.
Feels like the market is oversold and it is the moment for correction.
Bullish continuation is expected to 0.6535 / 0.6550
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After a strong bearish movement, CADJPY leaves multiple strong bullish clues.
First, the price formed a falling wedge pattern and violated its upper boundary.
A double bottom pattern was formed then.
Its neckline was also broken.
These 2 patterns confirm the intraday change of character on the pair.
Goals: 109.6 / 109.9
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The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High...
We can see this pair is pure ranging.
Even with the recent increase in the price of crude this pair remains currently bearish, and keeping to the range, I expect this to continue and switch to bullish from support.
This is supported by RSI that is now oversold.
Here is a classic example of a top-down confirmation setup:
after a breakout of a key support on a daily, AUDCAD retested that.
The price was steadily growing within a bearish flag formation.
The text of structure triggered a strong bearish reaction
and the price violated a support of the flag.
It confirms the strength of the sellers and a highly probable...
✅AUD_CAD is trading in a
Downtrend and the pair
Was making a local bullish
Correction but then hit a
Horizontal resistance level
Of 0.8634 from where we
Are already seeing a
Bearish reaction so I will
Be expecting a move down
SHORT🔥
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Hello,Traders!
CAD-JPY broke the key
Horizontal level of 109.360
Then retested is and is now
Going up again so I am
Bullish biased and I think
That we will see a move up
Buy!
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Hello Traders !
On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148)
This Key Level Becomes a New Resistance Level.
The Price Created a New Correction in The Previous Week!
Currently, The Price Formed a Double TOP Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move !
i'm waiting for retest...
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TARGET:...
