USD/CAD is likely to extend its current sideways price action, fluctuating between the 1st resistance and the 1st support. Support: 1.35520 Resistance: 1.36135 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
USD/CAD could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 1.35552 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.35193 Why we like it: There is a pullback support that sits below the 61.8% Fibonacci retracement level Take...
USD/CAD is falling towards a potential breakout level and could drop lower from here. Sell entry is at 1.35791 which is a potential breakout level ( wait for the 1-hour candle to close below 1.35791 for confirmation ). Stop loss is at 1.36240 which is a level that sits above a multi-swing-high resistance. Take profit is at 1.35230 which is a pullback support...
USD/CAD is likely to extend its current sideways price action, fluctuating between the 1st resistance and the 1st support. Support: 1.34472 Resistance: 1.36293 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
At the end of January we highlighted the potential for USD/CAD to retrace back to its 50% level and print a swing low. It worked out well - although the 1.36 target did not arrive as soon as hoped. Still, it reached that key level on Wednesday - and it is a level that remains of interest. Not only did prices fail to close above the 1.36 handle and weekly R2...
USD/CAD could bounce off a pullback support at 1.34618 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 1.34618 Support: 1.34358 Resistance: 1.35090 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
USD/CAD is falling towards a potential breakout level and could potentially drop lower from here. Sell entry is at 1.34684 which is a potential breakout level ( wait for the 1-hour candle to close below 1.34684 for confirmation ). Stop loss is at 1.35083 which is an overlap resistance. Take profit is at 1.34378 which is a multi-swing-low support. High Risk...
USD/CAD could rise towards an overlap resistance at 1.36227 which has been identified as a pivot point. Could price stall around this level before potentially making a bearish reaction to drop lower? Pivot: 1.36227 Support: 1.34472 Resistance: 1.37640 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.34378 which is a pullback support. Stop loss is at 1.34000 which is a level that lies underneath a pullback support. Take profit is at 1.35053 which is a pullback resistance that lies beneath the 50.0% Fibonacci retracement level. High...
CAD/JPY is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 109.764 which is a potential breakout level (wait for the 1-hour candle to close above 109.764 for confirmation). Stop loss is at 109.000 which is a level that lies underneath a pullback support. Take profit is at 110.564 which is a pullback...
USD/CAD is rising towards an overlap resistance at 1.35409 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 1.35409 Support: 1.34615 Resistance: 1.36049 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
USD/CAD could fall towards a pullback support level at 1.3438 which has been identified as a pivot point. Could price bounce off this level once more and potentially climb higher towards the 1st resistance? Pivot: 1.3438 Support: 1.3371 Resistance: 1.3596 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
CAD/CHF is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 0.65371 which is a potential breakout level. Stop loss is at 0.64470 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 0.66733 which is a pullback resistance. High Risk...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.34378 Why we like it: There is a pullback support level Stop Loss: 134127 Why we like it: There is a pullback support level Take Profit: 1.35089 Why we like it: There is a pullback resistance that aligns with the 50.0%...
USD/CAD is falling towards a pullback support level at 1.3436 which has been identified as a pivot point. Could price bounce off this level once again and potentially climb higher towards the 1st resistance? Pivot: 1.3436 Support: 1.3372 Resistance: 1.3606 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
USD/CAD fell strongly overnight to drop as low as 1.34980. There is a pullback support level at 1.34915 which has been identified as a pivot point. Could price reverse off this level to potentially bounce higher towards the 1st resistance? Pivot: 1.34915 Support: 1.34479 Resistance: 1.35309 Risk Warning: Trading Forex and CFDs carries a high level of risk to...
USD/CAD is rising towards a potential breakout level and could climb higher from here. Buy entry is at 1.35862 which is a potential breakout level. Stop loss is at 1.35310 which is a level that lies underneath a pullback support. Take profit is at 1.36594 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. High Risk...
CAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is...