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...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88455 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 0.88700 which is a level that sits a pullback resistance. Take profit is at 0.87972 which is an overlap support that aligns...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at...
USD/CAD is rising towards a breakout level and could potentially break through this level to climb higher. Buy entry is at 1.35223 which is a potential breakout level. Stop loss is at 1.34850 which is a level that sits under a pullback support. Take profit is at 1.35690 which is a pullback resistance that aligns close to the 127.2% Fibonacci extension level. ...
Traders, Let's delve into the key zones for AUD/CAD: We're witnessing a formidable bullish channel, but beware, it could break, triggering stop losses, only to rise again. Our 1-hour zone is currently active. Consider partially closing positions when it aligns with the 15-minute and 4-hour zones. Additionally, we'll increase our volume around the lower 1-hour...