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...
USD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.35398 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.36000 which is a level that sits above the swing-high resistance. Take profit is at 1.34643 which is a pullback support. ...
USD/CAD is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.35100 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.34931 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88265 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 0.88680 which is a level that sits above the100.0% Fibonacci projection level. Take profit is at 0.87745 which is a pullback...
A double top formed this month around a 50% retracement level on the daily charts ahead of its latest pullback. And it is interesting to note that the market tends to react around the 50% level. The double top could actually be part of a 3-wave retracement, and that retracement could be nearing completion. We saw a strong rally into the January high, hence the...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.34634 Why we like it: There is a pullback support level Stop Loss: 1.34127 Why we like it: There is a pullback support level Take Profit: 1.35420 Why we like it: There is an overlap resistance that aligns with the 61.8%...
USD/CAD could fall towards a potential breakout level and fall lower towards our take-profit target. Entry: 1.34634 Why we like it: There is a potential breakout level Stop Loss: 1.34929 Why we like it: There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level Take Profit: 1.34307 Why we like it: There is a pullback support...
USD/CAD could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1.35418 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.34867 which is a pullback support that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 1.36207 which is a...
USD/CAD could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 1.35419 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 1.34868 Why we like it: There is a pullback support that lies underneath the 50.0% Fibonacci retracement...
USD/CAD could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 1.34338 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Stop Loss: 1.34127 Why we like it: There is a pullback support that lies close to the 78.6% Fibonacci retracement level Take...
NZD/CAD is rising towards a potential breakout level and could potentially break through this level to climb higher. Buy entry is at 0.82394 which is a potential breakout level. Stop loss is at 0.82080 which is a level that sits under a pullback support. Take profit is at 0.82721 which is a pullback resistance that aligns close to the 50.0% Fibonacci...
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level. Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance. 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 0.88129 which is a pullback resistance that aligns close to a confluence of Fibonacci levels i.e. the 23.6% and 78.6% retracement levels. Stop loss is at 0.88550 which is a level that sits above a pullback resistance. Take profit is at...
USD/CAD is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 1.34531 Why we like it: There is a potential breakout level Stop Loss: 1.35052 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Take Profit: 1.33693 Why we like...
USD/CAD has just reversed off a swing-high resistance and could potentially drop lower from here. Sell entry is at 1.35418 which is a swing-high resistance. Stop loss is at 1.35840 which is a level that sits above the 127.2% Fibonacci extension level. Take profit is at 1.34641 which is an overlap support that aligns close to the 38.2% Fibonacci retracement...
USD/CAD is falling towards a pullback support and could potentially break under this level to fall towards our take-profit target. Entry: 1.33546 Why we like it: There is a potential breakout level Stop Loss: 1.34638 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 1.32564 Why we like it: There...
USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.34281 which is an overlap support. Stop loss is at 1.33250 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 1.35306 which is a pullback resistance that aligns with a...