USD/CAD is rising towards a pullback resistance and could potentially break above this level to rise towards our take profit target. Entry: 1.33707 Why we like it: There is a potential breakout level Stop Loss: 1.32872 Why we like it: There is a pullback support level that aligns close to the 50.0% Fibonacci retracement level. Take Profit: 1.34797 Why we like...
USD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.33665 which is an overlap resistance. Stop loss is at 1.34250 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 1.32562 which is a pullback support. High Risk...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.90399 which is a pullback resistance. Stop loss is at 0.90750 which is a level that sits above the swing-high resistance. Take profit is at 0.89754 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. ...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 106.436 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 105.726 Why we like it: There is a pullback support that sits under 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 0.90361 which is a pullback resistance. Stop loss is at 0.90700 which is a level that sits above the swing-high resistance. Take profit is at 0.89862 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. ...
Greetings fellow traders, The upcoming trajectory is set to follow the purple path based on the mid-term analysis. For intraday considerations, two potential setups emerge: A prospect at the bottom of the channel, though I advise caution. I am willing to take a quarter of the usual risk for this setup. Alternatively, the purple zone nested within the yellow...
Hello traders, This is the Daily chart! Regarding the daily chart, the bullish move that began in late September appears to be a correction rather than a sustained trend. Introduction: This analysis delves into the AUD/CAD outlook, focusing on supply and demand dynamics across various timeframes. Keep an eye on potential market reactions to the China...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.34233 which is a pullback support. Stop loss is at 1.33640 which is a level that sits under a pullback support and the 161.8% Fibonacci extension level. Take profit is at 1.34869 which is a pullback resistance level. High Risk...
GBP/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.70790 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement. Stop loss is at 1.71575 which is a level that aligns with the 61.8% Fibonacci retracement level and sits 30 pips above a pullback...
USD/CAD is rising towards a potential breakout level and could move off this level to climb higher. Buy entry is at 1.36125 which is a potential breakout level. Stop loss is at 1.3570 which is a level that sits under an intermediate pullback support. Take profit is at 1.36661 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement...
This daily chart USD/CAD formation resembles a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the...
USDCAD is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 1.36665 Why we like it: There is a pullback support level Stop Loss: 1.36292 Why we like it: There is another swing-low support level further below Take Profit: 1.37700 Why we like it: There is an overlap resistance that...
USD/CAD is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.36661 which is a swing-low support. Stop loss is at 1.36150 which is a level that sits under another swing-low support. Take profit is at 1.37600 which is a pullback resistance that aligns under the 61.8% Fibonacci retracement level. ...
USDCAD is falling towards a swing-low support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 1.36665 Why we like it: There is a swing-low support level Stop Loss: 1.36292 Why we like it: There is another swing-low support level further below Take Profit: 1.37700 Why we like it: There is an overlap resistance...
Looks like another rejection, could be a HL, but expecting a continuation of the retracements from here now that minor support is broken.
GBP/CAD is trading very close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.68678 which is an overlap support. Stop loss is at 1.67180 which is a level that sits under a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 1.70881 which is an overlap resistance. High...
USDCAD is rising towards an overlap resistance and could potentially break through this level to rise towards our take-profit target. Entry: 1.38131 Why we like it: There is a potential breakout level Stop Loss: 1.37369 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Take Profit: 1.38958 Why we like it: There...
USD/CAD could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 1.37368 which is an overlap support. Stop loss is at 1.36730 which is a level that sits under the 61.8% Fibonacci retracement level and an overlap support. Take profit is at 1.38409 which is a level that aligns with the 78.6% Fibonacci...