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Sell NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8240 Target Levels: 1st Support – 0.8210 2nd Support – 0.8195 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
4
Bullish bounce off 61.8% Fibonacci support?The Loonie (USD/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 1.3938 1st Support: 1.3898 1st Resistance: 1.4032 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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Could the price reverse from here?CAD/CHF is rising towards the pivot which is a pullback resistance and a reversal from this level could indicate a double top pattern which might lead to a potential price drop to the 1st support. Pivot: 0.63555 1st Support: 0.63121 1st Resistance: 0.63754 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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish reversal off pullback support?USD/CAD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3952 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.3900 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.4003 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bearish drop?AUD/CAD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 0.91125 Why we like it: There is an overlap resistance level, Stop loss: 0.91526 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 0.90536 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
Potential bearish drop?The Loonie (USD/CAD) has reacted off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 1.4041 1st Support: 1.3959 1st Resistance: 1.4105 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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal off overlap resistance?NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.82844 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 0.83182 Why we like it: There is a pullback resistance level that aligns with the 138.2% Fibonacci extension. Take profit: 0.82443 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USDCAD BULLISH PROFITABLE IDEA#USDCAD is at a bullish sentiment, what we can do from the previous price action is observed the previous Break of structure in the bullish direction. It is important to note hoe the break of structure took place , and as we see there was formation o structure which resulted in an impulsive market action resulting to the break, this area has been untapped till now of any pending liquidity in support of the bullish trend What to do ? Wait or the price action to mitigate this area and look for a suitable entry position based on your entry techniques, esp before the news. #all the best.
Long
by DIGITALASSETSINC
Heading into pullback resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support. Pivot: 1.48819 1st Support: 1.47444 1st Resistance: 1.49827 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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USDCAD - CAD look at the oil market!The USDCAD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. Due to the location of this currency pair at the ceiling of the channel, you can save a part of your purchase position. The correction of this currency pair towards the demand zones will provide us with the next buying positions. Monetary Policy in Canada • Interest Rate Cuts: Goldman Sachs forecasts that the Bank of Canada will cut interest rates by 50 basis points in December (previous forecast: 25 basis points). It is expected that this downward trend will continue, reaching a terminal rate of 2.25% by June 2025 (previous forecast: 2.50%). Oil Developments in the U.S. • Crude Oil Production: U.S. crude oil production has reached 13.23 million barrels per day this year, slightly higher than the previous figure of 13.22 million. For 2024, production is forecasted at 13.53 million barrels per day (a minor decrease from the previous forecast of 13.54 million barrels). • Crude Oil Prices: The average price of Brent oil in 2024 is projected at $80.95 per barrel (slightly higher than the previous forecast of $80.89). For 2025, the average is expected to decline to $76.06 per barrel (previous forecast: $77.59). The average price of West Texas Intermediate (WTI) oil is estimated at $77 per barrel in 2024 and $71.6 in 2025, slightly below earlier projections. Oil Demand: • U.S. oil demand for 2024 and 2025 is estimated at 20.3 million and 20.5 million barrels per day, unchanged from previous forecasts. OPEC and Production Adjustments: • Lower Global Demand Growth Forecasts: OPEC has reduced its forecasts for global oil demand growth in 2024 and 2025 to 1.82 and 1.54 million barrels per day, respectively (previous forecasts: 1.93 and 1.64 million). • Increased OPEC Production: OPEC’s average crude production in October rose to 26. 53 million barrels per day, a 466,000-barrel increase from September, primarily due to higher output from Libya. Geopolitical Issues and Iran’s Oil Policies • Iran’s Response to Sanctions: Iran’s oil minister announced that plans have been developed to maintain stable oil exports to counter potential policies from Donald Trump’s administration. • Negotiations Between Iran and the U.S.: Iranian sources reported that Tehran postponed an attack on Israel after Trump’s election to facilitate potential negotiations. Messages conveyed through Baghdad included recommendations to avoid escalating tensions and create an opportunity for talks. Developments in Lebanon and Israel • Ceasefire negotiations in Lebanon are nearing conclusion. Israeli sources have confirmed alignment between the U.S. and Israel on the ceasefire agreement. However, Lebanon’s situation remains complex, with ongoing discussions between Hezbollah, the parliament speaker, the prime minister, and U.S. officials.
Long
by Ali_PSND
Could the price reverse from here?CAD/JPY is rising towards the pivot and could reverse 1st support. Pivot: 111.75 1st Support: 110.60 1st Resistance: 112.21 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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Heading into overlap resistance level?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.7859 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.7926 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Take profit: 1.7740 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.82961 Why we like it: There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement. Stop loss: 0.83326 Why we like it: There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.82394 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9093 2nd Support – 0.9058 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
12
Waiting for US data later on this week.Waiting for a clearance of one of the key areas discussed in the video. Take a look and let me know what you think. EASYMARKETS:USDCAD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Red Pill of Trading: A Glimpse into Hidden Market SetupsIn the depths of the market matrix, few can see beyond surface price action. The Commitment of Traders data is a revelation, a signal that speaks to those ready to see the true forces at work. This strategy has uncovered potent setups across currencies, energies, grains, and metals—all primed for major moves. But I cannot offer this knowledge freely. Information that comes cheap is rarely valued. True insight, like the red pill, demands a commitment. A choice to see beyond the veil. Today, I offer you just a glimpse—one of many market truths revealed by this strategy. The Canadian Dollar. The CAD is positioned for longs. But let me be clear: we don’t blindly long this market. Instead, we wait, watching for a confirmed entry trigger on the daily timeframe. Yet everything points towards a powerful move. Commercials are positioned extremely long relative to the last 26 weeks, and approaching levels we last saw in August—right before CAD surged. Open interest has been increasing, and when OI increases, we ask ourselves: "Who is causing this open interest increase?". In this case, it is increasing while the Commercials are getting very long, which is bullish. Last week, investment advisor sentiment hit a bearish extreme, a contrarian signal that lingers now into this week. CAD is undervalued against both gold and treasuries—another indication of buy potential. Two weeks ago, we saw ADX drop below 20, while commercials heavily increased their longs, creating a bullish divergence that grows with each new indicator. Supplementary indicators stand by this setup: Insider Accumulation, Stochastics, %R, even a bullish momentum divergence is setting up, though it’s not yet confirmed. And this is just the beginning. If you want to uncover the full array of setups across markets this week and next, to see the real truth behind the moves, then take the red pill. Reach out. This is an opportunity, a privilege to step beyond mere price action and learn the market’s deepest secrets. Inquire with me, and together, we’ll peel back the layers of the matrix. The choice is yours.
CME:6CZ2024Long
by Tradius_Trades
2
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot; 1.3892 1st Support: 1.3851 1st Resistance: 1.3921 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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets