AUDCAD - BULLISH MOVEHello Traders !
The AUDCAD failed to create a new lower low !
The Lower high is broken (change of character).
So, I expect a bullish move🚀
________________
TARGET: 0.88480🎯
CAD
USD/CAD Breakout Pattern (15.04.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.4034
2nd Resistance – 1.4131
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Falling towards Fibonacci confluence?CAD/CHF is falling towards the pivot and could bonce to the 1st resistance which is a pullback resistance.
Pivot: 0.57865
1st Support: 0.56812
1st Resistance: 0.59362
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.
Pullback resistance ahead?GBP/CAD is rising towards the resistance which is a pullback resistance that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.8372
Why we like it:
there is a pullback resistance that lines up with the 127.2% Fibonacci extension.
Stop loss: 1.8465
Why we like it:
There is an overlap resistance that is slightly below the 161.8% Fibonacci extension.
Take profit: 1.8227
Why we like it:
There is a pullback support level.
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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.
After CAN CPIs, it's time to prepare for BoC rate decisionLooking at the CPI numbers that came out, we are noticing some weakness in the CAD right now. This weakness may spill over into tomorrow's trading, as the BoC is expected to keep the rates unchaged.
Let's dig in!
FX_IDC:USDCAD
MARKETSCOM:USDCAD
Let us know what you think in the comments below.
Thank you.
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Bullish bounce off pullback support?GBP/CAD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 61.8% Fibonacci retracement.
Pivot: 1.8091
1st Support: 1.7913
1st Resistance: 1.8417
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.
Could the Loonie bounce from here?The price is currently at the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 1.3876
1st Support: 1.3602
1st Resistance: 1.4147
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.
NZDCAD - Change of character Hello Traders !
The NZDCAD failed to create a new lower low !
The Lower high is broken (change of character).
So, I predict a bullish move🚀
________________
TARGET: 0.81780🎯
USDCAD - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈USDCAD has been overall bullish from a macro perspective trading within the rising blue channel.
This week, USDCAD has been in a correction phase trading within the falling red channel.
Moreover, the green zone is a strong resistance turned support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower red/blue trendlines acting non-horizontal support.
📚 As per my trading style:
As #USDCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Could the price bounce from here?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the pullback resistance.
Pivot: 102.61
1st Support: 101.62
1st Resistance: 103.68
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.
Pre-Market Analysis – CAD/CHF1️⃣ The price has broken below the previous support zone, which had held multiple times in the past. This area is now likely to act as a new resistance.
2️⃣ The bottom boundary of the descending channel has been touched, signaling a potential reaction or short-term bounce from this level.
3️⃣ It’s quite probable that the price retraces back to the midline of the channel before continuing its downward move. This would be a classic pullback within a bearish channel structure.
📉 If price fails to reclaim the broken support and reacts bearishly near the resistance-turned zone or the channel’s midline, it could provide a solid continuation setup to the downside.
LONG GBP/CAD 4H Investment Opportunity
Hello, I am Trader Andrea Russo and today I want to share with you an interesting LONG investment opportunity on GBP/CAD. We are on a 4-hour (4H) chart, and several technical indicators are highlighting an increase in bullish pressure. Oversold signals and the recovery of momentum suggest a potential reversal to the upside, making this configuration particularly promising.
Investment Setup:
Entry Price: 1.812
Signal: BUY with Target Price set at 1.835 (TP: 1.27%).
Stop Loss: set at 1.8033 (SL: 0.48%).
Thanks to our SwipeUP Reversal Radar Multi-Timeframe Alerts indicator, we were able to identify:
The oversold zone, which suggested the opportunity for a rebound.
The Break Point, which confirmed the beginning of a potential reversal to the upside.
The entry point, to maximize the risk/reward ratio.
As a Target point, we have chosen the area highlighted in the photo, which is the first important resistance that in our opinion represents a key level where the price could slow down.
👉 This setup takes advantage of the current bullish pressure and offers a favorable risk/reward ratio. I encourage you to monitor this setup and implement solid risk management in your trading plan.
Happy trading everyone! 📈
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit.
Entry: 1.4047
Why we like it:
There is a pullback support level that is slightly below the 161.8% Fibonacci extension.
Stop loss: 1.3993
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 1.4159
Why we like it:
There is a pullback resistance 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.
Take profit: 1.4159
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
AUDCAD Excellent Channel Down bottom opportunity.The AUDCAD pair has been trading within a long-term Channel Down since the January 26 2023 High and the recent Trade War fueled sell-off took the price almost on its bottom (Lower Lows trend-line).
The 1D RSI got vastly oversold at 14.00 and a bottom is to be expected within the next 2 weeks. Still, this level is low enough to be considered a solid long-term buy opportunity already. The previous bottom rebound targeted initially the 0.5 Fibonacci retracement level, so our target is 0.88850 on the medium-term.
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CAD/NOK SHORT Investment Opportunity 4H
Hello everyone, I am Trader Andrea Russo, and today I want to present you a SHORT investment opportunity on CAD/NOK. With the help of the SwipeUP Reversal Radar Multi-Timeframe Alerts indicator, we have identified a setup that stands out for its bearish potential.
Investment Setup:
Entry Price: 7.67
Target Price (TP): 7,418, corresponding to an estimated profit of 3.28%
Stop Loss (SL): 7,803, corresponding to a risk of 1.74%
Technical Analysis and Motivation:
This setup is based on bearish pressure signals, with technical confirmations that suggest a potential downside reversal. The break of the Dynamic Support on the 4-hour (4H) chart reinforces the idea of a possible bearish movement, offering an interesting trading opportunity.
Final Recommendations:
Always check the chart to verify that the conditions remain favorable.
Apply adequate risk management to optimize the outcome of the trade.
Create a strategic plan before acting to best capitalize on this setup.
Happy trading everyone! 📉
Bullish bounce off overlap support?GBP/CAD has bounced off the pivot and could rise tot he 1st resistance.
Pivot: 1.8119
1st Support: 1.7991
1st Resistance: 1.8368
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.
Bullish bounce?CAD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 101.88
1st Support: 101.45
1st Resistance: 102.91
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.
Bullish bounce?GBP/CAD is reacting off the support level which is an overlap that is slightly above the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 1.8139
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.8000
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Take profit: 1.8385
Why we like it:
There is a pullback resistance level that aligns with the 50% 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.
EURCAD Buy signal on 2023 fractal.It's been too long since we last looked on the EURCAD pair (November 29 2024, see chart below) but it delivered nonetheless our 1.500 Target:
Thit time the price is consolidating after a strong February rally and posts a similar pattern to October 2022 - January 2023. The 1D RSI sequences between those fractals are identical and it is not technically unreasonable to expect again the bullish trend to be resumed and target the 1.382 Fibonacci extension at 1.62500.
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Potential bearish drop?GBP/CAD is reacting off the pivot which is an overlap resistance and could drop to the 1st support.
Pivot: 1.8157
1st Support: 1.7918
1st Resistance: 1.8332
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.
Bearish drop off 61.8% Fibonacci resistance?The Loonie (USD/CAD) has rejected off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.4275
1st Support" 1.4061
1st Resistance: 1.4402
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.
Gbpcad SellScalp set up forming. price broke down and out of our previous zone that was acting as a support. once price closes below 83355 i expect it to go a lower.
Heading into pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 61.8% Fibonacci retracement.
Pivot: 1.4389
1st Support: 1.3951
1st Resistance: 1.4505
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.
