CAD
USDCAD Bullish short term tradeupside predicted in for the USD. Strong currency right now, look for clear entry and enjoy.
Looking for Long positions on ucad.Ucad has a bat forming
it had broken all major trendlines. looking long
USDCAD BuyBelieve price action will bounce back to the upside and the bulls take control to take price back up to the 1.35 area.
USD CAD - ShortLong term downward trend. I have now waited for the 3rd retracement toward the trend line am entering into a short trade with a target of 1.29984
SHORT USDCADJust entered short on usdcad after we broke the bottom of a head and shoulders pattern and are now retesting. market then rejected and put in a doji which shows indecision on whether it wants to go any higher, which along with the MA's crossing to the downside i would view the move has run out of steam to push any higher
target 1- 1.29012
target 2- 1.27334
selling cad/jpy (2)Watching higher time frames I'm thinking the CAD/JPY is going to have a pretty big sell off.
It seems like it's obeying the trend and the resistance levels. We would want to see the hourly candle close below these levels.
(This is a remake, same price and everything) Just don't think I posted it right as I could not see the currency move at all.
Hopefully this sucker follows the long term trend and continues downwards, but we will soon see.
Thoughts? Be sure to leave a comment or message. Safe trading, ya'll!
USDCAD LongBelieve that the USDCAD will test support area of 1.3040 and bounce to the upside to start an uptrend. Believe price will eventually reach back to the 1.35 level here in the next few weeks or so.
USD/CAD shorts down to 1.3000This pair did not present any intra-day longs so its back to the long term short bias. A lower time frame head and shoulders formed giving short opportunities. Prices are now back below key support and approaching an area of interest. If you are not in on this, shorts can be entered on a retest of 1.3280, a break/retest of the area of interest or a break/retest of the trendline (see previous posts for a clearer view). Dollar index is back below 100.00 and isnt much support before 97.00 so this trade should play out smoothly.
INTRADAY SHORT USDCADBig rejection at the 61% daily of the last Bearish impulse.
50 moving average on daily rejected with a dogi.
Head and Shoulder formation on H1 (being broken now).
Great confluence for a target at the 200 moving average, which is at the same time the 50% retrace of the bullish impulse.
USDCAD Short Daily SupplyStab at a sell.
Set up based off a 240/Daily Nested or upper portion of daily Supply Zone.
Important to watch price action unfold to see if idea holds...
USD/CAD bullish weekly close, potential triple topThis chart is really interesting. USD/CAD faked out of this weekly trendline, with CAD weakening as BOC stated they are leaving the door open to near term rate cuts. This could see continued CAD weakness in the coming week and lead to prices testing the key 1.3580 level to the upside. Our overall bias is still short so we see a triple top forming at the .50 retracement, but this could present opportunities for intra-day buys.
Canadian DollarCanadian dollar is building out another bullish flag and the USD continues forming a head and shoulders pattern. See more upside to the CAD. Possible top at .76790 from last week. 78.6% is just a hop, skip and jump from there to complete the Cypher pattern at .77080. If flag does not hold then further downside to .75625 area.
Breakout of daily trend- USDCADPrice has broken bullish trend line. Maybe we will have a correction till trend line, and then, is high probably that price will fall down till first support. If breaks, we should project bearish movement till second support
USDCAD LONG TERM. LONG OPP.PPP This is my predictions for the future move at this pair. I will wait and see what happen at level 1.29100
bullsih pitchfork still relevantusdcad the bullish pitchfork since the low of 3 mach 2016 still relevant and the major support around 1.31800 still intact
Below 1,30, it is a short. First target at 1.28100On a daily chart, the pair has missed to form higher/ highs and higher/lows. That suggest the ending of the uptrend. Furthermore, the ascending channel has been broken. We do suggest a short below 1.30 with first target at 1.28100 and second at 1.25.
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Canadian DollarThe USD continues to build its head and shoulders pattern. Canadian dollar is coming close to the 78.6% of the Bearish Cypher pattern. A little up and down may be in the offing.
Rebound-USDCADPrice has stopped with a very clear bullish pattern. The "hammer" has formed at the trend line. In addition, there are divergences at RSI.
