CAD
USDCAD short positionUSDCAD H1 im buying at the 50% fibonacci level then i have a pedant order to short USDCAD
simple analyse of USD CADthere is my own analyse of USD CAD. I'd like to know what do you guys think about this analyse...
Comment below,
Thank you!
Here we are with USDCADSo this what i think about our bad USDCAD movement, however i will keep looking for long term trading and more pips :P
wish you all the best <3
USDCAD looks very bearish Hi All!
I strongly think we are currently in a correction wave (Wave B) as you can see its correction pattern for some time now- I expect a very strong movement to the down side in the coming weeks.
Happy trading!
USDCAD correction imminentThe pair USDCAD is in a corrective structure.
USDCAD has performed a 38.2 retrace from its top and has now broken out of its upper wedgewall.
This will most likely be a fake breakout, because it is the GANN-resistance which is important here. It is meeting a significant resistance @ overbought conditions and its momentum is stretched and turning.
This will likely send USDCAD into an intermediate cycle low.
If dollar breaks all rules it can theoretically want to also have a fake break-out above the neutral line to touch 50 % FIB. This is however less likely given the circumstances.
Trade safe!
TP 1 was Reached Bearish vision by breakout channel UC now just see , what price make with his return te channel , we think that testing for the last time R 134000/ 134200, just seeing next hours 80% possibility to go another time to TP1 and TP2...etc
UP MOMENTUMFrom a fundamental standpoint, the Bank of Canada is going dovish, considering QE,
and the Price of USOIL, has the risk of losing traction, and Canada's economy is somewhat contracting.
Meanwhile, US economy is expanding, and the USD has its best bullish rush.
I would not sell such a strong bull rush .
Technically, we have three (3) giant bull candles, and my volume cannot push that volume downward,
can yours? On the sideward arrow, it is bearish, but the high on that bearish candle makes it possible for price to go that high now.
all in all, we have data coming out Thurs and Friday, and USD , ( DXY ) may continue its win streak.
Not to mention .... not only do we have a break of trend line, but an explosive momentum break with possible
fundamental motivation.
AUD/CAD Head and shoulders pattern Hello traders!
There might be a head and shoulders pattern forming on this pair, as I see a possible short term bounce of the 1.0100 level where price might be also meeting the 20EMA before heading down again to the 0.9970 zone.
Hope you liked this idea, wish you all good luck!
USDCAD - DXY overextended - Oil trending upAfter the recent DXY crazy, unreasonable run.. This week it will likely get hammered.
Oil on the other hand showed some great numbers last week after the rig count.
Thus, fundamentals point towards a bear on UC.
-4h RSI crazy overbought
-Daily RSI bearish
-Horizontal resistance
-Trend resistance
-WEEKLY FIB RESISTANCE
-DAILY FIB RESISTANCE
-CAD should strengthen as oil is on its way to a possible mild recovery
Safe and successful trading!
USDCAD Buy Opportunity The USDCAD has been on a serious up trend today. We believe the pair will continue to rise and test the 1.3304 level.
EURCAD - Bouncing off support! Regardless of Canadian CPI announced today. EC managed to hold out the support level of 1.438, we see it likely that this will be followed with another leg UP.
-Trend line held since 2015!
-Fib level
-All smaller time frames RSI, Stock and MACD oversold
-Daily RSI picking up from oversold territory hinting to another leg up
-Double Bottom (-ish)
Safe and successful trading!
USDCADGood patron XABCD in this moment the price is bounce in the moving average to 800 periods and i think the price bounce to upward and break the patron and the price confirm the long and the price go to high levels again .
UCAD RISE BEFORE FALLFrom my analysis I can see that the UCAD has been in a bearish trend since last week. There was a long wick thrown on the 4 hour time frame from last week. I expect UCAD to rise for about 4 candles before retracing and continuing the bearish trend. I would wait for the next 2 candles on the hour chart and then buy in around the 1.31436 area and close out around the 1.31885 area.
Short setup on CAD/SWISS at supply zoneShort setup at supply zone on daily chart. Price now in supply zone, take a look at smaller timeframe for entry points. Trade with good risk reward ratio and high probiality to return price at demand.
USDCAD Short opportunity As we see there has been a break on Daily channel. I believe price action will go down to next major support key level 1.3134.
Buy USDCAD Targeting 1.36The USDCAD is forming an ascending triangle that is slowing breaking out of the 132.5 area. Currently, oil just hit a major resistance area of $50 meanwhile based on the crude COT report warns of further losses. Also, the retail crowd is heavy short the USDCAD, which points to gains. I just got long again yesterdays pin bar targeting the 1.36 area. This should provide a decent amount of resistance and offers a 5:1 risk/reward trade.
