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CAD

🍁USD/CAD Refuses To Fall🍁🍁USD/CAD refuses to fall 🍁Looking at the behaviour of the USD/CAD in recent weeks, it seems that we have fallen into accumulation but do not have the strength for declines. 🍁My stance on USD/CAD remains unchanged, I still believe that at the current juncture increases are much more likely than decreases. 🍁Looking at the technical situation, the fact that we are above the 50 and 200 moving average and the MACD and RSI are generating pro-growth signals. I have no doubts about the validity of counting on increases. 🍁The resistance zone is around a cluster of two fibo levels. The first is 0.382 of the entire last downward wave. The second is the 0.236 level of the wave from the 2021 bottom to the 2022 peak. 🍁I set the support zone around the 1.272 level of the last downward wave. 🍁The scenario I am playing out is a continuation of the upside to the vicinity of the support levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
20
InvestMate|USD/CAD Ready For New Local Highs🍁🍁USD/CAD Ready For New Local Highs 🍁As I wrote yesterday I expect the upward movement to continue: 🍁There was a beautiful realisation of my upward scenario today. 🍁We found local resistance at 0.618 of the entire downward wave. 🍁Looking at another attempt to break through this level and the dynamics of the candles the breakthrough looks very likely. 🍁Looking at the fact that we are above both 50 and 200 moving averages and the MACD and RSI are generating further upward signals, I have no doubts about the continuation of the upward movement. 🍁The nearest resistance zone is the level of 0.786 of the entire downward wave from the last peak. There may be some reaction there. 🍁The support zone is around the 0.5 level of the same wave 🍁The main target set in the previous post remains unchanged 🍁The scenario I am playing out is a continuation of the upward trend. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
5
InvestMate|USD/CAD Not Giving Up🍁🍁USD/CAD Not Giving Up 🍁The scenario since my last post remains unchanged: 🍁Looking at the behaviour of the USD/CAD price in recent days. 🍁We could call it indecisiveness mixed with a desire to continue upwards. 🍁Following yesterday's 50 basis point interest rate hike in the US, investors in the market resumed the strengthening of the US dollar. 🍁Given that there is no sign of a continuation of the trajectory of interest rate rises ahead. I was surprised to see such a sharp reaction of dollar strengthening. 🍁But in the case of the pair, the main ingredient for the increases is the weak Canadian dollar in recent months. 🍁Looking at the fact that we are above the 50 and 200 period moving average and the MACD and RSI are presenting very bullish signals I have no doubts about the price direction. 🍁The upside scenario remains unchanged, I expect the uptrend to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
8
USDCAD - Selling ralliesUSDCAD - Intraday - We look to Sell at 1.3600 (stop at 1.3700) Previous support located at 1.3500. Previous resistance located at 1.3600. Broken out of the triangle formation to the downside. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 1.3400 and 1.3350 Resistance: 1.3600 / 1.3650 / 1.3700 Support: 1.3500 / 1.3400 / 1.3350 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
🍁USD/CAD Continued Increases Ahead🍁USD/CAD Continued Increases Ahead. 🍁Post is a direct continuation of the last post: 🍁Nothing has changed on the chart. 🍁The price is still struggling at the 0.618 level to break out above this resistance. 🍁I still think that the way to the resistance zone remains open and we will see further upside within a few weeks. 🍁The scenario I am playing out is a continuation of the upside to the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
9
InvestMate|USD/CAD Still on the rise🍁🍁USD/CAD Still on the rise. 🍁That's as I wrote last time. USD/CAD in my opinion has really strong upside potential in the next few weeks. 🍁 Looking at how today's daily candle looks. It's not hard not to get the impression that green days are ahead. 🍁 All thanks to a bounce from a strong support zone and a retest. 🍁 The support zone was determined by a cluster of two fibo levels. The first is the 0.5 level of the entire downward wave from the 2016 peak to the 2021 bottom. The second is the 0.236 level of the entire upward wave from the 2007 bottom to the 2016 peak. 🍁 There is also a strong resistance zone defined above the recent peaks. It was determined by a cluster of two fibo levels. The first is the 0.786 level of the entire downward wave from the 2016 peak to the 2021 bottom. The second is the outer level of the 1.272 level of the entire downward wave from the 2009 peak to the 2011 bottom. 🍁This is where I expect a strong price reaction. 🍁The scenario I'm playing out is a continuation of the upside and a breakout to new highs. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
10
InvestMate|USD/CAD Opportunity for growth🍁🍁USD/CAD Opportunity for growth 🍁It's hard not to acknowledge the fact that USD/CAD has shown strength in recent days. 🍁 Breaking out of the support zone heading towards a strong resistance zone then making a correction. 🍁I still think we have a lot of space for upside. 🍁Turning to the chart. 🍁Looking at the breakout dynamics in the last few days and the strong selling interest in the Canadian dollar. It just confirms me in my upside scenario. 🍁 Particularly the 29th price move surprised investors by performing a whole 1.77% upside move measured from daily low to high. 🍁I determined the support zone based on a cluster of two fibo measures. The first is the level of 0.236 of the entire upward wave from the 2011 bottom to the 2016 peak. The second level is 0.618 of the entire downward wave from the 2002 peak to the 2007 bottom. 🍁 The resistance zone ahead was also determined by a cluster of two fibo levels. The first is 0.618 of the entire downward wave from the peak in 2016 to the bottom in 2021. The second level is the 0.5 level of the entire upward wave from the 1991 bottom to the 2002 peak. 🍁The scenario I am playing out on this pair is a continuation of the upside to the area around the resistance zone. Where I will watch to see how the price will react in order to predict the next movements. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
USDCAD LONG USDCAD LONG Why are we entering? - Expecting CAD weakness & USD strength - We are forming wave 3 subwave 5, microwave 1 - We are expecting price to reject our 0.618 fibonacci and wave 4invalidation zone What is our confirmation? - Rejection from our buy zone - Break of WFB Entry - Safe Entry: Rejection of our buy zone with a break of our WFB - Risk Entry: Rejection of our buy zone - Risk Entry: Early break of descending WFB Once entered, where will our Stoploss be? - 30 pips below our 0.618 fibonacci: below 1.317 - Move SL to BE after running 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - Previous high: 1.398 (780pips) - Second TP - -0.27 fibonacci level: 1.425 (1050pips) - Final TP - -0.618 fibonacci level: 1.46 (1400pips)
Long
by Pips-Collector
1
USDCAD: Dollar still King?USDCAD Intraday - We look to Buy at 1.3600 (stop at 1.3540) Previous support located at 1.3650. Previous resistance located at 1.3700. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3700 will confirm the bullish momentum. Our profit targets will be 1.3720 and 1.3750 Resistance: 1.3700 / 1.3720 / 1.3750 Support: 1.3650 / 1.3600 / 1.3550 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently being BUY very well due to the current MARKET SENTIMENT. So CAD automatically went up. And as expected, a JPY WEAKNESS came in the last few weeks. This was because the Bank of Japan did not continue to intervene to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last few days due to the increase in OIL prices. - Currently, the price of OIL is rising very fast. Due to this reason, CAD was BUY very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is becoming a bit BUY. - Definitely CADJPY should be slightly DOWN until 106.599 LEVEL. After that, the possibility of moving to 110.068 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
1
USDCAD: Buy dips!USDCAD Intraday - We look to Buy at 1.3475 (stop at 1.3415) Previous support located at 1.3550. Previous resistance located at 1.3600. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 1.3595 and 1.3600 Resistance: 1.3600 / 1.3650 / 1.3700 Support: 1.3550 / 1.3500 / 1.3475 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
USDCAD to continue in the bullish channel?USDCAD - Intraday - We look to Buy at 1.3100 (stop at 1.3040) Previous support located at 1.3150. Previous resistance located at 1.3200. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3200 will confirm the bullish momentum. Our profit targets will be 1.3220 and 1.3250 Resistance: 1.3200 / 1.3220 / 1.3250 Support: 1.3150 / 1.3100 / 1.3050 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Long
by OANDA
CAD scalp update, price action going as expectedAs part of a series of short videos, this is just an update explaining where we are in terms of seeking to scalp the bearish landscape for the day ahead. It also talks about the gold trade that we got triggered into as the US dollar bulls take profits and pack up for the day ahead of Frankfurt later on. we want to see dollar supported, or otherwise, it all goes to sh1t really! at least for the time being. buckle up for the Jackson Hole, 10 am et Friday.
Short
by Ross-J-Burland
Deeper correction pending on USDCAD?USDCAD - Intraday - We look to Sell at 1.3000 (stop at 1.3050) Previous support located at 1.2950. Previous resistance located at 1.3000. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.3000, resulting in improved risk/reward. A move through 1.2950 will confirm the bearish momentum. Our profit targets will be 1.2850 and 1.2800 Resistance: 1.3000 / 1.3050 / 1.3075 Support: 1.2950 / 1.2850 / 1.2800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
EURCAD at supportHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price can touch SUPPORT. Wait for a reversal candle . Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us
Long
by Ryan_lopes
Today’s Notable Sentiment ShiftsUSD – The dollar index dipped in choppy trading on Tuesday as investors awaited inflation data on Wednesday that will be the next major indicator of whether rising price pressures are accelerating and whether the FOMC would need to take action sooner than anticipated. Indeed, TD Securities argued that “Looking for any sort of major moves ahead of the US CPI tomorrow is going to be futile. We will likely see a little bit more movement on the FX side of things after CPI.” CAD – The Canadian dollar recovered from its weakest level in four weeks as oil prices rose and investors awaited fresh impetus for direction. Commenting on USDCAD, BMO Capital Markets noted that they “think markets are looking for the next catalyst. With the move we’ve seen in oil today and the drift down in global interest rates… the next substantive move in USD-CAD is lower.”
by thunderpips