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CAD

Correlation Trade Setting Up Between EURCAD & USDCADCurrent spread is 550 Pips, the widest since mid June 2015. We will be going Long USDCAD & Short EURCAD These pairs have been 70% to 96% correlated during the past year. Since they have been recently become uncorrelated we expect the correlation to return shortly. EURCAD is approximately 25% more volatile than USDCAD therefore your position size for EURCAD should be approximately 70% - 80% your USDCAD position size. Our algorithm is showing an 89% chance of USDCAD rising over the next 1 - 2 weeks.
Long
by unique4x
USDCAD / 1HR / SHORTING OPPORTUNITY (OVER-VIEW)SHORTING OPPORTUNITY PAIR: USD/CAD TIME-FRAME: 1HR TRADE: OVER-VIEW I haven't done an over-view post before. But here is a very good example of building a case for entry. We have a shorting opportunity with 2 patterns, 1618% fib inversion, AB=CD, Structure, Bearish Trend, Trend Continuation Meets Counter- Trend Trade, Double Top and RSI Divergence. This is an extremely high score to take the shorting opportunity. I hope this is visually appealing enough to help see the Trade opportunity. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
USDCAD / 1HR / TRADING IDEASPOTENTIAL PATTERNS PAIR: USD/CAD TIME-FRAME: 1HR TRADE: PATTERN SETUPS Good morning traders, I hope everyone is having a good day thus far. Here are some potential trade opportunities after doing analysis on the USD/CAD - All we need to do is play the waiting game. Let the trades come to you, instead of forcing trades from the market. Currently short at the moment and have Gartley orders pending. Let's wait and see what happens together as the USD/CAD can go in either direction. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
3
CADJPY SKACAPITAL As you are all aware we posted analysis last week on this pair explaining we can see bullish movement before our downside projections come into play. We now await PA confirmation on the smaller time frame to enter short to our downside targets of 82.50 then possibly 80.00. We have Key structure breached with the first upward trend line breached and retested with continuation to the downside. It then created a higher low retesting the second trend line. We now await PA confirmation to enter short.
Short
by SERGENAYTUG94
USDCAD Potential Short Signal Above is the previous potential signal that we sent out on USDCAD . Clearly you will see that it proved to be extremely profitable with a great deal of selling pressure coming into the market upon a break below the short-term up trend line. This type of trading, WITH the trend, provides high probable trading opportunities because there is A LOT of money behind trends. It takes A LOT of money to move a market in one direction consistently to form a trend, so to try to trade against such a market condition is highly ill-advised. Again we will be looking to play USDCAD to the downside if we see a break below this short-term up trend. We will need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance performance prediction of at least 85% as well. If we do see this set up occur then we will take a short position. The 1.27500 level may pose some issues for continued downward movement so it may be a profit taking level if price action begins to struggle to break down around that level. Currently our forecasting algorithm is predicting some consolidation and then a move to the downside with a chance performance prediction of 93%. See the image below for the most recent forecast from our algorithm: i.imgur.com If you want to receive accurate forex signals like this one check out www.Unique4xPro.com and get one FREE month of our algorithmic signals! Also follow us on all of our social media: Twitter @ Unique4xPro Snapchat @ Unique4xPro Instagram @ Unique4xPro
Short
by UnknownUnicorn261897
AUD/CAD breaks strong resistance at 0.9825, good to buy dipsAUD/CAD has broken strong trendline resistance at 0.9825, momentum is bullish. Better-than-expected Australian employment figures support upside in the Aussie. Data should lower the odds of further cuts by the Reserve Bank of Australia. The Australian Bureau of Statistics reported an Australian employment change s.a. of +26.1K in March, above forecasts of +17k, with the unemployment rate s.a. at 5.7% vs 5.9% exp. 2H cloud base at 0.9830 is strong support for the pair, while upside finds immediate resistance at 0.9871 (session highs Apr 12th). Good to buy dips around 0.9835/40, SL: 0.98, TP: 0.9870/0.9895
Long
by FxWirePro