CAD
USDCADAveiq Capital Management Group
25th November 2019
This pair has been in an overall uptrend. It coincides with our overall DXY analysis in which we are predicting Dollar strength. The pair has now been in 24 days consecutive bullish momentum. We have broken a key weekly trendline which confirms that we will see a push higher to the 1.35 area. We are targeting a yield of 2%.
WOL3.1 #44USDCAD sell stop 1.3255
SL 1.33021
TP 1.31608
R= 47.1 pips
Si el precio llega a 1.3208, mover SL a 1.32455
WOL3.1 #40USDCAD buy stop 1.31817
SL 1.30961
TP 1.33527
R= 85.6 pips
Si el precio llega a 1.32674, mover SL a 1.3199
USDCAD*All content have only educational and informational purposes, and never should use it as financial advice.
GBPCADInvestment opportunity from 45 - 90 trading days on the GBP / CAD pair
The price has reached levels not reached since 10/10/2017, as domestic tensions in the UK have declined and a relative drop in oil prices has affected the Canadian dollar, all of which supports the scenario shown in the chart
USDCAD: Midterm Projection
USDCAD remains bearish.
You can see that the market one more time has respected a falling resistance of the channel.
Our bias is bearish and our next mid-term target is 1.3 structure support level.
Strong selloff that we saw on Friday will most likely trigger more selling volumes and
after a small pullback, selling pressure will proceed.
*it is not a trading recommendation!
I just share with you my outlook on this pair.
Shorting CAD*JPY just BECAUSEFirst of all this pairs is on a DOWN Trend but what makes it more valid to me is the fake break out that happened last Friday.
That fake break is telling us that JPY is much stronger than CAD right now.
Second we saw oil making new lows last week which will continue to do so at least 2-3 more weeks.This will influence CAD prices to make new lows
Third JPY is shining right now in all its pairs.
Just waiting for the price to test the upper line of the channel than we can short cad on this trade for 60 fast pips !
USDCAD: Technical Analysis
hey traders,
Though USDCAD is very chaotic in the last few days
yesterday we saw a very strong bullish impulse
breaking the resistance line of a falling channel and setting a new higher high higher close.
however, I am very very skeptical about further bullish continuation of the pair.
analyzing structure on 4H and daily chart, we see that the market is entering a wide supply zone.
I will be looking for a reversal formation inside this zone to short the pair.
Target levels will be 1.33 and 1.326
Please, remember: no matter which trading strategy will you choose, with our stop
above the supply zone our position will be protected.
good luck!
*if you like this idea, please, like it and leave a comment! thanks :)
CADCHF BUYPRICE RECENTLY BOUNCED OFF THE SHORT-MID TERM TREND LINE AND ALSO DESCENDING CHANNEL BROKEN AND RETESTED......HENCE A POSSIBLE CONTINUATION TO THE UPSIDE
USDCAD H1- TREND OPPORTUNITY - Hello comunitty,
Here is my view on USDCAD for the last week, and forecast from now on!
Technical:
- After testing more then once our support lines (both white lines), they broke for down. Creating a new support level, around 1.3138 (yellow line). The ideal was to open a short position on the 50% Fibo, where the big blue arrow is set. But this already passed, so now i think we will test again the 50% Fibo on the second down (purple box). If it passes this area, i believe it will test again our previous start point, aroun 1.319, although i do beleive it will test again but on the below one, and if it passes it will go straight to the bottom, around 1.302 white support line.
Fundamental:
- Yesterday we had stong data on CAD and once again weak data on USD. Today we will have more data on USD, and this pair will trade upon this data is weak or stong, although in my opinion once again the forecast data will not be reached.
Lets whait and see.
Keep it simple!
USDCAD triple top support breakUSDCAD had a nice uptrend with multiple swings, and then created a triple top, showing us that the uptrend was exhausting.
The 1.3255 zone was what we were watching and we got the break below. 1.32 zone would be first take profit targets.
USDCAD observation..Should oil rise in the future...
Should dollar continue to weaken....
Should we get a 3rd wave ;)
3 steps down 2 steps to reverse 1 step to follow.
Textbook technicals...lets see how it goes...
USDCAD SHORT: Bearish Gartley
Almost completed bear gartley on USDCAD.
Entry - 1.3265
Stop - 1.3285
T1 - 1.324
T2 - 1.322
Quick sell opportunity in CADUSDHead and shoulders pattern has been formed and confirmed by break neckline. Stop loss is an essential tool so keep at little above the neckline. the target near to the uptrend.
CAD may strenghten...D1
-->> pullback to support
--->> a break below the cloud invalidate buying CAD
UC Short 1.318bears and bulls fought but bears won this round as UC saw a sharp dip in Price action from 1.326 to 1.318 and bounded off twice. Should see some lower lows for the remainder of the week 1.29 OTW!
LOONIE TUNES #USDCAD WEEKLY HARMONICSGARTLEY HIGHLIGHTS PRZ OF COMPLETED BAT. 1.355-1.36 IS KEY.
SHOOTS THROUGH TARGET CYPHER ~1.43
SHORTS SHOULD BE LOOKING AT 1.288
