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CAD

Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7262, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7185 and 1.7162. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7285. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
USDCAD Short-term sell signal to the December Low.The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the recent Bearish Cross formation can initiate a sell-off to the lower Support Zone similar to those we mentioned before. The confirmation would be a 1D candle closing below the 1D MA50 (blue trend-line) and the Higher Lows trend-line of the Channel Up. As a result our short-term target is 1.32300 (just above the Support Zone). A closing above the Symmetrical Resistance Zone, invalidates that. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
Sell GBP/CAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7225, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7164 and 1.7130. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7252. This helps limit potential losses if the trend unexpectedly reverses and the price breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
2
EUR/CAD Analysis: Daily Zones and Cautions Traders, Let's assess EUR/CAD's daily zones and accompanying considerations: Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions. Monthly RSI: Suggests a range zone, indicating potential stability. Weekly RSI: Indicates a potential bearish move, urging caution regarding long trades. Daily RSI: Signals more bearish days ahead, reinforcing the need for caution. Daily Chart: Presents a bullish channel, providing a potential avenue for upward movement. 1-Hour Chart: Identifies a buy zone around a broken level and a sell zone near the supply zone. Be mindful of these dynamics and ensure thorough analysis before entering trades. Best regards,
Short
by AliSignals
USDCAD - Top-Down Analysis 📹 UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
USDCAD: Potential Upsides with Canada easing inflationHey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35700, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. The current scenario suggests a disinflationary trend in Canada when examining inflation and wage dynamics. While not the central expectation, it wouldn't be unexpected for the Bank of Canada to adopt a dovish stance during their upcoming meeting. This could involve hints at a potential rate cut in the future meeting or discussions surrounding pausing their Quantitative Tightening program. Trade safe, Joe.
Long
by JoeChampion
2
CADJPY: Next stop the monthly falling trendline?There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm going to be doing some long scalps not that local resistance has been broken and retested.
Long
by Finchcliffe
NZDCAD Bullish, dip buy opportunity targeting 0.85400The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails, that can be its new Bullish Leg to a Higher High. As a result we turn bullish on the pair, aiming for Resistance 2 at 0.85400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
🇪🇺 EURCAD 🇨🇦 - Retest of resistance before further declineThe currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline. Reasons for further decline: 1) Counter-trend correction 2) Liquidity and resistance areas at 1.4728 are strong enough for a breakout 3) Flat from the upper boundary of 1.47200 may push the price downwards 4) There are no fundamental reasons for the euro to rise
Short
by AndeWave
1
Sell CADJPY Bearish Channel The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Sell Entry: Consider entering a short position around the current price of 111.46, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 111.07 and 110.82, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 111.70. This helps limit potential losses if the trend unexpectedly reverses. Thank You.
Short
by KABHI_TA_TRADING
12
NZDCAD:Bearish Stocks and Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83350 support and resistance area. the New Zealand economy is heavily reliant on its agricultural exports, particularly dairy products, which can also experience reduced demand during periods of economic downturn. Consequently, when stock markets falter, investors tend to favor safer assets, leading to a decrease in demand for riskier currencies like the NZD compared to safe-haven currencies or those perceived as less volatile, such as the US dollar (USD) or Japanese yen (JPY). This combination of factors contributes to the bearish outlook for NZDCAD when stocks are declining. Trade safe, Joe.
Short
by JoeChampion
2