CADCHF - Around The Lower Bound Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
After rejecting the 0.68 resistance, CADCHF traded lower and it is currently hovering around the lower bound of the range, and support 0.65.
on H1: Right Chart
For the bulls to take over, and activate our buy setup, we need a break above the last high in gray.
Meanwhile, CADCHF would be bearish and can still trade lower inside the green weekly support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CAD
EURCAD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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EURCAD 1day MA50 break out. Buy.The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it.
This is a bullish extension signal towards at least the Falling Resistance.
Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise.
Buy now and target 1.46800 (Falling Resistance).
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CADCHF: Pullback From Key Level 🇨🇦🇨🇭
CADCHF is taking off from a solid horizontal daily support.
The price formed a double bottom formation on that on an hourly time frame.
Feels like the market is oversold and it is the moment for correction.
Bullish continuation is expected to 0.6535 / 0.6550
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USDCAD Bullish targeting a Higher High.The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High of nearly +4.58% similar to the previous one.
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GBPCAD Going Up | Buy opportunityHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURAUD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
AUDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring AUDCAD for a selling opportunity around 0.86300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86300 support and resistance area.
Trade safe, Joe.
Gcad downwards move,more likelyMore downwards move on Gcad. I have mentioned about Eurcad last week. This time right, I am seeing more weakness on Gcad.Let's see what happen next week
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
NZDCAD Potential DownsidesHey Traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.80600 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
UK and Canadian Inflation RatesOverview
UK and Canadian inflation rates will be released next week. These events could provide insight into whether the Bank of England(BOE) and the Bank of Canada(BOC) decide to raise rates further.
The Details
As things currently stand, the BOE will likely pause rates, and the BOC will raise rates again. This is in line with the current inflation figures.
Next week's inflation figures - Tuesday 17th for Canada and Wednesday 18th for the UK - may give more precise direction to what the BOE and BOC decide what to do next: hike, cut, or pause.
August's inflation figure for Canada was 4.00% and 6.70% for the UK.
Things to Consider:
If September's inflation figures are higher or the same as August's, this gives a greater chance of further rate hikes. Another rate hike from the BOC will likely strengthen the CAD. Another rate hike from the BOE will likely strengthen the GBP.
If September's figures are lower than August's, this gives a greater chance of the central banks holding rates and lowering rates in the near future. This will weaken the CAD and GBP.
Key CAD pairs could be FX:EURCAD FX:GBPCAD FX:AUDCAD
Key GBP pairs could be FX:GBPAUD FX:GBPCAD FX:GBPNZD
AUD/CADIt has touched the 3x both downwards and upwards! This could lead to a breakout! The exchange rate has been unable to move normally for many days now, they just keep jerking it around. Based on the news, I expect that this week they will pull it up, and we can finally stay above the weekly level, and then the rally can start! What is your opinion on this?
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36100 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36100 support and resistance area.
Trade safe, Joe.
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.87000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is in a correction phase in which it is approaching the trend at 0.870000 support and resistance area.
Trade safe, Joe.
NZDCAD - Strong Resistance Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the lower purple circle as it is the intersection of a horizontal support and lower red trendline.
Since then, NZDCAD has been trading higher and now approaching the upper trendline of the channel.
Moreover, the 0.825 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDCAD approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich