CADJPY DAILYPrice broke its channel to the upside, came back to retest & looks to have closed back above 89.000 Key level. CAD rate hikes this coming week we may see a strong move higher !
Caddollar
CADCHF DAILYPrice looks to have broke its daily downtrend, rejecting daily support with a doji candle as well. 20 MA crossing over the 50 MA showing some bullish momentum is about to take place. Lets observe..
GBPCAD 4HPrice now back at resistance & trendline resistance. Looks like me may be heading back down shortly ..
NZDCAD 4HPrice now trying to break its counter trend line & resistance, watch for a close above & a retest for a potential new higher high..
USDCAD 60Price broke its higher time frame counter trendline & is coming back for a retest. Now looking to create a lower high before continuing its downtrend..
EURCAD DAILYPrice getting close to reaching its ascending trendline, & is approaching a strong level or support. Will be see a break or bounce?! I'm anticipating a bounce.. but time will tell
USDCAD DAILYPrice on a strong level of daily support / fibonacci support, may get a retest of broken consolidation or to the 38.2 fibonacci level before a lower low..
USDCAD DAILYJust an idea here before all the high impact news tomorrow for both these currencies, still looking for a potential retest to 1.26600 broken daily support turning into resistance, after breaking out of its consolidation range a retest never took place. Then we can see a continuation down to make a lower low. Lets see how it goes this should be interesting..
CADJPY DAILYWaiting for a daily closure above 89.810 for buy opportunities. Price broke back up above weekly resistance, now should move up towards the next level of resistance.. Waiting for further confirmation.
NZDCAD 4HPatiently waiting on this pair to play out & break its counter trend line + retest for longs, & complete its abcd pattern.. Previous resistance now support holding nicely, now its just a waiting game.
AUDCAD 4HFinally we have a break to the upside / rejections to the 38.2% fibonacci level. Next upside is at daily resistance 0.99000
NZDCAD DAILYPrice rejected daily support once again after a strong breakout to the upside, now making a higher low. Can you see the bull flag pattern? I will be watching for a breakout for a potential new higher high..
USDCAD DAILYFinally price broke out of consolidation thats been going on with this pair for some time now.. Now I am looking for an entry on the retest of broken daily support at 1.26600 (Retest) before price continues back lower to create new lows !
AUDCAD 4Htriple bottom, price sitting back above previous resistance now support, Watching for a break of the trend line for buy opportunities. Lets see how it plays out this upcoming week
EURCAD DAILYKind of disappointed I didn't pay attention to this pair recently, price made its 3 touch to the ascending daily trendilne, & hit a strong level of daily support with a strong bullish engulfing candle close. Will watch for a potential retracement for a possible entry
NZDCAD 2HPrice approaching resistance / trendline resistance, lets see if price can break this level to the upside
USDCAD DAILYDaily uptrend line broken & support, will price finally breakout of consolidation?! looks like it..
NZDCAD DAILYDouble bottom formed on the daily at the trend reversal zone, price broke out of its downtrend channel & retested making a (higher low) now rejecting at a strong resistance level turned into support. Will go to 4 hour or hourly time frame to look for potential entry opportunities
CADCHF DAILYBack at daily support that has been holding strong since august of this year, also price bounced off the daily uptrend line..
USDCAD 60Watching for a breakout of triangle pattern.. Price has been in a consolidation range & is near the top (Daily resistance). Watch for a candle close below triangle pattern for short opportunities down to the supply levels.. Price could be looking to make its way back to the bottom.
NZDCAD DAILYPrice failed to break weekly resistance, breaking out to the upside of its falling wedge as well. Looks like the Moving averages are crossing over to the upside as well & price is breaking high base resistance showing a potential change of trend. Weekly candle closed with a bullish engulfing as well. More upside expected here..
GBPCAD DAILYPrice came down to its daily uptrend line to make a higher low, rejecting the 50% fib level & forming a hammer candle above a strong key support level, I believe price will make its way up to make a new higher high & continue its uptrend..
GBPCAD 4HWatching for a break above resistance for potential buys. GBP news in the am coming shortly, could see a strong move to the upside
