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CADUSD

FXC - Bull Run - Higher LowsSo I bought some cheap 200-day call options already at the money just before the BoC announced they were holding the rates steady of 1.75%. This is against a US fed already doing QE and cutting rates will prove bullish for the CAD. We obviously will see with time, but this market looks good for commodities and a rising CAD. Note: If the BoC does cut rates in the near future, then my point of view will change on this position accordingly. As long as the Fed keeps cutting and BoC lags too far behind like what is going on currently, I will be bullish though.
AMEX:FXCLong
by rwoods187
USD/CAD Classic Bearish pattern Hello, Traders! Monfex is at your service and today we overview USDCAD. After formed XABCD pattern figure the price was aimed to the support line. RSI has crossed 60% and going to the oversold zone. Short from the resistance. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Short
by Monfex_UK
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 !
Short
by Mjeshtri
1
Short Setup + Full Analysis on USDCAD by ThinkingAntsOkUse this as a guide to develop your own setup Main Items we see on the 4hs chart: a)Price Broke out the Ascending Trendline b)After the breakout, we saw a pullback to the Trendline with clear rejection candlesticks c)Currently, we can see a decreasing momentum on the bullish movement d)Based on that and the Bearish Signals we can see on Higher Timeframes we will look for a short setup on this Forex Pair e)Our Entry will be below the last Bearish Fakeout f)Our stop will be above the whole rejection level, (high-quality zone for stops) g)Out Target will be on the next support zone, we have a really good Risk Reward Ratio of 1:2 h)We will cancel this setup IF the price goes above the stop level with close candlesticks i)Remember: NEVER RISK MORE THAN 2% OF YOUR TRADE ACCOUNT Weekly Vision: Daily Vision:
Short
by ThinkingAntsOk
CADUSD broke out the triangle but a strong resistance aheadThe price action was moving within a symmetrical triangle and after hitting the support it made double bottom at the support of triangle. In the meanwhile the price line had also completed the formation of gartley and entered in potential reversal zone moreover the volume profile is also showing a very low interest of people to trade below that area. The double bottom formation and potential reversal zone of gartley and low interest of people as per volume profile produced a powerful bull thrust so the price action broke out the resistance of the triangle. Now the price action is moving up the trader's interest is too high between 0.382 to 0.618 fibonacci (upto $78.50), and above @78.50 can be a strong sell area coz. The pivot resistance is above the strong sell area. And we have a pivot point beneath the price action which can pull down the price action after hitting the area between 0.382 to 0.618 fibonacci of A to D leg of gartley. But the final decision can be made when the price action will be entered in 0.382 to 0.618 fibonacci after that we need to see the movement of price action and all indicators if they will give bearish signals then we can sell. Regards, Atif Akbar (moon333)
by moon333
CADJPY approaching resistance, potential drop!CADJPY is approaching our first resistance at 83.43 (50% Fibonacci retracement , 100% Fibonacci extension, horizontal pullback resistance )where we might see a drop in price to our first support at 81.34 ( 38.2% Fibonacci retracement , horizontal swing low support ). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Klimex
1