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.
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.
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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.
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 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:
CAD/USD Back to Parity?The 12 month chart looks bullish for CAD. Couple that with a hawkish BoC and a dovish Fed. We could see it in the next 12 months if the chart holds the pattern.
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, cadusd longer term tradeThis trade is about a long term hold based on Canada see good things happen after there next election, so it is a post election hold, so keep exposure small and hang on, I have structured it with two buy in levels, depending on the momentum of the market at the first buy zone I may let it go to the second before doing the trade
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)
DXY on the two sides! fall or return?DXY is the key parameters in Dollar strength, after 2 weeks, it is under two sides! fall or return? market is awating to fundamental news.
But if it falling to under support zone, gold increase very high!
Breakthrough to 1.36 Range This Week ~ High ProbabilityA potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.
USDCAD Bearish breakout triangle Looks the triangle broke and that trend line as well. No real follow through yet, so it could bounce up a bit first. If this happens, it should not break the red zone. That would complete a retest of the triangle. A break of the green support, should increase the chances a lot of dropping towards the 1.330
Previous analysis:
USD/CAD Short SetupTriggered into this short trade on USD/CAD
Risking 25 pips
Targeting 110 pips
*Not FINANCIAL Advise*
5th of may cadusd bearish set up.cadusd has broken ascending trendline and made a bearish flag pattern. Waiting for price to break out so I can enter.
22nd of april cadusd short and long setup.cad usd is bullish at the moment with 4hr/1hr zones being respected, waiting for price to reject weekly zone so we can look for shorts.
cadusd bearish movecadusd made a h&s pattern while making a xabcd pattern + reaching resistance zone.
CADUSD to bottom Dec 2020 along with Gold / Silver pricesRan monthly model on CADUSD per request from follower to see if momentum model could time currencies.
brschultz
CAD Been sitting mostly in cash so watching CAD, If we get a move up will consider buying more us stocks. Would think this is highly dependant on the price of oil, but USD could be turning over.
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
Gartley Pattern Formation HereProbable Gartley Pattern Formation occuring here get ready to Short.....
