AUDCAD shortHey traders, in this week we are monitoring NZDCAD for a selling opportunity around 0.866 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Canada
AUDCADHey Traders, in this week we are monitoring AUDCAD for a long term selling opportuntiy around 0.92 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD LONGHey Traders, We are monitoring USDCAD for a buying opportunity around 1.279 zone. We have above a cup pattern, a bullish trend and an important daily supply and demand zone in combination with a hawkish fed. Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USD/CAD Technical Analysis, WTI CAD Fundamental OverviewUSDCAD has reached a 1 year high @1.2965. Breaking through the 1.2960 resistance could lead USDCAD to push towards 1.3020.
Canada Core Retail Sales came out under expectations (1.3% vs 1.6%), reinforcing with fundamentals the technical analysis.
Omicron is now the dominant COVID strain in US, with new cases soaring in Canada as well. Tighter measures have been put in place on Monday, as Quebec shuts down schools, bars, gyms.
WTI price is still under pressure despite the recent rebound, likely a reaction to the new wave of omicron virus is hitting US and Europe, with the new restrictions from countries (still not in place in certain large markets, but are being studied) may reduce the demand of WTI and put heavy pressure on its price.
CAD is one of the major commodity currencies which is highly correlated with WTI’s price, so lower price on WTI will push USDCAD trend to go higher as weaker CAD is expected.
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USOIL LongHey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 70.3 zone. USOIL have formed a bullish flag. Once we will receive any bullish confirmation the trade will be executed.
Trade Safe, Joe.
AUDCAD shortHey Traders, in this week we are monitoring AUDCAD for a long term selling opportunity around 0.91200 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
CADJPY H4 - Short SetupCADJPY H4
Next entry point marked on, as described in the technical rundown, and break and subsequent retest of this interim S/R level at 89.00 would be our next point of entry. Sold off a solid 110 pips last week.
89.00 down to 88.00 firstly, with potential to extend further beyond, targeting 86.300.
USDCAD SHORTHey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.273 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPCAD ShortHey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.679 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
TSX:SU Long Swing ShortWith the rising wedge and decrease in volume, I think we can see a nice down move here in the coming months.
Happy Swinging,
Stefan
QSR - Tim Hortons - Is it finally time to buy ?After making a high of 87.32 in may 2021 we had a pullback of exactly 20% to 69.42 low in October
Now at $75 and only down 15% since that may high the chart is looking good for a reversal.
The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish
That being said we have 23 days left in the month so that candle can still go in any direction but the fact that we have already taken out last months low and high only a week into the month is a positive sign there is momentum building.
USOILHey Traders, above is a technical overview on USOIL and the most important zones to take in consideration.
Trade safe, Joe.
Convenient position for sale #usdcadConvenient position for sale
Swing
Analytical look
Watch list for accurate wood on the climb
AUDCAD shortHey Traders, today we are monitoring AUDCAD for a selling opportunity around 0.905 zone, once we will receive any bearish confirmation the trade will be executed.
Trade Safe, Joe.
USDCAD longHey traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.274 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe!
TSX Utilities - Interesting junctureSecond test of the 200 dma for the utilities and what comes next ?
Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ?
Utilities are notoriously defensive stocks held as last resort for safety and yield
My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness don't try to buy the dip too soon most likely will get more opportunities in 2022
favorites amongst this sector are TA - FTS - SPB
LRDJF St. James Gold Corp. oversold St. James Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold.
Price Target 1: $2.05
Price Target 2: $2.90
Stop loss: $1.05
Looking forward to read your opinion about it.
PGXFF Prosper Gold Price TargetsProsper Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada.
Price Target 1: $1.05
Price Target 2: $1.25
Stop loss: $0.41
Looking forward to read your opinion about it.
wheat will have to enter it's cyclewheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities.
by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple false breakouts are to expect once the price is bellow the neckline. i don't think it's a coincidence that the natural target of the pattern coincides with a round number (600), witch has been a strong resistance and support in the past.
EURCAD shortHey Traders, today we are monitoring EURCAD for a selling opportunity around 1.14245 zone. we noticed a breakout of the daily demand zone , so we might consider going short on the retrace.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe and use proper risk management.
Joe.
USDCAD - rising oil prices will send USDCAD lowerOil is strong ahead of a colder than usual winter in the northern hemisphere among other reasons.
Retail traders are shorting oil - usually will send oil prices higher to hunt for liquidity.
