USD/CADInteresting area to look at. We are currently in a downtrend but coming down to some major support. Will wait for a retest before taking any trades
Canada
USDCAD short scenario OIL FLOWTechnically facing supply and sellers entering since downward arrow.
Fundamentally, the CAD is due to gain back some value as oil beings to recover.
DXY being squeezed into the 100s.
PCLO | Are we going to Rise ? PCLO, Looking like a good accumulation/ Buy opportunity. Looking for swing targets Of Mid $1.50-2 & $4-5. Let see how this plays out !
USDCAD - possibility of more than 10% of loss aheadUSDCAD is tracing primary wave C down and should target levels below 1.30. This scenario should be void if prices crosses up 1.47. FOLLOW SKYLINEPRO TO GET UPDATES.
AUDCAD What to Look Out For Going After the WeekendThe price is oscillating here between a zone of support and a zone of resistance. Going into the weekend these are the most important areas to look out for.
We can see that the price bound off the 0.5 fib level just now with a really strong green candle. In general there seems to be an upward move happening on AUDCAD with a small slowdown in the last few days.
I will give a bullish advice here, and expect that after a small retracement the price will break through the resistance.
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USDCAD ShortUSDCAD printed a bull spike off of the 1.38600 area to the 1.4100 price region, we could see bearish pressure back down to that level with 1.39800 being our first target level. Then back down to test that support area around 1.38605.
USDCADIt looks like we are ahead of a further continuation, pretty good to trade on smaller timeframes.
USDCAD IS BULLISH BY BUILDING WEDGE PATTERNThe forex rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation which can indicate both reversal and continuation patterns
DAILFX.COM
USD / CAD ! LONGIt touched the trendline a lot of times and its bouncing from the support very fast.
Break up is most likely to happen
Remember always trade the most probable scenario, SL below the 200 sma
WOW, look how perfect that is TLRY cup & handle reversalTLRY up because it is a cup & handle pattern and it just looks so perfect. It matches the .618 retrace and it is amazing how it looks to fit so perfectly. We closed literally at the fib. Wow! This matches the fib level of the cup & handle, handle I linked. You can see how we are in a channel and that we are going to target 1 around 11.23, which would be around the 300 sma on the chart. You can also see how the dotted line perfectly lies within all of this (target 1) and then target 2 as I learned is the length of the depth of the cup and still within the channel. I drew three grey lines that are just relative resistances from the overall bearish trend. It is amazing how the second target matches the yellow follow through that is a copy of the prior days move. Great news just came about providing 40b in liquidity to cannibis sector in Canada! Also, it is so amazing how it looks how it is going to breakout and have a nice retrace to test the prior huge bearish channel.
I recommend sellingAs you can see in the volume the buyers are out of breath and we have a strong entry of the sellers so I think it will have a trend reversal
Advice to do nothing at the momentWe have breathlessness of sellers and we broke a resistance which is a strong support since May 2017 and March 2018 i advice to buy until there is a high volume of purchase green . Attention ! be careful it could just be a pullback and continue to follow the low tandance.
Take profit if you are a seller and do not advice to buy nowWe are at the end of a downtrend I advise not to buy now because there is no significant volume for the moment I think we will enter in a small phase of range.
On est dans la fin d'une tendance baissière je conseil pas d'acheter maintenant car il a pas de volume important pour le moment je pensse qu'on va entrer dans une petite phase de range.
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
Canadian Commercial Real Estate Fund!!! FTSE CADReal Estate Crash might be the next phase of the Global Crash. In Canada it is below November 2012 founding date!!!!
