USDCAD short idea - #US #UnitedStates #Canadian #dollar The USDCAD will hit these long term trend lines soon.
For me I'm looking at the chart bearishly with a possible 1-2-3 touch play taking price towards $1.309.
Canadian
GBPCADAll content have only educational and informational purposes, and never should use it as financial advice
CA10Y: Next target is 0.8, can it rally?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the bonds market for Canada, especially for its government been quite bullish recently. The last close was at +7.07%. Although, some resistance seems to be on its way, I think the next target in price to look for milestone-wise would be at $0.8. Afterwards, one could then look at it carefully and see if it worth a long hold, risk mitigation, or reinvesting. Again, just my opinion.
VFF.TO Village farm largely underestimatedVillage Farm is actually largely underestimated if you look at its financials and the market Outlook. It is a great opportunity for short term return based on the stock price increase.
UPDATE: AUSSIE CAD finally at resistance!!! AUDCAD reached the major resistance held since last August and appears to be running out of steam. It is currently pulling back down towards the old green descending channel again. I'm neutral on this trade for the moment as its clearly in a strong uptrend... May take a long if it fails to break back into that channel.
If you have any ideas supporting or on the contrary to my opinion please leave a comment.
Thank you and happy trading :)
Disclaimer: This is not financial advice.
USDCAD 4HUSDCAD possible buy supported by the ichimoku cloud, we expect upward movements either for short term for the pair negatively correlated with Crude oil
Possible scenarioCXY = USDCAD upside down. Camarilla is one of the best indicators for forex traders as it reveals important hidden levels one would not be able to spot with naked eye.
And since it is a leading and static indicator you dont need to flip all the charts trying to find those levels.
If this thing breaks through R1 it will move higher.
WHAT WILL HAPPEN WITH CANADIAN DOLLAR FOR NEXT TIME?HELLO, EVERYBODY, WHO FOLLOW ME!💣🚀
I promised to my dear subscriber, @Pps33_Day, to look at CANADIAN DOLLAR, which is popular for most of all😘🌹
GUYS, WHO INTERESTS in CANADIAN DOLLAR , I OFFER LONG IT CAREFULLY)👍✔
Indicated on the chart for you indicative levels where the price may come
What do you think about this?❔❓
💸Be careful, don't forget about stoplosses.
🌻Wish you to have a good day and good mood🌻
Be strong, I'm with you❔💪🏿✊🏿
Your RocketBomb🚀💣
the Canadian composite index - will keep selling - 2020-03-12Pattern: Triangle pattern
The triangle pattern is a specific figure formed on the price chart, typically identified when the tops and the bottoms of the price action are moving toward each other like the sides of a triangle. When the upper and the lower level of a triangle interact, traders expect an eventual breakout from the triangle. As such, many breakout traders use triangle formations for identifying breakout entry points.
Analyze ;
Yes, the composite index Canadian is building a triangle pattern, you can notice when you reverse the chart, I like to do it because it gives you a better understanding of the chart sometime. We already reach point fifth of the wave so now idea is the market will sell until they break the triangle but we can see we have a support level before reach the second red line 8093. For now, it's possible for the market to bounce on the first red line that means 14000 and go back down or bounce and change the direction. but there is a high probability the market will go down and reach the second red line.
The recommendation that will be purchasing a put option to protect their investment.
The Cannabis stocks look to be making a comeback.The HMMJ (Canadian cannabis focused ETF) has bottomed out and sales of cannabis have been strong since coronavirus hit the globe.
$3.57 bottom for HuskyHusky Energy is on the final wave 5 of it's greater wave C correction which may see a potential bottom of $3.57 in the coming months.
usdcad short risk reward 1/5Hey!
Great opportunity to open short position risk reward 1/5.
But!
Only after one of the levels show it strenght. I do not like the dynamics of price movement. Look fundamental, was some sort of news or a statement from their central bank. For too long the Canadian dollar falls against the US dollar without any rollback. Levels 1.3260 and 1.3285 the price went without difficulty. The target in my idea is not deep below, the high probability of a reversal in my opinion. I recommend at least 1/2 of the positions close where I aim.
This will makes you happy :)Here you are an easy and simple view of USDCAD. I am expecting the OIL price to go up, so we all know OIL up = UC down righ? Do you need more confirmation of cuorse, so look at chart. Weekly resistance, marked in black, divergence, marked in red, trendline, marked in black (you could wait for a break of that) and the target is green. Easy right? So,
i hopes that you will be happy with this freemoney :)
Greatings,
S :)
