Canadian
USDCAD going to make another Lower low?Forming the series of Lows and Currently made the Lower high, Expecting it to make Lower low soon with the CTL breakout Confirmation
CADJPY Sell SetupOur Free Channel members also taking advantage of this free setup, If you find this double top formation with Daily Trendline bounce Useful then let us know in the comment section.
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)
USDCAD expecting Lower High nextWhat do you think about this analysis? Price need to take a Low high leg from this support region
USDCAD long term bearishOil prices bumping up, recent geopolitical crisis
Look at CXY (Canadian dollar index) prices seem to be off major demand zone
Looking to revisit broken upward sloping trend line
Short from 1.34 potentially
Wait for price action to confirm
USDCAD LONGLooking at the charts, we are below the 200 EMA.
The nearest supply zone is 1.3130, while the trend line is at 1.3183, which is close to the supply zones.
I am seeing price refuse to close below the rising trend line which signals a long position targeting previous highs.
You can set your SL below 1.3080, targetting 1.3402 ( Previous highs)
This will give 1:2.5 profit ratio
Rising tensions with iran gave CAD a boost.
Looking for those tensions to be eased and CAD to drop.
JWCA:TSXV - James E Wagner Cultivation: trying to curlJWCA:TSXV - James E Wagner Cultivation: trying to curl while general sector is weak, aside from the brief pop two Fridays ago this has built a decent base in the last three weeks in the high 70c to low 80c range. 81c is currently the biggest psychological resistance as we haven't had any ability to hold gains above it, 81c will also represent the middle BB line. Also remains stuck under the 50dma & 200dma. While these indicators are not in a bullish setup, I remain long term bullish on the stock as near term catalysts such as oil sales license is expected soon as is the first harvest from phase 1 JWC2 facility which will represent their first harvest for recreational use greatly expanding revenue. This little LP has great IP in their growth storm technology as well as great quality cannabis and is significantly under valued.
TSXV:JWCA
Harmonics anyone? After careful review of the USDCAD currency pair, I have been fortunate enough to create a perspective for the entire week ahead. I see the USD first recovering against the Canadian dollar with the oil price playing a major role in this move, followed by a midweek reversal which is likely to come in play on Wednesday or Thursday, with the release of key economic data. The Us president is currently in Japan making negotiations and china is looking to de-evaluate the YUAN. So this week should be very interesting.
Happy Trading and Manage your Risk!
The Urban Genius
I have Ucad mapped out for the WEEK, here take a look!After careful review of the USDCAD currency pair, I have been fortunate enough to create a perspective for the entire week ahead. I see the USD first recovering against the Canadian dollar with the oil p [rice playing a major role in this move, followed by a midweek reversal which is likely to come in play on Wednesday or Thursday, with the release of key economic data. The Us president is currently in Japan making negotiations and china is looking to de-evaluate the YUAN. So this week should be very interesting.
Happy Trading and Manage your Risk!
The Urban Genius
USDCAD to Snap back to 1.3400 levels. Probability ~ High Based off the 4H chart, looks like we should be approaching our Daily resistance level. Then we should plunge back to our initial trend line after the fake out!
CADJPY short Idea For next week84 is pretty Good resistance Region, Let's see whether It's going to hold resilient or break upside...
CADJPY, Sell on H4.Canadian Dollar / Japanese Yen FX:CADJPY
H4:
=Structure: Sideways
=Tendency: Downward
==Below resistance daily
-> Sell
Don,t Forget to Follow me
Usd Cad AFter Reaching to over stop After geting stop loss from this pair we changed over direction with longer term direction (bullish) lets see What Happen next but as we see some Good enteries we are sharing
Usdcad Forecast H1Here again we see a good Consolidation And what we would like to do is to just sell again
CMb : Consolidation
Direction : Downward
Why : Resistance Supporting with Candles
target : 1.33
stop : 1.3373
USDCAD Bullish Because It Has Room to Rise Before it CrashesWe're all green for 5 to 90 day exponential moving averages, RSI and stochastic both signal we have room to go before a short. This was is a long, but not its a few day trade for a scalp so keep your eyes on your screen.
For more, check out www.anthonylaurence.wordpress.com
USDCADClearly, the dollar is gaining against the Canadian dollar and long USDCAD is a bit crowded at the moment. Moreover, we have upcoming Canadian economic growth (GDP) coming out this week which is expected to be stronger than the previous period at 1.5 percent from 1.1. percent. That is still pretty weak though, it doesn't come out until Friday, and there is plenty of other pressures, event risks, and themes that will likely play into trading this week. Overall, a weekly trend trader should go long while one expecting worse news in the global growth slowdown story to short. For those a bit cautious, just stay put however my general assessment is short.
If you want to find more of my charts and analysis, please check out my content at www.anthonylaurence.wordpress.com
One More Pull Back Before The Long
Weekly: 3 waves completed and I expect to see wave 4 complete to the upside.
Daily: The corective structure broke to the upside indicating that wave 4 is taking place.
H4: The corrective structure has broken to the upside. I am looking for an entry trigger for the long.
H1: I expect a pull back to complete wave 3 and will look to enter the long when a reversal from that point has been confirmed.
USDCAD back to the runUSDCAD couldn't break the resistance at the first try but it has bounced at the 38.2 fib level, which indicates that the next bullish wave should be starting soon leading to a breakout of resistance level.
