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Canadiandollar

AUDCAD bottomed and is giving a strong buy signal.AUDCAD is trading inside a Channel Down pattern since the end of January. A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.91000 (Resistance and Fibonacci 0.5). Tips: 1. The RSI (1d) is also printing a similar pattern to July's 2022 bottom. Please like, follow and comment!!
Long
by TradingBrokersView
2
EURCAD on the MA50 (1d) after 2 months.EURCAD hit today the MA50 (1d) for the first time since May 12th. The real pivot though that turns the trend from bearish to bullish and vice versa, has been the MA100 (1d), which is currently a little higher at 1.45996. A candle close over it, is a buy signal, despite the presence of Resistance (1). The long term trend remains bullish supported by the MA200 (1d) and the Rising Support since August 2022. Trading Plan: 1. Buy if the price closes a candle over the MA100 (1d). Targets: 1. 1.5000 (near Resistance 2) Tips: 1. The RSI (1d) has formed a Channel Up pattern which is consistent with the rallies of November 2022 and February 2023. Please like, follow and comment!!
Long
by TradingBrokersView
GBPCAD: Waiting For Breakout 🇬🇧🇨🇦 It looks like GBPCAD is preparing for a bullish movement. Analyzing the 4H time frame, I spotted a bullish flag pattern and a confrimed breakout of its upper boundary. The last obstacle for the buyers is the 1.6825 - 1.6850 resistance on a daily. If bulls break and close above that, it will be an important bullish clue. A bullish continuation will follow then at least to 1.692 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
USDCAD: Rising to the top of the Channel for rejection.USDCAD is trading inside a Channel Down since March 10th with the 1D technicals gradually turning neutral (RSI = 44.190, MACD = -0.006, ADX = 30.614). That was after the 1D RSI got oversold and rebounded. The price should now reach as high as the 0.618 Fibonacci level and the 1D MA100 for the LH and get rejected to a new LL. We will take that opportunity and sell, targeting the bottom of the Channel Down (TP = 1.29500). With regards to the current rebound, it is done on the long term HL zone that is holding since May 2021. If the Channel Down makes a new LL as expected, it will be under the HL zone, meaning that the long term trend will get a confirmed change to bearish. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
USDCAD will go DOWN with Three Black Crows Candlestick Pattern!USDCAD again reacted to the downtrend line and failed to break this line. Also, the USDCAD reaction led to the formation of the Three Black Crows Candlestick Pattern . In addition, we can see between two consecutive peaks of Hidden Divergence(HD-). I expect USDCAD to drop down to the next 🟢 support zone 🟢. 🔅U.S.Dollar/Canadian Dollar (USDCAD), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Short
by pejman_zwin
9
EURCAD SHORT TO 1.38000EURCAD have been on the rise since August 2022, and now approaching the highs of 2022, what are my expectations? We can see that above the 2022 highs, there is a weekly imbalance I labelled, so price might get to that highs before going bearish, remember that the first leg of the M formation, formed on December, so this will be our second leg. So we expect this move to flow to 1.38000 Why shorting? There on the monthly timeframe, there is a high resistance zone we are currently on and we expect continuation of trend to the downside. Please do share, and give a follow to support.
Short
by Superstarsony_05
13
NZDCAD: Sell signal after the 1D Death Cross.NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern. Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting the bottom of the Megaphone (TP = 0.8000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5
CADCHF: Top of the 1 year Channel Down. Sell opportunity.CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is completed and target the LL trendline (TP = 0.63000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
GBPCAD: In neutral zone. Engage only on those levels.GBPCAD got rejected on a LH trend line of a short term Channel Down pattern inside a wider, long term Channel Up. As the 1D technicals are borderline green (RSI = 56.107, MACD = 0.0002, ADX = 32.690), we will proceed with a buy position only if the price closes the candle over the LH and target the Resistance (TP = 1.71415) and similarly sell only under the 1D MA100 and the dotted line and target the 1D MA200 (TP = 1.6500). Observe the RSI's top to book profit earlier if needed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
AUDCAD: Classic Bearish Reversal Explained🇦🇺🇨🇦 AUDCAD reached a solid horizontal resistance last week. The market was steadily growing within a rising wedge pattern. After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge. Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement. Goals: 0.901 / 0.895 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4