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Canadiandollar

⚠️CADCHF crash by Head and Shoulders Pattern⚠️CADCHF managed to form a Head and Shoulders pattern after breaking the uptrend line. Also, CADCHF managed to break the neckline and 🟢 support zone(0.673CHF-0.672CHF) 🟢 in the past hours. 🔔I expect CADCHF to decline at least until the next 🟢 support zone(0.664CHF-0.661CHF) 🟢. 🔅Canadian Dollar/Swiss Franc Analyze ( CADCHF) 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 be glad to 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
25
CADJPY: Retracement Expected FirstI'm expecting a retracement from this pair soon. it's massively over-bought, that said I think it will push up to just past 110 to meet resistance before it does. I've got my alerts set at 110. Being over-bought is not a determining factor, we can see that recent previous high levels were more overbought than they are now, before retracement. I can also see that the loose monetary policy of BoJ continues to negatively affect the value of the Yen, and this doesn't look set to change, so I'll be waiting and watching - if we break resistance then we could be heading all the way up to 116 - 118 (last seen in 2007), but I do think we'll retrace first, down to 106.5 so could be around 350pips. I'll be using LTF's and wait for confirmation before executing any trade.
Short
by Finchcliffe
1
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