Get started

Canadiandollar

USD/CAD -3/5/2023-• Renewed US Dollar strength coupled with falling Oil prices due to fear of recession, are the main fundamentals behind the rally of USD/CAD • Technical picture remains bullish as long as above the slightly ascending trend line and horizontal support at 1.3530 • Long term symmetrical triangle is shrinking which means the breakout is coming soon and the projected target is a huge move ( height of the triangle is almost 2000 pips ) • Short term trading recommendation: Risk/reward favors a long position at current 1.36 level with stop at 1.35 and target 1.38 (descending trend line resistance) • No fresh trades are recommended before closely watching the outcome of the FED meeting on Wednesday Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
by RamziAbouAbdallah-CMT
AUDCAD Testing the top of the Channel Down. Sell.The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High. With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards the Channel's bottom (Lower Lows trend-line), targeting 0.8870 (November 21 2022 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURCAD Halfway to its long-term buy zone.The EURCAD pair hit the first target we set on our late-March analysis: The pattern that emerges is a Channel Up and the next high probability buy entry is located exactly at its bottom on the 1D MA50 (blue trend-line). If the price breaks below the Channel Up, we may see a prolonged accumulation on the 0.618 Fibonacci level. As you see the Fibonacci levels have been targeted since the rise started last August and filled the gaps on all Lower Highs during the Bear market. The next gap to be filled is none other than the December 22 2021 High. Our long-term target in both scenarios is 1.57000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPCAD - NEW BREAKOUT 📈Hello Traders 💖 On The Daily Time Frame The GBPCAD Broke The Major Key Level (Support Becomes Resistance Level) and he Broke The Resistance Line ✔ Currently, The Price is testing 1.68195-1.68603 Support Level for Creating a new Higher Low 📈 If Price Stays Above The Key Zone, GBPCAD Can Continue The Bullish Move 📈 ----------- TARGET 1: 1.69930🎯 TARGET 2: 1.71650🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
6
USDCAD: Your Trading Plan 🇺🇸🇨🇦 USDCAD is trading in a bearish trend on a daily. The price is currently testing a key horizontal resistance. Approaching that, the price formed a head & shoulders pattern on 1H time frame. 1.3522 - 1.353 is its neckline. To short with a confirmation, wait for its bearish breakout (1H candle close below that). Sell aggressively or on a retest then. Goals will be 1.3493 / 1.3456 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
EURCADAccording to the reaction to the very important range of the beginning of the downward correction, it is possible to enter a sell position with the ceiling loss limit and the specified target. Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Short
by Hamiratrading
4
USDCAD: Your Trading Plan For Next Week 🇺🇸🇨🇦 USDCAD is approaching a key daily structure resistance. Taking into consideration the fact, that the pair is trading in a bearish trend, we may say a bearish reaction from the underlined area. To confirm that, watch a rising trend line on 1H time frame. If the price breaks and closes below that, it will confirm the strength of the underlined structure. A bearish continuation will be expected then at least to 1.3519. Alternatively, a bullish breakout of the underlined structure will push the price higher. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
8
USDCAD BullishThe USDCAD ended its downtrend by breaking the downward trend line since March and the resistance level around 1.342, as well as the 100 and 200 moving averages on the hourly timeframe. Since this pair tends to move within price channels, it can be said that the price is now heading towards a third peak in the local upward price channel at the level of 1.347/49. After that, it may bounce back to create a new base at 1.342, where it will also test the support level and Fibonacci 23.6%. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
2