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Canadiandollar

💵Canadian Dollar/New Zealand Dollar💵Analyze (01/09/2023)!!!The Canadian Dollar/New Zealand Dollar was able to break the uptrend line. Also, we can see Regular Divergence (RD-) between RSI Indicator and Price.👇 I expect the Canadian Dollar/New Zealand Dollar will go down to my 🎯targets🎯. 🔅Canadian Dollar/New Zealand Dollar Analyze ( CADNZD ) 4H⏰. 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
2
USDCAD: Nice Setup to Trade Today 🇺🇸🇨🇦 USDCAD dropped to a significant confluence zone. The underlined blue area on 4H time frame is based on a horizontal demand zone and 382 retracement of the last major bullish impulse leg. Approaching that area, the price formed a triple bottom formation on 1H time frame and broke its neckline then. The market will most likely bounce. Goals: 1.3493 / 1.3517 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
CADCHF: Potential Pullback Trade Explained 🇨🇦🇨🇭 CADCHF is approaching a key level. To catch a pullback from that, watch a triple bottom formation on 1H. 0.679 - 0.6796 is its horizontal neckline. Your confirmation will be its bullish breakout (hourly candle close above). Then buy aggressively or on a retest. Targets: 0.681 / 0.6822 If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
9
EURCAD: Bearish Outlook Explained 🇪🇺🇨🇦 EURCAD reached a key daily structure resistance. The price has formed 2 doji candles, approaching that on a daily. Analyzing the intraday time frames, I spotted a confirmed bearish breakout of a rising parallel channel on 4H. The price is retesting that at the moment. The market will most likely drop soon to 1.446 / 1.4414 levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
💵British Pound/Canadian Dollar 💵 Analyze (01/16/2023)!!!The British Pound/Canadian Dollar completed its double-three correction(WXY) in the resistance zone with an ending diagonal pattern. Also, if you look carefully, you can find the evening star candlestick pattern in a 4-hour time frame.👇 So, I expect the British Pound/Canadian Dollar will go down at least to the support zone. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 1H⏰. 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
2
🍁 USD/CAD Correction Before Fall? 🍁🍁 USD/CAD Correction Before Fall? 🍁 Nearest strong support zone: around the 0.786 level of the upward wave. 🍁 Nearest strong resistance zone: the 0.618 level of the upward wave. 🍁 Technical environment: - Moving averages: Downtrend - MACD: Uptrend - RSI: Uptrend (Divergence). - Supertrend: Downtrend 🍁 Price action: USD/CAD It has reached a key point on the chart we have again attacked the levels of 1.336 where we landed after the last downward wave, looking at the medium-term pro-growth bias of the dollar and the long-term uptrend on the Canadian dollar, I expect a retest of the area around the 0.618 level of the upward wave before continuing the decline. 🍁 The scenario I'm playing out is to execute an upward correction before continuing the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Long
by InvestMate
8
🍁USD/CAD Attention We're Falling 🍁🍁 USD/CAD Attention We're Falling 🍁 Nearest strong support zone: around 1.337, 0.382 fibo level of the entire upward wave. 🍁 Nearest strong resistance zone: around 1.36, 0.236 fibo level of the entire upward wave. 🍁 Technical environment: - Moving averages: Downtrend - MACD: Downtrend - RSI: Downtrend 🍁 Price action: USD/CAD for the past month has not found the strength to continue the upward movement, contributed by a sharp capital inflow into the Canadian dollar and a flight from the US dollar. What caused such sharp movements in recent days. Looking at the candlestick formation in which the price, after an upward breakout, accumulates slowly curling southward, the continuation of growth in this case seems very unlikely. It looks like the road to a coy strong wave of declines has opened before us. 🍁 The scenario I'm playing out is a continuation of declines given all the support zones that lie ahead. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
8
CADJPY 1D Death Cross but bullish divergence short-termThe CADJPY pair has gone a long way since we caught the perfect sell at the top on our September 20 2022 idea as it hit our 1W MA50 target: The price broke even lower and touched the bottom of the Channel and the Higher Lows trend-line that started on the March 09 2020 Low, and has since been rebounding. As we mentioned on our last analysis, we can expect a sustainable rise only if the RSI breaks above its Lower Highs trend-line. On the long-term the 1D Death Cross formed on December 27, confirms that the trend switched to bearish but on the short-term the 1D RSI Higher Lows since December 05 being a bullish divergence against the Lower Lows of the price, favors a rebound not just to the 1D MA50 (blue trend-line) but also the 1D MA200 (orange trend-line), but again we need the RSI Lower Highs break-out confirmation. If however the pair breaks below the 1W MA100 (red trend-line) earlier, we will resume selling, targeting the 0.5 and 0.618 Fibonacci retracement levels in succession. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
EURCAD Rejected on the 1 year Resistance. Levels to watch.The EURCAD pair has been on a very strong rise since the August 25 2022 Bottom and hit all of the buy targets we presented on our 1D MA100 (green trend-line) break-out buy signal back on September 19: On December 15, the price got rejected on the Resistance Zone (1) that started a year ago (Dec 20), making so far a Triple Top. That would otherwise be a bearish signal but with the price trading above the 1D MA50 (blue trend-line), while also having the (green) Symmetrical Support Zone (1.4100 - 1.41650), the pair is now neutral. The 1D RSI broke below its July Higher Lows trend-line and is bouncing on the September Support level and as long as it holds, it should keep the price above the Symmetrical Support. We will sell only if the price closes a full candle below the 1D MA50 and target the 1D MA200 (orange trend-line), which is the long-term Support during uptrends. On the other hands a closing above Resistance 1 (1.4650) will be a buy break-out signal targeting Resistance 2 and the 0.786 Fibonacci retracement level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
AUDCAD Target achieved. Double Top turning long-term bearish.The AUDCAD pair has gone a long way since our latest analysis and bullish call upon a 1D MA50 (blue trend-line) break-out, hitting all of our targets to the upside: In fact, our long-term buy that targeted the 1W MA300 (red trend-line) was executed perfectly exactly at the bottom as you can see on this September 20 idea: With the price almost touching the 1W MA300 but more importantly getting rejected on the April 20 2021 Lower Highs trend-line and making Higher Highs Double top on the 0.786 Fibonacci retracement level, we are closing all buy positions and instead reversing to long-term sells on the AUDCAD pair. The very same 1W RSI Bearish Divergence (which is on Lower Highs as opposed to the Higher Highs of the price) was also formed on the previous top on April 05 2022. Notice also that that top was formed slightly after a 1D Golden Cross formation. We just had the same Golden Cross 3 days ago. Our short-term target is the 1D MA50 (blue trend-line) and a break below the 1D MA200 (orange trend-line) calls for further selling extension towards the 0.86000 Low. For as long as the long-term Bearish Megaphone pattern holds, the -0.382 Fib extension would be the Lower Low goal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
🍁USD/CAD Continuation of Declines 🍁🍁USD/CAD Continuation of Declines 🍁 Nearest strong support zone: around the fibo level of the 0.618 wave from the bottom to the local peak. 🍁 Nearest strong resistance zone: around the 0.382 level of the same wave. 🍁 Technical environment: - Moving averages: Downtrend - MACD: Downtrend - RSI: Downtrend 🍁 Price action: after yesterday's price rise near the recent current highs, we scored a very quick decline today due to the strengthening of the Canadian dollar. Looking at the dynamics of the downward movement, another attempt to attack north seems very unlikely. 🍁 The scenario I'm playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
14
🍁USD/CAD Ready For A Breakout🍁🍁USD/CAD Ready For A Breakout 🍁Looking at the strength with which the USD/CAD took off upwards today. 🍁I get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair. 🍁Looking at the 1D interval (lower right corner) We can see that we have approached the vicinity of a strong resistance zone determined by the 0.618 level of the entire downward wave. Where the price has repeatedly struggled to break upwards. 🍁Looking at price action and the technical environment. It looks like today's movements are not a coincidence and are aimed at breaking through the strong resistance that held the price for a month. 🍁The scenario I'm playing out is a continuation of the upside with the breakthrough of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
💵British Pound/Canadian Dollar 💵 Analyze (01/03/2023)!!!The British Pound/Canadian Dollar broke the support zone and is now completing the pullback. I expect the British Pound/Canadian Dollar will go down at least to the next support zone. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 4H⏰. 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
4
EURCAD looking for shortsEURCAD was rejected at 1.4610, and the supply zone was also around this level. Local support at 1.4357 prevented the price from falling further, perhaps looking for more liquidity. We might see a retest of the resistance level at 1.4610, printing a double top pattern with a divergence on RSI or MACD. Then, we have to wait for the local support at 1.4357 to break to confirm a strong down move aiming for 1.400. If the price does not react to the level of resistance at 1.4610, then the scenario is to move long in order to target the cross of the two yearly trendlines and the 200-week moving average. The fall down from there will definitely be harder! ---------------------- 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!
Short
by Candlestick_OB
2