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Canadiandollar

InvestMate|USD/CAD Ready For New Local Highs🍁🍁USD/CAD Ready For New Local Highs 🍁As I wrote yesterday I expect the upward movement to continue: 🍁There was a beautiful realisation of my upward scenario today. 🍁We found local resistance at 0.618 of the entire downward wave. 🍁Looking at another attempt to break through this level and the dynamics of the candles the breakthrough looks very likely. 🍁Looking at the fact that we are above both 50 and 200 moving averages and the MACD and RSI are generating further upward signals, I have no doubts about the continuation of the upward movement. 🍁The nearest resistance zone is the level of 0.786 of the entire downward wave from the last peak. There may be some reaction there. 🍁The support zone is around the 0.5 level of the same wave 🍁The main target set in the previous post remains unchanged 🍁The scenario I am playing out is a continuation of the upward trend. 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
5
💵U.S.Dollar/Canadian Dollar 💵Analyze (12/16/2022)!!!The U.S.Dollar/Canadian Dollar made a Descending Broadening Wedge and broke the upper line of it. I expect U.S.Dollar/Canadian will go up at least until the resistance zone. 🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) Timeframe 2H⏰. 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.
Long
by pejman_zwin
1
USDCAD Resistance test and then Sell.The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above its 1D MA50 (blue trend-line) and based on the fractal, as long as it stays above the 1D MA50, it will approach the 1.39860 High. A Double Top there, will confirm all previous three sequences which got rejected on their previous High and hit at least the 1D MA200 (orange trend-line). The max extension on that pull-back is the 0.786 Fibonacci retracement level. Notice how the RSI Higher Lows trend-line offers Support and the best buy entry in the past 12 months. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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
CADJPY , SHORT Resault: 600 pips✅As you can see in the chart, due to the weakness in the decline and the reaction to the support level , I expect an upward correction first, and then I will update the analysis if there is a reaction to the resistance level . 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?
by Hamiratrading
1
InvestMate|USD/CAD Not Giving Up🍁🍁USD/CAD Not Giving Up 🍁The scenario since my last post remains unchanged: 🍁Looking at the behaviour of the USD/CAD price in recent days. 🍁We could call it indecisiveness mixed with a desire to continue upwards. 🍁Following yesterday's 50 basis point interest rate hike in the US, investors in the market resumed the strengthening of the US dollar. 🍁Given that there is no sign of a continuation of the trajectory of interest rate rises ahead. I was surprised to see such a sharp reaction of dollar strengthening. 🍁But in the case of the pair, the main ingredient for the increases is the weak Canadian dollar in recent months. 🍁Looking at the fact that we are above the 50 and 200 period moving average and the MACD and RSI are presenting very bullish signals I have no doubts about the price direction. 🍁The upside scenario remains unchanged, I expect the uptrend to continue. 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
8
🍁USD/CAD Continued Increases Ahead🍁USD/CAD Continued Increases Ahead. 🍁Post is a direct continuation of the last post: 🍁Nothing has changed on the chart. 🍁The price is still struggling at the 0.618 level to break out above this resistance. 🍁I still think that the way to the resistance zone remains open and we will see further upside within a few weeks. 🍁The scenario I am playing out is a continuation of the upside to the resistance zone. 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
9
💷GBP/CAD Get Ready For It💷GBP/CAD Get Ready For It 💷Everything looks like GBP/CAD has no intention of making a correction any time soon. 💷 There is a resistance zone ahead which I believe will be broken through. 💷 If this happens the way will be opened to the strongest resistance zone ahead. 💷The first resistance zone was determined by two fibo levels. The first is 0.618 of the entire downward wave from the 2008 peak to the 2022 bottom. The second level is 0.382 of the entire downward wave from the 2015 peak to the 2022 bottom. 💷The second stronger resistance zone was determined by a cluster of up to three levels. The first level is 0.786 of the entire downward wave from the 2018 peak to the 2022 bottom. The second level is 0.5 of the entire downward wave from the 2015 peak to the 2022 bottom. The third level is 0.236 of the entire downward wave from the 1998 peak to the 2010 bottom. 💷The support zone is around the 0.5 level of the entire downward wave from the 2018 peak to the 2022 bottom. 💷The scenario I'm playing out is a continuation of the upside with a breakout of the first resistance zone and then a continuation of the upside to the second. 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
6
InvestMate|AUD/CAD Heading North🦘🦘AUD/CAD Heading North 🦘AUD/CAD In recent weeks it is not giving up and is pushing from a new peak to an ever higher high. 🦘I think the scenario will repeat itself and within the next few days we will see ourselves at the resistance zone marked on the chart. 🦘I have determined it based on two fibo levels. The first is the 0.5 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.382 level of the entire upward wave from the covid bottom to the 2021 peak. 🦘The nearest support zone was determined by a cluster of two fibo levels. The first is the 0.382 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.382 level of the entire downward wave from the 2012 peak to the 2020 bottom. 🦘The scenario I'm playing out is a continuation of the breakout with the direction at the new peaks finally reaching the resistance zone where I will watch how the price will react. 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
13
USDCAD needs timehello dear friends! usdcad chart was on a strong downtrend and recently tried higher high after all those lower high and lower low, for confirming the reversal pattern and looking for long orders we need at least 1 more daily candle to close bullish. so for now just add it to your watch list and wait for the right moment. i decided do to analysis on any pair. so let me know in the comments section which pair would you like i'll do analysis and share with you guys. DON'T FORGET TO LIKE AND FOLLOW Thanks
by xau_pro
14
InvestMate|USD/CAD Still on the rise🍁🍁USD/CAD Still on the rise. 🍁That's as I wrote last time. USD/CAD in my opinion has really strong upside potential in the next few weeks. 🍁 Looking at how today's daily candle looks. It's not hard not to get the impression that green days are ahead. 🍁 All thanks to a bounce from a strong support zone and a retest. 🍁 The support zone was determined by a cluster of two fibo levels. The first is the 0.5 level of the entire downward wave from the 2016 peak to the 2021 bottom. The second is the 0.236 level of the entire upward wave from the 2007 bottom to the 2016 peak. 🍁 There is also a strong resistance zone defined above the recent peaks. It was determined by a cluster of two fibo levels. The first is the 0.786 level of the entire downward wave from the 2016 peak to the 2021 bottom. The second is the outer level of the 1.272 level of the entire downward wave from the 2009 peak to the 2011 bottom. 🍁This is where I expect a strong price reaction. 🍁The scenario I'm playing out is a continuation of the upside and a breakout to new highs. 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
10
CADJPY: Bearish Bias Remains🇨🇦🇯🇵 CADJPY is unstoppable. The pair broke multiple key levels and closed below a major demand cluster on a weekly. Now, the market looks quite oversold, though. I think that the next bearish move will initiate from 101.4 - 103.55 area. It is a potential reversal zone. Goals will be 2 rising trend lines that I spotted on a weekly. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
InvestMate|USD/CAD Opportunity for growth🍁🍁USD/CAD Opportunity for growth 🍁It's hard not to acknowledge the fact that USD/CAD has shown strength in recent days. 🍁 Breaking out of the support zone heading towards a strong resistance zone then making a correction. 🍁I still think we have a lot of space for upside. 🍁Turning to the chart. 🍁Looking at the breakout dynamics in the last few days and the strong selling interest in the Canadian dollar. It just confirms me in my upside scenario. 🍁 Particularly the 29th price move surprised investors by performing a whole 1.77% upside move measured from daily low to high. 🍁I determined the support zone based on a cluster of two fibo measures. The first is the level of 0.236 of the entire upward wave from the 2011 bottom to the 2016 peak. The second level is 0.618 of the entire downward wave from the 2002 peak to the 2007 bottom. 🍁 The resistance zone ahead was also determined by a cluster of two fibo levels. The first is 0.618 of the entire downward wave from the peak in 2016 to the bottom in 2021. The second level is the 0.5 level of the entire upward wave from the 1991 bottom to the 2002 peak. 🍁The scenario I am playing out on this pair is a continuation of the upside to the area around the resistance zone. Where I will watch to see how the price will react in order to predict the next movements. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
InvestMate|GBP/CAD Declines on the horizon💷💷GBP/CAD Declines on the horizon. 💷This time it's time for GBP/CAD which, in my opinion, gave us a clear signal today on the direction it wants to go in for the next few days. 💷Just look at today's downtrend candle which stands out from the rest in terms of size. And Everything becomes clear. 💷 As you can see, the price has just fallen to the fibo level of 0.786 of the entire upward wave from the 2010 bottom to the 2015 peak. I don't think it represents strong support looking at the dynamics with which we are moving. 💷 The key support will be the zone defined on the chart based on the cluster of two levels. The first level is the fibo level of the entire upward wave from the 1985 bottom to the 1998 peak and the second level is the 1976 bottom. 💷It will be really interesting to see how the price reacts in this support zone. 💷I determined the resistance zone based on the price levels that have provided resistance to the price in the past. 💷The scenario I am playing out is a continuation of the declines to the support zone where I will watch to see how the price will behave. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7
InvestMate|NZD/CAD Nearest resistance zone🍁🍁NZD/CAD Nearest resistance zone. 🍁In the current analysis I decided to try to find where the current upward impulse which started with the breakout of the bottom on 10 October, followed by a huge upward wave until now, might end. 🍁 To define a possible good place for a correction, I decided to use the external fibo measure which I led from the current peak to the low we made today. 🍁The nearest possible level is around the price level of 0.8397 where the external fibo measure of 1.272 is located. 🍁It is worth noting that we have again moved out of the uptrend channel, breaking out of it at the upside. 🍁The support zone I decided to determine based on the 0.236 level and you can also see that it was previously very respected. 🍁The scenario I am playing out is to squeeze the price to the resistance level on a wave of optimism. But I am aware of the possibility of a correction at any time, this should be taken into account for this pair, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
21
AUDCAD Close to change directionAlmost a month and a half ago, and the Australian dollar against the Canadian dollar is still on the rise. Will the trend change at the beginning of next week, or is there more rise for this pair? My point: It is an opportunity worth taking and risking (little risk) with a small contract and waiting two to three weeks. In your opinion, will the trend change in the coming days, or is there an opinion of the Australian dollar against the Canadian dollar? The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
Short
by zaidhatem
USDCAD 1D MA50 the key. Buy above, sell below.The USDCAD couldn't have confirmed our bearish view more than a month ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price is below its 1D MA50 (blue trend-line) inside a Channel Down. The minor rise since November 11, could do the most important medium-term test, the 1D MA50. A closing above the 1D MA50 will turn the pair bullish again targeting the 1.39860 High. As long as the price remains below it though, the strategy remains sell on such rebounds, targeting the 1D MA200 (orange trend-line), which should land within the 0.618 and 0.786 Fibonacci retracement level, which was where the Lows of October 21 2021 and January 13 2022 where made (previous divergencies). Notice that if the 1D MACD completed the Bullish Cross that has started to be formed today, this is consistent with all prior Higher Lows since May 2021 and will favor a bullish break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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
1
InvestMate|GBP/CAD Time for a correction?💷💷GBP/CAD Time for a correction? 💷Growth in the UK is clearly slowing down the latest economic growth readings for Q3 2022 showed a 0.2% contraction in the economy 💷 In Canada, on the other hand, we await for Q3 data which will be released on 29 November the market is also assuming a contraction of the economy from 0.8% to 0.4% here too 💷 Unemployment in the UK remains low. The latest figures, released on 15 November, put unemployment at 3.6%, up just 0.1% on last reading. 💷In Canada unemployment is 5.2% definitely higher than in the UK, the readings took place on 4 November. Next will be 2 December in which the market is already assuming further increases to levels of 5.4% 💷Inflation in the UK has beaten extremely pessimistic forecasts and at the readings that took place on 16 November we reached a new peak in inflation which is already 11.1%. This does not create the prospect of slowing down with interest rate rises. 💷 In Canada, inflation already peaked in July and has been falling steadily since then. We are currently awaiting the latest data which will be released on 21 November. The market is not assuming anything surprising and still regards the continuation of the downward trend as the basic scenario. Slowing inflation creates room for not-so-rapid interest rate rises in Canada. 💷UK interest rates at the last council meeting which took place on 3 November were raised to 3%, a jump of a full 75 basis points from 2.25% For the time being, there are no signs of slowing interest rate cuts in the UK. 💷 In Canada, interest rates are currently at 3.75 per cent and we will find out on 12 December what the next decision of the monetary policy council will be. Evidently, Canada has fared better than the UK in terms of inflation thanks to previous larger increases. 💷 At the moment Canadian Dollar is more expensive compared to the Pound. But the prospect of further interest rate rises in the UK and a cooling of hawkishness in Canada could bring a strong wave of appreciation of the Pound against the Canadian Dollar over the next few months 💷 Turning to the chart, we can see that the Pound has gained quite a lot against the Canadian Dollar in the last week without any significant corrections. Looking at the situation as a whole, it seems to me that a correction at this point, especially before further increases, would be advisable. 💷💷The best places for a correction for me are two support zones. The first is based on a cluster of fibo levels at 0.236 of the entire upward wave and 0.618 of the current upward wave, which has lasted since 4 November. 💷The second zone is around the 0.786 level of this wave plus the 1:1 level of the biggest downward correction in the whole upward wave since the determination of the new lows. 💷These are the two places I will be paying attention to. 💷Of course, the local resistance zone remains the peak from Friday. 💷The scenario I am playing out is a gradual descent of the price lower and lower taking into account the corrections along the way, then I will look to see what the situation is and to which support level the price will fall. In order to find a future turning point and a continuation of the uptrend 💷*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
1