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Canadiandollar

CAD-JPY Key Levels Analysis! Buy! Hello,Traders! CAD-JPY has retested a key resistance level at 107.118 And is now going down and there is also a rising support present On the higher timeframes so it can not be see on this chart So we will first see how the pair interacts with the rising line And then if the price manages to break it We will see a retest of the support level at 103.803 From where I would be expecting a rebound and a move up Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
3
USDCAD Sell below the 1D MA50. Buy on Higher Low.The USDCAD pair has been trading within a 1 year Channel Up pattern as we've mentioned on our last analysis in early June: As you see, the rebound on the Channel's Higher Lows (bottom) trend-line worked perfectly as a buy entry and hit our Higher High target in short time. The price is now on a pull-back after the Higher Highs (broke above but still closed within the Channel Up) rejection and is testing the 1D MA50 (blue trend-line), which is holding as Support since June 10. A break below that level will be a short-term sell towards the inner Higher Lows zone (green shape) where we can enter a new buy just below the 0.236 Fibonacci retracement level. Long-term target = 1.21370 or the 1.1 Fib (1.31980) as a new Higher High. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
GBPCAD: Classic Bearish Continuation 🇬🇧🇨🇦 As you remember, traders, we were very bearish biased on GBPCAD last week. Now it's time for an update! The pair is currently trading within a falling parallel channel. Reaching its resistance, the price formed a double top formation and broke its neckline then. I believe that the pair will drop to 1.54 / 1.5366 levels soon. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
Today’s Notable Sentiment ShiftsCAD/BoC – The Bank of Canada raised rates by 100 basis points at its July meeting, its single biggest hike in 24 years. Furthermore, the central bank said more hikes would be needed. Commenting on their decision, BoC Governor Macklem said: “We had indicated we were prepared to be more forceful. Today was more forceful…Yes, it is a very unusual move to increase by 100 basis points at one decision and that really reflects the very unusual, exceptional circumstances that we find ourselves in.” NZD/RBNZ – The New Zealand dollar failed to get a lift on Wednesday after the RBNZ hiked rates by 50 basis points as expected and mostly stuck by its commitment to continue tightening policy “at pace”. Commenting on the meeting and future outlook, Capital Economics stated: “The committee acknowledged that clouds are appearing on the horizon. Our view remains that the ongoing housing downturn will weigh heavily on residential investment and constrain household spending, ultimately forcing the bank to stop hiking once the policy rate reaches 3.5% by year-end.”
by thunderpips
1
Today’s Notable Sentiment ShiftsCAD – The Canadian dollar weakened on Tuesday as oil prices tumbled. Still, losses for the currency were limited by growing expectations for an oversized interest rate hike this week by the Bank of Canada. Commenting on CAD, Adam Button – chief currency analyst at ForexLive, stated: “There’s a reluctance to sell the loonie ahead of a Bank of Canada decision. A three-quarter-point hike is widely priced in but that could also be coupled with hints at further large hikes.”
by thunderpips
CADJPY Trading plan based on simple break-outs.The CADJPY pair has been consolidating within a Triangle pattern since the June 08 High and basically supported by the 1D MA50 (blue trend-line) since early March. The 1W MACD is close to a Bearish Cross and with the 1D RSI practically neutral, the pattern draws similarities with the peak formation of June 2021. That sequence eventually broke below and turned the 1D MA50 into a Resistance, before marginally breaking below the Support. Currently the new Support is at 98.100 and this is best traded on break-outs. A break below the 1D MA50 again, will be a sell, aimed at 98.100 and quite possibly contact the 1D MA200 (orange trend-line). On the other hand, a break above the 107.100 High, will be a buy signal, targeting the -0.5 Fibonacci extension around 111.500. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
AUDCAD Testing the 1 year Support Zone!The AUDCAD pair dropped sharply yesterday, negating the gains of the past 5 days combined. In doing so, it touched again the Lower Lows zone trend-line that started after the July 30 2021 Low and has been supporting with rebounds ever since. With the 1W RSI well within its own Buy Zone since July 01, this is a solid buy opportunity at least on the short-term towards the 1D MA50 (blue trend-line). A break above can see a buying extension to the 1D MA200 (orange trend-line). Long-term buy positions can only be taken after a weekly candle closing above the 1D MA200. On the other hand, a break below the Lower Lows can be taken advantage with a sell hedge short-term, targeting the -0.5 Fibonacci extension. Previous AUDCAD signal: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
EURCAD approaching the bottom of its Channel Down.The EURCAD pair has been trading within a Channel Down pattern since September 2021 Triple Top. Such Double/ Triple Top Resistances are important as even in the one time the price broke above the pattern, it got rejected (February 07) on the Resistance of the previous High (Double Top), which also happened to be where the 1D MA200 (orange trend-line) was. On the short-term, we can buy and target the 0.5 Fibonacci retracement level (around 1.33800). Only a break above the previous (Lower) High (1.37200) can turn the long-term trend around. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1