A technical resurgeThe loonie-yen pair price is making a comeback from the lower band of the ascending channel. The pricing is climbing back towards 82.00. Still upwards, 82.40 can be followed.
Loonie
Kiwi may take a turnThe kiwi is gaining against the loonie as oil prices fall over fears of a demand slump due to continued trade disputes between the US and China. As the New Zealand Dollar rise we might see a turn from 0.8510. In the following fall, 0.8430 and then 0.8400 can be watched.
CADJPY Might Attempt A Move Upwards To Around 84.000 Area!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
AUDCAD Might Attempt To Tackle 0.92000 Level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Loonie feeling oil's fallThe Canadian dollar continues to lose ground the its US counterpart as oil markets see dropping prices due to rising uncertainty around a potential US-China trade deal. The pair price is within range to strike 1.3300 in the vicinity of the 50 pct Fibo line.
LOONIE Likely To test 1.30600 After EMA 50 & Trendline Break Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Usdcad intraday trade planStrong loonie. Higher timeframe still points out the bearish sentiment and bearish continuation. Assuming some further dip.
Loonie's turnHaving reached the 38.2 Fibonacci retracement, the pair price is facing resistance there. As such the Canadian dollar might take the technical advantage and bring the price down to 1.4650 and then 1.4630.
USDCAD Long Position.This is my first time trading this pair i will be playing my tricks on this. But for my knowledge this is a long for me.
If you have the same idea as me. You can Go long with me.
Buy the rumors sell the news. Real life example AUSSI VS LOONIEAfter last week's elections, relatively strong domestic data and perceptions of stable (or even stimulating) fiscal policies were sufficient to keep the doves in the bay for BOC and I assume loonie was performing well throughout months because this thing was already known by smart players. Most of the position was well placed in the loonie side for months by smart traders and was a " buy the rumors " case for market (hoping for steady monetary policy from the bank and rumors around buying in optimistic of BOC) and now when the actual date central bank had announced which also ended up being steady, no cut, no dovish and as expected! but market just turned opposite for the pair or we can say any pairs which have loonie as counter or base acted just opposite against the loonie and ended up being " sell the news " (even knowing it was steady release, no cut, no dovish now everything has already been priced in, juice sucked up so profit-booking by closing of position creating back new fresh demand in another side and doesn't matter what was released and what only matter was to sell on news). Priced reached in such a level where everyone fears to hold longer and where smart people thought good place to book the profit which creating good demand and is indeed in a demand level where nothing can stop from rising upward rather than falling back deep. Aussie has been doing well lately along with the EURUSD and GBPUSD and has a high potential for trending upward talking about the longer time horizon (which we can evaluate from AUDUSD performance). Oil future seems not well too and if loonie is really done, for now, juice has been sucked up months before then a pullback of this downtrend is what not a surprising thing which we may see in future days.
CADJPY Pullback?It seems exhausted and testing a minor supply zone of a higher timeframe. It doesn't seem favorable to call at the point for an Intra or swing perspective. May have some pullback if those big boys are happy about to book their half profit from last week long. No matter what the outcome be tonight for BOC but I assume everything has been priced in well at this point and price may work differently even if its positive release for loonie technically seems exhausted bull. What you all think to share you thought on loonie too if you had.
Potential turn from the upper sideCanadian dollar continues its now week-long rise ahead of the BoC monetary policy meeting. In technical terms, the increase might face strong resistance at 0.7635 and then 0.7645. A return however from the current pricing should take us down to 0.7600 and then 0.7575.
Kinda smelling bear over here?!Brexit uncertainty spirals back after the Bojo sad defeat on his plan. October 31 will be extended for a small-time period seem so and PM Johnson can blame the opposition for mucking up the schedule . The EU is in no hurry. Is it 10 days or 3 months? Who knows. Break below the horizontal trendline of the descending triangle should only consider the future bearish movement in price.
GBPCAD mid term ideaSigns of a no-deal Brexit rising and/or stable government outcome from the Canadian should bring GBPCAD on bear side for the short term at least. In that case, a break below monthly pivot r2 may be some case which we may see in the near future.
ORBEX:GBPUSD, EURUSD, USDCAD - Exit Or Extension? Trudeau Wins!In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD!
Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain.
Meanwhile, in Canada Trudeau won the elections again! This is likely to weigh on technicals more as fiscals are going to remain unchanged..
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDCAD looks good.(Golden FIB level Rejected)as you can see from the chart,everything clicks in just right. currently holding.
