Loonie
USDCAD possible sell !!USD/CAD tested 1.3450 level two times in March but failed to sustain, reflecting a major resistance in this level. This pair currently using my purple line {which was support line} as a resistance line. The pair broke 0.382 fib level, downside 0.5 and 0.618 is target. So far on monday Canadian dollar seems much stronger after PMI and also BOC gov speech.. There is core durable news on usd tomorrow afternoon, so we can wait to see how this pair appreciate each other and look for another sniper entry point to sell like last week.
Reminder for myself and all the Traders: use the correct risk management , cut your losses, dont revenge your trade, analyse the chart/market before you take any trade, slow and steady, consistency, quality of your trades not quantity.. then only we will see some good results. bless !!
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
The Loonie may hold opportunity for a shortHigh alert. The Loonie on CADJPY could be heading for an about turn.
Spot the probable channel and trend switches on this 6H chart.
USD/CAD (Trying hard to Break the resistant)View On USD/CAD (15 Mar 2019)
Back Ground: We are at the resistant now and it is trying hard to push 1.343 to 1.345 region. It may succeed.
Target(s): 1.349, 1.3595.
SHTF: 1.32 should act as decent support.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
USD CAD SELL (US DOLLAR - CANADIAN DOLLAR)Hi there. Watch strong price action at the current price for sell.
USDCAD Bullish Because It Has Room to Rise Before it CrashesWe're all green for 5 to 90 day exponential moving averages, RSI and stochastic both signal we have room to go before a short. This was is a long, but not its a few day trade for a scalp so keep your eyes on your screen.
For more, check out www.anthonylaurence.wordpress.com
CADJPYTREND: DOWN(Continuation)
- WAIT FOR BREAKOUT
- WAIT FOR PULLBACK
- EXECUTE WITH SOLID CONFIRMATION
CADJPY, LOONIE Might Break The Channel to Test 84.3000 Vs YEN Once the channel breaks together with the daily 50 EMA, we can expect the price to go north and test the weekly 50 EMA which lies at 84.300 level. the blue line support is derived from the monthly charts and its a concrete support which has been rejected and the price shows it might climb up. For this to happen the channel must break.
This just represents my analysis of the pair, shall there be any updates in the future regarding trade entry i will post them in a new thread. cheers
GBP CAD SELL (POUND STERLING - CANADIAN DOLLAR)Hi there. Watch strong price action at the current price for sell.
USD/CAD Technical AnalysisUSD/CAD eases from 2-week tops. But This pair still struggling around 1.3420, below is support line 1.3390 and then to the March 13 and 15 high near 1.3370.
Weakness below the 1.3400 mark could get easily extended towards the 1.3370-65 intermediate support en-route the 1.3335-30 region.
Also we are expecting Dxy to go short. But wait for further confirmation during from begining of ny session. Good luck!! Enjoy the lovely weather Londoners ...)
uk.tradingview.com
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
USD/CAD (Southern Bound)View On USD/CAD (15 Mar 2019)
In mid/long term, USD/CAD shall go a lot lower but I do not really like the current price level.
That will be better if we can take short from level such as 1.35. That will be perfect.
Sooner or later, it shall go to 1.3261, 1.3229, 1.3166.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
AUDCAD - 11/3/19Currently at resistance level. However, it could still go up to test the bigger move. Either way, let's wait for more confirmations to sell.
USDCAD: Contrarian perspective. Loads of crowds are heading north on USDCAD. I don't follow crowds - sorry. In this screencast, I show my rationale for a contrarian perspective based on patterns in USDCAD (1D) and weakening in US-Dollar (1D) trend strength. I'm currently exploiting a 30 min time frame microtrend and willing to take a controlled loss (aka stop-loss), to limit how wrong I may be. I've focused on US-Dollar moves which is a limitation of this assessment.
There are no predictions here, as I operate without targets.
EUR CAD SELL (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
USD CAD SELL (US DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside.
We are already from the top. If you are not in, wait for the price to complete the continuation pattern that its forming on lower time frame and watch strong price action for sell.
EUR CAD SELL (EURO - CANADIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
GBP CAD SELL (POUND STERLING - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Loonie Potential BUY ?The USD/CAD pair gained nearly 100 pips in a matter of minutes after the data published by Statistics Canada revealed that the Canadian economy contracted 0.1% on a monthly basis in December.
The report showed that the real GDP's annual growth rate in the fourth quarter slumped to 0.4% from 2% in the third quarter and missed the market expectation of 1.2%.
And there was big drop of West Texas oil Prices.
Buyers can sit comfortably if the US Dollar index strengthens further and oil prices drop to the $50 area .
From my point of view trading this pair will be supported by fundamentals and the pair is set to retest the 1.34 range within the month of March >' '<
