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Loonie

Canadian dollar index - Reinforcement expectedHi guy, the "Loonie" aka Canadian dollar is near a strong support weekly. This support is an ascending trendline which might announce a strong rebound of the Canadian dollar. Possible scenarios: USDCAD: USD on a resistance and CAD on a support = Short on USDCAD EURCAD: Downtrend continuation expected on the pair GBPCAD: Downtrend continuation expected on the pair NZDCAD: Bearish. Come-back on 0.8700 expected¸ AUDCAD: Neutral CADJPY: Bullish
TVC:CXY
by Traderscope
USD/CAD (A Slow And Steady Grind)USDCAD With the return of USD. This pair is trying extra hard to break up the strong resistant of 1.29 level. Soon they shall succeed and the market shall rise further. The next tgt is around 1.31. Let's forward test. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Long
by SonicDeejay
Loonie got cornered and about to explode UPCanadian dollar is one of a few major currencies which is strong (thanks to crude that has been pushing it up). It broke from its bearish channel in 2004 and turned bullish. It restested twice the old resistance which now became a support. And now we are about to start a long drive up which will last for months. Just for a few days CAD will be going down before the major swing to the skies...Looks for sells in xxxcad pairs and buys in cadxxx pairs next months.
TVC:CXYLong
by ICFX
USD/CAD (*1.2870 is a tough Nut but it can break)USD/CAD 1.2870 is a tough nut to break but soon it shall get broken. It is like the invaders trying to break the city gate. For now, the bulls do not seem to get enough energy to break just yet. So, wait for a right move and I am expecting it shall rise up higher soon or later break out from 1.285. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Long
by SonicDeejay
Loonie to see profit here? Ichimoku- Long trade idea for USD/CADThis pair had a nice bullish breakout after being stuck in consolidation for a short time. I am looking for a slight drawback to around the 1.2744 level to look for a chance to enter a buy, if support holds there. I am targeting 1.2800 as my TP level, which coincides with a previous strong area of support/resistance. If our bullish confirmations change to bearish or if support doesn't hold at my entry level, this setup may become invalidated.
Long
by The808Trader
USD/CAD (*USD can slide)It is kinda late to enter the short as you might be taking tons of risk. The best place to short is 1.286 region BUt USD "MIGHT" drop lower as far as technical landscape as concerned. TP is 1.26 or lower. Frame it well. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
USD/CAD (* A potential RUN UP, to unfold)We are seeing the recent sell down is over and there will be a potential run-up in this pair. It is better to look for a bull set up, you too can try other pairs such as GBP/CAD, AUD/CAD with the same bullish direction. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
USD/CAD - Bearish Minor C - End of CorrectionUSD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips. Previous Articles: USD/CAD (dollar/loonie) - Elliott Wave - Long Term Forecast - BUY & SELL USD/CAD-Dollar/Loonie – Bearish Break-Out – Intermediate (C) Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip. Intermediate (Y) (red) is expected to complete along with Minot C (red). Minor B (red) Technicals: 61.8% Fibonacci Retracements of Minor A (red) 100% Fibonacci Extensions of Minutes w&x (purple) 150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange) Decreasing volumes pointing towards an upcoming Bearish Divergence As you can see, the Fibs are aligning for a possible Bearish outcome. USD/CAD - SELL Positions: Moderate Entry @ 1.3100 with SL @ 1.3400 Conservative Entry @ 1.3330 with SL @ 1.3600 Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600 Many pips ahead!
Short
by Lionheart-EWA
3
Long live the loonieThe CAD has been rallying in the bast couple of weeks last week it finally broke the 1.3 level and stayed above it for to close off the week at 1.309 today started off with what looks like profit taking, but the market did not push the currency further down beyond the 1.3 mark, an indication that the market believes the loonie still has some steam on it the upward trend looks to be a strong one, you can see a wide angle between the 9 period MA and 21 period MA Next stop for the loonie is 1.32, if it breaks this level the next resistance level would be at 1.35 if the trend slows down and reverses, an important support will be 1.29 and the next support level is 1.264
Long
by SampersandR
AUDCAD 4H Chart: Reaches support clusterThe Australian Dollar has been trading in a channel up against the Canadian Dollar since early December 2017.  The currency pair bounced off the lower boundary of an ascending channel on December 6 and has since rallied against the Loonie. The inability for the Aussie to make a new move downwards indicate that the pair might continue to surge. The AUD/CAD has reached a support cluster set by the monthly PP and the weekly PP with the combination of the 100-, and 200-hour SMAs near 0.9919. If this support cluster holds, the exchange rate could make a U-turn north to test the upper boundary of a junior pattern, where the monthly R2 is located.
Long
by UnknownUnicorn890690
USD/CAD *Nice Run We Had.Now we are in retracement prone area of 1.2780. It may swing back a lil bit first. So, you gotta chill. It shall go higher back to 1.286 regions again. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
by SonicDeejay
USD/CAD (21/2/18) *it can go UP another 100 pips!So, did you follow our previous analysis? NOw it may be lil toppish with 1.2680 level, but sooner or later it will go 1.278 soon. Stays with BULL and be alert! Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
by SonicDeejay
USD/CAD remain relatively calmThe USD/CAD pair made some miraculous movement upside after the US data release on Wednesday. However, the surge was unable to hold due to the weakness of the US Dollar. After hitting the 50.00% Fibonacci retracement level, the exchange rate has been gradually moving upwards, although this movement might be strengthened by the monthly PP at 1.2496. This retracement can be measured with the low at 1.2254 and the high at 1.2689.  Everything being equal, the currency pair could remain relatively calm during the following trading session.
Long
by UnknownUnicorn890690
2 possible scenarios for the LoonieScenario A (Blue): This is a big 3 wave correction for weekly move up. We completed the C wave and we are on the way to go and break the trend line. Scenario B (Red): This is a bearish 5 wave trend and we are in the pull back to possibly 61.8% of Fib for completing the 4th wave. My idea is the scenario A is more likely to be correct, because: 1- The 4th wave already entered in the area of wave 1 and base on Elliot wave theory this should'n happen. 2- The whole current structure is looks like a Contracting Triangle flag in a weekly uptrend. 3- We are expecting a bullish wave for USD in other charts soon (look at my USDJPY idea). In either scenarios, we have a move up first and about 680 pips to reach the decision point. I will update this idea once I found a buy setup
by Forexian