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Loonie

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
CADJPY 4H Chart: Trading shortThe Canadian Dollar has extended its decline against other major currencies during the previous trading sessions. However, the decline can be observed notably in the CAD/JPY chart.  The Loonie is trading in a narrow channel against the Yen. The pair has re-tested the upper boundary of the junior channel. As for the near future, the currency exchange rate could be a false breakout upwards to test the weekly and the monthly resistance near 86.91. Meanwhile, the overall market sentiment remains bearish.
Short
by UnknownUnicorn890690
USD/CAD (26/1/18) *A Momentum Shift is spotted There are 2 things you need to know. 1. USDCAD's "overall trend" is still pointing to the downside. So it is obvious that "shorting" this pair still carry a better probability 2. We have a nice Bullish looking candle in D1, it proved that there is an "immediate" trend momentum shift. So, if you looking for a potential quick swing back, you can consider going Long with the great length of caution. Summary, this pair may swing back up to the previous resistant levels, as a typical pullback during downtrend. I expect, it can swing back up to 1.25 level. But you have to be quick. 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 (21/1/18) *Time for a swing back upCalling for USD/CAD long with be a kamikaze mission. But I do not care. I write what I see. In the long term, we are "surely" in de-dollarization phase but for the immediate term we may see the swing back in USD/CAD. One of the reason is due to the weakness of oil as well. Bearish Oil can be loosely translated to USD/CAD. Pls see arrows for the potential target. If you are not comfortable with going USD/CAD long, you can try long on GBP/CAD (or) AUD/CAD as well. 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 come is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
by SonicDeejay
USD/CAD (10/Jan/18) *Potential Swing Back is in PlayUSD/CAD was in "Sort of" oversold region after hitting eating up decent SL of the long. Now it is very like in the retracement mode. USD/CAD UP mean Oil can be down too. In the longer term, we are still in BEAR but it "may" be time for a decent swing back as there are many shortists piling up to get wacked. 1.2590 and 1.272 will be nice targets. 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 is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Long
by SonicDeejay
USDCAD Loonie ShortUSDCAD A.k.a The Loonie Has some Further Downside Potential. After the 160+ Pip move Last Friday on Strong CA Data and Weak US Data, We saw a huge sell off and a slight pullback. On the Hourly Timeframe we have a MA Cross and A Clean Break of the Trendline. I already have some Short Running and have now added to my positions hoping to achieve the Target 2 which also coincides with the -61.8% extension target and a key area of support at 1.2200. We Have US PPI Data Later This week. Will this Push the Loonie Down Further?? FX:USDCAD
Short
by ScholarGC
USDCAD Short From 38.2 Fibonacci RegionFX:USDCAD Massive Selloff in the Loonie from the Trading Range of 200 Pips following Positive Canadian Data and Weak USD GDP Fiqures. Price has Sold of Consistenly for 5 Days and could be due for a pullback. on an 1H Timeframe we have a cross of the Moving Averages to the Upside and a 4H Bullish Engulging Candle. Price is still however Stuck within a Channel pointed to the downside. If We can Break out of this Channel we could Take a short position from the Fib Level of 38.2%. This is also in Line with a Cross of the 72 Moving Average on the Daily Timeframe. Downside Targets of 1.2500 are Expected
Short
by ScholarGC
USD/CAD (13/12/17) *1.30 level is on sightWith FOMC rate decision is around the corner, we are expecting USD/CAD for a pop. It shall rise further, at least as an initial reaction. SO, going short is a big NO at the moment. It can reach 1.2996 easily. 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 is not responsible for any liabilities arsing on the result of your market involvement or individual trade activities.
by SonicDeejay
EURCAD Bears in controlTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair. EURCAD H4 Technical Outlook To open short positions for EURCAD, it is required: In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. Notes: Moderate downtrend has been established on this pair. Top of the watch list for 12/11/2017-12/20/2017. Risk Description: Once signal is confirmed 202 pips will be up for grab with small risk SL at swing high. Profit expectations: 2-3 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. Current Dynamic S/R Levels: Swing high: 1.52170 Swing Low: 1.50130
Short
by UnknownUnicorn1372988
USD/CAD (17/11/17) *This Baby is getting BullishUSD may be on the slide but seem like CAD is way weaker. DO NOT BEAR on this pair. Pls see the priojectiion line. It will use 1.265 as support region and shall go higher. 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 is not responsible for any liabilities arsing on the result of your market involvement or individual trade activities.
Long
by SonicDeejay