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Loonie

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 EW4X
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
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