Get started

Loonie

CAD/JPY (28/9/17) *Potential +300 pips tradeWe have a nice interesting development in CAD/JPY. The PA is considered fairly bearish. It has a complete Bear body with awesome looking Pin/wick/shadow. The likely hood of going down is higher than ever now. I am standing with BEAR now, it has fine potential of getting up to 300 pips or more. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Short
by SonicDeejay
2
USD/CAD(6/10/17) *BULL still winsUSD is in the rampage right now, it might swing lil higher first to whip out Shorts' SL as much as possible. It can swing to 1.26 or 1.2660 level. Do not short at this moment. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
Long
by SonicDeejay
USDCAD short idea (H1/H4)Hello, All! CAD FX:USDCAD has been continuously strengthening versus USD since May 2017. The last major breakout of the previous support level of 1.233x occurred on 06 September. After that, the pair was moving inside the ascending triangle which is most likely to be the accumulation phase prior to the next major move. If indicated point 5 is reached, it will also make Wolfe wave formation a reality and will provide an interesting opportunity to go short. This setup was inspired by TomHall's original idea, many thanks for it! GL and nice profits!
Short
by OceanBlue
USD/CAD Daily Update (6/9/17) *Massive CAD weakness possibleWe will be having rate decision on CAD in few hours time. I am seeing massive Sell side of CAD is brewing. e.g. xxx/CAD shall rise further. There isn't much of Price Action to support but it can unfold to the bullish side of xxx/cad pair quickly. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
Long
by SonicDeejay
3
USD/CAD Daily Update (29/8/17) *Play other USD Pairs Now everyone hate USD. I think it "may" be priming for short covering rally. It may not be a start of uptrend but at least a possible swing back. I expect the region near 1.24 will be highly defended. If you have play weakness of USD, try looking other pairs.. not USD/CAD Possible Swing up from that level. Wait for it. IF you ever take any Long position, it will be considered Let's see and trade Safe. s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
by SonicDeejay
1
USD/CAD (Loonie Pair) Mid-Week Potential Trend Reversal For my 50th tradingview idea I've decided to make a special analysis on an old pair of mine and one of my old favs. USD/CAD has been in a long and strong downtrend after Oil news has been positive but the largest impact was made due to a interest rate hike for the first time in awhile. Now that the trend has lost some momentum and hit a major support zone that has been previously rejected. We can expect prices to rise if we breakout of this downward channel (could see a slight retrace). However if we reject this zone and stay in the channel I expect price to move down to the major support zone and then rise. It looks like some double bottom patterns are forming.
by nick.trader4
CAD/HKD 1H Chart: Channel UpCAD/HKD 1H Chart: Channel Up The Canadian Dollar is trading against the Hong Kong Dollar in a two week long ascending channel that started to form after the currency rate left a preceding ascending channel. This pattern is not usual, as it consists of many reaction highs and only one reaction low. The reason behind such distinctiveness is attributed to a strength exercised by the 55- and 100-hour SMAs or a combination of them both. To put differently, five day in a row these technical indicators do not let the pair to slip to the bottom. This means the exchange rate is going to soar at least until the weekly R1 at 6.2592, which might force the pair make a rebound. However, as long as the above SMAs are moving together, it is doubtful that the pair will manage to cross them.
by UnknownUnicorn890690
cadjpy short Ascending Triangle This type of triangle chart pattern occurs when there is a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evident by the higher lows.It seems cadjpy is making a compression sell . its a good thing to wait until the price goes up around the supply area to enter short. sell limit order around 87.652 Stop loss : 88.070
Short
by Munzirmokhtar
USD/CAD down 1.09%Daily outlook - USD/CAD down 1.09% The USD/CAD currency exchange rate had a quite turbulent Wednesday, as the Greenback depreciated against the Loonie by 1.09% and, in the result, broke through the southern boundaries of a medium-term and short-term channels. To a large extent the downfall was caused by disappointing news coming from both the White House and Census Bureau. After finding support below the weekly S1 at 1.2625, the currency pair started a gradual recovery. Most likely, today traders will try to push the price back to the 1.2711 mark that represents a point, from which the drop has initially started. On the one hand, market sentiment has not practically changed since yesterday and remains 71% bullish. On the other hand, a summary of technical indicators for the 5H and 1D timeframes send clear sell signals.
by UnknownUnicorn890690
GBP/CAD 1H Chart: Channel DownGBP/CAD 1H Chart: Channel Down The British Pound is losing value against the Canadian Dollar in a two day long descending channel. The pattern was shaped by a reaction on release of information on the UK CPI and Average Earnings Index. At the moment, the currency pair struggles to pass through the support level set up by the weekly S3 at 1.6268. Generally, the rate is expected make a rebound and surge to the top for some short period of time. Firstly, because in the end of the previous trading session the pair made a second fully-fledged rebound from the bottom trend-line of the channel. Secondly, because a number of technical indicators point out that the currency rate is oversold. However, there is a need to take into account that release of data on the UK Retail Sales at 8:30 GMT, depending on the result, will either help the Pound to reach the pattern’s upper boundary for the third time, or it will accelerate the fall towards the monthly S1 at 1.6187.
by UnknownUnicorn890690
CAD/JPY 1H Chart: Channel UpCAD/JPY 1H Chart: Channel Up The Canadian Dollar is recovering against the Japanese Yen in a short-term ascending channel that formed in the result of a change of the one month long downtrend. At the moment, the pattern consists from two reaction lows and only one reaction high. Since there will be no significant macroeconomic data releases in the upcoming two days, the currency pair has a potential to surge to the weekly R1 located at the 87.43 level . On the other hand, the fact the pair has, practically, stuck for a day at the 200-hour SMA near 86.77 suggests that the channel might not sustain for long . This assumption is supported by the general market sentiment, which is 55% bearish . But in the meantime, a summary of various technical indicators continue to send a strong buy signal.
by UnknownUnicorn890690
USD/CAD finds support at 1.2674Daily outlook - USD/CAD finds support at 1.2674 In accordance with one of the scenarios expressed on Friday, the USD/CAD currency pair found support at the 1.2674 level. After spending some in a limbo between this support and a resistance set up by the updated weekly PP at 1.2689, it made an expected breakout to the top. However, now, when the markets a sleepy, the pair has stuck again between the 55-hour SMA from the top and the 100-hour SMA from the bottom. Market sentiment remains 72% bullish, an aggregate technical indicator also send a strong buy signal for the upcoming day. Such clues allow assuming that the pair will try to surge to the 1.2748 level that not only represents a point, from which the Friday downfall has started, but also the weekly R1. In case the pair will suddenly choose the opposite direction, the drop should be neutralized by the approaching 200-hour SMA.
by UnknownUnicorn890690
USDCAD LOOK FOR BEARISH CONTINUATIONHi everyone: My previous pullback long trade on USDCAD has given me 5:1 risk/reward ratio profit, and I exited the trade around 1.2720. Now the price action has pullback to 68.20%, and the bearish continuation can be happening this week. I am looking for some bearish price action to form, a bearish flag, or double tops to confirm the entry. Looking to target 1.2500 or the recent lows. I will be closely monitor the price action at the recent lows, as I believe USDCAD's high time frames are all bearish, and could really push down the price to a lower point of 1.2240 since June 2015. Thank you for your support and feedback. JoJo
Short
by jojofang0901
1
GBP/CAD 1H Chart: Channel UpGBP/CAD 1H Chart: Channel Up The British Pound is trading against the Canadian Dollar in a short-term ascending channel that formed in the result of a 78-pips appreciation of the Loonie three days ago. At the moment, it consists of two reaction highs and two reaction lows and, thus, might cease to exist already in the first half of the next week. After reaching the 1.6561 level, the currency rate made an expected rebound and started to slip towards a combined support level set up by the 55- and 100-hour SMAs, channel’s bottom trend-line and the weekly PP at 1.6519. Even though the pair proved to be relatively indifferent towards the above technical indicators, a rebound is still expected to happen. By the way, the pair might bounce off even earlier from the 200-hour SMA near 1.6533.
by UnknownUnicorn890690
USD/CAD Daily Update (11/8/17) (* Still Bullish)This pair has moved on the way that we expected. Nice run up we have. We are still bullish on the pair on the medium term. Currently, it is at the decent ranging zone. The pairs may retrace or is going side way, but overall it will still end up higher. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
Long
by SonicDeejay