Get started

Loonie

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
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