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Loonie

NZD/CAD 1H Chart: Channel DownNZD/CAD 1H Chart: Channel Down The New Zealand Dollar is losing value against the Canadian Dollar in a short-term descending channel, which started to form after the Kiwi appreciated by 0.9% just in one trading session. In the beginning, the currency rate was moving quite sharply amid macroeconomic data releases and, for this reason, stayed indifferent towards barriers set up by various technical indicators. Monday’s trading session did not bring any notable changes, as the pair has easily slipped through the weekly PP and S1 as well as the 55-, 100- and 200-hour SMAs. Since the rate does not have any other barriers on its way, it might reach the bottom edge of the channel already by the end of this trading day. However, multiple technical indicators suggest that in the upcoming hours the pair will rather move horizontally along the above weekly S1 at 0.9326 and only then slide to the bottom.
by UnknownUnicorn890690
USDCADWe've had that all important rejection of the 1.25 level. I was being a pussy so i missed out on a few pips since the rejection. I missed my opportunity on it but I'll still be trading the 4HR breakout swings. We may see some ranging on this pair. The steeper it gets, the weaker. SO, before we see a long opportunity, UC will range for a few days and consolidate the position. The soaring Loonie has come to roost - you could say. Or We're seeing the take off of the American eagle. WHO KNOWS HA
Long
by LouisSugunaFX
CAD/JPY 1H Chart: Channel DownCAD/JPY 1H Chart: Channel Down The British Pound is trading against the Swiss Franc in a short-term pennant formation. The pattern represents the aftereffect of announcement of the UK Official Bank Rate and the subsequent Governor Carney’s speech last week. By the early morning, the currency exchange rate has practically reached the breakout point from the little symmetrical triangle, which represents the pennant. Despite the pressure exercised by the 200-hour SMA from the bottom, the pair is still expected to slide downwards. The overall length of the flag pole should be equal to 50-70 basis points, which basically coincides with the nearest combined support level set up by the weekly S1 at 1.2619 and the monthly PP at 1.2614. After this continuation pattern ceases to exist, the rate most likely is going to make a rebound and the Sterling will start to restore lost positions.
by UnknownUnicorn890690
WEEKLY OUTLOOK SHORT ON CADCHFHi traders: Almost 2 months ago I published my view on CADCHF long in the beginning of June that ended up having a 500 pips movement to the upside. Now, we could experiencing the downfall on CADCHF as it is currently sitting at historical key resistance area of 0.7700. On the daily chart we can see the price action broke out of the .7700, but quickly drop down afterwards, a potential false breakout. This week, we can confirm the bearish momentum on CADCHF by going to the intraday charts for a possible entry. I will be updaing this chart for any short entry on CADCHF. Thank you for your support and feedback.
Short
by jojofang0901
CAD/JPY 1H Chart: Channel DownCAD/JPY 1H Chart: Channel Down The Canadian Dollar is depreciating against the Japanese Yen in weekly descending channel, which started to form shortly after the currency exchange rate left the double top formation. By the moment, the channel has two confirmation points from the top and three from the bottom. The latest rebound happened after the currency pair slipped to the weekly S2 at 87.43. Since the channel has reached maturity, the rate might leave the formation already by the end of the day. However, the fact that during this whole week the pair was sliding along the 55-hour SMA, which neutralized multiple attempts to break to the top, suggests that a new rebound most likely is going to follow. Nevertheless, a release of a bunch of the Canadian macroeconomic data at 12:30 GMT might alter the above scenario and even accelerate the fall of the rate.
by UnknownUnicorn890690
CAD/CHF 4H Chart: Channel UpCAD/CHF 4H Chart: Channel Up The Canadian Dollar is appreciating against the Swiss Franc in the medium-term ascending channel. The pattern started to form shortly after the currency exchange rate left a descending triangle pattern and started to move in a new uptrend. For the moment, the channel is made from four confirmation points, which means that it has fully formed. But the fact that this formation took almost a month suggests that the upcoming dissolution might also take several weeks. In the short-run, the pair is expected to bounce off from a combined support level set up by the 55-hour SMA, the lower trend-line and the 100-hour SMA. t should be noted that both technical indicators have been moving along the pattern’s bottom edge and more than once forced the Loonie to make a rebound.
by UnknownUnicorn890690
USDCAD BUY THE PULLBACKHi everyone: MY last USDCAD trade post did not execute due to no breakout of the wedge. Today, we are seeing another opportunity on USDCAD Long. The price action has recently found support at key support area of 1.2500. Similar like my other post on GBPCAD, we are seeing some bearish momentum in the CAD and a pullback on the daily time frames are happening this week, On the 4 hr chart of USDCAD, a recent double bottoms and a breakout are all signaling a bullish momentum coming in. Entering at the higher low confirmation is a good idea for a daily pullback to 38.20% fib level. Thank you for your support and feedback.
Long
by jojofang0901
4
CAD/CHF LONG TO 7700!Canadian swiss franc has two major horizontal levels. Price action looks like it might break horizontal level upwards and range between 7300-7700. It's had a very nice bullish run this week, however, it is important to wait for the daily candle to close above the horizontal resistance. RSI has reset and still has more room to move upwards. It also broke the curve line and retested it. Nice crossover on the stoch as well. buy and lets aim for 7725.00. Ideas always welcome. Let me know what you everyone thinks.
Long
by minthooka
3