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Usd-cad

Could USD/CAD reverse from here?Price is rising towards the pivot and could could potentially reverse from this level to the pullback support. Pivot: 1.3709 1st Support: 1.3678 1st Resistance: 1.3725 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Heading into 61.8% Fibonacci resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 1.3684 1st Support: 1.3624 1st Resistance: 1.3705 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Could the Loonie rise from here?Price is currently on a support level which is an overlap support an could potentially rise from this level to our take profit. Entry: 1.3699 Why we like it: There is an overlap support level. Stop loss: 1.3665 Why we like it: There is a pullback support level which aligns with the 100% Fibonacci projection. Take profit: 1.3764 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 1.3701 1st Support: 1.3662 1st Resistance: 1.3765 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish drop?USD/CAD is rising towards a resistance level which is a pullback resistance and could potentially reverse to our take profit. Entry: 1.3781 Why we like it: There is a pullback resistance level. Stop loss: 1.3828 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci projection. Take profit: 1.3684 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Heading into pullback resistance, could it reverse from here?The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 1.3780 1st Support: 1.3684 1st Resistance: 1.3830 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USDCAD to continue in the upward move?USDCAD - 24h expiry The current move higher is expected to continue. Risk/Reward would be poor to call a buy from current levels. Short term RSI is moving higher. A move through 1.3750 will confirm the bullish momentum. The measured move target is 1.3780. We look to Buy at 1.3725 (stop at 1.3700) Our profit targets will be 1.3790 and 1.3810 Resistance: 1.3750 / 1.3775 / 1.3780 Support: 1.3725 / 1.3700 / 1.3675 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Bearish reversal off 50% Fibonacci resistance?The Loonie (USD/CAD) is rising towards the pivot and could potentially reverse to the pullback support. Pivot: 1.3735 1st Support: 1.3664 1st Resistance: 1.3781 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Sell USDCAD Breakout PatternThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.3708 2nd Support – 1.3670 Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
17
USD/CAD Faces Resistance at 1.3780, Potential Reversal in SightThe USD/CAD pair has reached the 1.3780 area of resistance, signaling a potential reversal. This comes in the wake of a robust Nonfarm Payrolls (NFP) report for May, which dispelled fears of a weakening labor market. The report indicated strong labor demand across all sectors and higher-than-expected wage growth. Market Dynamics 1. Strong NFP Report: The latest NFP data highlighted a resilient labor market, easing concerns about a slowdown. This strength in the labor market has influenced market expectations regarding the Federal Reserve's monetary policy. 2. Fed Rate Cut Expectations: Investors now anticipate that the Fed will cut interest rates once this year, likely in November or December. This outlook is shaping the market's response to recent economic data. Upcoming Economic Indicators To gain more insights into the Fed’s potential actions, investors are keenly awaiting the US Consumer Price Index (CPI) data for May and the Fed’s upcoming monetary policy announcement, both scheduled for Wednesday. These events are expected to provide further clarity on the interest rate outlook. Technical Analysis From a technical perspective, the USD/CAD pair is approaching a significant resistance level at 1.3780. The price action suggests a potential reversal as it encounters this resistance.n. in conclusion the USD/CAD pair is at a critical juncture, facing resistance at the 1.3780 level. The strong NFP report for May has bolstered the USD, but upcoming CPI data and the Fed’s monetary policy announcement will be crucial in determining the next move. From a technical standpoint, signs are pointing towards a potential reversal at this resistance level. Investors and traders should remain vigilant and look for clear reversal signals before making trading decisions.
Short
by FOREXN1
1
USD/CAD: Capitalizing on Soft CPI and Dovish Fed ExpectationsHello Traders, In today's trading session, we are closely monitoring USD/CAD for a potential selling opportunity around the 1.37200 zone. Recently, USD/CAD was trading in an uptrend but successfully broke out of this trend. Currently, it is in a correction phase and is approaching the key retrace area at the 1.37200 support and resistance zone. This level is crucial as it has historically served as a significant pivot point for price action. From a fundamental perspective, today's CPI data came in softer than expected, with a year-over-year increase of 3.3%, compared to the anticipated 3.4%. This lower-than-expected inflation reading suggests that inflationary pressures are not as strong as the market had anticipated. The softer CPI data has important implications for the Federal Reserve's policy stance. A lower inflation rate reduces the urgency for the Fed to tighten monetary policy aggressively. As a result, the likelihood of the Fed adopting a more dovish stance increases, which could involve maintaining or even easing current monetary policies. This dovish outlook would likely weaken the US dollar, creating a favorable environment for USD/CAD shorts. Additionally, this evening we have the FOMC meeting, where further insights into the Fed's monetary policy direction will be provided. The combination of today's soft CPI data and the FOMC's potential dovish tone strengthens the case for a bearish outlook on the US dollar. Given these fundamental factors, the 1.37200 zone becomes an attractive area to look for short positions in USD/CAD. A weaker dollar, driven by dovish Fed expectations, should support further downside for USD/CAD, making this level a strategic entry point for selling opportunities. Trade safely, Joe
Short
by JoeChampion
USD/CAD Edges Lower as Traders Eye Key US Economic DataUSD/CAD is trending lower during the Asian session on Wednesday, currently trading around 1.3750. This recent movement follows a notable reversal from the 1.3790 area, where technical indicators suggested a potential change in direction. Technical Analysis From a technical standpoint, the USD/CAD pair exhibited signs of overbought conditions around the 1.3790 mark, as indicated by the Relative Strength Index (RSI) on the H4 timeframe. A divergence was observed, signaling that the bullish momentum was weakening and a reversal was likely. The pair has since edged lower, reflecting these technical signals. Market Sentiment and Economic Data The market is now focused on upcoming US economic data releases, which are anticipated to inject significant volatility into the trading environment. The key events include the release of the Core Consumer Price Index (CPI) and the Federal Open Market Committee (FOMC) decision. Core CPI Data The Core CPI data, set to be released today, is a critical measure of inflation that excludes food and energy prices. This indicator is closely watched by traders and investors as it provides insights into underlying inflationary pressures within the US economy. Stronger-than-expected CPI figures could reinforce expectations of a hawkish stance from the Federal Reserve, potentially supporting the US Dollar and influencing the USD/CAD pair. FOMC Decision In addition to the inflation data, the FOMC decision is another pivotal event for the day. The Federal Reserve's policy statement and subsequent press conference will offer guidance on the central bank's outlook and future monetary policy actions. Market participants will be keenly observing any hints regarding the timing and extent of interest rate adjustments. The FOMC's tone and projections will be crucial in determining the next directional move for the USD/CAD pair. Anticipated Volatility Given the significance of these economic events, traders are preparing for heightened volatility. The Core CPI and FOMC decision are expected to provide the necessary catalyst for a potential continuation of the reversal observed in the USD/CAD pair. Depending on the outcomes, we could see significant movements as traders react to the data and adjust their positions accordingly. in conclusion USD/CAD is currently consolidating its recent losses around 1.3750, following a technical reversal from the 1.3790 area. The pair's future direction will likely be influenced by today's Core CPI release and the FOMC decision. Traders should be prepared for increased volatility and potential continuation of the bearish trend, especially if the economic data aligns with the technical indicators pointing towards a reversal.
Short
by FOREXN1
1
Falling towards 50% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could potentially bounce to the pullback resistance level. Pivot: 1.3735 1st Support: 1.3698 1st Resistance: 1.3780 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Could price reverse from here?USD/CAD is rising towards a resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could potentially reverse from this level to our take profit. Entry: 1.3781 Why we like it: There is a pullback resistance level which lines up with the 138.2% Fibonacci extension. Stop loss: 1.3829 Why we like it: There is a pullback resistance level. Take profit: 1.3735 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USD/CAD Correction before next upward rally(6/8/2024)USD/CAD FX:USDCAD has been trapped into a curve, we can see few back and forth movements since last month. Since the NFP data was quite good, we believe the price will move another wave upward after some corrections. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
Falling towards a pullback support, could it bounce from here?USD/CAD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 1.3590 Why we like it: There is a pullback support. Stop loss: 1.3563 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. Take profit: 1.3658 Why we like it: There is an overlap resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce off 61.8% Fibonacci support?The Loonie (USD/CAD) has bounced off the pivot and could potentially rise to the 1st resistance level which is a pullback resistance. Pivot: 1.3661 1st Support: 1.3615 1st Resistance: 1.3723 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Potential bearish drop?USD/CAD has just reacted off the resistance which is a pullback resistance and could potentially drop from this level to our take profit. Entry: 1.3734 Why we like it: There is resistance level which is a pullback resistance that aligns with the 76.4% Fibonacci projection. Stop loss: 1.3762 Why we like it: There a pullback resistance level which aligns with the 100% Fibonacci projection. Take profit: 1.3659 Why we like it: There is an overlap support level which lines up with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USDCAD Bearish trend intact. Not too late to sell.The USDCAD pair gave us a wonderful sell trade on our last analysis (April 17, see chart below) as we caught the exact moment of the rejection and reversal of the 4-month bullish trend: The price has now broken below not just the (dotted) Channel Up but closed below the 1D MA50 too, confirming the trend shift to bearish. As you can see on this 1W chart, the pair always declined more following a break below the 1D MA50 and the minimum drop it has has been -3.23%. As a result, our 1.34500 Target remains intact. A Bearish Cross on the 1W time-frame may confirm an even deeper drop. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Heading into 38.2% Fibonacci resistance?USD/CAD is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3664 Why we like it: There is an overlap resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.3694 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Take profit: 1.3615 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets