CAD
NZD CAD PotentialPotential for either Long or Short on NZD/CAD Pair.
- CAD news (unemployment numbers and rate decision) will affect trend of this.
- High chance of bounce from resistence area that has been tested about 4 times already.
- Will take 1-2 weeks to play out and find a direction.
CADJPY Bearish AnalysisCADJPY has reached a pretty decent structure level resistance
A double top has formed along with MACD divergence
On the fundamental side of things the oil numbers oversupply & weak oil prices should affect CAD
Anticipating some kind of bearish confirmation as a close below the neckline (dotted line) and moving average
EUR/CAD major resistance 1.4650, upside only on break aboveEUR/CAD hovers around the 1.46 handle, intraday bias lower.
Symmetric triangle pattern on 4 hourly charts. Pair was rejected at triangle top.
Techs support downside, RSI and Stochs biased lower.
Focus on final manufacturing PMIs in Euroland ahead of the speech by ECB’s E.Nowotny.
Major support levels - 1.4588 (4H 50-MA), 1.4555 (20-DMA), 1.4540 (triangle base).
Major resistance levels - 1.4634 (session high), 1.4650 (triangle top), 1.4672 (Aug 22 high).
Good to sell rallies around 1.4620, SL: 1.4660, TP: 1.4555/ 1.4540
NZDCAD Breakout setup.Nice, tight channel here on the 60. Just the way i likie em. Im expecting a breakout higher towards the upper boundary of the even larger channel in the play her. Possibly even a breakout from there as well, higher. Lets see how it unfolds. Enjoy
Well This Is Strange & Spooky(Do Like And Comment)nzdcad I have not seen anything like it before i am expecting a big drop after rejection from top resistance( supply zone )
Reasons are simple as hell major supply zone
market consolidation
showing signs of fall to bottom
Trade with care
Regards MJ
AUD/CAD struggles to close below 50-day MA, long dipsAUD/CAD finds major support by 50-DMA currently at 0.9830, pair struggles to close below.
Momentum for the pair has turned bullish. RSI is at 50 and biased north.
Stochs show bullish crossover from oversold territory.
Major support below 50-DMA lies at 0.9816 (38.2% Fib), we see weakness only on break below.
Upside finds major hurdle at 0.9905 (20-DMA), break above targets 0.9933 (23.6% Fib).
Good to go long on dips, SL: 0.98, TP: 0.99/ 0.9925
SHORT NZDCADMarket has tested 4 times at this resistance level but the bulls cant go through. great opportunity for a short position with great risk/reward ratio. Can open trade now near fibonacci .618 level with a stop loss near big resistance level or wait for a 5th test on that level. If it breaks the resistance level wait for a retracement to get in long.
USD/CAD Possible E WaveUSD/CAD is moving within an ascending Channel. I expect a last downmove to the support zone at 1.29950 and then an upmove to complet the E Wave. I'll enter my long Position after a breakout on a lower Timeframe.
Trade safe, Daniel
Likes and comments are appreciated and would keep me motivated
USDCADHello we see W Gartley Pattern long term and H&S so W Gartley made his first profit till 38.2 now have a potential to 61.8
EURCAD Breakout setuppretty self explanatory here. This exact pattern happened just recently on this chart and worked beautifully, as i've illustrated if u zoom out or scroll back. should be fun! Enjoy
#USDCAD possible short scenarioSimple pattern trade here for a possible short position on this pair.
Trade would be based on opening price action Sunday night.
R/R around 1:2 which fits my criteria.
Eurcad on support clusterGood Buy Opportunity from this support cluster
We can take entry with proper stop loss and take profit.
NZDCAD Strongly in short position There is a simple reason to short nzdcad that it is on strong resistance and also rejection from resistance,
We should wait for a nice pull back to short it, it has also generated short signal according to my knowledge and experience.
USDCAD on the rise?USDCAD is showing a classing 3P head and shoulders with a pre-breakout ride by the 20EMA
BULLS are here CADYENBuy on pull back or BUY now the bulls have finally come to play this yen pair is a little behind compared to the others
