CAD
CAD/CHF Sell Trade: Navigating Oil Dynamics and Safe HavensAlright, let's break down this CAD/CHF sell trade. 📉
First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. 📊
On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. 📈
Now, my eye's on two attractive targets: 0.65750 and 0.65000. 🎯🎯
Now, a bit of context: CAD's been on a rally lately, thanks to the surging oil demand. 🛢️ But, I've got a hunch that this momentum might not last much longer.
Why, you ask? Well, CAD's closely tied to oil, and with all the uncertainties in the world, the oil demand might waver. 🌍
And don't forget about the Swiss Franc - it's a safe haven currency, especially in turbulent times. Given the current global climate, I think it's gonna stay strong. 💪
No stop losses this time. I'm playing it cautious with small lots, about .01 for every 1000 USD.
Keep an eye out for updates! 🚀
An eventual target of 1.48?Watching for favorable setup to long.How about you?
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUDCAD: Descending triangle Squeeze - Exciting!!We're coming to the end of the long-term descending triangle.
I'm generally expecting some big shifts across the markets by the end of November, in terms of reversals and this is one pair hot on my radar.
I don't thin we'll break out for a few weeks, but I've got daily tabs on this, as coming to the end of the descending triangle with really solid support.
Cad is benefitting from oil prices which is being supported by the middle east crisis, Aussie has been down for most of the year so expecting a shift in sentiment here.
This is a good one to watch!
CADJPY: Short scalp next weekThinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho.
Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year.
I think this pair broke the rising trendline but has struggled to get back in on multiple retracement attempts, so I think we'll drop to catch the order block in the next week based on current PA.
USDCAD: Overbought Market & Pullback 🇺🇸🇨🇦
USDCAD looks exhausted to me.
After a strong bullish movement, the pair formed a rising wedge pattern.
The support of the wedge was broken with a bearish engulfing candle.
It is an important sign of strength of the sellers.
A retracement is expected to 1.3789 / 1.3768
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USDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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USDCAD: Bull Flag Breakout Targeting 1.13 Fibonacci ExtensionUSDCAD has broken out of a Bull Flag and will soon test the resistance of $1.3856. I think this resistance will break and that we will go up to the 0.886 retrace at $1.43, from there, we could sit sideways for a while before ultimately going for the measured move of this Bull Flag all the way up to the 1.13 Fibonacci Extension at $1.501
NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD
I still did my best and this is the most likely count for me at the moment.
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CADCHF BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADCHF
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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AUDCAD Best sell entry of the last 3 months!The AUDCAD pair is trading inside a Channel Down for the whole year.
Today it hit the 1day MA100 for the first time in 3 months.
After March 24th, all 1day MA100 tests have ended with huge price rejections.
The lowest bearish sequence has been -3.14% and the highest -4.68%.
Sell now and target 0.8515 (-3.14% decline).
Previous chart:
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EURCAD: One More Breakout Trade 🇪🇺🇨🇦
I spotted one more confirmed breakout.
EURCAD violated a key daily resistance.
On a retest of a broken structure, the price formed an ascending triangle formation
with a confirmed neckline violation.
I expect a further bullish continuation on the pair at least to 1.458
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USDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
CADCHF - Around The Lower Bound Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
After rejecting the 0.68 resistance, CADCHF traded lower and it is currently hovering around the lower bound of the range, and support 0.65.
on H1: Right Chart
For the bulls to take over, and activate our buy setup, we need a break above the last high in gray.
Meanwhile, CADCHF would be bearish and can still trade lower inside the green weekly support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCAD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EURCAD 1day MA50 break out. Buy.The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it.
This is a bullish extension signal towards at least the Falling Resistance.
Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise.
Buy now and target 1.46800 (Falling Resistance).
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CADCHF: Pullback From Key Level 🇨🇦🇨🇭
CADCHF is taking off from a solid horizontal daily support.
The price formed a double bottom formation on that on an hourly time frame.
Feels like the market is oversold and it is the moment for correction.
Bullish continuation is expected to 0.6535 / 0.6550
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USDCAD Bullish targeting a Higher High.The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High of nearly +4.58% similar to the previous one.
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