GBPCAD Going Up | Buy opportunityHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURAUD
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CAD
AUDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring AUDCAD for a selling opportunity around 0.86300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86300 support and resistance area.
Trade safe, Joe.
Gcad downwards move,more likelyMore downwards move on Gcad. I have mentioned about Eurcad last week. This time right, I am seeing more weakness on Gcad.Let's see what happen next week
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Disclaimers:
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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
NZDCAD Potential DownsidesHey Traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.80600 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
UK and Canadian Inflation RatesOverview
UK and Canadian inflation rates will be released next week. These events could provide insight into whether the Bank of England(BOE) and the Bank of Canada(BOC) decide to raise rates further.
The Details
As things currently stand, the BOE will likely pause rates, and the BOC will raise rates again. This is in line with the current inflation figures.
Next week's inflation figures - Tuesday 17th for Canada and Wednesday 18th for the UK - may give more precise direction to what the BOE and BOC decide what to do next: hike, cut, or pause.
August's inflation figure for Canada was 4.00% and 6.70% for the UK.
Things to Consider:
If September's inflation figures are higher or the same as August's, this gives a greater chance of further rate hikes. Another rate hike from the BOC will likely strengthen the CAD. Another rate hike from the BOE will likely strengthen the GBP.
If September's figures are lower than August's, this gives a greater chance of the central banks holding rates and lowering rates in the near future. This will weaken the CAD and GBP.
Key CAD pairs could be FX:EURCAD FX:GBPCAD FX:AUDCAD
Key GBP pairs could be FX:GBPAUD FX:GBPCAD FX:GBPNZD
AUD/CADIt has touched the 3x both downwards and upwards! This could lead to a breakout! The exchange rate has been unable to move normally for many days now, they just keep jerking it around. Based on the news, I expect that this week they will pull it up, and we can finally stay above the weekly level, and then the rally can start! What is your opinion on this?
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36100 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36100 support and resistance area.
Trade safe, Joe.
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.87000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is in a correction phase in which it is approaching the trend at 0.870000 support and resistance area.
Trade safe, Joe.
NZDCAD - Strong Resistance Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the lower purple circle as it is the intersection of a horizontal support and lower red trendline.
Since then, NZDCAD has been trading higher and now approaching the upper trendline of the channel.
Moreover, the 0.825 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDCAD approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NzdCad could see a new trend heading up on dailyCould be starting a new trend upwards on daily. looking for pullbacks or opportunities for long
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If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Disclaimers:
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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Canadian Dollar strength driven by Oil pricesAs crude oil prices climb due to the geopolitical conflict, has resulted in the Canadian Dollar gaining strength.
With the prices testing the 1.36 price level, the idea was a bounce above the 23.60% fib retracement level could see a continuation to the upside.
However, with the DXY weakening, look for the USDCAD to break below the longer term fib retracement level of 61.8% to signal a continuation of the recent downtrend, with the next major support level at 1.34
NZDCAD This rise is a great opportunity to sellThe NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke:
As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed the 1D MA200 (orange trend-line) but there is some probability that since we have Diverging Lower Lows (dashed) we may see a Diverging Lower Highs trend-line emerge. In any case, with the 1D RSI the closest to the 70.00 overbought barrier since July 14 and the last Lower High, the Risk/ Reward favors shorting, with our targeting being at 0.78515 (-5.20% decline as the last two, contacting the Diverging Lower Lows trend-line).
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CADCHF Pure Resistance - Support trade.The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is 0.64800.
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EURCAD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.44100 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
CADCHF - Over 1000pips Banked. What Is Next?CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave.
We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence.
Trade idea:
- We are in subwave 1 (of wave 5)
- Watch for subwave 2 retracement
- price should not go above 0.683 = invalidation level
- Targets: 0.645 (300pips), 0.62 (550pips)
Goodluck and as always, trade safe!
See our previous CADCHF setups below:
Eurcad watching its key R it is testing now..Watching the level to break above or comeback down.
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!