Get started

CAD

EURCAD: Your Trading Plan For Today 🇪🇺🇨🇦 EURCAD is trading in a strong bearish trend. After the price set a new lower low lower close on a daily, it retraced to a key daily horizontal resistance. To short the pair with a confirmation, monitor a head and shoulders pattern on 1H t.f. Its neckline breakout - hourly candle close below 1.422 will confirm the strength of the sellers. A bearish continuation will be expected then to 1.418 level. Remember, that if the price sets a new higher high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
9
EURCAD: Support breakout, continuation following retest?We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target, however I think this won't put up too much of a fight and we'll be down around 1.375 soon.
Short
by Finchcliffe
USDCAD, Massive DIAMON-BOTTOM Breakout- and Continuation Setups!Hello There! Welcome to my new analysis about the USDCAD Forex Exchange Price-Action Rate on Several Timeframe Perspectives. The USCAD has shown up with this massive bounce in the structure after completing a very rate but substantial Diamon-Bottoming-Formation to reach out all of the initial target-zones already. Now, a big part of the consideration is if this price-action that has setup is likely to continue with the established dynamics and in this case I have found several factors that are answering this question. When considering the dynamics here the USDCAD has not yet reached the overbought conditions this means that the price-action still has room for continuation and expand a next wave-expansion of the target-projection onto the upper areas. Furthermore, the 4-hour timeframe perspective is confirming several continuation signs especially with the price-action bouncing several times within the ascending-trend-line as well as the 65-EMA. Furthermore, the price-action is forming a next continuation-diamond-formation here which is likely to lead to a massive bullish breakout once completed. Once the breakout has shown up this will lead to initial target-zones to breakout into new highs and into the upcoming ranges. Furthermore, on the global timeframe the USDCAD price-action is also forming a gigantic bull-flag-formation with the breakout to aim above the 1.44 area once it has been completed with the necessary momentum. The next times will be extremely determining here especially as the RSI has room for further growth and the price-action is about to form a major breakout. An further decrease within the U.S. CPI as well as a strengthening within the DXY is going to accelerate the breakout and volatility dynamics here. Because of the significance of the setups forming here the pair is kept on the watchlist and the dynamics to be re-evaluated with the formational structures in combination with the underlying analytics to move on with further assumptions once they have emerged. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
9
USDCAD: Testing the 4H MA200. Rejection ahead?USDCAD made a perfect rejection on our last signal exactly at the top of the twelve month Channel Up. You can see this at the bottom of the analysis. The price turned bullish however lately on the short term and the 4H timeframe (RSI = 60.972, MACD = 0.001, ADX = 26.230) as it rebounded at the bottom of the prevailing Channel Down that emerged. At the momemnt it is testing the 4H MA1200. As long as the the price is trading inside the Channel Down, this is a sell opportunity on a 2-3 week stretch (TP = 1.32500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
CADJPY: Cheeky Scalp 1:3 with tight SLWe can see CADJPY rejected off the ascending channel and horizontal resistance confluence. I think we'll retest following a bounce off the lower boundary, especially seeing how oil is doing and today's CAD data. I'm really mindful of the end of week BoJ news as I think this could cause some reversals based on recent BoJ fundamentals and historic moves to protect the currency in International markets, but there's time left this week and so picking up pips where I feel safe, ahead of the news.
Long
by Finchcliffe
GBPCAD will rise soonGBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy . EDUCATION so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading is th reacting process it can not project .so we have to see the price action on that fibo level before it makes an rejection USE your own risk management.
Short
by rasindu2003
1