GBPCAD Potential DownsidesHey Traders. In today’s trading session we are monitoring GBPCAD for a selling opportunity around 1.71300 zone, GBPCAD was trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.71 i will be watching a potential retrace of the trend towards more lows.
CAD
EURCAD: Your Trading Plan 🇪🇺🇨🇦
EURCAD is trading within a wide horizontal trading range on a daily.
The price tested its upper boundary yesterday.
We see a strong bearish reaction to that.
Pay attention to the support of the range - the underlined green area.
If bears manage to close below that, it will be a strong bearish signal.
A bearish continuation will be expected to 1.4512 then.
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USDCAD Potential DownsidesHey Traders, in today’s trading session we are monitoring USDCAD for a selling opportunity around 1.36000 zone, USDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36000 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 0.87300 zone, AUDCAD was trading in a downtrend and successfully managed to break it out, currently we are waiting for a protection in order to see a potential retrace of the trend from 0.87300 support and resistance zone.
Trade safe, Joe.
Gcad could be starting to go higher after this pullback...
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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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USDCAD - Trend-Following Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline.
Moreover, the zone 1.365 is a strong resistance.
🏹 So the highlighted red 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 USDCAD approaches the red 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
🔥 NEW: USDCAD 🔥 SHORT 🔥RESISTANCE @ 1.3573
SLO @ 1.3570 ⏳
TP1 @ 1.3485
TP2 @ 1.3305
TP3 @ 1.3175
TP4 @ 1.2975
SUPPORT @ 1.2925
BLO @ 1.2810 ⏳
— PA on this pair has been insane
— ALL three of our TPs were triggered, but ironically it retraced so hard that it returned higher than TP1
— Well, it's time to get paid for the second time.
— Here's a new SLO
CADJPY Two scenarios but sell opportunity more closely.The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0 Fibonacci extension at 114.775.
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EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47300 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.47300 support and resistance area.
Trade safe, Joe.
CADCHF LONG/ BUY🔰 Pair Name : CAD/CHF
🔰 Time Frame : 4H/ DAILY
🔰 Scale Type : MID Scale
🔰 Direction : Long/ Buy
📈 Comprehensive Fundamental and Technical Analysis Update 📊📉
Over an extended time frame, the prevailing price action underscores a consistent consolidation pattern, confined within the well-defined range of 0.6480 to 0.6610. Our perspective remains firmly inclined toward a bullish trajectory, in alignment with the unwavering determination of the Federal Reserve to execute a series of deliberate interest rate hikes. This strategic approach seeks to effectively counteract impending inflationary pressures, with heightened emphasis on the latter half of 2023. Anticipating a notably robust performance from the Canadian Dollar (CAD), contrasted by the comparatively subdued Swiss Franc (CHF), it is imperative to maintain vigilant awareness of potential interventions that the Swiss National Bank (SNB) might introduce, potentially influencing the dynamic behavior of CHF.
🛢️ Noteworthy is the imminent conclusion of the oil price retest phase, positioning it for a forthcoming upward trajectory. This element introduces an additional layer of complexity to our analysis. However, it remains pivotal to acknowledge the lingering potential for SNB intervention, which retains its significance in shaping the CHF landscape.
🔍 Elaborating on our recent correspondence pertaining to the CAD/CHF pair, a discernible disparity has emerged, prominently depicted on the daily chart. This incongruity serves as a fundamental facet within the operational framework of a robust market, as historical precedent underscores the tendency for such divergences to eventually reconcile, consequently fostering the accumulation of liquidity within the market environment.
Prudent and judicious decision-making should be exercised in your trading pursuits! 📈📉👍
AUDCAD Lower High rebound expected within the Channel UpThe AUDCAD pair followed our prediction on the last analysis we made a month ago (see chart below) and hit two targets on the way to the bottom of the long-term Channel Down:
The price is now on the 2nd straight green 1D candle after a flat Friday, which was most likely the bottom reversal of the Channel Down. As the 1D RSI hit the bottom of its Rectangle pattern as well, we treat this as a strong buy opportunity on the medium-term, targeting not just the 1D MA50 (blue trend-line) but also the Internal Lower Highs trend-line. Our target is 0.89000, but will book the profit earlier if the 1D RSI approaches the top of its Rectangle before that price target.
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NZDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.80300 zone, NZDCAD was trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
CAD/CHF is Correcting 2!Hello Traders
Our technical view has been shown in the chart.
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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.)
Trade report of 21-8The news from the beginning of this week:
The dollar is still considered the pillar of the post-war world monetary order. The Brics, who meet in South Africa next week, believe the currency gives the US disproportionate power.
The European economy has not entered a recession. In the second quarter, the combined gross domestic product (GDP) of the twenty countries whose currency is the euro grew by 0.3% compared to the first quarter. This is evident from the latest figures from the European statistical office Eurostat.
Onze acties:
EURGBP : the pair moves in a channel. At the moment the rating system is still called these scores: total score -3, Cot Data 0, Retail sentiment 0, Seasonality 1, Trend reading -2, GDP Growth 1, Inflation -1, Unemployment -1, Interest Rates -1.
We have placed a buy with 0.85925 with a target of 0.86570.
USDCAD : Our rating system gives a nice score and on a weekly basis there is also more in this. Score +6 when adding the following data Cot Data 0, Retail sentiment 1, Seasonality 1, Trend reading 2, GDP Growth 1, Inflation -1, Unemployment 1, Interest Rates 1. We put a buy at 1.35695 with sl at 1.35225.