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PKK to $17-18 in NovemberFollowing a rocky start after an uplisting and delisting from NASDAQ, PKK has been checking all the boxes in every other metric and has been hitting it's bull flag targets since the first run from 35 cents. Despite the pullback after losing the NASDAQ listing, we retraced only a little more than the historical 57% after every bull run and the hit we took after the de-listing ended up basically just printing another flag. Golden cross on daily two days ago as well as crossing over the 200MA on hourly timeframe since the beginning of the pullback and yesterday and today we are testing the top of the band with uplisting news expected today. Looking for $17-18 by end of November.
CSE:PKKLong
by Keeegs
1
Canadians trade Bitcoin within RRSP? Bull and Bear?Looks like all the Canadians stuck with toxic dollar=based high priced equity can buy in fake Bitcoin via ETF. Complete junk but highly tradable. For Bitcoin when the Bull is running (like now), BUY HBIT When the bear returns, switch to cash-is-trash or BITI to go bear on Bitcoin. Use the leverage. On this trading style we will be fairly agreesive since we prefer to be in cash since the legacy markets run on obsolete banksters hours and systems. Move to the new world of internet money. The truth. And until there is a true physically based backed Bitcoin ETF, trade this ETF scams. Heck a lot better than any mutual funds. THIS IS NOT FINANCIAL ADVICE - TRUST YOURSELF - VERIFY EVERTHING ELSE.
HLong
by UnknownUnicorn2413721
Canada's Largest Crypto Exchange bottomed at 65 cents USD????Just the charts.... Strong bottom at 65 cents on this penny stock stinker. BIGG should get uplisted to the big boards in Canada and in the US. I get a kick of finding small but very fast growing companies that sneak into the US via the OTC to then explode on the market via an uplilsting. Canada, it's also common to list on penny stock exchange CSE and uplist to the TSX. The charts are typically penny stock junk. The sooner they can move into the safer zones. It should be a leveraged Bitcoin play but they need to start bragging more about user growth. And stop silly thinks have having minimum XRP wallets! DUMB Marketing, they give you $10 free to open an account, convert to XRP and it's a dead wallet! XRP is nasty. So glad Layer 2 is coming to Bitcoin and Ether! Bye bye bad coinmasters!
OTC:BBKCFLong
by UnknownUnicorn2413721
Enbridge $57 TargetOne of the largest dividend payer on the TSX set to increase that dividend by the end of year/early 2022 They move 25% of nat gas in canada and us on top of solid portfolio of renewable assets Doesn't get more blue chip stock than this. I like to focus my portfolio on companies that are leaders in whatever field they operate in and have shown clear outperformance against peers and Enbridge fits that bill January calls with a 57/58 strike is how I am playing it.
TSX:ENBLong
by AthenaCapital
Price has reached to critical zone, highest level since 2018As oil and gasoline prices spike in the world, Canadian dollar is getting stronger again. Right now, as you can see on CAD/JPY chart , price has entered the critical zone again. This is the forth time since 2017 that price reaches to this zone. Price behavior is very important here. Will gas, oil and commodities help Canadian Dollar to get stronger , break the zone and goes back to its wonderful days on 2014-2016 ? On the other side, Justin Trudeaus government is facing with a massive deficit, highest inflation rate since 2003 and vast volume of money printing which have made Canadian Dollar weaker than ever. Will positive factor overcome negative factors?
by Farid_alfredo
Waiting for a buying opportunity with USDCADH4 time frame. Structure: Uptrend. The price broke the Key level, the previous downtrend. The price had a retracement move to the 61.8 Fibonacci zone and made a new bot then rose sharply to the current Key level 1.27000. Wait for price to break Key level again and get buy signal after retest with USDCAD. The profit target is the 1.2900-1.29500 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
by tradafx
Swing -> breakUSD/CAD defends 1.2600 amid downbeat oil prices, sluggish markets. USD/CAD holds onto the previous day’s recovery from a fortnight low while picking up bids to 1.2617 during Wednesday’s Asian session. => Moving on, US employment-related data and ISM Manufacturing PMI for August will be important for the near-term market direction ahead of Friday’s jobs report. + The USD/CAD currency pair tested the support level at 1.2581 during Monday's trading session. However, if the currency exchange rate fails to break the support level at 1.2575 - 1.2550, a brief pullback towards the 1.2650 or 1.2710 could be expected. This support line become crucial levels to watch, bears keep reins past 1.2550, odds of a further downturn towards July 30 lows near 1.2420 can’t be ruled out. + On the contrary, the corrective pullback will have to cross Friday’s top surrounding 1.2710 to convince buyers for another battle with a six-week-old horizontal resistance near 1.2810 and further away 1.2880.
by UK_LEE
Long-term The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.” The price has already retested support on an hourly basis, so there is every chance that the horse may have already bolted, (but buying at resistance is never a favourable strategy). Waiting for opportunities in good price. on a retest of the support structure 86.60 and 85.50-85.75 area, bulls can target the daily liquidity area near 88.20-88.45.
Long
by UK_LEE
1
USDCAD Sideways Trading PlanUSDCAD price is going sideways after it was rejected from the resistance level. ( check Daily timeframe ) But the price is now consolidating in the support area. We are looking for a breakout. Either up or down. 2 trading plans are in motion, waiting for confirmation. Manage your risk. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense, or other loss you may suffer arising out of such information or any reliance you may place upon such information.
by Phoenix-Rise-Trade
ridethepig | USDCAD Market Commentary 12.08.2021Looking for continuation to the downside here in USDCAD with an initial target of 1.230x, extended targets at 1.200x and stop loss at 1.260x. Also actively looking at deploying additional positions EURUSD, GBPUSD and USDSEK with the latent USD softness. This has potential for follow through in August. ↳ Technically we are approaching key resistance levels, with support already breached, the developments imply we are not oversold. here is a lot of room to attack below, expecting an accelerated move in the coming sessions/days.
Short
by ridethepig
6
EURGBP Trading DiverganceFOREXCOM:EURGBP EURGBP bearish run is getting exhausted, the RSI Indicator shows a bullish rally and also an uptrend on the weekly chart on the currency pair, which is against the price movement. EURGBP pair price is making lower lows ,while the RSI Indicator is making higher highs. OANDA:EURGBP EURGBP bullish run might extend to 0.87448. On the fundamental Analysis; GBP eco. news - Avg. Earning Index, Claimant Count Change, CPI (yoy) July, EUR eco. news - CPI (yoy) July, If the GBP News data is lesser than expected, the EURBP will be on a Bullish run. THANK YOU
Long
by GREDZHAKA
USDWTI H4 - Long SetupUSDWTI H4 A break short of $70/barrel would be quite significant in my eyes, threatening the break as we speak, but need to ideally see a solid H4 close below. Our H4 support region is trading marginally below that $70 whole number, but the 'zone' is still a decent support region. Just need to wait for price exhaustion, especially with a volatile pair like WTI. Not personally something I'm looking to trade this early on in the week, but worth updating the watchlist from yesterdays webinar.
FX_IDC:USDWTILong
by Trade_Simple_FX