Canadadollar
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7460). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.7515
TP2= @ 0.7560
TP3= @ 0.7610
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7460). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.7515
TP2= @ 0.7560
TP3= @ 0.7610
SL= Break below S2
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.63415). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 1.66000
TP2= @ 1.67700
TP3= @ 1.69700
SL= Break below S2
Don't miss the great buy opportunity in CADJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (80.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 61.
Take Profits:
TP1= @ 81.15
TP2= @ 82.05
TP3= @ 83.20
SL= Break below S2
TSX: Slow Decline; CDN Dollar To Rise Noticeably through 2020As we continue to slowly tip-toe in a global recession likely sometime in 2020, with a bear market in the stock market set to happen at anytime within the next year, the TSX will only follow suit. As always, nothing goes up and down in a linear straight line. There will always be fake outs for bulls and bears, but the overall trend of markets around the world will be in the decline - even if we re-test ATHs at some point.
The TSX. compared to the USA indice counterparts are typically delayed by 3-6 months from troughing out, and losses are typically muted somewhat (comparatively speaking).
As history takes us back to 2008, the USA typically sets the bar between Canada and the USA for cutting interest rates. Because the USA cuts rates typically 2-4 quarters before Canada, usually the DXY falls, while the CXY rises. I would not be surprised before the end of Q1 2020 if the Canadian Dollar is back near 90 cents US. By Q4 2020 or Q1 2021 the CXY may be back on par and potentially worth more (again, temporarily) before falling in 2022.
As I have said in many of my ideas: long gold, long silver and buy and hold weed stocks (for now) as they are a sector guaranteed to rebound in the near-term. Which ones do I recommend? CWEB, VGW and Planet 13 for direct players; ENW and GRWG for auxiliary players. Always choose your entries wisely and never chase break-outs; wait for pullbacks.
It is important to hedge accordingly. The overall market has overextended and I would refrain from investing in the big stocks in the Dow, SP500 and Nas100. Pick your entries accordingly and I recommend 50-60% of your portfolio should encompass gold and silver with an additional 20% in weed/weed auxiliaries and 20% held for any potential entries on stocks set to rebound or for shorting leveraged funds like the HUV and TVIX.
- zSplit
USD / CADDollar/Canadian Dollar
In pervious chart we expected a rising sub wave but with current dump symetric shape is completed probably we will see more dump in next six months
For confirmation we should see the price below 1.31
Any pullback to 1.3350 is a SELL position
We will update the chart in lower times in coming days
USDCAD - Back to Parity This is LONG TERM view on USDCAD.
I was waiting for Bat's PRZ re-test to publish this idea for USDCAD. Currently USDCAD is bumping the top line of the channel on chart. Once it fails and drops below TL this idea will be enabled for shorting.
Targets are:
TP1: 1.29
TP2: 1.22
TP3: 1.20.
I believe $1.20 for USDCAD is a CRITICAL level. Going below it will enable "Back to Parity" move but that will be a separate idea. We need to see how drop progresses before making that call.
CADUSD broke out the triangle but a strong resistance aheadThe price action was moving within a symmetrical triangle and after hitting the support it made double bottom at the support of triangle.
In the meanwhile the price line had also completed the formation of gartley and entered in potential reversal zone moreover the volume profile is also showing a very low interest of people to trade below that area.
The double bottom formation and potential reversal zone of gartley and low interest of people as per volume profile produced a powerful bull thrust so the price action broke out the resistance of the triangle.
Now the price action is moving up the trader's interest is too high between 0.382 to 0.618 fibonacci (upto $78.50), and above @78.50 can be a strong sell area coz.
The pivot resistance is above the strong sell area.
And we have a pivot point beneath the price action which can pull down the price action after hitting the area between 0.382 to 0.618 fibonacci of A to D leg of gartley.
But the final decision can be made when the price action will be entered in 0.382 to 0.618 fibonacci after that we need to see the movement of price action and all indicators if they will give bearish signals then we can sell.
Regards,
Atif Akbar (moon333)
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.5180 on 05/09/2019, so more losses to support(s) 1.5010, 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.5180 on 05/09/2019, so more losses to support(s) 1.5010, 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.344.
TP4: S2=1.341.
Set the stoploss of these orders at breakout of R2=1.3515.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3515.
In this situation, there is an expectation to reach the target R3=1.3585.
Set the stoploss of reverse orders at breakout of R1=1.35.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5153 on 04/16/2019, so more losses to support(s) 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5153 on 04/16/2019, so more losses to support(s) 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, resumption of uptrend is expected.
We make sure when the resistance at 0.9775 breaks.
If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 51.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.9380)
Ending of entry zone (0.9325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019.
Take Profits:
TP1 = @ 0.9490
TP2 = @ 0.9565
TP3 = @ 0.9665
TP4 = @ 0.9775
TP5 = @ 0.9915
TP6 = @ 1.0090
TP7 = @ 1.0350
TP8 = Free
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, resumption of uptrend is expected.
We make sure when the resistance at 0.9775 breaks.
If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 51.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.9380)
Ending of entry zone (0.9325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019.
Take Profits:
TP1 = @ 0.9490
TP2 = @ 0.9565
TP3 = @ 0.9665
TP4 = @ 0.9775
TP5 = @ 0.9915
TP6 = @ 1.0090
TP7 = @ 1.0350
TP8 = Free
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, resumption of uptrend is expected.
We make sure when the resistance at 0.9775 breaks.
If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 36 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.9475 on 02/27/2019, so more losses to support(s) 0.9380, 0.9325, 0.9270 and minimum to Major Support (0.9105) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 50.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.9380)
Ending of entry zone (0.9325)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Trade Setup:
We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019.
Take Profits:
TP1 = @ 0.9490
TP2 = @ 0.9565
TP3 = @ 0.9665
TP4 = @ 0.9775
TP5 = @ 0.9915
TP6 = @ 1.0090
TP7 = @ 1.0350
TP8 = Free
A trading opportunity to Buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5115 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the resistance #1 at 48 and it prevented price from more gains.
A peak is formed in daily chart at 1.5060 on 02/14/2019, so more losses to support(s) 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.4820 to 1.4750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @1.4915
TP2 = @1.5010
TP3 = @1.5115
TP4 = @1.5285
TP5 = @1.5450
TP6 = @1.5640
TP7 = @1.6150
TP8 = Free
A trading opportunity to Buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5115 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the resistance #1 at 48 and it prevented price from more gains.
A peak is formed in daily chart at 1.5060 on 02/14/2019, so more losses to support(s) 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.4820 to 1.4750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @1.4915
TP2 = @1.5010
TP3 = @1.5115
TP4 = @1.5285
TP5 = @1.5450
TP6 = @1.5640
TP7 = @1.6150
TP8 = Free
A trading opportunity to Sell in USDCADMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3170 would begin in Midterm.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.3050 on 11/02/2018, so more gains to resistance(s) 1.3225 and maximum to Sell Zone (1.3290 to 1.3385) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.3290 to 1.3385). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
Beginning of entry zone (1.3290)
Ending of entry zone (1.3385)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1 : @1.3225
TP2 : @1.3170
TP3 : @1.3080
TP4 : @1.2885
TP5 : @1.2805
TP6 : @1.2730
TP7 : @1.2565
TP8 : @1.2250
TP9 : @1.2060
TP10 : Free
USDCAD - LONG- R/S flip
- Tight Stop
*RSI broke support - possible fakeout // will watch this...
Take Profit - $1.336
