A Deep Dive into the Unexpected Resilience of the CAD In a landscape marked by economic uncertainty, the Canadian dollar has defied the odds, exhibiting remarkable resilience. This unexpected strength is a result of a complex interplay of factors, including the Federal Reserve's monetary policy, market dynamics, and global commodity trends. The Federal...
I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...
Had a great breakout of the falling wedge that I called out in an earlier idea (I missed the trade as it happened sooner than I expected), but now I believe we'll fall back from resistance (we can see some rejection on the daily) before confirming the trend change higher. No real fundamentals for this, pure price action.
We saw another rejection from a long standing descending dynamic trendline on Friday, I'm expecting a fall from here back down to support around 1.4275. Will be closely watching action around the 1.435 mark, but overall we're printing HH's and HL's on the higher timeframes (although still within a range), let's see what happens but I think we're definitely headed...
After successive trades to liquidity target, the market seems to have lost its Bearish momentum for a bit. This has seen the market take out our zone in a bid to turning Bullish. For now, we are on a middle course. With the 1 hour reversing Bullish while the 4 hour maintains its Bearish momentum, it is difficult to say whichi direction the market would go for...
-SL @ 0.9945 🚫 SLO @ 0.9866 ⏳ TP4 @ 0.9800 (closing ALL Buy Orders) TP3 @ 0.9625 (shaving 25%) TP2 @ 0.9340 (shaving 25%) TP1 @ 0.9150 (shaving 25%) BSO @ 0.8890 ⏳ -SL @ 0.8800 🚫
Waiting for a break to enter. But I’m expecting a strong dollar.
✅GBP_CAD broke out of the narrowing wedge Which made me bullish on the pair And the price is now retesting the broken Resistance line which became a support So I think that we will see a rebound And a retest of the breakout high above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The Canadian dollar is in the consolidation phase its very possible point of reversal as this zone is already be tested and respected many times. I am expecting the start of a new big side trend as you see divergence on the MACD indicator as well its sign of losing strength.
CADJPY has broken the support trendline prior to the JPY Leading economic index data, which is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. Technically the pair has broken the support trendline near the resistance trendline, and the RSI is pointing to downside.
At the moment the bears are dropping price, and the bulls are watching to the effect a a new lower low. ---- I still am bullish on CAD, but I'd like to see some support come into play, otherwise, it's on the next one.
Disclaimer: this is an idea, trade off it at your own risk USD CAD has just made a false breakout and has made a strong move up and broke out of the 4H trend, it has also reached above the 200 EMA line. We should be waiting for the retracement as it approaches the 50% - 61% fib area and look for the perfect buy in that zone (140 - 260 PIPS in Profit) Then we...
#USDCAD: Price is constantly making new lows within the falling wedge. Expectations are for price to go further down. For now rallies should be used to get into shorts with a target of 1.2525. A close above 1.2760 will negate the bearish bias
I think AUDCAD is dropping and I set my first target at 0.94300 I will update you later Now tell me what you think Agree 👍 or disagree 👎?
I think AUDCAD is dropping and I set my first target at 0.94300 I will update you later Now tell me what you think Agree 👍 or disagree 👎?
BUY opportunity on USDCAD valid through 2-4-2021
AUDCAD's next move looks downward. Take Profits: 1:0.95300 2:0.94300 3:0.92450 Let me know what you think of my idea. Have a great profitable trading week.