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Canadiandollar

CADJPY is perhaps the best sell signal long-term.The CADJPY pair has broken marginally below its 1W MA200 (orange trend-line) in recent weeks and turned sideways. This took place on the latest 1W MA50 (blue trend-line) rejection on January 13 2025. As long as the market remains below it, the long-term trend-line will be bearish. The current 1W MA200 consolidation is in fact similar to what followed after the last major long-term rejection in December 2014. As you can see on the chart, we are on similar trading patterns as August - September 2015. Even the 1W RSI sequences among the two fractals are identical, starting off strong Bearish Divergencies that basically were an early signal for the 2015 - 2016 sell-off and possibly now the 2025 - 2026 sell-off. As a result, we are bearish on this pair, expecting a 85.000 Target on high probabilities and a 2nd at 75.000 on lower, which is the 14-year Support Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
USDCAD Selling not over yet.Last time we looked at the USDCAD pair (March 21, see chart below), we got the most optimal sell entry that easily hit our 1.4000 Target: As the price broke below its 1D MA200 (orange trend-line) having made a significant correction since the February 03 High, we believe there is more selling to be made at least on the short-term. That is because the Higher Lows Zone that started on the May 2021 market bottom, hasn't yet been tested and since December 2023, the market always broke inside it before rebounding. As a result, we expect a new rejection on the 1D MA200, delivering a 1.38200 Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
After a huge move, USD/CAD may be due to reboundUSD/CAD has strengthened significantly over the past few days as markets have been shaken by President Trump’s new trade war with Canada and the rest of the world. That said, USD/CAD may be due for a pause in its recent rally and could consolidate somewhat, having reached some key technical indicators and support levels. The loonie’s relative strength index fell to 29, while USD/CAD dropped below the lower Bollinger Band at CA$1.387. This magnitude of movement suggests that USD/CAD is currently oversold and may be due for either a short-term rebound or a period of sideways consolidation. The pair could also bounce back towards resistance at CA$1.416 or the 20-day moving average at CA$1.421. However, if USD/CAD breaks support at CA$1.3870, it could signal that further strengthening lies ahead, with the potential to drop towards CA$1.359, which served as an important area of support and resistance between December 2023 and October 2024. USD/CAD could continue strengthening against the dollar; the greenback has weakened versus multiple currencies, and any pause in the dollar’s current downtrend may be short-lived, due to possible massive deleveraging out of the US and capital flow back to their nations of origin. Still, after such a significant move, USD/CAD seems potentially due for at least a short-term period of consolidation before the uptrend resumes. Written by Michael J Kramer, founder of Mott Capital Management Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
by cmcmarkets
AUDCAD Excellent Channel Down bottom opportunity.The AUDCAD pair has been trading within a long-term Channel Down since the January 26 2023 High and the recent Trade War fueled sell-off took the price almost on its bottom (Lower Lows trend-line). The 1D RSI got vastly oversold at 14.00 and a bottom is to be expected within the next 2 weeks. Still, this level is low enough to be considered a solid long-term buy opportunity already. The previous bottom rebound targeted initially the 0.5 Fibonacci retracement level, so our target is 0.88850 on the medium-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURCAD Buy signal on 2023 fractal.It's been too long since we last looked on the EURCAD pair (November 29 2024, see chart below) but it delivered nonetheless our 1.500 Target: Thit time the price is consolidating after a strong February rally and posts a similar pattern to October 2022 - January 2023. The 1D RSI sequences between those fractals are identical and it is not technically unreasonable to expect again the bullish trend to be resumed and target the 1.382 Fibonacci extension at 1.62500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Market Analysis: USD/CAD DipsMarket Analysis: USD/CAD Dips USD/CAD declined and now consolidates below the 1.4350 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.4415 resistance. - There was a break below a major bullish trend line USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.4420 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.4415 and recently declined below the 1.4350 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.4310. There was a break below a major bullish trend line with support at 1.4310. The bulls are now active near the 1.4300 level. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.4415 swing high to the 1.4288 low. If there is a fresh increase, the pair could face resistance near the 1.4330 level. The next key resistance on the USD/CAD chart is near the 1.4350 level and the 50% Fib retracement level of the downward move from the 1.4415 swing high to the 1.4288 low. If there is an upside break above 1.4350, the pair could rise toward the 1.4400 resistance. The next major resistance is near the 1.4415 zone, above which it could rise steadily toward the 1.4450 resistance zone. Immediate support is near the 1.4290 level. The first major support is near 1.4260. A close below the 1.4260 level might trigger a strong decline. In the stated case, USD/CAD might test 1.4240. Any more losses may possibly open the doors for a drop toward the 1.4400 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
USDCAD Channel Down aiming for the 1D MA200.The USDCAD pair has been trading within a Channel Down and is currently around the 1D MA50 (blue trend-line) following its latest Lower High formation. If the current Bearish Leg is as strong as the previous one, we can expect the price to hit at least the 1D MA200 (orange trend-line) at 1.4000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USD/CAD - Harmonic Patterns and Momentum IndicatorsTechnical Analysis of USD/CAD - Harmonic Patterns and Momentum Indicators Overview: The USD/CAD chart illustrates price action on the hourly timeframe, incorporating harmonic patterns, Fibonacci retracements, and momentum indicators to identify potential reversal and continuation points. The presence of a Crab harmonic pattern suggests a critical turning point, while momentum oscillators provide additional confirmation. **Harmonic Pattern Analysis:** 1. A **Crab harmonic pattern** is evident, with the price reaching the terminal point at approximately **1.44627**. 2. The **XA and BC Fibonacci extensions** align with key retracement levels, reinforcing the likelihood of a reversal at this zone. 3. The price has **rejected the high point**, indicating potential exhaustion of bullish momentum. **Support and Resistance Levels:** - **HOP (Harmonic Optimal Point):** **1.44627** - The potential completion zone of the Crab pattern. - **XA Retracement:** **1.43968** - A key structural support level. - **BC Level:** **1.43721** - A secondary support level for price continuation. - **T2 (Target 2):** **1.42596** - A potential downside target if bearish momentum continues. **Momentum Indicators:** - **Stochastic RSI & Relative Strength Index (RSI):** - The **Stochastic RSI** shows a recent overbought condition, followed by a decline, indicating potential bearish momentum. - The **RSI also exhibits bearish divergence**, where price made a higher high while RSI formed a lower high, suggesting weakening bullish strength. **Market Sentiment & Potential Trade Opportunities:** - Given the rejection at **1.44627**, a **short position** could be considered if confirmation of further downside emerges. - A break below **1.43968** could reinforce the bearish bias, with **1.42596** as a potential target. - However, if the price finds support and rebounds, a bullish continuation could be anticipated, requiring further validation. **Conclusion:** The **Crab harmonic pattern, overbought momentum indicators, and Fibonacci confluence suggest a possible bearish reversal**. Traders should monitor **key support levels and momentum shifts** to determine whether the bearish scenario plays out or if buyers regain control. Risk management and confirmation signals are crucial before entering a trade.
Short
by BeaucoupPips
USD/CAD Market Analysis: Potential Reversal from Resistance ZoneThe USD/CAD pair on the 15-minute timeframe is showing signs of a potential bearish reversal. The price has been in an uptrend, forming higher highs and higher lows while respecting a diagonal support trendline. However, it has now approached a key resistance zone around 1.43575, as marked by the M15 supply area. The current price action suggests a rejection from this resistance, with wicks indicating selling pressure. If the price breaks below the ascending trendline, a further decline towards the 1.42794 support level is likely. The risk-to-reward setup favours short positions if confirmation of a bearish structure shift occurs. Traders should monitor price action closely for a trendline break or a strong bearish engulfing candle to confirm the sell-off.
Short
by BeaucoupPips
GBPCAD INTRADAY uptrend continuation supported at 1.8100The GBPCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 1.8100 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back from the 1.8100 level could target the upside resistance at 1.8165 followed by the 1.8186 and 1.8230 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.8100 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.8067 support level followed by 1.8030. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EURCAD INTRADAY Uptrend breakout supported at 1.5030The EURCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 1.0530 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back from the 1.0530 level could target the upside resistance at 1.5080 followed by the 1.5093 and 1.5122 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.5030 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.5013 support level followed by 1.4974. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
CAD/JPY: Potential Reversal as Buyers Step InCAD/JPY has shown signs of exhaustion in its bearish momentum after completing a deep Bat harmonic pattern. The pair has reached a key Fibonacci extension zone, where price action suggests a possible reversal. Bullish interest is evident with price stabilising near the 105.50 level, supported by oversold conditions on momentum indicators. If buyers sustain pressure, a corrective move towards 106.50 and potentially 107.18 could unfold. Confirmation through a breakout of local resistance would further validate a bullish recovery scenario.
Long
by BeaucoupPips
Trump reshaping Canada’s election and Loonie Six weeks ago, a Conservative victory in the next Canadian election seemed inevitable. Now, that certainty is fading. Conservative leader Pierre Poilievre's support from the American right, including Elon Musk, is becoming a potential liability as Canada faces an unprecedented challenge: the U.S. president openly questioning its viability as a nation, threatening tariffs, and even suggesting annexation. A recent Nanos poll shows 39.6% of Canadians see new Liberal leader Mark Carney as the most qualified to negotiate with Trump, compared to 26% for Poilievre. This uncertainty may be weighing on the Canadian dollar. USDCAD broke lower last week, falling below key support (1.4260 - 1.4466), signaling a shift toward sellers. However, the 1-hour chart shows a minor upward trendline defining the current pullback.
by BlackBull_Markets
USDCAD Oversold bounce incoming.USDCAD is trading inside a Channel Up. February's price action has so far been a strong rejection of the price near the Channel Up top with the price dropping even below the MA50 (1d). This is very similar to the last Channel Up Top on October 13th 2022, which first dropped to the 0.5 Fibonacci level and then bounced to the 0.236. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.44750 (the 0.236 Fib). Tips: 1. The RSI (4h) is almost oversold, which also favors buying. In fact it got rejected and currently is on the exact same levels it did in September - October 2022. Please like, follow and comment!!
Long
by TradingBrokersView
AUDCAD: Bearish Cross kickstarting a decline.AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURCAD: has bottomed and turned bullish.EURCAD is on a neutral 1D technical outlook (RSI = 45.274, MACD = -0.003, ADX = 32.435) as it rebounded on the bottom of the inner Channel Up, a pattern inside the 1 year Channel Up. If the price crosses over the 1D MA50, it validates the extension of this bullish wave. In that case, the trade will be long, aiming at a symmetric +2.90% increase (TP = 1.51500) like the previous wave. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope