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Loonie

CAD/CHF LONG TO 7700!Canadian swiss franc has two major horizontal levels. Price action looks like it might break horizontal level upwards and range between 7300-7700. It's had a very nice bullish run this week, however, it is important to wait for the daily candle to close above the horizontal resistance. RSI has reset and still has more room to move upwards. It also broke the curve line and retested it. Nice crossover on the stoch as well. buy and lets aim for 7725.00. Ideas always welcome. Let me know what you everyone thinks.
Long
by minthooka
3
USDCAD WEEKLY OUTLOOKHi everyone: USDCAD has been on my watch for quiet some time now. WE can tell the daily chart is way over extended without a proper pullback/correction. In order for it to continue to drop, it must pullback and form another lower high to continue downward. In the next few weeks, expect a bullish pullback to around 1.2900 level, then we are all going to enter a short position for a long term. I will be interesting in a bullish pullback, but main focus is the short once price action form a lower high on daily. Keep an eye on any potential long trade this week or next. Thank you for your support and feedback.
by jojofang0901
All eyes on the "loonie" (USDCAD)Earlier Fractology published its bullish view on USDCAD. We were wrong to expect an upside move that soon. As of now, Fractology does not change its bullish analysis and we keep on looking for buying opportunities. On the chart above there is a chance of forming an expanding ending diagonal which has no other choice but to resolve up. Secondly, any chart rejects the possibility of a price moving in a straight line without a decent correction. Therefore the lower the pair comes the higher we expect a retracement. Fractology recommends having a look at NZDCAD which has a similar setup and might surge up this week.
Long
by AleksandrLombrozo
1
LONG AUDCAD - Aussie Dollar pumping ironLong AUDCAD: Aussie Dollar is looking strong everywhere even against its highly correlated cousins the Kiwi and the Loonie. With AUDNZD already being risk free and half profit booked we can consider this opportunity, the measured target comes in just below the trend line, no doubt a trap for many technical traders. An incomplete bullish sequence means I am only interested in trading this higher, the trend here is clearly higher and that move higher appears to be incomplete so I am looking to buy at the bottom of the current pullback.
Long
by WaveRidr
2