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Caddollar

NZDCAD:🟢Buy Opportunity🟢 As you can see, the price swept the liquidity below the previous day's low and shifted the market structure. Now we can expect that the price move lower to collect the inducement and then move higher. We can define buy-side liquidity as the first target and the previous day's high as our final target. Please pay attention: We need LTF confirmation in this scenario. 💡Wait for the update! 🗓️27/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
5
USDCAD WEEKLY ANALYSIS Hello, traders here is an analysis of USDCAD as you can see the market has been neutral for the past weeks and months and now I am waiting for the market to decide on which direction it chooses. I have two decisions first, if the market decides to go up I will wait for It to break the resistance zone then retest it then I will look for buying opportunities, Second If the market chooses to go down I will wait for it to break the support zone then retest it then I will look for selling opportunities.
by dlaminisya
Canadian Dollar - CAD - pairs(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs. ------------------------------------------------------------------------------------------------------------------- After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term, +500 pt topside breakout, toward visible targets around the 1.3650s level. The well-formed, large bullish Wedge further suggests a potentially swift, upward price move. The USDCAD Daily;
by Nemo_Confidat
EURCAD: Support breakout, continuation following retest?We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target, however I think this won't put up too much of a fight and we'll be down around 1.375 soon.
Short
by Finchcliffe
GBPCAD MASSIVE BEARISH MOVE TO 1.40500GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the resistance zone or the point of 1.68400 before it sells massively, we still have time for that to happen. I will keep you updated on this. Meanwhile, i will love the support I have been having, I appreciate a lot. For me to feel more happy a share and a follow will be appreciated. Have a nice week. Thank you.
Short
by Superstarsony_05
2
CADCHFI am eyeing USDCAD to sell again... (Will wait for a continuation signal before I enter) Currently in a buy from the bottom daily on cadchf. TP around 78.50 SL below Aug 15th daily low by 25 pips or so... Please trade with risk management as always. Ideas are Ideas not truths...keep your probabilities within range and dont overleverage. 90% of my trades work out in our favor...it is the ones trying to chase the money who lose! Let the market come to us as I always like to say :)
Long
by AschraM
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)
by moon333
0306-USDCAD USDCAD BoC is ready to release the interest rate decision and projection of future economic condition. USDCAD is obviously in uptrend channel, but it may have correction after BoC announcement, due to 1.3388~1.34 are relative resistance area that CAD may have momentum to pullback, in addition, DXY doesn't seem well after US trade balance data release. So, in my opinion, better consider short USDCAD after BoC announcement. Support: 1.3331 / 1.3357 Resistance: 1.3388 / 1.3418 Like if you trade, make Ideas or comments with me :D
Short
by KENJICHEN