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EURCAD Daily still uptrend.This should be pullback to go higher? **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
CADJPY: Resuming the uptrendI'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous with a green candle, but generally signs look like we have upward momentum to me. I'm going to be careful around the previous high (109) and will likely TP to assess the situation, if we fail to break then I think we'll be heading down fast (I'm expecting JPY strength sometime soon)
Long
by Finchcliffe
3
MarketBreakdown | Dollar Index, USDCAD, US30 Index, GBPJPY Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Dollar Index (DXY) daily time frame 💲 After a test of a key daily structure resistance, we see a positive bearish reaction from that. It looks like the Index will keep retracing to lower levels. 2️⃣USDCAD daily time frame 🇺🇸🇨🇦 The market is currently approaching the neckline of an ascending triangle formation. Following the local weakness of a greenback, the pair may drop one more time from the underline horizontal line to a rising trend lien. 3️⃣ US30 Index weekly time frame The index reached a key weekly structure resistance. Strong rejection on a daily time frame signifies a local overbought state of the market. I will expect a pullback from the underlined level. 4️⃣ GBPJPY daily time frame 🇬🇧 🇯🇵 The pair successfully violated a key daily horizontal structure support. The broken structure turned into a resistance now. The market will most likely keep falling to lower levels soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
Keep it Easy: CadJpy Long can go to 135I have marked 3possible scenario Trade setups are all bullish if we break through the oivot,then I will buy immediately. This is the last pivot and cad seems to break it Scenario 2 if we dont break the pivot and cad falls back to the previous pivot,i will buy the pull back etc. I also have marked the potential risk rewar ratio See the chart above Dont: No sells!Just Buy! The CAD/JPY pair is trading at 108.99 at the time of writing. It continues to stay higher as the Japanese Yen Futures remain bearish. Fundamentally, Canada reported lower inflation in May, that’s why the CAD lost significant ground versus its rivals. Later, the BOJ Gov Ueda Speaks and Fed Chair Powell Speaks could change the sentiment. CA Dollar to Yen forecast on Tuesday, July, 4: exchange rate 109.38 Yens, maximum 111.02, minimum 107.74. CAD to JPY forecast on Wednesday, July, 5: exchange rate 109.09 Yens, maximum 110.73, minimum 107.45. CA Dollar to Yen forecast on Thursday, July, 6: exchange rate 109.35 Yens, maximum 110.99, minimum 107.71. CAD to JPY forecast on Friday, July, 7: exchange rate 109.11 Yens, maximum 110.75, minimum 107.47. In 1 week CA Dollar to Yen forecast on Monday, July, 10: exchange rate 109.20 Yens, maximum 110.84, minimum 107.56. CAD to JPY forecast on Tuesday, July, 11: exchange rate 109.34 Yens, maximum 110.98, minimum 107.70. CA Dollar to Yen forecast on Wednesday, July, 12: exchange rate 109.52 Yens, maximum 111.16, minimum 107.88. CAD to JPY forecast on Thursday, July, 13: exchange rate 110.56 Yens, maximum 112.22, minimum 108.90. CA Dollar to Yen forecast on Friday, July, 14: exchange rate 111.54 Yens, maximum 113.21, minimum 109.87. CA Dollar to Yen forecast by day Date Weekday Min Max Rate 04/07 Tuesday 107.74 111.02 109.38 05/07 Wednesday 107.45 110.73 109.09 06/07 Thursday 107.71 110.99 109.35 07/07 Friday 107.47 110.75 109.11 10/07 Monday 107.56 110.84 109.20 11/07 Tuesday 107.70 110.98 109.34 12/07 Wednesday 107.88 111.16 109.52 13/07 Thursday 108.90 112.22 110.56 14/07 Friday 109.87 113.21 111.54 17/07 Monday 109.24 112.56 110.90 18/07 Tuesday 109.24 112.56 110.90 19/07 Wednesday 110.65 114.01 112.33 20/07 Thursday 111.69 115.09 113.39 21/07 Friday 111.46 114.86 113.16 24/07 Monday 112.40 115.82 114.11 25/07 Tuesday 112.38 115.80 114.09 26/07 Wednesday 112.87 116.31 114.59 27/07 Thursday 111.99 115.41 113.70 28/07 Friday 112.66 116.10 114.38 31/07 Monday 113.05 116.49 114.77 01/08 Tuesday 112.58 116.00 114.29 02/08 Wednesday 113.71 117.17 115.44 03/08 Thursday 114.36 117.84 116.10 04/08 Friday 114.16 117.64 115.90
Long
by DaveBrascoFX
CADCHF - Watch For Breakout!Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity. We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade. Trade idea: - Watch for bullish price action and enter - stop loss below wave B completion (basically the lows) - Target: 6.8 (300pips) but do actively manage your positions as we move higher. See our last CADCHF post here: Goodluck and as always, trade safe!
by WicktatorFX
2
EURCAD SHORT/SELL 🔰 Pair Name : EUR/CAD 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈 EURCAD Technical Analysis Update 📉 Greetings, fellow traders! 🤝 Today, we delve into the technical aspects of EURCAD on the TradingView chart. Over the past year, EURCAD has been maintaining a monthly uptrend since July 2022. However, starting from April 2023, the pair reached its 5th wave high and has since been exhibiting signs of a shift towards the downside. Notably, during the period between mid-June and mid-July, EURCAD successfully retested the 23.6% Fibonacci level following a robust daily breakout, creating a notable market imbalance below. At the onset of this week, the price demonstrated fresh key highs and formed two compelling daily bearish pin bars after filling approximately 50% of the market imbalance above. In our professional assessment, it is highly likely that the price will embark on a downward journey to retest the market imbalance left below, aiming to reach the 1.442 level. This move could potentially lead to a decisive breakout of the current uptrend channel. Our vision for EURCAD entails a minimum target of 1.442, followed by 1.43242, as it progresses through the selling liquidity collection phase. Keep a vigilant watch on the evolving price action, and may the markets favor your trading endeavors! 🌟 #EURCAD #TechnicalAnalysis #ForexTradingView
Long
by Moon_SmartMoney
CADJPY Bullish within the Channel Up, bearish below it.CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting 109.250. That is a Lower Highs level, similar to the one on in April, whose fractal resembles today's. On the other hand, if we close a 1D candle below the 1D MA50, we will sell and target 102.000, just above the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDCAD to find support at current swing low?USDCAD - 24h expiry Trend line support is located at 1.3125. A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3175 will confirm the bullish momentum. We look to Buy at 1.3125 (stop at 1.3090) Our profit targets will be 1.3215 and 1.3240 Resistance: 1.3200 / 1.3225 / 1.3250 Support: 1.3150 / 1.3125 / 1.3100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
EURCAD Long A minor pause on the cardsEUR/CAD is approaching a major converged cushion on the 200-day moving average and a horizontal trendline from January at about 1.4235. Oversold conditions point to a minor bounce, but it may not sustain for long given the recent fall below the 89-day moving average and the Ichimoku cloud on the daily chart. Any break below 1.4235 could expose downside risks toward 1.4000. On the top side, the late-May high of 1.4650 would be tough to crack. The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hike on Wednesday. BOC hiked its overnight rate to a 22-year high of 4.75%, saying “concerns have increased that CPI inflation could get stuck materially above the 2% target.” The central bank, however, dropped the April language saying it “remains prepared to raise the policy rate further”, making it more data dependent. Markets are pricing in another rate hike in July, with the terminal rate seen at 5.15% by the end of the year.
Long
by DaveBrascoFX
1