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CAD

Potential bullish rise?USD/CAD has reacted off the resistance level and could rise from this level to our take profit. Entry: 1.3603 Why we like it: There is a pullback resistance level. Stop loss: 1.3540 Why we like it: There is a pullback support level. Take profit: 1.3704 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
USDCAD LONG FORECAST Q2 W25 D17 Y25 12:18 GMT UPDATEUSDCAD LONG FORECAST Q2 W25 D17 Y25 12:18 GMT UPDATE Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. 💡Here are some trade confluences📝 ✅1H order block ✅HTF 50 EMA ✅Intraday bullish breaks of structure to be identified ✅15’ order block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
Could the Loonie reverse from here?The price is reacting off the support level which lines up with the 100% and the 78.6% Fibonacci projection and could rise from this levl to our take profit. Entry: 1.3544 Why we like it: There is a support level at the 100% and the 78.6% Fibonacci projection. Stop loss: 1.3516 Why we like it: There is a support level at the 100% Fibonacci projection. Take profit: 1.3595 Why we like it: There is an overlap resistance level that aligns with the 50% FIbonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bearish continuation for the Loonie?The price has rejected off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 1.3725 1st Support: 1.3430 1st Resistance: 1.3837 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
Bearish Bias Holds as Oil Rises & Rate Differentials NarrowUSDCAD – Bearish Bias Holds as Oil Rises & Rate Differentials Narrow 🌍 Macro & Fundamental Outlook The Canadian Dollar (CAD) continues to gain ground this week, supported by two key drivers: Crude oil prices surged due to Middle East tensions and renewed demand optimism — boosting CAD as a commodity-linked currency. US-Canada yield spreads narrowed, following revised expectations that the Bank of Canada (BoC) may keep rates higher for longer, while the Fed is seen pausing. Short-term event risks to watch: 🇨🇦 Canadian Manufacturing Sales data today at 13:30 GMT 🇨🇦 G7 Summit in Alberta from June 15–17, which may influence oil and energy policy sentiment Our latest fair value estimate for USDCAD has shifted lower to 1.3613, reflecting tighter rate spreads and stronger oil. Technical structure remains tilted to the downside. 📉 Technical Outlook – M30 Chart 🔹 Structure: Price remains in a short-term downtrend, with a well-defined descending trendline capping upside attempts. The pair recently tested the EMA 89–200 zone and failed, suggesting continued bearish pressure. 🔹 Key Zones: Dynamic Resistance: 1.3638 – 1.3660 (trendline + EMA cluster) Support Area: 1.3592 → 1.3578 A break below 1.3578 could expose deeper downside toward 1.3420 (September lows) 🔹 Momentum Indicators: RSI has bounced from oversold (30) but remains in bearish territory. The current rebound looks corrective — potentially a dead cat bounce. 🧠 Market Sentiment Flows favour commodity-backed currencies like CAD, especially with energy prices rising. USD has weakened slightly as the Fed is expected to hold rates steady next week. Sentiment is leaning toward "sell the rallies" on USDCAD for now. 🎯 Trade Setup Scenarios 🔻 SELL SCENARIO – If price retests and rejects 1.3638 – 1.3660 Entry: 1.3640 – 1.3655 Stop-Loss: 1.3685 Targets: 1.3592 → 1.3578 → 1.3510 🔺 BUY SCENARIO – If strong bullish reaction occurs at 1.3592 – 1.3578 Entry: 1.3580 Stop-Loss: 1.3545 Targets: 1.3620 → 1.3640 ⚠️ Focus on trend continuation. Only consider buys if clear rejection or bullish confirmation appears at support. ✅ Conclusion The current trend in USDCAD favours sellers, with fundamental momentum supporting CAD via higher oil and narrowing yield differentials. Key resistance at 1.3638–1.3660 remains the pivot zone to monitor. With Canadian data and the G7 Summit ahead, volatility could increase.
Short
by MMFlowTrading
Bearish drop?USD/CAD has bounced off the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could potentially rise from this level to our take profit. Entry: 1.645 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Stop loss: 1.3624 Why we like it: There is a support level at the 100% Fibonacci projection. Take profit: 1.3689 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bearish reversal off 61.8% Fibonacci resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3703 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.3740 Why we like it: There is a pullback resistance level. Take profit: 1.3644 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Oil's Volatility Meets Fed's Patience: A Path to 1.3643?USDCAD – Oil's Volatility Meets Fed's Patience: A Path to 1.3643? 🌍 Macro Landscape: Diverging Monetary Paths & Oil's Influence The USDCAD pair is currently navigating a complex environment shaped by diverging central bank policies and the significant influence of crude oil prices. While the Federal Reserve is signaling a "higher-for-longer" interest rate stance due to sticky inflation, the Bank of Canada (BoC) is in a more nuanced position, balancing inflation control with economic growth. This divergence creates a fundamental tailwind for the USD. However, Canada's economy is heavily tied to commodity prices, especially crude oil. Recent volatility in oil markets can exert significant pressure on the Canadian dollar. If oil prices remain subdued or face downward pressure, it could exacerbate the CAD's weakness against the USD, amplifying the impact of policy divergence. 🏦 Central Bank Policy Divergence: Fed's Firmness vs. BoC's Caution Federal Reserve: FOMC members continue to signal patience on rate cuts. Recent inflation data (PCE, CPI) shows persistent price pressure, particularly in the services sector, reinforcing the Fed's hawkish bias. This suggests the USD may retain its strength as higher rates attract capital. Bank of Canada: The BoC, while having taken aggressive steps previously, might be more cautious in its future rate decisions. Any dovish undertones or hints at pausing rate hikes could weaken the CAD. Conversely, a resurgence in inflation or stronger economic data could prompt the BoC to maintain a firm stance. This policy divergence, coupled with external factors like commodity prices, creates a fertile ground for significant moves in USDCAD. 🌐 Capital Flows: Safe-Haven Dynamics and Commodity Impact Global capital flow models indicate a shift towards the US dollar as a preferred safe haven amidst geopolitical tensions and global economic uncertainties. While Gold remains a traditional hedge, the USD's yield advantage makes it an attractive destination for institutional capital. For CAD, its sensitivity to commodity prices means that capital flows are heavily influenced by the outlook for global growth and energy demand. A softening global economic outlook could lead to reduced demand for commodities, weighing on the CAD, and potentially driving inflows into USD-based assets. 📊 Technical Structure: Channel Breakdown & Bearish Momentum Towards 1.3643 On the H1 chart (as observed from the provided image): Price Channel: USDCAD has been trading within a clear ascending channel. However, the price recently broke below the lower boundary of this channel, suggesting a potential shift in momentum from bullish to bearish. Moving Averages: The price has moved below the EMA 13 – 34 – 89. This bearish alignment (EMA "fan-out formation" in reverse) confirms a short-term bearish momentum is building. The 200 EMA (red line) is currently acting as a key resistance level, near the prior support turned resistance. Key Resistance (Sell Zone): The region around 1.36989 (aligning with previous support and possibly a Fibonacci retracement level) is now acting as a crucial resistance. Any retest of this zone, especially with bearish candlestick patterns, could offer selling opportunities. The 200 EMA reinforces this zone as a strong overhead barrier. Key Support (Target Zone): The price is projected towards 1.36431. This level aligns with a strong prior support and also coincides with the Fibonacci Extension 1.382 level from a previous swing, making it a high-probability target for bearish moves. A bounce from 1.36734 (a mid-channel support or Fibonacci level) could offer a temporary reprieve, but the overall technical structure points to the lower target. 🎯 Trade Strategy Recommendations Scenario 1 – Sell the Pullback (Preferred): Entry: 1.3685 – 1.3695 (retest of broken channel line/resistance near 1.36989, possibly confluence with 200 EMA). Stop-Loss: 1.3720 (above recent swing high/channel top). Take-Profit: 1.3673 (initial target) → 1.3643 (main target) → 1.3620. Scenario 2 – Breakout Momentum Sell (if price consolidates below 1.3673): Entry: 1.3670 (break below 1.36734 with strong bearish momentum). Stop-Loss: 1.3690. Take-Profit: 1.3643 → 1.3620. ⚠️ Key Events to Watch: US PCE Price Index (upcoming data): If hotter-than-expected, this would reinforce the Fed’s hawkish tone and lift USD. Canadian CPI (upcoming data): Cooler-than-expected inflation could prompt a more dovish stance from the BoC, weakening CAD. Crude Oil Inventory/News: Any significant news or data regarding global oil supply/demand can directly impact CAD.
Short
by MMFlowTrading
1
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot and could drop to the 1st support whcih is a pullback support. Pivot: 1.3733 1st Support: 1.3650 1st Resistance: 1.3793 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USD/CAD - Channel Breakout (10.06.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.3757 2nd Resistance – 1.3792 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. 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 KABHI_TA_TRADING
35
Falling towards overlap support?The Loonie is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which aligns with the 38.2% Fibonacci retracement. Pivot: 1.3595 1st Support: 1.3434 1st Resistance: 1.3990 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
USDCAD weekly overviewHello Traders, War in Persian Gulf could change the direction of this analysis. Any conflict in the Middle ease could make out two white zones be red and suitable for shot trades. in normal situation, only 1.37732 is prepared for long trades. *********************************************************** The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
by AliSignals
Bullish rise?USD/CAD is reacting off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit. Entry: 1.3691 Why we like it: There is a pullback resistance level. Stop loss: 1.365 Why we like it: There is a pullback support level. Take profit: 1.3742 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Potential bearish drop for the Loonie?The price is rising towards the pivot, which is an overlap resistance, and could drop to the 1st support. Pivot: 1.3683 1st Support: 1.3590 1st Resistance: 1.3707 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3691 Why we like it: There is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement. Stop loss: 1.3738 Why we like it: There is a pullback resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.3635 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USD/CAD - Bearish Flag (04.06.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.3645 2nd Support – 1.3605 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. 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 KABHI_TA_TRADING
63
Bearish drop?AUD/CAD has rejected off the pivot and could drop to the 1st support. Pivot: 0.89082 1st Support: 0.87895 1st Resistance: 0.89646 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
CADJPY LongPrice recently broke structure to the upside (BoS), confirming a bullish shift in momentum after forming a double bottom around the 101.50–102.00 region. Currently, price is consolidating beneath the 104.90–105.00 resistance area, with a clear lower timeframe supply zone just above. If bulls sustain pressure, we could see a short-term rally toward the 106.00 zone, where the next supply awaits. However, the key level to watch is 107.600, aligning with a major Daily Timeframe Supply Zone. This zone may act as a strong reversal point or profit-taking area for swing traders.
Long
by SKA_CAPITAL
NZDCAD - Lucrative Range!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈NZDCAD has been hovering within a range between the red support and blue resistance. This week, NZDCAD has been bearish and approaching the red support. Moreover, it is retesting the lower bound of its rising wedge pattern in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #NZDCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich 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 TheSignalyst
3