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CAD Pairs Market Analysis and Trade Setups

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@nsg_usd - 3 days ago
Quoted - nsg_usd

USDCAD- on 4hr, there is a 3-weeks sustained intraday bullish parallel channel which is still valid showing the uniformity in the bullish rally. The healthy trend is characterised with impulse, and correction moves within the channel.
The Parallel Channel is the strongest type of channel amid the converging and the diverging channels. When spotted early, it grants a trader the confidence to swing position until it is invalidated as it could last for weeks or months. It is often very narrow and can appear in a bullish (Ascending) or bearish (descending) form.

I'll be watching if price will invalidate it as it approaches the key resistance level at 1.4130-1.4140 price region.

GBPCAD- Daily Update (Thurs, 24th Sept 2026)
Bias: Bearish
Technical Outlook: Downtrend Consolidation Channel
Intraday Analysis: GBPCAD is currently ranging between 1.8780 price level (Resistance) and 1.8650 price level (Support). This has been ongoing since last week and continued this week while price is still confined to the Downtrend channel.

I'll wait for a breakout on either of the zones before looking for trade opportunities. A range within a channel is often an indecision phase, and often times will lead to continuation in the current bias, but fundamental factors might cause a change.

@asuquokelvin @godspowerdan
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@nsg_usd - 3 days ago
Quoted - nsg_usd

GBPCAD- Daily Update (Thurs, 24th Sept 2026)
Bias: Bearish
Technical Outlook: Downtrend Consolidation Channel
Intraday Analysis: GBPCAD is currently ranging between 1.8780 price level (Resistance) and 1.8650 price level (Support). This has been ongoing since last week and continued this week while price is still confined to the Downtrend channel.

I'll wait for a breakout on either of the zones before looking for trade opportunities. A range within a channel is often an indecision phase, and often times will lead to continuation in the current bias, but fundamental factors might cause a change.

GBPCAD- Trade Setup
Trade Type: Short
TF: 4hr
Entry: 1.8719
SL-1.8740
TP-1.8651
Execution: Instant order on Confirmation

Comment: This is a mid-probability setup. I'm considering it because I've spotted a pattern and the entry zone at the supply zone is fresh. but I'll be watching out for good confirmation before executing.

@segun_33 @kemi_allen_omevia @asuquokelvin @godspowerdan
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@asuquokelvin - 3 days ago
Quoted - nsg_usd

GBPCAD- Trade Setup
Trade Type: Short
TF: 4hr
Entry: 1.8719
SL-1.8740
TP-1.8651
Execution: Instant order on Confirmation

Comment: This is a mid-probability setup. I'm considering it because I've spotted a pattern and the entry zone at the supply zone is fresh. but I'll be watching out for good confirmation before executing.

Gbpcad support broken, I will wait for a retest of that box level, since internal support has been taken

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@asuquokelvin - 3 days ago
Quoted - nsg_usd

GBPCAD- Trade Setup
Trade Type: Short
TF: 4hr
Entry: 1.8719
SL-1.8740
TP-1.8651
Execution: Instant order on Confirmation

Comment: This is a mid-probability setup. I'm considering it because I've spotted a pattern and the entry zone at the supply zone is fresh. but I'll be watching out for good confirmation before executing.

Gbpcad support broken, I will wait for a retest of that box level, since internal support has been taken

@godspowerdan
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@asuquokelvin - 3 days ago
Quoted - nsg_usd

GBPCAD- Daily Update (Thurs, 24th Sept 2026)
Bias: Bearish
Technical Outlook: Downtrend Consolidation Channel
Intraday Analysis: GBPCAD is currently ranging between 1.8780 price level (Resistance) and 1.8650 price level (Support). This has been ongoing since last week and continued this week while price is still confined to the Downtrend channel.

I'll wait for a breakout on either of the zones before looking for trade opportunities. A range within a channel is often an indecision phase, and often times will lead to continuation in the current bias, but fundamental factors might cause a change.

Since internal support has been taken maybe from next week we will see more downwards movement after the retest of the upper range level which is the internal resistance

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@nsg_usd - 3 days ago
Quoted - nsg_usd

GBPCAD- Trade Setup
Trade Type: Short
TF: 4hr
Entry: 1.8719
SL-1.8740
TP-1.8651
Execution: Instant order on Confirmation

Comment: This is a mid-probability setup. I'm considering it because I've spotted a pattern and the entry zone at the supply zone is fresh. but I'll be watching out for good confirmation before executing.

EURCAD- Daily Update (Thur 24th Sept 2026)
Bias: Neutral
Technical Outlook: Descending Channel
Intraday Analysis: Price is still ranging between 1.6090 (Resistance level) and 1.6020 (Support level) and is still confined to the bearish channel despite several attempts to break out.

@asuquokelvin @godspowerdan
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@nsg_usd - 3 days ago
Quoted - asuquokelvin

Since internal support has been taken maybe from next week we will see more downwards movement after the retest of the upper range level which is the internal resistance

Yeah. we'll just watch and see. Price is still attempting to break below the support for sell continuations, but the zone is still valid,

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@nsg_usd - 3 days ago
Quoted - nsg_usd

EURCAD- Daily Update (Thur 24th Sept 2026)
Bias: Neutral
Technical Outlook: Descending Channel
Intraday Analysis: Price is still ranging between 1.6090 (Resistance level) and 1.6020 (Support level) and is still confined to the bearish channel despite several attempts to break out.

EURCAD- 4hr Trade Setup
Trade Type- Short
Entry-1.6080
SL-1.6105
TP-1.6018

Comment: Price Invalidated the 4hr bullish channel yesterday. I'll be expecting it to create a bearish channel and continue sells breaking out of the range to continue the sells.

@asuquokelvin @godspowerdan
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@asuquokelvin - 3 days ago
Quoted - nsg_usd

Yeah. we'll just watch and see. Price is still attempting to break below the support for sell continuations, but the zone is still valid,

Gbpcad looks good but I prefer EURCAD I have put my sell limit waiting for it to trigger, if oil continue to push higher I will hold my sell limit, but if it breaks below I will remove the limit, because oil heavily supports cad, although EUR is not really strong despite the rate hike of 25 bp

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@asuquokelvin - 3 days ago
Quoted - nsg_usd

EURCAD- 4hr Trade Setup
Trade Type- Short
Entry-1.6080
SL-1.6105
TP-1.6018

Comment: Price Invalidated the 4hr bullish channel yesterday. I'll be expecting it to create a bearish channel and continue sells breaking out of the range to continue the sells.

I have already put my sell limit waiting for price to trigger but I will be watching oil very close

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@asuquokelvin - 3 days ago
Quoted - nsg_usd

EURCAD- Daily Update (Thur 24th Sept 2026)
Bias: Neutral
Technical Outlook: Descending Channel
Intraday Analysis: Price is still ranging between 1.6090 (Resistance level) and 1.6020 (Support level) and is still confined to the bearish channel despite several attempts to break out.

That range is becoming the key decision point. As long as EURCAD remains confined inside the daily descending channel, I'm treating 1.6090 as the area where sellers need to defend and 1.6020 as the level buyers must hold. A decisive close outside either boundary, backed by strong displacement, would provide a much higher-probability directional move than trading the middle of the range.

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@nsg_usd - 3 days ago
Quoted - nsg_usd

EURCAD- 4hr Trade Setup
Trade Type- Short
Entry-1.6080
SL-1.6105
TP-1.6018

Comment: Price Invalidated the 4hr bullish channel yesterday. I'll be expecting it to create a bearish channel and continue sells breaking out of the range to continue the sells.

AUDCAD- Daily Update (Thur, 24th Sept 2026)
Trend: Bullish
Bias: Bearish
Technical Outlook: Range
Intraday Analysis: AUDCAD has been on a long-term bullish trend but recently has been showing exhaustion at the 0.9988-0.9940 key resistance region, with bears beginning to step in to defend the region.

@asuquokelvin @godspowerdan
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@godspowerdan - 3 days ago
Quoted - nsg_usd

GBPCAD- Trade Setup
Trade Type: Short
TF: 4hr
Entry: 1.8719
SL-1.8740
TP-1.8651
Execution: Instant order on Confirmation

Comment: This is a mid-probability setup. I'm considering it because I've spotted a pattern and the entry zone at the supply zone is fresh. but I'll be watching out for good confirmation before executing.

I would rather wait for price to trade deep into premium

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@godspowerdan - 3 days ago
Quoted - nsg_usd

AUDCAD- Daily Update (Thur, 24th Sept 2026)
Trend: Bullish
Bias: Bearish
Technical Outlook: Range
Intraday Analysis: AUDCAD has been on a long-term bullish trend but recently has been showing exhaustion at the 0.9988-0.9940 key resistance region, with bears beginning to step in to defend the region.

That means the retracement should come in soon

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@asuquokelvin - 3 days ago
Quoted - nsg_usd

AUDCAD- Daily Update (Thur, 24th Sept 2026)
Trend: Bullish
Bias: Bearish
Technical Outlook: Range
Intraday Analysis: AUDCAD has been on a long-term bullish trend but recently has been showing exhaustion at the 0.9988-0.9940 key resistance region, with bears beginning to step in to defend the region.

That 0.9940–0.9988 zone is becoming the key technical decision point. The higher-timeframe trend is still bullish, but repeated rejection from that resistance suggests momentum is fading. There is a bearish displacement and a break of the range lows before I am favouring shorts, waiting for price to trigger my sell limit

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@nsg_usd - 3 days ago
Quoted - nsg_usd

AUDCAD- Daily Update (Thur, 24th Sept 2026)
Trend: Bullish
Bias: Bearish
Technical Outlook: Range
Intraday Analysis: AUDCAD has been on a long-term bullish trend but recently has been showing exhaustion at the 0.9988-0.9940 key resistance region, with bears beginning to step in to defend the region.

AUDCAD- On 4hr, price invalidated the last bullish channel it formed but has not created a complementing bearish channel to establish its intention to drop down fully.
Price is still struggling to break below 0.9900 to continue the sells downward and also struggling to break above 0.9942 to continue the buys.

@asuquokelvin @godspowerdan
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@asuquokelvin - 3 days ago
Quoted - nsg_usd

AUDCAD- On 4hr, price invalidated the last bullish channel it formed but has not created a complementing bearish channel to establish its intention to drop down fully.
Price is still struggling to break below 0.9900 to continue the sells downward and also struggling to break above 0.9942 to continue the buys.

I think I would rather skip audcad because there are both driven by risk appetite, I will remove my limit

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@godspowerdan - 3 days ago
Quoted - nsg_usd

AUDCAD- On 4hr, price invalidated the last bullish channel it formed but has not created a complementing bearish channel to establish its intention to drop down fully.
Price is still struggling to break below 0.9900 to continue the sells downward and also struggling to break above 0.9942 to continue the buys.

Price is still within the bullish range

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@nsg_usd - 3 days ago
Quoted - asuquokelvin

I think I would rather skip audcad because there are both driven by risk appetite, I will remove my limit

I think that sells is still valid, despite how AUD behaves.
The weekly has created a double top and has broken below the left resistance level. once it closes below it this week, next week will just start with buy pullback for sell continuations.

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@nsg_usd - 3 days ago
Quoted - godspowerdan

Price is still within the bullish range

I wouldn't trust the buys from that level because price can decide to continue the sells from that level by breaking below 0.9910 price level.

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