FX:AUDCAD   Australian Dollar/Canadian Dollar
ok so we currently have had a large rejection from a bigger time frame looking left we broke support, support became resistance first time around, we then more recently had rejection number 2 confirming the resistance level . We have now broken the mid range zone in our larger " range" zone. Looking on the 4 hr time frame it looks that we may see a retracement up to that mid range zone testing this level of previous support again becoming now resistance. We can also attache a fib from previous swing high to swing low and that mid range zone comes in between the 382 and the 50% fib levels more so confirming we could have a few confluences for more of a selling opportunity for the 4hr trend to continue back down to at least the 94450 area. Attaching a fib extension tool we also reach a 1.618 target zone again adding more confluence's into the sell of this pair in the up coming week.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out