Hello traders, AUDCAD analysis. Wait for buying opportunities from the support areas. Good luck
Australian dollar against Canadian dollar is a fascinating pair. And from historical chart patterns, we can conclude that AUDCAD is in a descending channel. Our bias will be to follow the trend down and exit early.
Looking over the AUD/CAD chart, This is what I came up with, It's possible for OANDA:AUDCAD , To continue uptrending up until 0.96900, This can be a long-term trade, here are some of the insights into these graphs, that give enough information of why I think we might be going back up again : The Relative Strength Index is about to reach the 30.00 Mark, Which...
Overview: Long Trade currently in play for Target 0.94720 as described in attached link: However, reversal/ pull-back is likely starting from current price through 0.93556 for target 0.91474-- Therefore confirm reversal cues at 0.93556 prior executing short entry or closing Long position. Note: Idea is to complement your research. Check comments section...
Overview: Price has completed very important tests at 0.90297. Currently, price is trading inside 0.89694 | 0.91411 Buy-zone. From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price-- Or Price could advance for tests at Target 0.94720 Note: Idea is to complement your research. Check comments...
Hello traders. Due to the positive divergence in the daily time frame and the break of the downtrend line, I expect the price to rise to the wedge ceiling. Be profitable
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, (...) Thank you and Happy Trading.
As you know few days ago price reached to it's highest level since 2018 because of monetary policies of Canada Central Bank and now we expect to see it goes down to the lower level again.
If not LONG, yet, buy it up right here!! This is a continuation LONG from the previous post;
... just follow the arrows!
The price respected the Ema 89 and I believe it will respect the channel as it has been doing it, touch the purple line and then go up to touch the middle line. . . . El precio respeto la Ema 89 y creo que el precio respetara el canal dibujado como lo ha estado haciendo, tocara la linea morada y espero que vuelva a subir a tocar la linea media del canal.
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Price is at the moment trading below a trendline that's due for test. Break of trendline to upside validates upside targets above trendline. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little...
The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...