Been monitoring this for a few days as it has been close to resistance. It has now risen to this resistance perfectly and if it breaks above we can enter longs. It may hold up just beneath this at first but you should keep an eye on this for a breakthrough. There is not a very clear resistance level for a TP but we can use the price of 1.00000 as this may be a...
If not LONG, yet, buy it up right here!! This is a continuation LONG from the previous post;
AUDCAD, price action tells further above, long
AUDCAD, Shows some signs of Bullish Pennant! Watch out Friends!
Here the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally...
Hello my friends, I am updating my previos post about this pair. I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips. Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable. Partial profits taken here and...
AUD/CAD is now on a strong support, MACD and Signal lines touched each other, So AUD/CAD will rise / 30M Time Frame / MACD, MA, SUPPORT
The Aussie dollar looks strong. If the price breaks the level, we would be looking for a nice long trade to the upside.
The Canadian dollar is weak nowadays, but AUD is getting strong. Only if price will show some positive price action, we would be taking this trade to the upside.
At least it will be a big correction up
AUDCAD Currently this pair running at the major resistance level at 0.91200 From this level we may expect some short term fall back towards 0.90600 level.Which is 100EMA This 100EMA will form as support level there we may execute buy orders And the potential target will be 0.92160 Stop lose may placed at 0.90100
See chart for illustration See link below for reference purpose
This is a follow up on the long term speculation published earlier last week (see link below). View explanation in the chart as we monitor price action.
AUDCAD currently sits on a strong FIBO level which is also a nine months low which may show a sign of bullish for the pair, we may see a buy from current level... get prepared