Hi Traders AUD/CAD Multi-Timeframe analysis (08/03/2021) H1 Chart (Strong Down) The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level. Support & Resistance 0.97016 0.97252 0.96877 0.98225 0.96641 0.98733 H4 Chart...
Hi Traders AUD/CAD (H3 Timeframe) A medium to high probability, entry to LONG is forming @ 0.98975 after the market found support @ 0.98225. Only the downward break of 0.98225 would cancel this bullish scenario. Trade details: Entry: 0.98975 Stop loss: 0.98225 Take profit 1: 0.99418 Take profit 2: 1.00168 Take profit 3: 1.01390 Score: 7 Strategy: Bullish Breakout
There is a resistance that has been in place since 2012 so it is very strong. When the price got there is fairly quickly got rejected. On the Weekly timeframe you can see a nice rising wedge that is now about to be broken (if you look at a shorter timeframe it is broken.) Also, it is broken on the RSI. What to look for: A close under the wedge on the daily...
This has retraced to the point I marked out in my previous post for this pair. This was a very strong downward move so I want to let it settle before opening a long. Also MACD has dropped below 0 and EMA's have crossed lower so I want to see these turn back higher before longing. I have set TP at 1.00482, I expect a lot of resistance there and above
This is just short of the TP I set on this pair in my previous post but personally I have closed the trade, I think this is going to retrace soon as it is now overbought on 4HR and daily timeframes. It may still hit that TP but I prefer to secure the profit as a lot of AUD pairs are looking overbought. So now I will monitor this pair for a retrace to the support...
Price has reached to it's highest level since April 2018 due to economical policies of Canada government and central bank. Technically, reducing the price within the channel is definite. I expect to see the price on 0.98 and even 0.97 soon but not for a long time.
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...
Hi Traders AUD/CAD Signal (Daily Timeframe) A medium to high probability, entry to go LONG is forming @ 0.98993 after the market found support @ 0.97130.Only the downward break of 0.97130 would cancel this bullish scenario. Trade details: Entry: 0.98993 Stop loss: 0.97130 Take profit 1: 1.00092 Take profit 2: 1.01955 Take profit 3: 1.04992 Score: 9 Strategy:...
AUDCAD, price action tells further above, long
... and that would not bode well for equities. Pandemic lows test??... Here is the previous post; Here is the Daily;
AUDCAD, Shows some signs of Bullish Pennant! Watch out Friends!
December was a strong month for Aud also against its Canadian counterpart and AudCad reached a top above 0.98 Now the pair broke under trend line support and confirmed this break. Yesterday we also have a lower high and I expect a correction from this pair once 0.98 support is broken. Sell rallies can be a good strategy
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AUDCAD 4H timeframe analysis, i'm expecting it to sell first before buyingg.
For the past 6 months or so, AudCad traded in a range between 0.97 and 0.93 (more or less). Now the pair just made the first leg down from the top of the range and I expect this drop to continue. Sell rallies is my strategy and 0.9520-0.9550 should provide a good sell zone. My outlook is bearish as long as the pair is under 0.9650 on a daily close bases