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blackbayinvestments
Feb 26, 2019 2:16 PM

AUD/CAD possible short Short

Australian Dollar/Canadian DollarFXCM

Description

Technical Analysis:

Relative Strength Index: the pair is somewhat overbought, it can be expected to reach even higher on the RSI as the market stays bullish. This further supports the a possible short (sell) opportunity.

MACD (moving averages): MACD has stayed close to the pairs candle sticks, we would like to see a further separation between the MACD line and the candle sticks, before we can conclude that MACD supports a sell opportunity.
Comments
ForecastCity
from my point of view the price will raise up.
blackbayinvestments
@ForecastCity, maybe now, I shorted on the first swing. I personal thought it would break the support level, but seems to still be within the channel
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