AUDCAD uptrend may continue

FX:AUDCAD   Australian Dollar/Canadian Dollar
17 0 0
The trend is your friend. Clear up trend is in place. Price has retraced to the 50% Fibonacci level in conjunction with a recent inside bar indicating that price is undecided. Often when price is indecisive a strong move can follow as either the buyers or sellers take control. My biased is towards an upward move based on the recent uptrend momentum confirmed by higher time frames. Also price has retraced to a previous resistance level . Entry could be placed above the inside bar to confirm the uptrend and target could be placed at the next major resistance area .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out