ThaboZA
Long

Long-term AUDCAD LONG

FX:AUDCAD   Australian Dollar/Canadian Dollar
Overall, the pair had formed a symmetrical triangle and is currently trading within the triangle's range. Price bullishly broke the ichimoku cloud which suggests bullish momentum in the works. Around 0.98605 price might find some resistance based on the triangle's diagonal resistance, and then maintain some bearish power (pullback) up until around 0.96663. The cypher pattern in the works also suggests bullish momentum which is in confluence with the ichimoku cloud's bias.

Since anything can happen, there's a possibility that price might go lower to test the bottom of the triangle but, the chances of that happening are really slim.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out