TradingView
arocha.daniel3
Apr 1, 2018 6:08 PM

Weekly prediction for AUDCAD  

AUD/CADOANDA

Description

My analysis are based mostly in H4. This week I'll be looking to take a sell on AUDCAD, let me explain why:

Monthly:


Here we have a triangle. We have two days left to close monthly but is closing with a high rejection from the 1.02400 zone, still staying above the large trendline maybe going to the 0.97300, but we can't really say much more.

Weekly:


The same as monthly, it's looking really bearish, respecting the triangle.

Daily:


For more bearish signal, in the daily chart we can see clearly the bullish trendline is broken.

H4:

Like the daily chart in the H4 the bullish trendline is broken is ranging in the 0.99000 monthly S/R line.

I think is more probable for it to go down path B because of break + retest and rejection of the trendline + triangle on the monthly and weekly, but still, anything can happen and it could go up, we'll see.
More