AUDCAD: slight pull-back before rebound.

FX:AUDCAD   Australian Dollar/Canadian Dollar
34 0 2
I expect the pair to test 50% Fibonacci retracement before rebound.
Fundamentals: good figures from China at the end of the week coupled with questionable perspective for oil             should support this view.
A narrower gap with Tenkan-sen and Chinkou-span not staying in the Kumo, or better crossing over historic price action would also give some confirmation.
Comment: P.S. Look at the daily cup-and-handle pattern in formation.
Comment: Bollinger bands weekly charts confirm the bullish view as price actoin staying well above the SMA20.
Thick red S/R line is the main challenge for the next weeks to come.

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