AUD has been weak across the board and is giving potential opportunities to go short. In AUDCAD the Daily bias is bearish and could continue lower. The D chart presented us with a SWH with its 3rd candle lows being breached by today's price action. Ideally in the 1H, the chart will set itself up either in London (2am) or NY session (7am-9am) for a short after a...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89700 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down:
The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by...
We're coming to the end of the long-term descending triangle.
I'm generally expecting some big shifts across the markets by the end of November, in terms of reversals and this is one pair hot on my radar.
I don't thin we'll break out for a few weeks, but I've got daily tabs on this, as coming to the end of the descending triangle with really solid support.
Cad...
Hey Traders, in tomorrow's trading session we are monitoring AUDCAD for a selling opportunity around 0.86300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86300 support and resistance area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.86500 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86500 support and resistance area.
Trade safe, Joe.
The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50....
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.87500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.87500 support and resistance area.
Trade safe, Joe.
The AUDCAD pair followed our prediction on the last analysis we made a month ago (see chart below) and hit two targets on the way to the bottom of the long-term Channel Down:
The price is now on the 2nd straight green 1D candle after a flat Friday, which was most likely the bottom reversal of the Channel Down. As the 1D RSI hit the bottom of its Rectangle...
Greetings everyone,
The AUDCAD pair presents a compelling buy opportunity, as indicated by the strong bearish pressure. This is reflected by the candlesticks' positioning under all four moving averages. Confirming our analysis, the overall market trend, as evidenced across various timeframes, aligns favorably with this trade.
To further validate our entry, we...
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.90200 zone, AUDCAD is trading in a downtrend and currently seems to be attempting to break it out. If we get rallies above 0.90200 resistance are we will be watching a potential retrace of the trend towards more highs.
Trade safe, Joe.
AUDCAD is approaching the bottom of the annual Channel Down, having crossed under the 0.236 Fibonacci level.
As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise.
Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first.
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AUDCAD reached a solid horizontal resistance last week.
The market was steadily growing within a rising wedge pattern.
After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge.
Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement.
Goals: 0.901 /...
Hey Traders, We are closely observing AUDCAD in tomorrow's trading session for a potential buying opportunity within the 0.90300 zone. AUDCAD is currently trading within an ascending channel and appears to be approaching the channel's support near the 0.90300 supply and demand area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.89400 zone, AUDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.89400 support and resistance zone, i would also keep an eye on the stock market to confirm the bias as AUDCAD does correlate...
The AUDCAD pair is on the 1D MA50 for the third successive day, which is also the top of the Channel Down pattern. The 1D technicals have turned neutral (RSI = 52.833, MACD = -0.001, ADX = 23.757), indicating that this is technically a firm sell entry.
We will use this opportunity to short and target the S3 (TP = 0.88650) as all the Higher Lows of the uptrend...
