AUDCAD is now performing bullish trend, the price is on its support level. the trend could be change if the bearish key level breakout. bearish keylevel @0.9763 bearish target @0.9650-0.9578
Continuing upward trend. Double bottom formed after Elliott wave formation ending on support line which signals a breakout moment. Aiming for .98800 TP.
A break of the trendline opens up an opportunity for AUDCAD to head lower to 0.9710 region. Prices seemed to have made its retracement and it looks like it will continue lower from here on. Beware of fakeouts
Completion of CUP: Immediate Target 0.97822 Handle Formation : 0.5 Fib Target 0.95546 Pattern Breakout : March High Target 1.00000 ps. Trade Carefully
On Aud/Cad there is a potential bearish cypher pattern setting up. This pattern will potentially complete at .99300.
Pair may continue its correctional C wave. CAD seems to be regaining strength.
There is a very nice bearish pin bar forming on strong descending resistance level on the weekly chart. 1st target is 200 pips down at the first strong resistance level, 2nd target is a further 250 pips down at the next strong area of resistance. Could potentially be a nice swing trade over the coming weeks.
Easy trade, we gonna make profit both ways! UP and DOWN =) -- I'm currently on a SELL, I'm taking profit on every SUPPORT LEVEL till the LOW of the TRENDLINE, Then I will be buying till the RE-TEST above or TILL A BREAK-OUT! =) -- Make sure to FOLLOW and LIKE my ideas for more =) and I will make sure to answer every comment =)
AUD/CAD upside halts at stiff trendline resistance by 0.9970, break above needed to resume upside. The pair has broken above 78.6% Fib of 1.0054 to 0.9324 fall, as it extends upside along the 'Cup' formation. Aussie under pressure from weak Australia consumer confidence and Chinese trade data. Somewhat upbeat Australia’s employment report left Aussie bulls...
Simple as it look, Daily respected trenline + Weekly Level = Going to re-test the Monthly Level -- I will make sure to answer all comment below, and make sure to LIKE and FOLLOW for more IDEA =D