Price has reached to it's highest level since April 2018 due to economical policies of Canada government and central bank. Technically, reducing the price within the channel is definite. I expect to see the price on 0.98 and even 0.97 soon but not for a long time.
preconditions: -global uptrend -local uptrend -mirror level -accumulation Push like if you think this is a useful idea! Thanks for your support!
Hi Traders AUD/CAD Signal (Daily Timeframe) A medium to high probability, entry to go LONG is forming @ 0.98993 after the market found support @ 0.97130.Only the downward break of 0.97130 would cancel this bullish scenario. Trade details: Entry: 0.98993 Stop loss: 0.97130 Take profit 1: 1.00092 Take profit 2: 1.01955 Take profit 3: 1.04992 Score: 9 Strategy:...
AUDCAD, price action tells further above, long
professionals increased short Aussie 2k by last week, Cad increasing long positions, mushroom shape formation for short position.
AUDCAD - Buy Entry - D1 Daily Chart Buy @ Current Market Price or on a pull back into the Buy Zone Stop Loss @ 0.5% to 1% of your Account Balance Take Profit @ I will update when to close - Follow me to receive updates ✅ Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing...
... and that would not bode well for equities. Pandemic lows test??... Here is the previous post; Here is the Daily;
Hi Traders, This is our view on this cross for the next few days. #AUDCAD SELL NOW SL 0.97740 TP 0.97220 We remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if the rules of our strategy are strictly respected. Eventually, any updates will be given in the comment section...
As salam alaikum Watch this zone more closely. 0.99 M,W,D rejection zone. Bearish Channel Formation. I'm expecting a breakdown till 0.92 atleast if and only if AUD gets weaker else It could break above 1.00 zone.
AUDCAD Price at trend line support breakout above will send price higher Breaking the support will send price lower to next lower support zone.
I believe this is still valid, we are having a small retest of resistance before it falls
It appears that the rally that began early Dec 2020 has found a reversal point as the appearance of a Double Top structure becomes visible. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern (Double Top) | Breakdown | Supply & Demand Observation: i. DT: Bearish technical reversal pattern forms after the price reaches peak @ CA$0.99000 two...
AUDCAD, Shows some signs of Bullish Pennant! Watch out Friends!
December was a strong month for Aud also against its Canadian counterpart and AudCad reached a top above 0.98 Now the pair broke under trend line support and confirmed this break. Yesterday we also have a lower high and I expect a correction from this pair once 0.98 support is broken. Sell rallies can be a good strategy
This pair is looking very bullish. Waiting on a retracement back around the highlighted area to jump in on a lower timeframe. Its on the watchlist 👀👀👍