AUDCAD is expected to drop to 1st support at 0.89912 where it could potentially react off and up to 1st resistance at 0.90100. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD reversed off its resistance at 0.90435 where it could potentially drop further to 0.90118. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Price has been bottoming out for a few weeks now and we have an inverse head and shoulder at play on the daily w/ lower time frames quietly awakening to Impulsive engulfing candles. I can go on about the technicals but reference previous posts and you’ll see the original play is still in tact. Only difference is we are now in a lower high and higher low...
AUDCAD reversed from a daily ascending trendline that lined up with 61.8 Fibonacci retracement of the advance from 0.8903 and broken out of daily descending trendline. Price also broke the daily counter trend line structure and it's currently retesting it inline with key support, and descending trendline. Price has the potential to move higher from or near the...
if traded cautiously can get at least 60 pips profit !! with the upward movement
ANALYSIS ON AUDCAD Welcome to my analysis - 1HR CHart - Interesting Point of interest In the AUDCAD pair. - Price below 200 day EMA. - look for buy signals. - Expecting some more upward movement. - Watch 0.90410 for take profit. - MACD showing bullish divergence Stay Tuned
just observing 1hr. This idea goes with prev. ideas.
From a technical and trading perspective, the AUDCAD is potentially carving out an inverse head and shoulders pattern. Yesterdays candle printed a key reversal pattern eclipsing the prior two days price action and closing firmly above the monthly pivot, as such this should encourage further buying to emerge, I will venture long though this mornings high with a...
I am currently already in this trade but forgot to post it a few days ago. If we get a pullback for a nice INV head n shoulder here another buy opportunity might show itself. That being said I am posting this idea now for a possible 2nd opportunity for another long position. Currently price is getting close to coil. We could correct back from here for the rest...
Hi traders, The price is in an uptrend and following a rising trendline. It had previously respected it thrice and has come to test it again. I see a high likelihood of it bouncing off and rising further.
Haciendo backtesting podemos esperar una posible respuesta muy similar al pasado inmediato que ha tenido este par en este nivel del precio, tomando en cuenta los patrones, soportes y resistencias. El mercado posiblemente haga cambio de tendencia por los pisos establecidos a lo largo de los meses anteriores. Un posible rompimiento de la resistencia confirmaría el...