Here the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally...
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It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one.
Here is the full analysis for this pair, let me know in the comment section below if you have any...
Hello my friends,
Today i got a nice setup fo AUDCAD pairs.
Before i start my analysis i am gonna review some of my trading positions that i shared with everyone here.
Yesterday was a great day that so many positions hit take profit and i banked some decent profit.
In total it was +18% profit and it consists of:
1st is GBPJPY pairs for +120 pips banking +4%...
This pair is looking good for a long. Broken a major trend along with major structure. Waiting on a retest or price action for an entry now. It's on the watchlist 👀👀 This pair is on the watch list 👀👀👀 If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
AUD/CAD Daytrade-execution!! SHORT
Market-Sell : 0.93930
Stop-loss : Close Break 0.94240
Target : 0.92100
Our chart is simple as possible to make it easier for you to see the chart.
- This is an execution signal. you can enter the market now
Good luck 👍
Looking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low.
Also, using the wave count, it shows AC is about to start a wave 5 movement...
AUD/CAD New Analysis And 2 Setups Are Available
1- A Buy Trade To Our Sell Zone
2- A Sell Trade To 0.92000
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without...
-The ideia here is to wait for a pullback into the 50% fib area in the 1h candle (around 0.93070). At that point, we can enter in a long position with at takeprofit at 0.9415 and SL 0.92795.
-Since it will probabliy take a few hours, we can leave a buy limit around 0.93070
- For the more conservative people, you can wait for a confirmation candle.