In this analysis, I am sharing about AUDCAD .
Looks like AUDCAD will rise after breaking the resistance zone . If, we see a rejection, it may fall down So, trade carefully!
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This currency pair has been declining for a few weeks. We can tell by noticing the highest and lowest exchange rates as price decreases.
In this quick analysis video, I am sharing with you my thoughts on the next potential move for this currency pair.
I am not a financial advisor, but I do love creating content such as this via video or live stream for...
#AUDCAD has broken an ascending trend line and fallen, creating a new lower low. If price can reject my zone, I will be looking for long-term selloffs. The potential sell target price is 0.91000
If price breaks the zone to the upside, a re-evaluation will need to be done. But, until then, sells are looking like the best option.
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 notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD - Strong Bearish
1️⃣ Investors this week are expected to be cautious ahead of the FOMC meeting and avoid putting money in high-yielding countries.
2️⃣ Recent disappointment in AU business and consumer confidence.
3️⃣ RBA minutes from the June meeting show that the board agreed it would be premature to consider ending the bond-purchasing programme and policy...
AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension. If prices reverses from 1st resistance, prices might face resistance from...
1)overall trend (downtrend)
2)price and been testing the level of resistance , currently price reject and retest
3)area of value : support and resistance level
4)Entry trigger ( waiting for bearish candlestick pattern to form )
Price is approaching 1st resistance, in line with 50%, 61.8% Fibonacci retracement and horizontal pullback resistance, where we could potentially see a reversal and drop further towards 1st support, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. Price is also holding below the Ichimoku cloud resistance,...
Price is facing bearish pressure as it continues to hold below the descending trendline and moving average resistances, in line with our bearish bias. We could potentially see a reversal at 1st resistance in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance, and further downside towards 1st support, in line with...