Please view the chart for an explanation of my mark up prediction.
Hi Traders AUD/CAD Multi-Timeframe analysis (08/03/2021) H1 Chart (Strong Down) The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level. Support & Resistance 0.97016 0.97252 0.96877 0.98225 0.96641 0.98733 H4 Chart...
Hey traders 👨💻💰 This pair looks set to head lower. I have an alert set on the support around 0.97145. It's all open area from there. This is on the watchlist 👀👀
AFTER REJECTING THE TREND LINE FOR 4 TIMES THIS MIGHT BE THE 5TH , SO BETTER TO YOU TO FIND SHORT POSITION ON SMALL FRAMES 4H OR 1H , AFTER REJECTING SUPPORTS , AND IF YOU TAKE A LOOK ON THE DAILY FRAME THE RSI GIVES US A CLEAR DIVERGANCE WICH CONFIRM THAT THIS UPTREND ARE LOSSING HIS BULLISH VOLATILITY ! DON'T FORGET TO FOLLOW ME FOR STUNING ANNALYSIS ! ...
There is a resistance that has been in place since 2012 so it is very strong. When the price got there is fairly quickly got rejected. On the Weekly timeframe you can see a nice rising wedge that is now about to be broken (if you look at a shorter timeframe it is broken.) Also, it is broken on the RSI. What to look for: A close under the wedge on the daily...
As you know few days ago price reached to it's highest level since 2018 because of monetary policies of Canada Central Bank and now we expect to see it goes down to the lower level again.
The pair is still bullish overall, but in my opinion, it will hit that 0.988 area once again before continuing its move to the upside🙌🏻
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.
Take a close look at the chart. Price broke out of the trendline once and came back inside the trendline which makes it a failed trendline breakout. Thereafter, price broke out of the trendline again, pulled back, and gave a signal to go long take profit 1 at 0.98865 and take profit 2 at 0.98981. What do you think? Share your opinion in the comment...
Here is a confirmation of the idea I published on 16th February 2021. Take profit 1 and 2 smashed. Take a minute of your time to take a look at the post. Thank you for your support💓
AUDCAD has run into resistance on the Monthly, Weekly, Daily and 4hr timeframes. We saw a strong rejection on January's monthly candle close and we're now seeing a retest on the 4hr supply. We have a potential to take a short from here and aim for lower lows.
Price has reached an area of resistance after breaking out of a rising wedge. We had an impulsive move away from this area and then we correctively consolidated, forming a double top. We then saw momentum to the upside, grabbing orders above the consolidation area, highlighting the manipulation and liquidity grab. We then rejected the 70.5% Fib retracement as the...
#AUDCAD the price is right now on a great spot but I would wait just a little bit more before making an entry, since price has already reach the purple level I lets wait for a confirmation to see if it would continue its way down or if at the end continues the way up.
It broke out of range, failing at 0.618 fib level. I'm looking for a downside move from here.
It's a mountain you're looking to climb briefly and toboggan all the way down. Sell the aussie-dollar.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CAD ⚪ Technical Analysis : Since the 2nd of February 2021, the price has been moving following a clear uptrend after it...
Price is currently in the support zone. I expect price to either breakout of the support zone upward or pullback to the demand zone to complete the double top M pattern. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy...