CANADIAN DOLLAR / AUSTRALIAN DOLLAR CADAUD

CADAUD SELL

TREND ANALYSIS

The LT structural weakness in CAD could be shifting soon. I'm looking for the right candidate to buy the CAD against, for a LT trade.

Potential Cypher Harmonic Pattern , but need to hold until the pattern complete. Short term trader might consider to long if the line touch on 1.0030 (break the 0.786 @ short term fibbo), and look forward to test the next resistant at 1.0090 (touch the 0.618 @ long term fibbo). However it is still early to determine. Longer observation is required.

cadaud see my arrow

The idea was a long position into 0.99, but it looks likeit's kinda slow to develop. I got long at 0.9806 but very soon did not like a shorter time frame price action - it broke down a recent uptrend and traded all along below VWAP. Got flat having in mind coming weekend. Still bullish on this

it was a steady downtrend since early Feb, so if it's a breakout then it's good place to trade it long. Recent 3 day upmove looks very solid.

Australian dollar faces a tough resistance coming into 2017. I will update this page continually through the year.

CADAUD in an upward trend since Nov 2016, way above 150MA. It keeps all possible retracement levels indicated by Fibonacci and finished above the red line which shows strong resistance/support. Watch out for OIL prices since they can potentially influence CAD. Good luck!

D leg has completed and the price is currently in a critical zone. Watch for sell opportunities and use Fib levels as TP points. Upward price action will invalidate the idea. Good luck!

CAD AUD SHORT

SETUP CONDITIONS: Elliott wave , Ending Wedge , RD+

good time to enter short CADAUD and catch wave 3 down. only problem is this is a slow pair and not much movement.

A bearish gartley pattern has just completed on the CADAUD (1D and 4H). Purple line represents the 127.2 EXTENSION OF ABA and orange line represents the 78.6 RETRACEMENT OF XA. Shorted a full position

Entering previously valid fibonacci trend zone signaling possible reversal linked up with fibonacci retracement .382 aswell as a triangle. /Uncle & son

No trade setup here, just some formations and potential formations to give an insight into multiple harmonic patterns. Look for the cypher that has already formed to swing into a Gartley formation. Potential Gartley is perfect - exact confluence between the 0.786 retracement and 1.272 extension.

Jenner

Nice cypher pattern here along with good previous structure support. The market will either break the support and complete SL or the support will stop the upward move and push the market into the profit area. RSI is approaching an overbought state, so hopefully it will reach this by the time the cypher has completed. Looking at the daily chart it can be seen that ...