AUDCAD- breaking major resistance, if its breaks key level 0.89650 we can expect next leg up to touch 0.91116.
Technically - Watch out EMA 10,20 crossing upward ( 4HR) crossing 50 SMA on daily time frame.
Fundamentally - AUD Bullish sentiment and 33500 Jobs added last month. No major Eco news this week
USD/CAD making higher after 11th August, market broke the range with really good volume traded.
Market retested strong support and 0.50 Fib level. we can expect USD/CAD long run from here.
I have SL 1.29860 and first Profit target 1.32563
Market been bearish from Friday but we might see some reversal from here if SPY hold up 400 level.
SPY has tested 0.786 Fib level yesterday. Future running green at this stage, Market might gap up when open. watch out 400 level if market hold 400 level it can go up 404-405 level.
SPY just sitting at 50 SMA
On daily timeframe market has touched 50% Fib level, Jackson Hole Symposium starting Thursday. we might expect some volatility in the market
Future us running in negative - Market might gap down when open
From last 2 days market is in range, watch out the support zone of Friday and 200 SMA resistance.
Market future running negative right now we might some change when EURO market will open,
Happy Friday !!
Market is in range bound from last 2 weeks, Future us running negative at this stage but we might turn GREEN when EURO market open.
Watch the support level 323.33 and Major Resistance 335.63.
On daily candles market has retest the 0.618 Fib level and 200 SMA .
GBPAUD short set up IF
If market retest the 1.73502 level and other indicator signal downtrend,
NOTE: EMA 9,21 needs to be above price action and MACD below 0 for SHORT position.