The AUDCAD pair dropped sharply yesterday, negating the gains of the past 5 days combined. In doing so, it touched again the Lower Lows zone trend-line that started after the July 30 2021 Low and has been supporting with rebounds ever since. With the 1W RSI well within its own Buy Zone since July 01, this is a solid buy opportunity at least on the short-term...
Hey traders. in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.893 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe. Joe.
The upcoming week is full of news events, the main ones are on USD. On Monday we have bank holiday in USA, this means we could have low volatility on pairs with USD, also we have CPI in Switzerland. On Tuesday we have cash rate that is forecasted to increase, this means strength on AUD. From Wednesday till Friday we have events on USD everyday, as well as NFP, one...
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst underlying negative risk sentiment, China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While all major...
Hey traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.875 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst underlying negative risk sentiment, China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While all major...
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst underlying negative risk sentiment and China’s continued struggles with Covid breakouts. China’s economy is always a key focus for the AUD. While all major economies are expected to slow in 2022, China is expected to...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8874). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8874). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst underlying negative risk sentiment and China’s continued struggles with Covid breakouts. China’s economy is always a key focus for the AUD. While all major economies are expected to slow in 2022, China is expected to...
Hey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89660 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90400 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Bias: Short Market Cycle Phase: 2 Following a sideways move yesterday, my bias on AC remains bias for today. We also have a new valid MP created at 0.9051 during the asian session.
We see a clear rejection of a level of support, we might see price pullback into the most recent level of resistance that just turned support and a possible push upwards.
Bias: Short Market Cycle Phase: 2 Valid 1st push last Friday, looking for the 2nd push today from 0.9082
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE Despite a decent recovery from the start of the year, the AUD has struggled in the midst underlying negative risk sentiment, but the bigger short-term negative driver has been China’s covid struggles. China’s economy is always a key focus point for the AUD. While all major economies are expected to slow this...
Hey traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.903 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
AUD FUNDAMENTAL OUTLOOK: WEAK BULLISH After a tumultuous ride in 2021, the AUD has seen a decent recovery so far this year. The geopolitical tensions in Europe gave the commodity dependent currency a boost as commodity prices surged and seeing record highs for Australian terms of trade. Apart from that, China’s economy has been a key focus point for the AUD....