Prices are on bearish momentum and abiding to a descending trendline. We see the potential for a dip from our sell entry at 0.90490 in line with 23.6% Fibonacci retracement towards our Take Profit at 0.89805 which is a graphical swing low and in line with 100% Fibonacci extension. Prices are trading below our ichimoku cloud resistance and also MA and RSI is at a...
Hey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.904. Once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Risk Tone – Safe-haven currencies (USD, CHF, JPY) rallied on Monday, while their high-beta counterparts (AUD, NZD, CAD, GBP) sold off as rising tensions between the West and Russia over Ukraine resulted in a risk-off wave which dominated price action. Indeed, Reuters reported that “NATO said it was putting forces on standby and reinforcing eastern Europe with...
according to the stochastic the pair is currently oversold, and we are also at support so this would be a perfect area to go long. Please let me know what you think in the comments especially if you are aware of some fundamentals that could support or go against the idea
Hey traders, in today's trading session we are monitoring AUDCAD for a selling confirmation around 0.906 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
AUDCAD has seen a significant decline since meeting the upper trendline resistance, as predicted in the previous idea shown below. Price has seen a pullback to an area of previous support but in my opinion we are still in a bearish wave and this small correction is an opportunity to get in before the wave continues down. We are already seeing rejection from this...
AUD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy In Dec the RBA kept rates at 0.10% and weekly bond purchases at A$4bln until mid-Feb, as expected. They reiterated their commitment to maintain highly supportive monetary conditions and won’t raise rates until actual inflation is sustainably within their 2%-3% target range. They noted that the economy is...
There is an almost strong support around the 0.89840 and the price reacted well to it. Long the pair after breaking the trend line and sma200. You can wait for a reversal to the level again to enter with a better R to R ratio. Monitor this currency pair
Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a sell entry at 0.90698 in line with 23.6% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 0.89773 in line with 78.6% Fibonacci extension. Our bearish bias is further supported by prices trading below our Ichimoku cloud support and also...
Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **Price is re-testing previous demand from Dec. 21 and now due for correction on the daily after impulse move to the downside. Potential tp target 9025 zone, respectively. We recommend that you keep this pair on your watchlist and enter when the entry...
Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop further from pivot level in line with 38.2% Fibonacci retracement towards potential take profit level in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further supported by the stochastic indicator where...
there is possibility of long position around 0.90200 but as the price came from monthly high in daily down trend , it's risky to enter long.
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AUDCAD waiting for correction before further push downside. Wont enter if no correction appears with a clear rejection.
In our previous idea we predicted a drop after bouncing off the upper channel line, which we've seen the beginnings of. AUDCAD still appears bearish, but we are entering a Demand Zone that could create a bounce or choppiness, which might give those who didn't get short the chance to do so at a better price, if they also believe that price is likely to head...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9204). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9204). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Hey Traders, in this week we are monitoring AUDCAD for a long term selling opportuntiy around 0.92 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.