Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows. We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel. Price has has multiple attempts to break through this resistance...
Price is abiding to the descending trendline resistance on the daily, signifying a bearish momentum. We can expect price to drop from pivot level in line with previous swing highs and descending trendline resistance towards the take profit level in line with 23.6% Fibonacci retracement and 100% Fibonacci projection . Our bearish bias is further supported by the...
Price is abiding to the descending trendline resistance on the daily, signifying a bearish momentum. We can expect price to drop from pivot level in line with previous swing highs and descending trendline resistance towards the take profit level in line with 23.6% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is further supported by the RSI...
entry @ 0.92790 sl 0.92960 tp1 0.9233 tp2 0.91910 tp3 0.90950
AUDCAD has been in a decent uptrend for most of December, however, it has started to approach a key resistance level on the 4hr time frame. The key level mentioned is the 0.925 level which is the high of early November. The RSI indicators on the daily/4hr time frame show an overbought bias, coupled with the approach to the key level mentioned above leads me to...
Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 61.8% Fibonacci extension and 23.6% Fibonacci retracement towards our Take Profit at 0.92309 in line with 100% Fibonacci extension. Technical indicators are showing potential for upside. Any opinions, news, research, analyses, prices,...
entry 0.92740 sl 0.92840 tp 0.92410, 0.91990 R/R ~ 3, 8
Price is abiding to the descending trendline on the daily timeframe , signifying overall bearish momentum. We can expect price to push down further from the pivot level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further...
Price is abiding to the descending trendline on the daily timeframe, signifying overall bearish momentum. We can expect price to push down further from the pivot level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further...
Prices are on bearish momentum and abiding to our bearish trendline. We see potential for a dip from our sell entry at 0.91310 in line with 200% Fibonacci projection, 50% Fibonacci retracement and 61.8% Fibonacci retracement towards our Take Profit at 0.90741 in line with 127.2% Fibonacci extension and 38.2% Fibonacci retracement. Technical indicators are showing...
Price is abiding to the descending channel on the daily, signifying overall bearish momentum. We can expect price to drop from 1st Resistance in line with 50% Fibonacci retracement, 78.6% Fibonacci projection and graphical overlap resistance towards 1st Support in line with previous swing low and 100% Fibonacci projection. Our bearish bias is further supported by...
Hey Traders, in this week we are monitoring AUDCAD for a long term selling opportunity around 0.91200 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
-Resistance -Downtrend with price reacting off of daily DBD supply. -PRice reacting off of 1x downward ML. - need confirmation but price has a good HTF story.
AUDCAD is currently trading around the 0.91 regions after it found support in early December at the 0.897 level. This has been an increase of the price of about 1.5%, but it has been unable to push past the resistance zone of 0.913. On the 4hr time frame, the RSI indicators are currently in overbought levels of 95.3 which indicates that the buying pressure may...
AUD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy The RBA’s Nov decision was hawkish in deed but dovish in word. The bank abandoned YCC as markets suspected as the bank didn’t defend their 3-year AGB target in the days leading into the meeting. They also abandoned their date-based forward guidance that said a lift off in rates would only be appropriate in 2024,...
With Positive Risk Sentiment , and Dovish BOC maybe it will be a good trade.
AUDCAD Daily has broken a great resistance and We're waiting for pullback and then enter short
Price is abiding to the descending channel, signifying bearish momentum. We can expect a drop from the pivot level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 161.8% Fibonacci projection. Our bearish bias is further supported by the price holding below the Ichimoku cloud. Any opinions, news,...