It's just my opinion about this pair. Please share your thoughts with me.
Strong bullish wave (a) ended at level 0.9375 after breaking downtrendline then corrective bearish wave (b) rejected from 61.8% Fibonacci level at 0.9298 with bullish movement Price is based above HVN at level 0.9335 which indicates that pair is in accumulation phase Above SMA 100 MACD shows weakness in bearish momentum RSI broke downtrendline It's expected...
We can see that AUDCAD created another bullish wedge and it was broken and retested. Start looking for buys!
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.93150). . 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 above the 21-Day WEMA, which acts as a dynamic...
Price is facing bearish pressure as it continues to hold below the descending trendline and Ichimoku cloud resistances, in line with our bearish bias. We could potentially see a reversal at 1st resistance, in line with 78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance and descending trendline resistance, and further downside...
My outlook on AUDCAD depending on price action at these levels. We'll be quite reactive and not predictive on this move. Goodluck .
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
This pair just broke a channel to the upside and retested with a nice divergence. Start looking for buys!
Expecting price to create a head and shoulders formation over today into the start of next week where we will see a rally, then price collapse in on itself. 75% of retail traders are in Bullish positions here adding liquidity to this short entry.
See Signposts for key price action details. Breakout above a level tends to work well when we have a reversal pattern over on a higher TF. This was observable so entry looking good so far.
The Preliminary Australian Manufacturing PMI for June was reported at 58.4. Forex traders can compare this to the Australian Manufacturing PMI for May, reported at 60.4. The Preliminary Australian Services PMI for June was reported at 56.0. Forex traders can compare this to the Australian Services PMI for May, reported at 58.0. The Preliminary Australian Composite...
Long positions into hourly FTA, took the entry on a triple bottom formation and will remove the risk on the break and re-test of short term trend
AUDJPY pushing higher, coming close to descending trendline resistance and 50% Fibonacci retracement. A short-term intraday drop below our entry at 0.93302 towards our take profit at 0.92616 could be possible. Our take profit is a strong confluence zone where we have a graphical swing low support and multiple key Fibonacci levels lining up. MACD is below 0 with no...
Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bearish pullback towards main sr level. 4 HOUR Closure above support zone. DAILY Expecting further upside movement.. - FOREX SETUP BUY AUDCAD ENTRY LEVEL @ 0.93200 SL @ 0.92940 TP @ 0.93840 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9313). . 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...