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...
AUDCAD after trading inside a descending channel recently broke the upper trendline and starts a consolidation between a weekly support and a minor resistance. According to Plancton's strategy if the price will break above we will set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
AUDCAD after the attempt to break the weekly support close the last trading day of the week with an impulse to the upside. The market is moving inside a descending channel and recently broke the upper trendline. According to Plancton's strategy if the price will break above we will set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9310). . 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...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9310). . 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...
AUD, NZD & CAD: The AUD suffered the biggest outflow amongst the major with the CFTC data updated until Tuesday the 8th of June, which should arguably not be surprising given the prior outperformance in the currency before that happened. This week the focus for the AUD turns to the incoming Employment report where labour data has been touted by many as the most...
AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension . If prices reverses from 1st resistance, prices might face resistance from...
AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension. If prices reverses from 1st resistance, prices might face resistance from...
- AUDCAD holding support - Broke out the downward channel - Higher lows on higher timeframes - Its summertime, expecting less demand for oil and CAD weakness - Will place buys with tight stoploss This is a trade idea and not financial advice, use at your own risk! Always wait for confirmation and do not forget your stoploss. We welcome your thoughts and comments!...
Hi All, We have a H&S pattern forming on the weekly and inticipation for the next move we should set our buy limit or active entry @ 0.92xxx . We are looking to buy the right shoulder move up and then look to sell further down the line!. Many Thanks
AUDCAD after the attempt to break the weekly support close the last trading day of the week with an impulse to the upside. The market is moving inside a descending channel and recently tested the lower trendline. According to Plancton's strategy if the price will break above we will set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
Looking out for continued bearish momentum. - Rejection at resistance - Rejection at 61.8% fib level - Overall bearish trend
AUDCAD after the attempt to break the weekly support close the last trading day of the week with a double bottom higher close formation. The market is moving inside a descending channel and recently tested the lower trendline. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. ---- Follow the Shrimp 🦐 Keep in...
AUD, NZD & CAD: It was a big week for the NZD after the RBNZ followed in the BOC’s footsteps by bringing forward rate hike projections to Sep 2022. Keep in mind the reason why we haven’t seen a correspondingly big uptick in NZD positioning is because the CFTC data is only updated every Tuesday and does not include the big moves seen in the NZD from...
After our previous analysis, AUDCAD reached and tested the weekly support. The price is currently breaking below and according to Plancton's strategy if the market will satisfy the conditions we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
Price is approaching 1st resistance, in line with 50%, 61.8% Fibonacci retracement and horizontal pullback resistance, where we could potentially see a reversal and drop further towards 1st support, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. Price is also holding below the Ichimoku cloud resistance,...
AUDCAD Bearish Cypher valid as long as 0.9400 is not broken targeting 0.9340