Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9355). . 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 (0.9355). . 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...
Taking a look at higher timeframes, we can observe that the price has successfully bounced off a major zone of support. Looking at smaller timeframes, it can be inferred that the price is continuing to grow. We are expecting the price to keep going up till the target indicated on the chart.
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its DESCENDING CHANNEL. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
Price is facing bearish pressure as it continues to hold below the descending trendline and moving average resistances, in line with our bearish bias. We could potentially see a reversal at 1st resistance in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance, and further downside towards 1st support, in line with...
Prices are facing bullish pressure as prices are taking support from horizontal swing low support in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and -27.2% Fibonacci retracement. If prices push down, prices might take support on 2nd support...
Price is facing bearish pressure as it continues to hold below both descending trendline and Ichimoku cloud resistance, in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback resistance, and further downside towards 1st support, in line...
Welcome back! Please support this idea with a LIKE if you find it useful. *** AUD/CAD - Would like to see a push up to the weekly resistance followed by trend continuation. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered...
Hey traders, AUDCAD is trading in a long-term bearish trend. For the last two weeks, bearish movement has stopped. The price was consolidating within a horizontal trading range. This night its support was finally broken. Now chances are high to see a bearish continuation. Next goal - 0.94 ❤️ Please, support this idea with a like and comment! ❤️ ⬇️...
AUDCAD after the last bearish impulse retraced until the 0.382 Fibonacci level. The market is now testing the support and according to Plancton's strategy if the price will break below we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
Potential for further downside as price rejects at previous support (0.9540). if bearish momentum continues, the price could head down to the previous resistance zone on the daily time frame (around 0.9400). The Canadian dollar has shown good strength recently which we help create bearish momentum on this pair
As you can see, a downward trend line has been formed that seems to be very strong. It has now reached a support that we think is strong enough that it will not break easily because its touch points are high. We are currently witnessing a strong compression. If this compression is broken, we will see a strong downward or upward movement. If support is...
Hi everyone I hope you are well In our previous analysis, we focused on buying transactions. In this analysis, we analyzed the chart in daily time. You can see that Zoon 0.9448 to 0.9490 has good price support. We also have a resistance-resistance line that reacts to this line several times. But this time, the price may be trapped and break the support level and...
AUDCAD is resting in the previous support zone of 0.9518-0.9536. After breaking quickly through this zone by slightly over 60 pips, price slowly made its way back. The 4H chart shows a downward bias as the 20, 50, and 200 period MAs are crossing down. Furthermore, price is resting right at 20 period MA, a great place for a potential reversal downward. I was...
AUD, NZD & CAD: The latest CFTC data for the CAD was surprisingly low with the most recent update, especially after the data included the price action following the BOC’s hawkish tilt. However, what was not reflected in the data has been made up in good measure in the price action we saw this past week as the CAD’s fundamental realities kicked into high gear and...
waiting for AAD pattern breakout Daily timerframe DOW THEORY breakout Sell order