The pair is still in a nice bearish run. As illustrated on the chart, the price is currently located at the descending trendline. We are looking forward to opening SELL positions and aiming for the 0.949 area of support🙌🏻
Idea - long pair. In fundament - aud have correliation witch gold. cad - have correlation in Oil. Fundament trend for oil - up = cad up For gold - down - aud down Position - AUDCAD - is hard short.
This is just a simple painting, no more no less ... Do the right job with your knowledge !!!
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
This report reflects the COTdata updated until 23 Mar 2021. Overall: With the CFTC data updated until 23 March the JPY showed the biggest decrease of (-14K) and the EUR showing the biggest increase of (+3K). AUD, NZD & CAD: After sizable moves lower with the recent risk off flushes, all three high betas remain bullish in the med-term outlook, and with...
Possible short opportunity. Price has been rising in the descending channel. We could see price reject at previous support and the 50.0 fib level. Or, Price could reach resistance of the channel and reject at the 61.8 fib level. The overall trend of this pair is bearish so I am more interested in going short on this pair with 1 of these 2 scenarios...
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Good evening Fx Traders, hoping for a profitable week for all of you. CAD fundamentally is Bullish, Looking to go short on AUD/CAD after the reaction on the monthly resistance. ** You are not obliged in any way to follow this idea/analysis. This is just my interpretation based on my indicators. Follow me for more ideas/forecasts.
AUDCAD on the 4h chart is moving inside a descending channel. The price after the test of the weekly support has retraced at the 0.5 Fibonacci level of the previous impulse. According to Plancton's strategy if the price will break below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement . If prices push downwards,...
Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement. If prices push downwards, prices...
Prices are facing bullish pressure from 1st support level which is in line with 50% fibonacci extension and 78.6% fibonacci retracement . Prices might push up towards 1st resistance which is horizontal swing high resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement . If prices fall through 1st support, prices might take...
Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some...
Foreign exchange analysts at Danske Bank expect the US Dollar to gain ground during the year ahead, primarily under the influence of a very strong US economic recovery. After little change on a 1-month view, the Euro-to-Dollar exchange rate ( EUR/USD ) is expected to weaken 0.7% to 1.1800 on a 3-month view. The losses are expected to continue on a 6 and 12-month...
Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Market closed above main sr level. 4 HOUR Expecting strong bullish price action. DAILY Bullish market structure about to push towards previous highs. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.96530 SL @ 0.96150 TP @ 0.97070 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different...
AUDCAD after the long descending downtrend reached and bounced over the weekly support. The price has now reached the upper trendline and according to Plancton's strategy if the price will break above we can set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
AUDCAD after the last retracement touches the previous support now turned resistance below a descending trendline. According to Plancton's strategy if the market will break below the minor trendline we can set a nice a short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...