Welcome back! Please support this idea with a LIKE if you find it useful. *** AUD/CAD - Currently holding support at 9670. I expect to see a correction to the 50% Fib level and then a trend continuation on the Daily. Price could also re-test previous resistance at 9760 (red zone). We recommend that you keep this pair on your watchlist and enter when the entry...
AUDCAD is facing bullish pressure from the ascending trendline support. Prices are taking support from 1st support which coincides with 50% fibonacci extension and 61.8% fibonacci extension. Prices might bounce and reach 1st resistance which is in line with 161.8% extension. If prices fall through, it might reach 2nd support which is in line with -68% and 161.8%...
AUDCAD is probably my favourite set up for this week. Clear levels, clear break and hopefully a clear retest. Watch for price to move up correctively and enter on break of correction. See links below as to why we're looking for AUD weakness. Good luck and trade safe!
AUDCAD is probably my favourite set up for this week. Clear levels, clear break and hopefully a clear retest. Watch for price to move up correctively and enter on break of correction. See links below as to why we're looking for AUD weakness. Good luck and trade safe!
Good evening FXtraders wishing you all a profitable week, AUD/CAD has reached a key support level from which if the news underpins the AUD we are hoping to buy and reach 0.98000 level. Good Luck. ** This is just my analysis and you are not obliged in any way to follow it. Follow me for more ideas and forecasts.
Based on what we see from the higher time frames (weekly time frame), we can see that price may enter a nice SELL zone for bears on AUDCAD. For this specific pair, keep an eye out and let the market come to you. A great entry setup for Bears is right around 0.98110 , you can expect to take profit either at 0.96995 or more aggressively at 0.96200 .
price currently showing a strong rejection toward the down side , now waiting for price to break through the pervious support zone .
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AUDCAD after the last recent high retraced sharply below the weekly resistance. The market is now testing again the 0.98800 area. 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 ->...
Looks like risk on currencies are having a bounce to upside this morning. In an uptrend on higher time frames and rejecting 61. 8 fib level on higher time frames. Currently seeing a break out of a triangle formation on lower time frames - will be looking for long opportunities on some sort of retest/correction
AUDCAD retested broken downtrendline Price respects major uptrendline Price is based on HVN at level 0.9840 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum RSI is in uptrend we r waiting price to break consolidation area around level 0.9855 to open long trade It's expected to target resistance level at 0.9990
AFTER REJECTING THE TREND LINE FOR 4 TIMES THIS MIGHT BE THE 5TH , SO BETTER TO YOU TO FIND SHORT POSITION ON SMALL FRAMES 4H OR 1H , AFTER REJECTING SUPPORTS , AND IF YOU TAKE A LOOK ON THE DAILY FRAME THE RSI GIVES US A CLEAR DIVERGANCE WICH CONFIRM THAT THIS UPTREND ARE LOSSING HIS BULLISH VOLATILITY ! DON'T FORGET TO FOLLOW ME FOR STUNING ANNALYSIS ! ...
Midterm forecast: While the price is below the resistance 0.9990, beginning of downtrend is expected. We make sure when the support at 0.9650 breaks. If the resistance at 0.9990 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.9899 on 2021-01-06 and the...
Midterm forecast: While the price is below the resistance 0.9990, beginning of downtrend is expected. We make sure when the support at 0.9650 breaks. If the resistance at 0.9990 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.9899 on 2021-01-06 and the...
After our last analysis AUDCAD broke above the weekly resistance and currently the price is retracing inside a bull flag. According to Plancton's strategy, if the conditions will be satisfied we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
Trading Signal: A Trading Signal is seen in the AUDCAD Currency Pair. Traders can open their Buy Trades NOW If you liked our ideas, please support us with your likes 👍 and comments.