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Aud-cad

AUDCAD approaching support, potential bounce! AUDCAD is approaching our first support at 0.9485 (horizontal overlap support, 38.2% fibonacci retracement, 100% fibonacci extension) where a strong bounce to our major resistance at 0.9524 (horizontal overlap resistance, 50% fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
AUD/CAD long opportunity AUD/CAD is extending gains above 110-EMA and is on track to test 61.8% Fib. The pair has broken out of daily cloud and major trendline resistance at 0.9515. Technical analysis is bullish. RSI is above 50, bias higher. Stochs show bullish momentum. Next immediate resistance lies at 55W EMA at 0.9574, breakout eyes 76.4% Fib at 0.9658. On the flipside, retrace below 110-EMA will see weakness till trendline support at 0.9335. Support levels - 0.9515 (cloud top), 0.9490 (110-EMA), 0.9470 (38.2% Fib) Resistance levels - 0.9574 (55W EMA), 0.9586 (61.8% Fib), 0.96 Good to go long on dips around 0.9530, SL: 0.9490, TP: 0.9575/ 0.96/ 0.9630
Long
by FxWirePro
AUDCAD approaching support, potential bounce!AUDCAD is approaching our first support at 0.9388 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.9441 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
AUDCAD approaching resistance, potential drop! AUDCAD is approaching our first resistance at 0.9487 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level to our major support at 0.9423 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUD/CAD short setupAUD/CAD rejected at 110-EMA and capped below daily cloud. Recovery attempts in the pair have been capped below 21-EMA. Scope for test of 61.8% Fib at 0.9360 on continued bearish momentum. Retrace above 21-EMA could see minor upside. Bearish invalidation only above 110-EMA. Support levels - 0.9378 (Feb 7 low), 0.9360 (61.8% Fib), 0.9335 (trendline) Resistance levels - 0.9436 (21-EMA), 0.9491 (110-EMA), 0.95 Good to go short on upticks, SL: 0.9440, TP: 0.9375/ 0.9360/ 0.9340
Short
by FxWirePro
AUDCAD Approaching Support, Prepare For A Further RiseAUDCAD approached its support at 0.9424(61.8% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ) where it could potentially bounce to its resistance at 0.9466(61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Klimex
A trading opportunity to Buy in AUDCADMidterm forecast: While the price is above the support 0.9105, resumption of uptrend is expected. We make sure when the resistance at 0.9775 breaks. If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 51. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9380) Ending of entry zone (0.9325) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019. Take Profits: TP1 = @ 0.9490 TP2 = @ 0.9565 TP3 = @ 0.9665 TP4 = @ 0.9775 TP5 = @ 0.9915 TP6 = @ 1.0090 TP7 = @ 1.0350 TP8 = Free
Long
by ForecastCity
4
A trading opportunity to Buy in AUDCADMidterm forecast: While the price is above the support 0.9105, resumption of uptrend is expected. We make sure when the resistance at 0.9775 breaks. If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 51. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9380) Ending of entry zone (0.9325) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019. Take Profits: TP1 = @ 0.9490 TP2 = @ 0.9565 TP3 = @ 0.9665 TP4 = @ 0.9775 TP5 = @ 0.9915 TP6 = @ 1.0090 TP7 = @ 1.0350 TP8 = Free
Long
by ForecastCity
2