The currency pair AUD/CAD has many reasons to sell. 1. We have a day candle that closes very close to its lowest level! 2. The 4 hour chart has reached 61.8 Fibo! 3. And At one hour we have a wedge correction at levels around 38.2 Fibo from last down move. What do you think?
Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Prices broke back to averige price movement. 4 HOUR Bearish reaction to previous resistance level. DAILY Bullish pullback in a bearish market, great short entries. - FOREX SETUP SELL AUDCAD 1ST ENTRY @ 0.99540 (Wait for trigger) 2ND ENTRY @ 0.89860 SL @ 0.90430 TP @ 0.88580 RR: 1.1 / 2.35 Use 0.5% risk...
PAIR IN FOCUS: AUDCAD ACTION: LONG This is a WEEKLY trade and will require some patience. Currently, there are RSI divergence signals on H1 AND WEEKLY charting, with both having opposing views. On the H1 chart, there is BEARISH RSI divergence, while on the Weekly chart, there is BULLISH RSI divergence. I believe the case for WEEKLY is stronger as Bullish...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
The AUDCAD pair reached a resistance zone on the daily timeframe which aligns with the 38.2% Fib level. The pair is trading in a falling channel, and the daily candlestick looks like an indecisive spinning top. With recovering oil prices, the pair might see lower prices by the end of the week. Please hit the "LIKE" button to support us. Thanks!
I missed the trade setup with the bearish harmonic last week. Shame on me. Bad Nika. Now that it's almost over since the trade is sitting at a daily SR level with rock bottom RSIs on the 4hr, daily, and monthly, it's time to say buh-bye to the short and get ready for potential trade setups for next month. On the monthly, we have a doji formed at the bottom of...
A nice resistance area and a candle that shows a shifting momentum lead me to believe that we could see an upward push next week given that both the current and the following candle supports the idea.
AUD/CAD is witnessing a sell - on rally from 0.9090 level. It has recently made an attempt to pierce through an uptrend line prevelant since 30th August in 4 hours chart. The decline in the pair is in accordance with the RSI that has already indicated a short spree in the pair at 53.90 level. Furthermore, the pair has also formed a head and shoulder chart pattern...
I expect, that the trendline will get broken, because of the U-form. Furthermore, the price made a higher low. EDIT: We are also in an uptrend on the H4 timeframe, I forgot to write that.
AUDCAD starting this trading week with a strong action by buyers that push the price above the ascending triangle we had after the weekend gap. Very good risk to reward ratio, hard to pass on this trade.
Two possible roots to 0.94 Either get a retest of previous structure or we will just consolidate in and around a previous consolidation zone and then move higher. either way i'll be looking to trade the break of the consolidation zone
After a recurring descending trendline breakout and obvious bear cessation, the price hit a powerful support made visible by a double bottom. Another descending trendline was also broken awaiting a possible retest whereby I will place my long position with a Stop below a secondary support not far from the trendline. However, if there is no retracement I will look...
AUDCAD has signaled a long opportunity that could be very rewarding, a 1:2.27 risk-reward ratio, if we put enough patience and trust our analysis: 1. Since April 2019, price has been following a downtrend, with the aussie dollar showing quite a lot of weakness, due to worsening economic conditions, and heavily affected by the US-China conflict, as China is...
AUDCAD is trading within Consolidation Range, with multiple rejections at resistance. R/R is 2.28 for this trade Week of 9/9/2019
Recently buyers have troubles pushing the market up(the area is within blue rectangle). In the last movement up we can see a channel and fading of the moventum (which is shown as a lower high on MACD) in comparason with the previous run. In our technical analysis we have two scenarios. However, at the moment we stay neutral as the channel hasn't been broken yet,...