Expect price to retest support levels at 0.9417 & 0.9389
Waiting to JUMP THE CREEK off of the order block. Smart Money sold to buy and I am waiting for them to breakeven on the sell to push market up. Spread was WAY too big when the market opened yesterday, so I would like to see price come back to 0.94650 again give or take a few pips. Then we will jump in with the buy and ride it to the previous highs.
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. suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9315). Take Profits: Tp...
Hi there. Price is forming a continuation pattern on lower time frame. Wait for the price to complete the pattern and watch strong price action for sell.
Completion of C wave expected to push the move up.
1. After stalking it to look for a buy, Buyers seems to be unable to hold grounds. 2. Turning into a sell instead. Sellers just broke the 5m Range hoping the break out will take the price to the recent lows of the 60m chart.
1. Overall AUD group are in a down trend 2. AUDCAD shows buyers taking over and other AUD Pairs are starting to show weakness in sellers 3. Waiting for prices to pull back into the green box and hoping to see price stabilize in that region 4. Waiting for sellers to die off in the 15m charts before entering
After yesterday's drop, the pair has bounced on a S/R area. If it keeps pushing up, I'll be expecting it to reach the next resistance level.
AUDCAD has been in an overall downtrend so far and seems to face resistance at the 61.8% Fib level. In addition to the Fib and horizontal resistance, the price has also formed a bearish divergence on the MACD. Today's strong bearish candle and rising oil prices (positive for CAD) supports our view.
Criteria: 1. Fibo retracement 62% 2. Fibo extension 161% 3. 2011 low 4. Previous 2019 high 5. The round number 0.96000 6. Channel projections From a technical perspective, this level should be pretty strong, add here some fundamentals, etc. Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice...
Good breakout above resistance on the AUDCAD Daily chart. Waiting for price to fall back into my highlighted reigon near 0.958 before entering a long trade. Target is 0.970
If price doesn't surpass the double top resistance, expect the pennant to break to the downside, targeting next support.
- The pair extends gains above 200-DMA - Breaks above major trendline resistance at 0.9540 - RSI above 50, bias higher - Stochs sharply higher, momentum bullish What Watch: - Monthly New Housing Price Index (NHPI) from Canada - Speech from Bank of Canada’s (BOC) governing council member Carolyn Wilkins at the World Bank’s panel discussion. Support levels -...
AUDCAD is approaching its support at 0.9481 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 0.9511(50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur. Trading CFDs...
Possible short position- to take into account nearing support levels
Financial markets await the latest economic assessment from the ECB ECB headlines During the upcoming trading week traders and investors look to the European Central Bank rate decision and press conference with ECB President Mario Draghi. The ECB is widely expected to keep rates on hold, with market participants expecting President Draghi to turn even more...
LogicStrategy Scores AUD Short Bias - Huge -21 shift CAD long Bias - Continued strength with a +15 shift TA - In a confirmed sell off price band - low breaks - Evening Stars