AUDCAD Support and Resistance Areas shown on daily chart.
AUDCAD is approaching its resistance at 0.9507(61.8% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to drop further to its support at 0.9440(76.4% Fibonacci retracement , horizontal pullback support,61.8% Fibonacci extension ). Stochastic (55, 5, 3) reversed off its resistance at 97% where a...
AUDCAD is approaching its resistance at 0.9507(61.8% Fibonacci extension ,61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.9440(76.4% Fibonacci retracement, horizontal pullback support,61.8% Fibonacci extension). Stochastic (55, 5, 3) reversed off its resistance at 97% where a...
Taking a long position on CAD before NFP Friday. Ideal entry just below 0.95, with a target of about 100 pips to the downside
Bias: Long Technical Strategy: Descending Wedge Pattern + Monthly Support Target: TP1: Base of Pattern TP2: Next resistance area + Fibonacci Cluster Commentary: AUD on it's way to a bullish run and CAD is on a decline.
SELL THE BREAKOUT DONT RISK YOUR MONEY FOLLOW MY TRADES!!
SELL THE BREAKOUT DONT RISK YOUR MONEY FOLLOW MY TRADES
Strong resistance can be seen, and the current candle is at this level now, price going into this level is not overly strong so we can only see price respecting this level and making bearish movement. Get on this trade and thank us later :p See how easy trading can be? keep your charts simple and clean and you will spot good setups.
AUDCAD is approaching our first support at 0.9485 (horizontal overlap support, 38.2% fibonacci retracement, 61.8%, 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....
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...
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...
The pair has broken the bearish trend and is now facing rejection in a resistance area. Adding the Daily and 4h Stochastics, we should see the pair dropping, forming a pullback towards the trendline previously broken.
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...
Entry price, stop loss and targets are mentioned on chart.
AUDCAD has broken through the current downtrend on large bull momentum (steep stochastics). We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term. In the long-term we can see 0.97000 being tested if the trend holds. SL below recent lows. Buy TP 1: 0.95400 TP 2: 0.95950 TP 3: 0.97000 SL 1: 0.93800 SL 2: 0.93180
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...
AUD/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...
AUDCAD is approaching our first support at 0.9392 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.9451 (61.8% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can...