AUDCAD 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...
Hi All , I will be buy at pullback , but if the support doesn't hold then this setup is invalid . If we break resistance and close above it then I will open a buy instead of pullbacks. Many thanks.
We see a downtrend formed by lower highs and lower lows. potential tp at a new lower low. Confirmation for me is the touch of the black trendline + a strong resistance (multiple times reversed). Leave your comments below!
Midterm 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...
Midterm 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...
We are waiting for a pull back to the 9300 zone to enter as you can see from the chart the 9300 zone has been a great area of confluence launching level for the AUD CAD Bulls entry now would be 2 to 1 we will wait further for a better ROI and a cheaper entry We would like to get a 4 to 1 position so we will wait
COT Report says AUD is weak this weak while CAD is going long. Strong move upward since this morning expecting for a retest of 0.94700 wait for confirmation and sell. Potential 130pips+ trade.
Midterm 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 support #1 at 36 is not broken, the probability of price decrease would be too...
Retail sales decline 1.2% in Dec. The advance estimate of durable goods data for Dec revealed a rise in capital goods shipments. Housing starts drop 11.2% in December in overall starts marked. The third decline in the past four months. Consumer confidences reversed and rose to 131.4. Consumers reported that current conditions were good. US GDP outturn was strong...
All the required information is on the chart. Best, Hannibal
AUDCAD approached our first resistance at 0.9407(50% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.9320(100% Fibonacci extension , horizontal swing low support). Ichimoku cloud is also approaching resistance and we might see a corresponding drop in price should...
NAHB Housing Market Index rose two consecutive months after plunge over final months of 2018. “Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment,” said NAHB Chairman Randy Noel. The NAHB index gauges builders’ perception of present sales and future activity over the next six...
AUDCAD is approaching its resistance at 0.9424 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 0.9394 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal may occur.
Hi Traders, The AUDCAD has been carving a potential double ZigZag with flat X-wave after a strong five-wave bullish impulse. . The price seems to be making a bearish impulse which is most likely wave (c) of Y and could signal the resumption of the bullish trend after the completion. . Considering, that the price has broken the corrective structure (b) of Y, the...
GBPJPY is now struggling to break weekly resistance at 145.000 level, which is acting as pretty important level for this pair. We have two scenarios: If GBPJPY breaks 145.000, it's gonna go for retest and then shoot up to 147.000 area, which acts like a next resistance area. If 145 area will hold, we can see GBPJPY coming down back to 143.500 and then...
AUD/CAD at a key zone, read on screen callouts on what to do