AUDCAD is approaching our first resistance at 0.95503 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9520 (horizontal pullback support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we...
Past week, existing home sales in US fell 6.4%. CB Leading Index dropped 0.1%. Next week, the Fed will hold it’s 2-day meeting and statement will be released on Thursday. Friday NFP are forecasting a drop from 312k to 165k. DXY last week seems been picking up after it broke off 96.00 levels. It continues up to about 96.70 levels before having a strong bear down...
AUDCAD LONG TRADE IDEA JOIN MY TELEGRAM CHANNEL FOR PREMIUM SIGNALS : t.me/wolfentrysignals
** This all depends on the aussies ability to hold this current level ** ( Gray Box ) A break below without a strong reaction will invalidate this trade. If it does hold, i would expect a bounce. Aggressive and conservative positions on chart
Hi Traders, The AUDCAD has broken out of the major bullish corrective structure Counter Trend Line (CTL) after it retested the H&S neckline that lined up with 50.0 Fib ratio, descending trend line and moving averages. . Considering that the price has also broken the CTL of minor consolidation correction which retested the major Counter Trend Line...
Broken the trend line and support, wait for retest then short scalping
Producer Price Index fell 0.2% in December, NAHB Housing Market Index climb 2 points in January and Industrial Production expanded 0.3 in December. The ongoing partial government shutdown delayed the December reports for housing stats and retail sales last week. DXY last week broke 95.70 levels and head towards 96.30. It seems having some resistance levels where...
AUDCAD is approaching resistance at 0.9576 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9509 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
AUDCAD is approaching its resistance at 0.9574 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9464 (38.2% Fibonacci retracement, Horizontal swing low support). Stochastic (89, 5, 3) is testing its resistance at 98% where a potential reversal could occur.
AUDCAD is testing its resistance at 0.9565 (100% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9465 (38.2% Fibonacci retracement, horizontal swing low support) may occur. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop may occur.
Past week, US ISM Non-Manufacturing index dropped in December. US jobs openings and NFIB Index dropped. Consumer Price Index dropped 0.1% but core price inflation remained firm and consistent with the Federal Reserve’s inflation target. DXY last week has broken H4 support at 95.70 levels and rebound turning that levels from support to resistance. Overall...
AUDCAD is approaching its resistance at 0.9537 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it may reverse down to its support at 0.9407 (50% Fibonacci retracement). RSI (21) is approaching its resistance where a corresponding reversal may occur.
AUDCAD is approaching our first resistance at 0.9534 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 0.9443 (38.2% fibonacci retracement, horizontal swing low resistance). RSI (55) is also approaching resistance and we might see a...
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