AUDCAD is approaching our first support at 0.9572 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9652 (100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and seeing a bullish divergence where we...
AUDCAD have been trading within a muli-session bearish channel, Since this market broke out past week so i am expecting it to continue its downside possibly approaching the prior lows around 0.9500 -0.9450 area. Momentum all across the board is well lined up, watch this market for a break out as mentioned on the chart. Trade Safe! Thanks for your support.
AUDCAD Long Setup. Details are on the chart. P, D, P.
Looks like a solid H&S here, but still no break of the neckline so far. For this H&S to remain valid, that red zone should not break anymore. For the H&S to be confirmed, it should break that green support as well. Target of this H&S is at the yellow circle
AUDCAD is approaching its support at 0.9573 (76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 0.9673 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce could occur.
Currently market is holding Daily support level but looks like this will not hold strong and market will fall to next support level .. If market crosses R1 , we will be looking for Long opportunity(Low Probability Case) ..Still we are waiting for market to make a move ,, we will update our entry position once we get certain Opportunity.. GOOD LUCK Trade Green
AUDCAD Sell Setup. Details are on the chart. Patiently waiting for a proper breakout of the support zone. P, D, P.
AUDCAD broke out last week, current price action seems to be forming a higher low to then start of fresh falls, since overall momentum is quite weak on this market when looking across bigger picture. Keep watching this market for a possible shorts ahead. Trade Safe! Thanks for your support.
AUDCAD bounced off its support at 0.9573 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.9725 (61.8% Fibonacci extension , 76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) bounced off its support at 2% where a corresponding rise could occur.
AUDCAD is approaching our first support at 0.9629 (horizontal swing low support, 32.8% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9726 (100%, 61.8% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we...
AUDCAD Double Top Details are on the chart. P, D, P.
Past week, 10 year Treasury rates dropped below 2.9% which will concerns about inflation and growth. No agreements will be made in the next 90 days for the next round of tariffs. Unemployment Claims increased, ADP reported smaller than expected rise in employment and Challenger Job Cuts y/y job cuts rose 51.5% in November. Trade balance also widened but factory...
AUDCAD is approaching its resistance at 0.9727 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse down to its support at 0.9601(61.8% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
AUDCAD is showing a few signs of a potential drop. First off I just wanted to point out that the massive drop we saw last week needed to blow off some steam! It was obvious we were going to see price increase again after such a move. It was only a matter of time. So if you take a look at our order book on the MACD we are seeing massive sell orders come in. Now the...
The combined stellar Canada jobs report, the softer US employment outcome but more significantly the rebound, or at least steadying, in oil prices after OPEC agreed on a 1.2 mln barrel per day output cut, have fostered a corrected USDCAD. Another interesting pair is AUDCAD, which failed to form a bearish rounding top in the daily timeframe, as it rebounded...
AUDCAD is approaching its support at 0.9529 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9646 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
AUDCAD is approaching our first support at 0.9523 (horizontal swing low support, 38.2% fibonacci retracemen, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9674 (61.8% Fiboancci retracement, 61.8% Fiboancci extension). Stochastic (89,5,3) is also approaching support and we might see a...