The previous bullish drive and price resistance against supply from the area supported by the cloud and moving average could provide the potential for renewed growth.
The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50....
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.87500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.87500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88000 support and resistance zone. Trade safe, Joe.
SLO2 @ 0.9495 ⏳ SLO1 @ 0.9400 ⏳ TP4 @ 0.9356 (closing ALL Buy Orders) TP3 @ 0.9185 (shaving 25%) TP2 @ 0.9080 (shaving 25%) TP1 @ 0.8920 (shaving 25%) BSO @ 0.8766 ⏳ BLO @ 0.8666 ⏳ PA is officially trading in the Demand Zone. It appears that the DT retracement is over We should see this oversold instrument reverse in our favor towards the upside
Sell AUDCAD Bearish Flag Sell Aud/Cad @ 0.8693 Tp - 0.8614 Sl - 0.8725 Its Good chance to sell today. Thank you
Hey Traders, in today’s trading session we are monitoring AUDCAD for a selling opportunity around 0.87400 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.87400 support and resistance. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring AUDCAD for a selling opportunity around 0.89 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89 resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.87300 zone, AUDCAD was trading in a downtrend and successfully managed to break it out, currently we are waiting for a protection in order to see a potential retrace of the trend from 0.87300 support and resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.88000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88000 support and resistance zone. Trade safe, Joe.
The AUDCAD pair followed our prediction on the last analysis we made a month ago (see chart below) and hit two targets on the way to the bottom of the long-term Channel Down: The price is now on the 2nd straight green 1D candle after a flat Friday, which was most likely the bottom reversal of the Channel Down. As the 1D RSI hit the bottom of its Rectangle...
Aussie is performing really badly and though CAD suffered on Friday due to the unemployment data, I think it will show strength due to the rising price of oil (which looks set to continue). We're in a bearish downtrend that I can't see stopping soon, so looking for shorts around 0.882 - 0.885.
AUD/CAD was retesting a horizontal resistance level of 0.887 while trading in a downtrend so I thought that we will see bearish continuation and we saw it!
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.87400 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.87400 support and resistance area. Trade safe, Joe.
The end of the long-term trend and the return of the price, please trade carefully
Greetings everyone, The AUDCAD pair presents a compelling buy opportunity, as indicated by the strong bearish pressure. This is reflected by the candlesticks' positioning under all four moving averages. Confirming our analysis, the overall market trend, as evidenced across various timeframes, aligns favorably with this trade. To further validate our entry, we...
TP4 (closing ALL Buy Orders) TP1 thru TP3 (shaving 50%) BSO @ 0.8820 ⏳ MO-LONG @ 0.8808 📈 — Buy Stop Order Add-On @ 50% Position Size
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.89500 support and resistance zone. Trade safe, Joe.