quick analysis of AUDCAD to begin my day, from my analysis i feel like AUDCAD will have strong momentum on the downside
AUDCAD is seeing major resistance below 0.9702 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at that level to push prices all the way down to major support at 0.9627 (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (55,5,3) is seeing major resistance at 93% where...
AUDCAD is approaching our first resistance at 0.9706 (horizontal overlap resistance, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 0.9631 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance where a...
I am looking to go long on the AUDCAD at current market price. Targets set at 1.01650 area. There is a great potential for this trade, good luck everyone.
Price is approaching our first support at 0.9553 (Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9698 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also...
AUDCAD is approaching our first support at 0.9550 (Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9698 (horizontal pullback resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also...
AUDCAD is approaching our first support at 0.9551 (Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9698 (horizontal pullback resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also...
AUDCAD is approaching our first resistance at 0.97072 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 0.9633 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in...
Price should drop all the way to the Fibonacci extension level that coincides with Fibonacci retracement level and outer Bollinger & Hurst channel bands. We should watch for reactions at the marked Fib areas. From AUDCAD and NZDCAD analysis, we can conculde that CAD is getting stronger (short XXXCAD pairs, go long on CADXXX) while AUD and NZD are weakining (short...
www.youtube.com It will go up a little but than the bears will strike.
it's possible that a leading diagonal is in the making on gold break the low will invalidate it
WELCOME TO DACAPITAL TRADING!! AUDCAD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Small Bullish Pullback and Price getting Slower, good entry! DAILY Last few Days Market started to pullback into our Favor WEEKLY Overall very Bearish with a very strong Bearish price action last 3 weeks LEVELS SELL AUDCAD @...
The pair has broken support at 50-DMA and is on track for further downside. Price action is hovering around daily cloud base at 0.9695 which is strong support. Technical analysis for the pair supports further weakness. Stochs and RSI are sharply lower. Price action is below major EMAs and Bollinger Bands are widening and we see -ve DMI dominance. Break below daily...
The correction is finally ended and price broke the trendline. Looking for short setup on lower time frames for a precise entry.
Buy above 0.9737. Stop loss at 0.9698. Take profit at 0.9809. Reason for the trading strategy (technically): AUDCAD is testing major support at 0.9737 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.9809 (Fibonacci retracement, horizontal...
All Information on Chart COMMENT any questions Don't forget to like and follow