Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89200 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 trend at 0.89200 support and resistance area. Trade safe, Joe.
It's been 2.5 months since we last traded AUDCAD, when it gave us a sell signal (see chart below) right at the top of its Channel Down for maximum gain: Right now, the pattern is getting wider and its new bearish leg to a new Lower Low may be starting as last Friday's inability to close above the 1D MA200 (orange trend-line) may result in a Lower High...
this pair is back to approaching and testing a major resistance level at around 0.90962.
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.90200 zone, AUDCAD is trading in a downtrend and currently seems to be attempting to break it out. If we get rallies above 0.90200 resistance are we will be watching a potential retrace of the trend towards more highs. Trade safe, Joe.
AUDCAD hit the 1D MA200 yesteday and came just shu off the top of the Channel Down. The 1D timeframe is technically bullish (RSI = 62.944, MACD = 0.002, ADX = 28.766) but the RSI is also near the top of its Rectangle pattern. The previous top coincided with the Channel Down rejection. Consequently we are opening a sell now and target the S1 (TP1 = 0.874500) and...
SLO2 @ 0.6856 (conservative) SLO1 @ 0.6706 (aggressive) TP3 @ 0.6630 TP2 @ 0.6357 TP1 @ 0.5925 BSO4 @ 0.5664 BSO3 @ 0.5505 TP0 @ 0.5497 (@ Minor Resistance) BSO2 @ 0.5452 (9m) ⏳ BSO1 @ 0.5447 (9m) ⏳ ADDITIONAL INFO: — TP0 is our earliest TP for Day Trading — shaving 25% from TP1/TP2 — closing ALL Buy Orders @ TP3 ⚠️ Trading the All-Time Low on this pair is...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88500 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 0.88500 supply zone. Trade safe, Joe.
AUDCAD is trading inside a Channel Down pattern since the end of January. A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.91000 (Resistance and Fibonacci 0.5). Tips: 1. The RSI (1d) is...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89100 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching a significant weekly support and resistance zone of 0.89100. Trade safe, Joe.
AUDCAD is approaching the bottom of the annual Channel Down, having crossed under the 0.236 Fibonacci level. As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise. Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first. Follow us, like the idea and leave a comment below!!
Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken. It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price. A drop from here could see prices drop all the way to the major swing low at...
AUDCAD reached a solid horizontal resistance last week. The market was steadily growing within a rising wedge pattern. After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge. Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement. Goals: 0.901 /...
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Hey Traders, We are closely observing AUDCAD in tomorrow's trading session for a potential buying opportunity within the 0.90300 zone. AUDCAD is currently trading within an ascending channel and appears to be approaching the channel's support near the 0.90300 supply and demand area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.9 zone. AUDCAD is trading in a downtrend and current is in a correction phase in which it is approaching the major trend at 0.9 resistance area. Trade safe, Joe.
SLO @ 0.9866 ⏳ TP3 @ 0.9630 (closing ALL Buy Orders) TP2 @ 0.9340 (shaving 25%) TP1 @ 0.9155 (shaving 25%) BSO @ 0.8985 ⏳ BLO @ 0.8910 ⏳
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90100 zone, AUDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.901000 support and resistance zone. Trade safe, Joe.
Hey Traders, in tomorrow's trading session we are monitoring AUDCAD for a buying opportunity around 0.88500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently AUDCAD is in a correction phase in which it is approaching the retrace area at 0.88500 support and resistance zone. Trade safe, Joe.