Hello, happy Easter to you all. If not today then probably next monday we should see AUD on this pair fall. Right now in this moment when writing the price have fight between bulls and bears. Price can and it will go up more before next fall.
Cad is strengthening... This pair has just broken its resistance and I am seeing my downside to the bottom support zone. It is understood that once a support has been broken, it will turn into a resistance. Looking to take a short trade should price revisit 1.005 for a Low risk entry short.
Hello Traders, today we would like to share with you the AUDCAD as it seems that it may push lower. As market hit for the third time our reaction point at 1.03, is bounced back and is making in lower timeframes a potential S-H-S formation. This may be first clues that a lower extend to the downside is possible. Looking at our intermarket indications, which...
Nice short opportunity here at yearly R1 pivot 1,0285 look for target of 1,0214 Woodie yearly R1 and fibonacci yearly R1 1,0210
Looks like a head and shoulders. The head rejected the trend line and the blue resistance area.
Price has broken a bullish channel what indicates a good oportunity to go short. Now price is overselled, we must expect some correction(pullback) . Then, we will have one support level to put one of our targets. If price brokes that level, we can expect another bearish movement.
Aud appraoched its 3rd retest of 1.03242 on a month time frame, On the day chart it has not broken its ascending channel, looking for a lower approach
AUD/CAD is extending declines for 3rd consecutive session, has broken major trendline support at 1.0225, intraday bias lower. The pair is currently holding above 20-DMA at 1.0189, weakness likely on break below. Technical studies point to further downside, break below 20-DMA finds next major support at 1.0070 (50-DMA). RSI has turned lower from near overbought...
Hi Freedom Traders, hope you all had a great weekend. If you are following my trading ideas you know that we are currently short in the AUDCAD due to a bearish cypher pattern completion. For those who missed this trading opportunity there is a chance of a bat pattern completion at 1.0311. At around the same level I also spotted an AB = CD Pattern...
Price is next to a resistance key level. Next week will be relevant to see how price reacts to that resistance. If stops, we project bearish movement till 1,000(Psychological level). Then, if price breaks that support level, pair could fall till 0.97 level.
Price is in the sell zone. Looking at a sell when a nice candle appear. Super high probability with LRE
Looking higher within the Ending Diagonal, with a larger C wave down to follow.