AUDCAD is on a strong bullish reversal as the price made a new LL at the bottom of the Channel Down. The 1D time frame is still technically bearish (RSI = 41.867, MACD = -0.004, ADX = 60.849) and it won't start providing sell signals before it turns neutral at least. We will buy on the current market price and target the 1D MA50 (TP1 = 0.897500). On the 1D MA50 we...
Cette paire semble continuer sa descente. La tendance est donc baissière.
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.89400 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 0.89400 support and resistance zone, i would also keep an eye on the stock market to confirm the bias as AUDCAD does correlate...
-SL @ 0.9945 🚫 SLO @ 0.9866 ⏳ TP4 @ 0.9800 (closing ALL Buy Orders) TP3 @ 0.9625 (shaving 25%) TP2 @ 0.9340 (shaving 25%) TP1 @ 0.9150 (shaving 25%) BSO @ 0.8890 ⏳ -SL @ 0.8800 🚫
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89900 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.89900 resistance zone, i would also keep an eye on the stock market to confirm the bias as AUDCAD does correlate positively with...
- Triple bottom - Break from downtrend - Retest of support matched with downtrend line PLAN - Look for entries on higher highs and higher lows - Role reversals
Update for my yesterday's post for AUDCAD. The pair retested the broken neckline of a triangle on a daily. And you know what. Retesting that, it formed the same tiny little triangle on 1H time frame and broke its neckline as well. It gives a strong intraday confirmation. The pair will most likely keep falling to 0.8977 ❤️Please, support my work with like,...
The AUDCAD pair is on the 1D MA50 for the third successive day, which is also the top of the Channel Down pattern. The 1D technicals have turned neutral (RSI = 52.833, MACD = -0.001, ADX = 23.757), indicating that this is technically a firm sell entry. We will use this opportunity to short and target the S3 (TP = 0.88650) as all the Higher Lows of the uptrend...
The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High. With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90600 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.906 supply and demand zone, i would like to keep an eye on the stock market as American Indices that correlate positively with...
Potential buy opportunity here. Not Advice. Nice 5 wave count. Looking for 38% target on fibonacci tool.
AUDCAD on the 4h chart after the recent low resets the weekly resistance. We can notice how the structure is at the 50% retracement of the previous bearish impulse. The price has been rejected by the area and is now trading over a 4h support. According to Plancton's strategy IF the pair will break below we can look for a nice short order according to the MTB...
As of today, the AUD/CAD exchange rate has been displaying a consistent bearish trend, characterized by a series of lower highs and lower lows. Notably, on 23 April 2023, the pair reached a high of 0.9100, followed by a subsequent drop in value to its current level of 0.9000. Further analysis reveals that the exchange rate has been trading within a symmetrical...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90750 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.90750 Support and resistance zone. i would also keep an eye on indices to confirm the bias as AUDCAD does correlate positively with...
Hi viewers, AUDCAD currently price on zone, here new bullish push for expect. TP1:0.91300 (65) TP2:0.91650 (100)
Hello guys, -entry market -cad on 15m timeframe is really weakness -risk 2% Jindrich
Hi viewers, AUDCAD in last days bullish trend we are can see, currently price on zone, here break expecting and bullish continuation for next periods TP1:0.91200 (85) TP2:0.91600 (125) TP3:0.91900 (155)
Hey everyone Although the 1-4 moving averages are at the bottom showing bull pressure, higher timeframes are likely to react and push the market back down, strong down-trend on the daily, also 200 moving average on the daily, showing maybe a push exhaustion cycle.