AUD/CAD trades a narrow range on the day, with a high of 0.9820 and a low of 0.9785. Oil-price weakness, after bearish US rigs count report last week likely to keep CAD depressed. The pair is holding above major support by 200-DMA at 0.9781, violation there could see test of 0.9722 (50% Fib). We have evidenced a hammer formation at lows near 0.9761 on Friday's...
pulling this trade out from the ground is not an easy job looking marvellous it is a great reversal at the peak point about to drop i am 2000% sure that it will drop from this one looks aewsome.
AUDCAD has made a strong bearish move over the last couple of days, it fell so strongly that I am now expecting a pull back of some sort to the resistance area, I will then await bearish confirmation to enter a short.
AUD/CAD has ended its consolidation phase and has resumed uptrend. The pair has bounced off 38.2% Fib at 0.9723, broken stiff resistance at 0.9979 and is extending upside. For a medium-term outlook, trend is bullish. We see scope for test of 1.0350 levels. Weakness only below 23.6% Fib at 0.9817. Violation there could see drag till 0.9650 and then 0.9490...
AUDCAD Broke out of the July range. Pullback to retest levels would make a great entry to re-enter trend.
We are short as the hourly chart is trading below the ascending support line, now acting as a resistance line. Also we are on a historic key level of resistance. Also confluence with daily descending trend line.
AUDNZD have just confirmed the reversal, the price lost its momentum and stalled at the support area. Nothing to add here ;)
Reasons to sell: - Leaving daily supply zone - In line with downtrend (demand zones being broken on smaller timeframe) - Favourable risk/reward
iam watching this baby here for a potential short reaction.... entering after price penetrates and leaves the selling zone again. breaking the zone leads to invalidation.. this is more a "analys2 watch"trade...im not 100% concerned about it ..but with a smaller position size then usualy its ok i think. letz see
Pair may continue its correctional C wave. CAD seems to be regaining strength.
There is a very nice bearish pin bar forming on strong descending resistance level on the weekly chart. 1st target is 200 pips down at the first strong resistance level, 2nd target is a further 250 pips down at the next strong area of resistance. Could potentially be a nice swing trade over the coming weeks.
AUD/CAD upside halts at stiff trendline resistance by 0.9970, break above needed to resume upside. The pair has broken above 78.6% Fib of 1.0054 to 0.9324 fall, as it extends upside along the 'Cup' formation. Aussie under pressure from weak Australia consumer confidence and Chinese trade data. Somewhat upbeat Australia’s employment report left Aussie bulls...
AUD/CAD is extending its gradual grind higher, as the price action tries to complete a 'Cup' formation. Momentum studies are bullish. RSI strength seen at 64 and MACD is biased higher. Upside currently halts at 61.8% Fib of 1.0054 to 0.9324 fall, breakout could see the pair test parity. On completion of the 'Cup' we would wait for some downside before the next...
AUD/CAD edges lower from 0.9671, intraday bias lower. The pair has broken minor trendline support and slipped below 20-SMA on the hourly charts. Technicals support downside, Stochs and RSI on hourly charts are biased lower, MACD has slipped below zero which shows further downside. Standard & Poor’s in its latest note published on Monday has warned of that they...