The AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence. Unless a new higher high is formed, the market appears poised for a sizeable downward move. Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.895 zone, AUDCAD is trading in an uptrend and now seems to be in a correction phase in which it is testing the trend at 0.89500 support and resistance zone. I would also keep an eye on indices as the stock market does correlate positively with the AUDCAD pair. Trade safe, Joe.
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Hey Traders, AUDCAD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend around 0.89600 support and resistance zone. if bulls are confirmed i would set 0.91300 as a target as it's considered the next major resistance AUDCAD will be facing. i would also like to put an eye on the stock market since stocks...
AUDCAD is trading inside a Channel Down pattern with the 1D technicals bearish (RSI = 43.171, MACD = -0.004, ADX = 38.042). Even though the long term pattern is bearish, the rebound yesterday and closing over the 1D MA200 can be a bullish signal along with the HL that the RSI is on (bullish divergence). However until the 1D MA50 breaks, we cannot call for any...
The AUDCAD opened this week below the wedge pattern, but quickly closed above it, indicating a desire for the price to move up. However, it needed to retest the strong resistance level at 0.905, which coincidentally is also where it meets a descending trendline, the upper edge of the wedge pattern, and the 23.6% Fibonacci level. Based on my analysis, this could be...
Hey Traders, AUDCAD was trading in a downtrend but then successfully managed to break out the trend and seems to be in a correction phase. if we get a decent pullback i will be monitoring a potential retrace of the trend around 0.908 support and resistance zone. keep an eye on american indices too as they do correlate positively with the AUDCAD pair Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.90000 zone, AUDCAD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.90 support and resistance zone. we would also recommend to keep an eye on the stock market as American indices are positively correlated with the...
Good Night :) AUDCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step,...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.906 zone. AUDCAD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.906 supply and demand zone. if the rejection is confirmed i would set 0.93 as a a target as it's considered the next major resistance AUDCAD will be...
The AUDCAD pair is about to complete a Head and Shoulders (H&S) pattern, trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The 1W RSI is far from its Buy or Sell Zone (long-term) so on the more medium-term the best approach is to trade the break-outs. The neckline of the H&S is at 0.933250 so a candle close above it invalidates the...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.91200 zone, AUDCAD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.912 support zone. I would also to take a look at the stock market as it does correlates positively with AUDCAD. so if indices go bullish that should...
Hey Traders, Today we are coming across an important event which is the FOMC, so what is the link between the rates decision and AUDCAD? the rates decisions have an impact on the AUDCAD since the american indices have a positive correlation with AUDCAD, if the meeting today is dovish that means we will have more of a week Dollar, Bullish indices and high probably...
Future currency rate of the currencies is predicted at 1.5550205195147 (69.762% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth $169.762 on 2024 March 14, Thursday.
Het Traders, Here we go on AUDCAD, looking at the chart on 1W the pair broke out of a year descending channel and now making a fair turn to the upside. With a steady HH and HL he keeps the momentum and it reveal a new Bullish channel on Daily TF. However, the market just made an absolute retest back to weekly Demand zone which also serve as multiple level of...
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.923 zone, as AUDCAD is trading in a downtrend and extending pullbacks seems to be approaching the major one around 0.923 support and resistance zone. i would also recommend to take a look at the stock market confirm the bias as AUDCAD and American indices are positively...
buy up to sell area for a good sell chance.You know We have a good up trend now and also we have a so nice FVG