Get started

Audcadbuy

AUDCAD DAILY ANALYSIS AUDCAD DAILY - price has been moving in a large descending channel marked out in blue. Price hit the top of the channel and on its way down it has formed another descending channel marked out in black.Zones have been marked out for you, have fun trading, CREATE A PLAN AND TRADE THE PLAN We could see a move down to the pink highlighted rectangle if price stays within the descending black channel, if price breaks out of the black descending, we will see a move back up to the top of the blue descending channel, and most likely break out upwards out of the blue channel, however we will wait for the BREAKOUT AND RETEST BEFORE PLACING ANY LONG TERM BUYS!
by UnknownUnicorn2396129
AUDCAD Will Hold a Brief Retracement and Continue the Trend1. This currency pair has formed a volume divergence and the price will have difficulty falling -------------------------------------------------- -------------------------------------------------- ---- 2. AUDCAD needs to once again go down to Fibonacci retracement at least at level 0.618 to fill up the power before finally going up again -------------------------------------------------- -------------------------------------------------- ---- 3. At the moment the pair is entering the consolidation phase to move higher, pay attention to the bottom before buying -------------------------------------------------- -------------------------------------------------- ---- 4. The specified Stop Out Zone level is l-0.3, which is at the price of 0.93950 -------------------------------------------------- -------------------------------------------------- ---- 5. For the target zone specified is Fibonacci level 1.618 which is at the price of at least 0.9460 -------------------------------------------------- -------------------------------------------------- ---- ############################## Recommendation: Signal Strength >>> $$$$ ############################## ----- This writing is purely for education and does not imply buying or selling ----
Short
by VolumeWaveFX
AUDCAD SHORT BUY MOVEMENTPair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue. A retrieval to the lower timeframe supports the move to the 1.0050 level so that a good enough level to take advantage is the 0.9990 level to get the first safe point. If the movement continues then the level of 1.0050 will be achieved.
Short
by fXVolume
AUDCAD approaching major resistance, watch for a potential drop!AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill