AUDCAD Analysis: Price following a triangle patternAs we can see well the price is following a clear triangle and is headed to the resistance line. We can capture some few pips as we wait it to get there.
If it manages to break the triangle from the top it will be a good buy opportunity. 0.90177 will be our first target(where it is likely to reach before retesting the breakout) and 0.91421 our second target.
Share your views in the comments.
Audcadsetup
AUDCAD approaching support, potential for a bounce!
AUDCAD is expected to drop to 1st support at 0.88801 where it could potentially react off and up to 1st resistance at 0.89492.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD approaching support, potential for a bounce!
AUDCAD is expected to drop to 1st support at 0.88971 where it could potentially react off and up to 1st resistance at 0.89436.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD approaching support, potential for a further rise!
AUDCAD approaching support at 0.89297 where it could potentially rise further to 0.90266.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDCAD potential reversal!AUDCAD expected to rise up to 1st resistance at 0.90266 where it could potentially react off and drop down to 1st support at 0.89297.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDCAD bounced from support, potential for a further rise!
AUDCAD bounced off 0.89113 where it could potentially rise further to 0.90266.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDCAD bounced from support, potential for a further rise!
AUDCAD bounced off 0.89447 where it could potentially rise further to 0.90264.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDCAD to climb from upside confirmation, potential bounce!
AUDCAD to climb from its upside confirmation at 0.89650 where it could potentially bounce further to 0.90500.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDCAD reversed from resistance, potential drop!
AUDCAD reversed off its resistance at 0.90325 where it could potentially drop further to 0.89040.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDCAD Past Support To Become Future Resistance Short SetupHi All...
AUDCAD on the Monthly/Weekly broke down from a key level support making a lower low lower then the previous low,
Now the market has retraced to the past support level that has a high chance to become future resistance,
A good way to see if it will hold as resistance is to wait for the 4 hour chart to break the counter trend line and take out the most recent low that should give us a powerful indication that the market is most likely heading back down
AUDCAD inverse head and shoulder pattern"In the name of Allah, the Most Gracious, the Most Merciful".
AUDCAD inverse head and shoulder pattern
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan.