AUDCAD Disclaimer - I could be wrong/Trade at your own risk...
AUD is at a 10 year low and being reported on in the mainstream media. This setup is looking for a reversal with a favorably skewed price target / stop loss. Charts below include; Monthly Top of the Bollinger Band RSI peak Regression trend Weekly Balance of Power divergence Balance of Power downtrend Daily Top of regression...
cad/aud have been holding support for some time now and ascending trendline + xabcd pattern has confirmed that trend as well. This is a long term goal to reach roughly 400 pips but smaller take profits are listed on this as well.
See chart for recent break of a significant resistance line with good volatility- possible long entry. Peace and Love
On the cad/aud, price seems to have retested previous support while also being in an uptrend. Diving into the 4hr chart, I see price has created a falling wedge. There are two options on entry: 1) either wait for price to retest support zone to enter. 2) Wait for price to break out of falling wedge, break resistance zone than retest it as support (grey).
CADAUD is following the resistance trend line and apears to be fetting rejected once again from the trend line and intended to move up...
Looks like a solid H&S here, but still no break of the neckline so far. For this H&S to remain valid, that red zone should not break anymore. For the H&S to be confirmed, it should break that green support as well. Target of this H&S is at the yellow circle
CADAUD Broke the weekly support! going to down
We have a break above the previous daily high, so now we're looking at a retrace to the breaker and a long towards the middle of the range outlined on the weekly chart below: Original idea by Svarog
This pair is originally a down trend. However, we can see the flag price action continuation pattern getting way narrower and narrower, which is a small indication of a trend losing strength. The MACD divergence favors an uptrend. However the only confirmation is if the price breaks out the box zone(support and resistance area) which will confirm trend...
the pair just recently retraced to the 38.2 fib and if it moves down the 38.2 again, there is a potential long position with TP at the 61.8 fib extension
We will see significant growth from this point
Short AUDCAD @1.02799; Target Profit 1.01549 as for stop loss, your choice
CADAUD in an upward trend since Nov 2016, way above 150MA. It keeps all possible retracement levels indicated by Fibonacci and finished above the red line which shows strong resistance/support. Watch out for OIL prices since they can potentially influence CAD. Good luck!
good time to enter short CADAUD and catch wave 3 down. only problem is this is a slow pair and not much movement.