Euro against Australian Dollar pair, is looking to escape from a triangle pattern , which is 2 months old, may it have bullish week to attain the price level around 1.57500 area Analysis only for education purposes
AUDCAD is looking for a great buying opportunity to take the move to the upside & has the high probability to reach at the top after forming descending channel on 4h timeframe.
My Technical Analysis 1. AUDCAD broke the downtrend line on the daily timeframe and started its uptrend. 2. Price Respected the support zone on 4hr timeframe proving our buy bias. 3. Discovered a Divergence on the 1hr timeframe and price started a short term downtrend. 4. Recently Discovered another divergence on the 15min timeframe indicating a potential...
AUDCHF Short Ready for Retest Do follow the proper risk management set the SL 30 Pips from the resistance line
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.9672). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: There is a possibility of temporary retracement to the suggested support line (1.5510). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
sell on GBPAUD. according to fib
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (84050). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
AUDCAD is looking for short opportunity to take the move to the downside & has clear formation.
Bullish RSI divergence here on AUDCAD. Also sitting on weekly, daily, and H4 support. Safe long position here.