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AUDCAD

Two great sell opportunities on this chart for AUDCADMid-Term Forecast: Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9597). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 resistance. . The RSI is at 40. Take Profits: TP1= @ 0.9505 TP2= @ 0.9405 TP3= @ 0.9270 TP4= @ 0.9065 TP5= @ 0.8915 SL: Break Above R2 --------------------------------------------------------------------------------- Short-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.959). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 resistance. . The RSI is at 40. Take Profits: TP1= @ 0.9522 TP2= @ 0.9487 TP3= @ 0.9420 TP4= @ 0.9290 TP5= @ 0.9195 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
5
AUDCAD just waitHi, Thank you for clicking on my scenario. In this scenario, I see the formation of a channel pattern. The red line above is the resistance that keeps the price on hold to go up sharper, and the green line below is what keeps the amount going up and doesn't go bearish. Still, now the price has broken the green range meaning the trend from AUDCAD to Bearish and this scenario is supported by weekly or analysis using 1-week timeframe you can see below for weekly analysis + in weekly analysis there is also overbought RSI or above 80 for more details you can check below later for weekly analysis which I see here 4H timeframe, of course, The price of AUDCAD has broken the green line, and there is a slight pullback. We just need to wait for the next whether the SELL is confirmed or not to verify from this bearish, we have to wait for the CLOSE price below .94960, it can be confirmed bearish confirmed, and we open SELL for my target using 3 the target is 0.94347,0.93544,0.92741 for my Stop Loss use 0.95907
Short
by Bitorex
Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9020). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 support. . The RSI is at 63. Take Profits: TP1= @ 0.9105 TP2= @ 0.9140 TP3= @ 0.9245 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 support. . The RSI is at 81. Take Profits: TP1= @ 0.9134 TP2= @ 0.9226 TP3= @ 0.9315 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8987). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 support. . The RSI is at 62. Take Profits: TP1= @ 0.9026 TP2= @ 0.9051 TP3= @ 0.9143 SL= Break below S2
Long
by ForecastCity_EU
1
Keep an Eye on AUDCAD Wait for BreakoutWe are doing AUDCAD Analysis in Daily Time frame AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low. We need to wait for a breakout then think to buy and use Take profit and Stop loss. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
Long
by Make_Money_Guru_Bitcoin
1
A trading opportunity to Buy in AUDCADMidterm forecast: While the price is above the support 0.9105, resumption of uptrend is expected. We make sure when the resistance at 0.9775 breaks. If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 51. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9380) Ending of entry zone (0.9325) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019. Take Profits: TP1 = @ 0.9490 TP2 = @ 0.9565 TP3 = @ 0.9665 TP4 = @ 0.9775 TP5 = @ 0.9915 TP6 = @ 1.0090 TP7 = @ 1.0350 TP8 = Free
Long
by ForecastCity
2