we have got extended move to the downside, + we have even achieved 3x ADR + 3(psychological no.) pushes to the downside market makers have formed sweet W which tells we are going mark up phase
It's on an ending structure and looking bullish in the bigger picture, after the trend breakout look for a long term buying opportunity.
Any time we can get a retracement next week strong CAD news is coming wait for fundamentals then follow the market.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9313). . 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 an uptrend 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 (0.9310). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9355). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9355). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
UP! UP! UP! for AUD/CAD (May 6, 2021)
The counter has crossed two critical levels. One- the major support level of 0.89550 and the other is the critical resistance level of 0.89960. Now the broken levels can cushion the price action and push the price to higher levels.
Risk Reward Ratio is Fine. Strong Buying Breakout . We See huge buying in this Session. So Strongly its a BUY .
AUDCAD has formed a Broadening Rising Wedge pattern on a daily basis. At the moment, the price are just above the lower trendline. The prices are expected to rise with the pair reaching 0.90251 initially and then 0.90675. On the other hand, first support is at 0.89212 and then at 0.88915.
We 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...
as its last day of this week and world is not interested on this pair, not really that much money flow but i am willing to take this risk this trade is not that good like my nzdusd and eurusd. we can see clearly watch that this level (around 0.975554) reacted before it look like if market will push again mybe it will touch the top and come down again to form a...