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...
Midterm 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...
AUDCAD / H4 / Technical Chart show short direction
Price move inside of the Triangle. if it will break out the upper line of Triangle, D point will break, it will go to Resistance zone. Have another analysis at this pair, please share in comments, we will be glad to discuss.
As we can see in this graphic, AUDCAD has reached an overbought state. CAD is falling due most likely to Trump tweet this morning, where he tweets about the price of USOIL, affecting then the CAD.
Candlesticks signals and RSI overbought and AUD Fundamentals indicate that this is a good time to sell.
How to trade?
SELL between: 0.9465 - 0.9480
Take profits: Close...
A new trend has emerged with a breakout and retest from the previous downtrend line signalling a new change in trend for the short term.
Expect the price to continue with its Higher High- Higher Low trend support!
ALERT SIGNAL FOR WEEKLY SIGNAL TRADER
PAIR NAME - AUDCAD
DATE -29/0/2018
SELL LIMIT 1 - .93145
STOPLOSS- .93706
TARGET 1-.92000
TARGET 2- .90809
LIMIT VALIDITY = 5 TRADING DAYS
RISK REWARD- 4.14
THANK YOU
U WIN = V WIN
TEAM FFXSIGNAL
