Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUDCAD broke support level and continuously downtrending
Australian Dollar/Canadian Dollar
Short
AUDCAD broke support level and continuously downtrending
By ForexKei-Official
Follow
Follow
May 12, 2021
7
Cheer
Cheer
1
1
May 12, 2021
Comment:
AUDCAD Daily timeframe shows it broke the support level of 0.9454 and continuously downtrending as per below Ichimoku confirmation.
Ichimoku Trend Analysis (Daily):
- Kumo (Senko span A and B) down
- Kijun send down
- Tenkan sen down
- Chiko Span below candles
Next Scenario:
Waiting for the most recent breakout at 0.9424 level in H4 and look for a selling edge. The target is on next support level at 0.9300.
AUDCAD
forexkei
Ichimoku Cloud
ichimokukinkohyo
Technical Indicators
Trend Analysis
ForexKei-Official
Follow
Follow
Forex Kei
Official Website:
forex-kei.com
Global Trading School:
forex-kei.com/?page_id=2855
KTS Academy:
keistradingstrategy.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.