๐๐๐๐๐๐ - 4๐ฉ๐ณ๐ด ( ๐๐ถ๐บ ๐๐ณ๐ข๐ฅ๐ฆ 2.80% )
๐ AUD/CAD Setup
๐จTime Frame : 4hrs Chart
(๐๏ธDirection : Long )
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๐ Going over my work means something to me We are all here to learn
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๐งพ : WHY IS AUDCAD GOING UP?
If Australia's economy performs well, this could lead to increased demand for the Australian dollar. This could create price increases for AUDCAD as AUD becomes worth more than CAD. Australia and Canada are both significant exporters of commodities such as oil, gold and metals. If the prices of these commodities rise, it may benefit the respective currencies (AUD and CAD) and increase the value of AUDCAD.
โโโโโโโโโโ
โBullish Break
0.88375 Area
Reasons
Major Turn level / M
Y / W Low Area
Quarter's Area
Visible Range Lvn
Monthly High Break
โBearish Reversal
0.90800 Area
Reasons
Major Turn level / M
Q High Area
Visible Range Lvn
Pitchfork Area
Choch Area / W
โโโโโโโโโโ
๐จTime Frame : 4hrs Chart
(๐๏ธDirection : Long )
------
๐ Going over my work means something to me We are all here to learn
------
๐งพ : WHY IS AUDCAD GOING UP?
If Australia's economy performs well, this could lead to increased demand for the Australian dollar. This could create price increases for AUDCAD as AUD becomes worth more than CAD. Australia and Canada are both significant exporters of commodities such as oil, gold and metals. If the prices of these commodities rise, it may benefit the respective currencies (AUD and CAD) and increase the value of AUDCAD.
โโโโโโโโโโ
โBullish Break
0.88375 Area
Reasons
Major Turn level / M
Y / W Low Area
Quarter's Area
Visible Range Lvn
Monthly High Break
โBearish Reversal
0.90800 Area
Reasons
Major Turn level / M
Q High Area
Visible Range Lvn
Pitchfork Area
Choch Area / W
โโโโโโโโโโ
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Related publications
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.