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Aud-cad

AUDCAD Approaching Support, Prepare For A Further RiseAUDCAD approached its support at 0.9424(61.8% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ) where it could potentially bounce to its resistance at 0.9466(61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Klimex
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
4
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
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 support #1 at 36 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 0.9475 on 02/27/2019, so more losses to support(s) 0.9380, 0.9325, 0.9270 and minimum to Major Support (0.9105) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 50. 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 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
14
DXY Macro View 04/03 - End of Elliot waves? Retail sales decline 1.2% in Dec. The advance estimate of durable goods data for Dec revealed a rise in capital goods shipments. Housing starts drop 11.2% in December in overall starts marked. The third decline in the past four months. Consumer confidences reversed and rose to 131.4. Consumers reported that current conditions were good. US GDP outturn was strong than expected 2.2% rate that the market consensus had expected. The breakdown showed deceleration was led by personal consumption expenditures, which grew 2.8% in Q4. The effects of government shutdown started in December also showed as non-defense fed government spending tumbled at an annualized rate of 5.6% in Q4. Personal income and spending lower than expected. ISM manufacturing index dropped to 54.2 in February, lowest since 2016. Employment component slipped to 52.3 in February, which may shrink expectations for next week’s jobs report. DXY chart past week resisted 95.85 levels and came back up again. Last week H&S pattern drove down after the bottle neck broke and rebounded. Does this seem to an end of Elliot waves? A upward move might be seen if 96.70 levels breaks to 97.25 levels progression. Or a side way moves between 96.7 and 96.0 levels. Indicators: Parabolic SAR – Bullish MACD – Bullish Stochastic – Bullish Overall - 3/3 - Bullish Disclaimer: Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
TVC:DXY
by ForexBriefcase
AUDCAD approaching resistance, potential drop! AUDCAD approached our first resistance at 0.9407(50% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.9320(100% Fibonacci extension , horizontal swing low support). Ichimoku cloud is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
DXY Macro View 25/02 - H&S?NAHB Housing Market Index rose two consecutive months after plunge over final months of 2018. “Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment,” said NAHB Chairman Randy Noel. The NAHB index gauges builders’ perception of present sales and future activity over the next six months, providing some degree of survey evidence for a housing market upturn. FOMC Meeting Minutes shows that shrinkage of balance sheet likely to stop at end 2019 and starting next year 2020, expect balance sheet to start growing organically again. Durable goods order report delayed by 27 days due to the US government shutdown. It rose to 1.2% in December and a revision to November’s increase. Core Durable Goods Orders was down another 0.7% in December and has now fallen in four out of the past five months. The Philly Fed Manufacturing Index plunged 21.1 points to contraction. But ISM Manufacturing PMI still a consistent expansion. “The factory sector still looks to be growing, but at the weakest pace in roughly two years,” from Empire survey. Existing Home Sales fell 1.2% to 4.94million-unit pace in January. Winter months are difficult to interpret due to large seasonal factor, home buying activity continues to trend lower. The partial government shutdown likely had little impact on January sales, but delays in the mortgage underwriting process may slightly weigh on sales in coming months. DXY chart past week resisted breaking down through 96.40 levels. H&S should seem to be formed but watching out level to break through bottle neck. A downward move might see to 96.00 levels progression or bounce off bottle neck levels and breaks 96.70 levels to 97.25 levels going forward. Indicators: Parabolic SAR – Bullish MACD – Turning Bearish Stochastic – Moving towards oversold Overall - 2/3 - Bearish Disclaimer: Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
TVC:DXYShort
by ForexBriefcase
AUDCAD BEARISH CONTINUATION SETUPHi Traders, The AUDCAD has been carving a potential double ZigZag with flat X-wave after a strong five-wave bullish impulse. . The price seems to be making a bearish impulse which is most likely wave (c) of Y and could signal the resumption of the bullish trend after the completion. . Considering, that the price has broken the corrective structure (b) of Y, the price has the potential to move down towards the target of C as planned on the chart. . We will look to sell at market open and stop loss above high of wave ii (blue). . What's your thought about AUDCAD? Best of luck on the chart! Veejahbee.
Short
by Veejahbee