Aud-cad
FREE TRADE.... Thank us later :) Strong resistance can be seen, and the current candle is at this level now, price going into this level is not overly strong so we can only see price respecting this level and making bearish movement.
Get on this trade and thank us later :p
See how easy trading can be? keep your charts simple and clean and you will spot good setups.
AUDCAD approaching support, potential bounce! AUDCAD is approaching our first support at 0.9485 (horizontal overlap support, 38.2% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong bounce to our major resistance at 0.9524 (horizontal overlap resistance, 50% fibonacci retracement) might occur.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD approaching support, potential bounce! AUDCAD is approaching our first support at 0.9485 (horizontal overlap support, 38.2% fibonacci retracement, 100% fibonacci extension) where a strong bounce to our major resistance at 0.9524 (horizontal overlap resistance, 50% fibonacci retracement) might occur.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/CAD long opportunity AUD/CAD is extending gains above 110-EMA and is on track to test 61.8% Fib.
The pair has broken out of daily cloud and major trendline resistance at 0.9515.
Technical analysis is bullish. RSI is above 50, bias higher. Stochs show bullish momentum.
Next immediate resistance lies at 55W EMA at 0.9574, breakout eyes 76.4% Fib at 0.9658.
On the flipside, retrace below 110-EMA will see weakness till trendline support at 0.9335.
Support levels - 0.9515 (cloud top), 0.9490 (110-EMA), 0.9470 (38.2% Fib)
Resistance levels - 0.9574 (55W EMA), 0.9586 (61.8% Fib), 0.96
Good to go long on dips around 0.9530, SL: 0.9490, TP: 0.9575/ 0.96/ 0.9630
AUDCAD pullback pendingThe pair has broken the bearish trend and is now facing rejection in a resistance area. Adding the Daily and 4h Stochastics, we should see the pair dropping, forming a pullback towards the trendline previously broken.
AUDCAD approaching support, potential bounce!AUDCAD is approaching our first support at 0.9388 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.9441 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD LONG SETUPAUDCAD has broken through the current downtrend on large bull momentum (steep stochastics).
We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term.
In the long-term we can see 0.97000 being tested if the trend holds.
SL below recent lows.
Buy
TP 1: 0.95400
TP 2: 0.95950
TP 3: 0.97000
SL 1: 0.93800
SL 2: 0.93180
AUDCAD approaching resistance, potential drop! AUDCAD is approaching our first resistance at 0.9487 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level to our major support at 0.9423 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUD/CAD short setupAUD/CAD rejected at 110-EMA and capped below daily cloud.
Recovery attempts in the pair have been capped below 21-EMA.
Scope for test of 61.8% Fib at 0.9360 on continued bearish momentum.
Retrace above 21-EMA could see minor upside. Bearish invalidation only above 110-EMA.
Support levels - 0.9378 (Feb 7 low), 0.9360 (61.8% Fib), 0.9335 (trendline)
Resistance levels - 0.9436 (21-EMA), 0.9491 (110-EMA), 0.95
Good to go short on upticks, SL: 0.9440, TP: 0.9375/ 0.9360/ 0.9340
AUDCAD approaching support, potential bounce!AUDCAD is approaching our first support at 0.9392 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.9451 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.
Aud/cad Buy at Pullback Hi All ,
I will be buy at pullback , but if the support doesn't hold then this setup is invalid . If we break resistance and close above it then I will open a buy instead of pullbacks.
Many thanks.
AUDCAD Daily Sell SetupWe see a downtrend formed by lower highs and lower lows. potential tp at a new lower low. Confirmation for me is the touch of the black trendline + a strong resistance (multiple times reversed).
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