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Audcadbullish

AUDCAD - LONG; LongtermHere the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally this relationship remains entirely dependent on China's economic status, at any give time.
Long
by Nemo_Confidat
AUDCAD, daily timeframe, bullish divergence materialized (2)Hello my friends, I am updating my previos post about this pair. I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips. Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable. Partial profits taken here and stop loss has been moved to entry. For those who followed previous post, please do the same for a safer trade. I am holding half positon for TP2 at 0.9680 Good luck
Long
by HayatoDragonFX
5
AUDCAD - LARGE CHANNEL TOUCHED (LONG)AUDCAD was travelling within a descending channel on the Daily chart for a long time until price broke out to the upside and formed an ascending channel which is marked out with the black lines. Price is now at the bottom of the channel and it has also formed a doji candle, this indicates a reversal in price to the top of the channel. We will keep you updated on price action as this trade plays out. The target and Stop Loss is marked out on the chart IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Long
by UnknownUnicorn2396129