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Audcadforecast

AUDCAD SHORT BUY MOVEMENTPair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue. A retrieval to the lower timeframe supports the move to the 1.0050 level so that a good enough level to take advantage is the 0.9990 level to get the first safe point. If the movement continues then the level of 1.0050 will be achieved.
Short
by fXVolume
AUDCAD approaching major resistance, watch for a potential drop!AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDCAD right on pullback support!AUDCAD is now back to pullback support where it previously broke out from. A possible bounce could occur at this level above major support at 0.9782 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a rise towards 0.9876 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is making a similar pullback to ascending support where a corresponding bounce could occur too. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
AUDCAD surpasses major resistance!AUDCAD has finally surpassed its descending resistance-turned-support line triggering a potential bullish move from here. Our main area of support remains at 0.9782 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could push price up possibly to 0.9876 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) has surpassed our descending resistance-turned-support line triggering a potential bullish exit from here. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
AUDCAD preparing for a strong bounce AUDCAD is seeing major support above our 0.9782 zone (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur above this level to push price up to major resistance at 0.9876 (Fibonacci extension, horizontal swing high resistance). We are seeing intermediate resistance with our descending resistance line and price would need to break past that level to gain further bullish momentum. Stochastic (34,5,3) is seeing major support above 1.7% support but also sees intermediate resistance with our descending resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
Short again at 0.9863 for target 0.9785 =80 pipsi short again the audcad last trade was winning trade,for this one same scenario i found that even aud is strong cad is undervalued also on h4 audcad is overbough and i see a rsi divergence in a time frame that i not remeber when i writting now What i target is a return on a ma20 weekly after a breakout short at 0.9863 target 0.9785 gain 80 pips For this trade i will open 2 x 1 lot 1 i will close it after 20-30 pips and the 2nd i will make a Sl at +10 pips..like that if i am wrong with my target i can secure 30-40 pips
Short
by corsicasia