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Audcadforecast

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
AUD/CAD 1H Chart: Channel DownAUD/CAD 1H Chart: Channel Down The Australian Dollar is losing value against the Canadian Dollar in a short-term descending channel that staretd to form after a 39-pip depreciation of the Aussie last week. At the moment, the currency exchange rate is squeezed between the weekly S1 at 0.9941 and the monthly PP at 0.9930. Nevertheless it is expected to resume the fall, as the breakout to the northern side most probably will be neturalized by the 55-, 100- and 200-hour SMAs. The souther side, in turn, lacks any barriers up until the weekly S2, which is located at the 0.9901 level.
by UnknownUnicorn890690
Go Long on AUDCAD Longterm Based on 1H, 4H + 1D ChartsSorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon. 30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over. Price broke out of the short term bearish downtrend above the trend line and heading towards first TP @ 1.01018. Looks like price will pull back to a previous support and I'm hoping for a bounce from around 1.00668 making a good entry for anyone looking to jump in on this trade. Have moved Stop Loss up to now 1.00094 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
1
Aud Cad, a potential breakout patternI believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favourable trade setups and plans.
Education
by Dinkan
2