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AUD/CAD is the abbreviation for the Australian Dollar and Canadian Dollar pair. It shows how much the AUD (base currency) is worth as measured against the CAD (counter currency). For example, AUD/CAD = 1.0183 indicates that one Australian Dollar can buy 1.0183 Canadian Dollars.
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
AUD / CAD
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 0.916
Resistance Level (R2): 0.914
Resistance Level (R1): 0.9097
Pivot Point: 0.9076
Support Level (S1): 0.9032
Support Level (S2): 0.9010
Support Level (S3): 0.897
Pivot levels today:
R3: 1.0418
R2: 1.0372
R1: 1.0298
PP: 1.0251
S1: 1.0177
S2: 1.0129
S3: 1.0057
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1.0057.
The market is technically analyzed under the expert supervision and the analysis said that trend is going to buy
After analyzing the market of this pair AUD/CAD it shows that the trend is BUY
Current Rate is 0.9058
According to my analysis the resistance and support will be as
1) Resistance : 0.9075
2) Resistance : 0.9090
3) Resistance : 0.9112
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1) Support : 0.9040
2) Support : 0.9020
3) Support : 0.9000
BEST OF LUCK...
Maray analyses kay hisab say ye pair bullish trend show kra raha hay or is ki parabolic position bi up honey ka ishara day rahay hen.
Ye pair buy ka bna huwa he I think jahan par market punche huwe he wahan se up
ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye.
Is kay tmam indicators hum ko up side ki tarf janay ka ishara day rahay hen to buy ki positions kafi better nazar as rahi hay .
Is ki strong support frame m30 per show ho rahi hay . Shukria
Pivot, Resistance Levels and Support Levels for
AUD / CAD For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 0.916
Resistance Level (R2): 0.914
Resistance Level (R1): 0.9097
Pivot Point: 0.9076
Support Level (S1): 0.9032
Support Level (S2): 0.9010
Support Level (S3): 0.897
Technical analysis indicates many good trading opportunities and entry points but sometimes the timing of the exit points it indicates is premature. With fundamental analysis and fundamental forex signals you maximize the benefits of a good trade by keeping it open until the fundamentals shift and that position has run its full course. The technical indicators often reach oversold/overbought levels too early, which means that a technical trader has to close the position. Sometimes, technical analysis doesn’t point to anything so focus on yourself.
Pivot levels today:
R3: 1.0418
R2: 1.0372
R1: 1.0298
PP: 1.0251
S1: 1.0177
S2: 1.0129
S3: 1.0057
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1.0057