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Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.======
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.
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.======
AUD/CAD
Bullish
Pivot Point 0.8657
3 Support 0.8593
2 Support 0.8627
1 Support 0.8645
1 Resistance 0.8677
2 Resistance 0.8683
3 Resistance 0.8719
Dear i.forex members
On this Day i will predicted this pair have being bearish down direction
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR
the market trend could remain in this position and I expected support resistance levels
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator
I suggest to take short terms position on SELL today
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 pair price already touched daily resistance 2 level and above trend line.
now the price try to move Upward.
I think the price may touch daily pivot point frokhat ki satah par hai .
Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Simple Moving Area (45): Up
Momentum (30): Up
Stochastic Oschilator : Neutral
You will earn more money if you will follow my views,because I have posted this after checking the previous routine of daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of the stock in the market. Than should take decision to invest or not in this type of security.
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame,
consider the daily economic news before taking the trade.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
money management is very effective for getting profits with stop loss and take profits method with current trading position.
AUD/CAD
The Camarilla Pivot Point Levels of AUD/CADfor today.
Resistance 4= 0.9992
Resistance 3= 0.9970
Resistance 2= 0.9962
Resistance 1= 0.9954
Pivot point= 0.9968
Support 1= 0.9940
Support 2= 0.9932
Support 3= 0.9925
Support 4= 0.9902
Suggestion:
We recommend that you don’t trade in area 0.9940 - 0.9954.
Beware if the price break 0.9962, It’s most likely that price would be bullish to 0.9970 or 0.9992. Conversely, if the price penetrate 0.9932, it is most likely that prices will continue to bearish the 0.9925 or 0.9902.
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