Daily Forecast
Major Trend: Bearish
Time Frame: H4
Reason: Envelopes still heading down, and if the market can not penetrate the upper pivot point at 0.9588, then the market will continue to Fibonacci 423.6 at 0.9518
Recommendation: Sell
Printable View
Daily Forecast
Major Trend: Bearish
Time Frame: H4
Reason: Envelopes still heading down, and if the market can not penetrate the upper pivot point at 0.9588, then the market will continue to Fibonacci 423.6 at 0.9518
Recommendation: Sell
Australian Canadian moves to Frame four stings indicate puzzled between buyers and sellers in order to move in the direction of accidental that we trend year is the downward trend and note the control of sellers on the general downtrend and give Moumntinm index negative signal, which indicates the expected further decline and continuity of the downward trend to a new level note that we are now close to support levels 0.9405 Daily Important note candle violent Moszen trying to break support levels and Ntogah his break and shut down this Asamtoyat to continue the bearish scenario to 0.9295 levels
There is still Guo selling paid insolvency down which shows the control of the insistence of vendors to cut prices to the lowest levels and has already noticed a drop in prices to the levels of support weekly your important 0.9411 and we expect him in the long intraday short rebound of weekly 0.9411 support area to the top and the emergence of buyers indicating it areas to buy up to 0.9566 levels note that in case of breaking your important weekly support levels 0.9411 prompt notice of landing continue to 0.9240 levels.
audcad both acha pair hay ma na is pair say both se earning ke hay. ma is pair ma trade krna pasand krta hon is pair ma trade block nahi hote. is ke daily movement b both hote hay
AUD CAD walking in the direction of accidental wobbling period since Zminh convergence of two weeks (11 days specifically).
Where we have a price model known as the rectangle and the pair trading toward the upper leg of his resistance.
Where this resistance resides on the price of 0.9510 and almost composed of several Artkazat nor price still struggling to penetrate to the highest.
I think it Zzlk to the status of the closure of four hours candle 0.9510 the highest price will be the signal for further climb toward the top.
this pair still stable and the resistance is in 0.9520 , actually the oil prices start to go higher and this can make the CAD to be strong gainst the Australian dollar. personnaly i think this pair is good just for scalping .
Negative four Frame stings for a couple of Australian and Canadian reached us to the 0.9390 support levels which we noticed the buyer to raise prices appearance, trying to reach the levels of 0.9595, a resistance Important Daily significant levels.
If it breaches the 0.9600 top closure this level candle Daily note entry Guo buy it to raise prices to levels 0.9708 and 0.9850 levels and is expected to change the scenario in the case of break down and shut down daily support levels 0.939
pair- aud/cad
time frame- m30
technical analysis-
http://i62.tinypic.com/nbon53.jpg
the price is now moving in the range of support at the pivot point 0.9471 and the daily resistance 0.9523 level. its up movement is rejecting and the movement of the rsi indicator is also to the level 30. short with take profit at 0.9410 and stop loss at 0.9535
good luck.
This pair also still undecided like the NZDCAD , in general the commodity currencies are very weak at this moment so i think the movement in this pair will stay stable in the next few days.