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this is my analysis for AUDCAD pair , hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 0.9588. and the pair will continue to go up to the next resistance level at 0.9613
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 0.9583. , stop loss at the level 0.9548. target take profit at the level 0.9628
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
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my analysis of aud/cad
Resistance and Supporting level today,s
Today Trend is:bearish
Resistance level today,s is
First Resistance is:0.9560
Second Resistance is: 0.9575
Third Resistance is: 0.9590
Supporting levels today,s is
First Support is: 0.9545
Second Support is:0.9530
Third Support is:0.9505
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Aud/Cad trend is sell
Resistance and Supporting level is:
Resistance 1:0.9570
Resistance 2:0.9578
Resistance 3:0.9584
Supporting 1:0.9552
Supporting 2:0.9545
Supporting 3:0.9539
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aud/cad Technical analysis:
Level of Support
1-Support 0.9646
2-Support 0.9638
3-Support 0.9625
Level of Resistance
1-Resistance 0.9658
2-Resistance 0.9664
3-Resistance 0.9679
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Today's analysis:-
Pair:- Aud Cad
As per analysis, Bearish trend seems to be there in market and the price will go down.
I recommend Sell signal on it.
Support Levels:-
Support1: 0.9539
Support2: 0.9549
Support3: 0.9553
Resistance Levels:-
Resistance1: 0.9563
Resistance2: 0.9569
Resistance3: 0.958
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today i like to sell this pair @ 0.9702
my stop loss of the day @ 0.9731
half take profit for today @ 0.9686
and further half take profit @ 0.9673
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time frame- M30
the macd indicator is moving below the zero line and the price is first break the resistance at the 0.9739 but down movement hold at the 0.9730 with making doji pattern. now its again having long signal with the parabolic sar.
trade- short position
take profit@0.9700
stop loss@0.9760
good luck
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dear mate i am trying to get market technical over view for AUD/CAD
according to market technical analysis the market have up trend
the market trend is in buy position
expected resistance and support levels
market price ----------0.9569
1- Resistance level----------0.9583
2- Resistance level----------0.9596
3- Resistance level----------0.9607
1- Support level-------------0.9554
2- Support level-------------0.9541
3- Support level-------------0.9531
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time frame- M30
the macd indicator is moving below the zero line and the price is first break the resistance at the 0.9739 but down movement hold at the 0.9730 with making doji pattern. now its again having long signal with the parabolic sar.
trade- short position
take profit@0.9700
stop loss@0.9760
good luck
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Pivot levels today:
R3: 1.0443
R2: 1.0415
R1: 1.0367
PP: 1.0340
S1: 1.0292
S2: 1.0265
S3: 1.0215
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 1.0215.
