Thread: Aud/Cad
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pair- aud/cad
time frame- h4
technical analysis-
the price is making bullish engulfing candlestick pattern at the fibo resistance level 76.4. price is not able to break resistance at 1.0025 level and its falling down. lower side it is supported at 0.9870 level. hold the short entry with stop loss at 1.0070 and profit target 0.9785
good luck
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I think this is one form of sideway. This is because if you look at the chart on the left side, it does not indicate significant price changes. I do not recommend trading on this pair today. but most likely will happen down the price so great that we could all be a lot to get profit. good you can get a signal to put TP in MS2: 0.9919
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the price of the beginning of the AUDCAD for the day was below the middle pivot price which is at 0.9965 that implies the probability of downward direction for the current day. as well according to the moving crosses the quick MA20 turns below the slow 48MA to draw a shape of bearish pattern on the long term. While the pair's price keeps above the line of the trend magic indicator to increase the chance of the upward moves on the present wave. to finish this investigation it's required from the market to make a stream of downward pattern and the price should not able to break the resistance level that you can see on 0.9985 and then we can think about the target levels which in this case could be set at the areas of 0.993 also 0.9905 respectively and around this values its time to thinking about close any sell orders
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
It seems that we are facing a downward swing according to the value route that could be viewed from the place of the AUDCAD while the rate is familiar to upper channel limit to drive us directly to think about being at a suitable sell place waiting for the price to reach the target at 0.9885 to add strength to such scenario the signal of the StepMA pointer have shown a marker on the short run which fosters the significance of making a short trades for today. finally the signals of the stochastics is essential and there are an overbought as the most of edges won near the high area at the value of 80 that could be hinting for start of weakness at the upward direction and start increasing the chance of getting downward trend under making for today.
[img=http://imagizer.imageshack.com/img924/3332/gmqfnD.gif]
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The daily start of the AUDCAD today retains above the main pivot point at 0.9929 which increase the chance of upward way on the current day. As well according to the movings crosses the fast MA20 seems to come below the slow 48MA to draw a shape of bearish direction lasts for the long term. While the current prices remains above the trend magic marker then it will be used to enhance the shot of the upward direction for now. According to this analysis we can say that the price is at upward bearing and the prices shouldnt be able to penetrate the support stage at 0.9901 as the take profits should sets near the location of 0.9974 and 1.0001 for short term buy orders
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it comes that the price opening of the AUDCAD was in the current day above the middle pivot price which is at 0.9947 that signalize about a chance of a upward tendency on the current time. And depending on the moving crosses the faster MA20 have been above the slow 48 MA to create a form of bullish index for a considerable long period of time. As the price carry on moving above the index of the trend magic indicator to growing the scope of the upward pattern goes for the current move. By examination it appears that we will be at upward direction and shouldnt break the support area 0.9896 and the price targeted could be at the area of 1.0022 and 1.0071 contentiously for a short time buy requisitions
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Click the chart and "PLAY IT"
AUDCAD0.84%
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
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Safe Trades;
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
AUDUSD
Support 1: 0.9782
Support 2: 0.9708
resistance 1: 0.9926
resistance 2: 0.9983
prices seen strong buy on H1 timeframe, if the price nears resistance did sell with a maximum of 40 pips stop loss. the price is still near the resistance it must be vigilant, if brekout it did sell more in resistant 2 with a take profit in the resistant one.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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