Thread: Aud/Cad
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Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: There is a divergent pattern on the stochastic indicator and still be bearish market prediction after correction at 0.9557. To the end of this week the possibility of ending at 0.9487
Recommendation: Sell limit at 0.9557
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market is still going toward the Fibonacci 423.6. Predicted than had rejected the 161.8 Fibonacci at 0.9620.
Recommendation: Buy
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pair- aud/cad
time frame analysis- m30
the price is moving in the triangle chart pattern with having resistance at 0.9545 level and support at the 0.9510 level. the rsi indicator is turn down side so again down movement can expected. short with profit target at 0.9488 and stop loss at the 0.9565
good luck.
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.
Daily Forecast
Major Trend: Bearish
Time Frame: Weekly
Reason: Prediction of the week, more dominant bearish, visible from stochastic leaning down, and the highest point is only predicted to be in the range of 0.9556-0.9574 which coincides with the top line of envelopes
Recommendation: Sell
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pair- aud/cad
time frame analysis- m30
the price is falling below the daily support level three at 0.9541 level but hold at the support at 0.9525 level. the rsi indicator is moving out from the oversold level 30. long with take profit at 0.9570 and stop loss at 0.9500
good luck.
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.
I think that we can get in short position from the red trendline decree below with take profit at 0.9592.
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.
pair- aud/cad
time frame analysis- m30
the rsi indicator is moving up side from the oversold level 30 and the down movement of the price is hold at the daily support level one 0.9586 level. if the price is break resistance trend line at 0.9620 then long with take profit at 0.9675
good luck.
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.
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: It is predicted that the market will go up, because had penetrated the upper Bollinger midline and stochastic is inclined upwards. Target is in the third resistance at 0.9677
Recommendation: Buy
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Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Market is still not a correction to the previous trendline. And predicted the market will be heading to 0.9664 to touch the trendline and the upper Bollinger.
Recommendation: Buy
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.
pair- aud/cad
time frame analysis- m30
the price is making double bottom chart pattern with having strong support at the 0.9600 level. its moving up side but may rejecting again 0.9630 level. hold the short entry with stop loss at 0.9645 and target to 0.9550
good luck.
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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