I think that the red trendline decree below will give us a good opportuniy to get in long position with take profit at 0.9730.
Thread: Aud/Cad
I think that the red trendline decree below will give us a good opportuniy to get in long position with take profit at 0.9730.
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AUD / CAD achieve sales targets 0.9500 .. buy next target - 0.9650, the AUD / CAD has just flipped up sharply after the pair reached the support level 0.9500, which is defined as sales targets in our previous forecasts for currency pairs this. Close 0.9500 support zone further reinforced by the daily low and the Bollinger Bands by support trend line that tends upward since 2014 (as you can see below). Daily Stochastic Indicator moves into oversold region / excess sales where the pair AUD / CAD approaches support zone.
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pair- aud/cad
time frame analysis- m30
the correction of the down movement is rejecting from the resistance at 0.9655 level and again in the down side. the price again to the lower support at 0.9595 level. short with profit target and stop loss at 0.9670
good luck.
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I think that we should wait until the price break the support level at 0.9597 then we get in short position with take profit at 0.9517.
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.
Spoiler:
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market correction only in the area of daily pivot point at 0.9633, then the next is predicted to penetrate down trendline.
Recommendation: Sell
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[IMG]vvcap.net/db/X5xgNlVFHCWv5LElNSX1.png[/IMG]
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market is only a correction on the Fibonacci 61.8 at the first support at 0.9662. Predicted targets were in the top third resistance.
Recommendation: Buy
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The Australian dollar fell on Monday during Asian trading against most major currencies after the deputy governor of the Reserve Bank of Australia's comments about the possibility of cutting interest rates if needed, and should be noted that the results of the monetary policy committee meeting will be the Australian on Tuesday morning
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pair- aud/cad
time frame analysis- m30
the down movement of the price is hold at the fibo support 61.8 level and moving up side. this is break the resistance trend line at the price 0.9650 level. long with the profit target at 0.9710 and stop loss at the 0.9600
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: Patterns in the figure shows the market is still going upwards if it does not pass through 0.9612 for today. Seen also stochastic pointing upwards
Recommendation: Buy it now
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 the red trendline decree below in the daily time frame will make the price fall down, that's why we can get in short position with take profit at 0.9414.
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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