Thread: Aud/Cad
pair- aud/cad
analysis time frame- m30
the rsi indicator is moving out from the overbought level 70 and in the price chart its up movement is rejecting from the daily resistance level tree at 0.9946. if this is break the 0.9910 then down movement can expected to the 0.9850 level. shrot with stop loss at 0.9955
good luck
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This is a very good opportunity to get in shot position from the 0.9941 level with take profit at 0.9903.
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analysis for today 10 / 28 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCAD on the date 10 / 27 / 2014
OPEN 0.9876
HIGH 0.9904
LOW 0.9868
CLOSED 0.9895
The third resistance (R3) 0.9904 -( 0.9889 - 0.9868 = 0.0021 x 2 = 0.0042 )= 0.9946
The second Resistance (R2) 0.9889 + 0.9904 - 0.9868 = 0.9925
First resistance (R1) 0.9889 x 2 = 1.9778 - 0.9868 = 0.9910
pivot points 0.9904 + 0.9868 + 0.9895 = 2.9667 / 3 = 0.9889
Support for the first (S1) 0.9889 x 2 = 1.9778 - 0.9904 = 0.9874
Support second (S2) 0.9889 -( 0.9904 - 0.9868 = 0.0036 ) = 0.9853
Third Support (S3) 0.9868 -( 0.9904 - 0.9889 = 0.0015 x 2 = 0.0030 )= 0.9838
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.
pair- aud/cad
analysis time frame- m30
the price is making equal high while the macd indicator is higher to lower side. if this is break the up movement is also rejecting from resistance at 0.9900 level. if this is close below the 0.9980 then make short entry with profit target at 0.9830 and stop loss at 0.9930
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.
The resistance level at 0.9900 will make the price fall down, that's why I advise you to get in short position with take profit at 0.9864.
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: AUDCAD 27 Oct. 2014.
Technical analysis for Daily forecast of AUDCAD 27 October, 2014. In Daily chart AUDCAD shows bearish trend. At present AUDCAD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.00858.
Pivot: 0.98509
Resistance levels
R1 0.99157
R2 0.99562
R3 1.00210
R4 1.00858
Support levels
S1 0.98104
S2 0.97456
S3 0.97051
S4 0.96646
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In the weekly chart the price failed in breaking the resistance level at 0.9927 that's why I think that we can get in short position next week with take profit at 0.9767.
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.
Weekly forecast: AUDCAD 27-31 Oct. 2014
Technical analysis for weekly forecast for AUDCAD 27-31 Oct. 2014. In weekly chart AUDCAD is flat. At present AUDCAD on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows that AUDCAD buy from 2nd support level.
Pivot: 0.98679
Resistance levels
R1 0.99497
R2 1.00242
R3 1.01060
R4 1.01878
Support levels
S1 0.97934
S2 0.97116
S3 0.96371
S4 0.95626
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.
After breaking the resistance level at 0.9885, I think that the price will rise more. I advise you to look only for long opportunities.
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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