Thread: Aud/Cad
The pair AUD / CAD has a long time looking at the south side ... now we can see that the price is very good start to keep the level of support, but as the trend is down then I think that when the breakdown can be triggered very strong push ... so I'm waiting for the activity .. .
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time frame- H1
the macd indicator is showing us down trend signal but in the price chart it is not brak the daily strong support at the 0.9509 and again start to move up side. it is making doji pattern and giving us long signal. we can long this pair with the take profit at 0.9550 and stop loss at the 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.
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.
Pattern expected at Break / reversal. On July 23. In a pair of AUDCAD, rapper 0.9514, volatility over the last 7 days 2.48, support 0.9506, resistance 0.9593, according to TD the last two days, just a little bit and everything will fly away, and yet in recent days was a large order for purchase, but after the rise of the price of corrected on top of 0.9593, an increase in volatility bought a lot yesterday, I hope it will turn and fall. Justification of the forecast - due to lack of data trends reverse forecast.
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H1 chart the pair is trading in the range formed by the key resistance level at 0.9595 and the 0.9540 support level. Will penetrate send the pair to the resistance level of 0.9620. Break of the support will send the pair to the 0.9510 level.
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Aud/cad pivot levels for 23.07.2013 by using fibonacci pivot indicator.
resistant 1:0.9644
resistant 2:0.9610
resistant 3:0.9589
pivot point :0.9555
support 1:0.9521
support 2:0.9500
support 3:0.9466
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today i like to sell this pair @ 0.9612
my stop loss of the day @ 0.9633
half take profit for today @ 0.9588
and further half take profit @ 0.9563
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The pair intraday analysis at H1 using williams percentage range and moving average are showing the pair still on bearish at major trend. it may continue today. try to find good resistance and set Short deal on it. Today SNR :
R3 : 0.9627
R2 : 0.9612
R1 : 0.9585
Pivot level : 0.9570
S1 : 0.9543
S2 : 0.9528
S3 : 0.9500
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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