AUDCAD approaching support, potential for a bounce!
AUDCAD is expected to drop to 1st support at 0.68914 where it could potentially react off and up to 1st resistance at 0.69448.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Audcadforecast
AUDCAD has completed cypher a good long opportunityAfter formation of CRAB pattern the priceline of AUDCAD has formed cypher pattern on 12hr chart.
Now the price action has entered in potential reversal zone and from here it will hit the sell targets soon insha Allah.
The targets are:
Buy between: 0.91372 to 0.91090
Sell between: 0.91594 to 0.92128
Regards,
Atif Akbar (moon333)
AUD/CAD - LONG 1DAUD/CAD - possible long opportunity may occur, as this analysis shows the markets reaction to this support level over the last 10 years. Every time the market has touched this level it has bounced. It Is recommended that traders should enter a long (buy) if the market retests this support level or there is a slight reversal. AA high probability trade like this, offers a generous Risk/Reward ratio.
Disclaimer. Further technical & fundamental analysis should be considered first, before entering a trade like this.
AUDCAD approaching support, potential for a bounce!
AUDCAD is expected to drop to 1st support at 0.91863 where it could potentially react off and up to 1st resistance at 0.91334.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD potential reversal!
AUDCAD expected to rise up to 1st resistance at 0.91982 where it could potentially react off and drop down to 1st support at 0.9524.
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AUDCAD approaching resistance, look out for potential reversal!
AUDCAD is approaching its resistance at 0.92142 where it is could reverse down to its support at 0.91288.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD IS AT A MAJOR SUPPORT ZONEAUDCAD has been travelling in a descending channel and the most recent interaction with the channel was the top.Price hit the top of the channel ,came back down and has reached a major support zone.
Price will either break below the support zone, come back up to retest it. We could then see a large rally down, however if price makes a higher high and breaks above the channel we could see a very large rally upwards.
AUDCAD approaching resistance, look out for potential reversal!AUDCAD expected to rise up to 1st resistance at 0.92216 where it could potentially react off and drop down to 1st support at 0.91456.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD approaching resistance, look out for potential reversal!AUDCAD is approaching its resistance at 0.92279 where it is could reverse down to its support at 0.91625.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.