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AUDCad chance to break above 200SMA

AudCad has moved back up towards 200SMA
The pair is poised to break above 200 SMA, and 100 SMA which are converging on the same level
This is either an area of strong resistance, or a chance for the pair to break and move higher
The daily RSI - which is above 60 - supports the latter:
A break above 100 and 200 SMA would lead the pair towards the daily upper trendline,
which should act as resistance on initial touch
Fibonacci daily expansion level of last move shows a 61.8% expansion level above …
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AdamFx42 2016年08月26日

Indeed a move  back up - bounced off support nicely - near target now, and below 0.99 which should become resistance

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AdamFx42 2016年08月29日

0.99 is resistance indeed - pair just above 0.98 - is this will act as support I should end up near target

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AdamFx42 2016年08月31日

0.98 has acted as support, and I am now just below target - hopefully price can creep just above 0.9850 level (where it is now) and end up on my target

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AdamFx42 2016年09月01日

Very close to target now - I am hoping it will stay here until 12:00 GMT ;-)

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AdamFx42 2016年09月01日

Shame it would not hold around my target in the 2 hours - it closed about 13 pips higher, still very happy with this prediction though :-)

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AUD/CAD bounce up from technical target

Aud/Cad has hit a technical weekly target and has bounced
The bounce occured off the weekly fibonacci expansion level of 100% of the last weekly move
You can see this on the weekly chart
I have drawn the weekly fibonacci retracement levels from the last weekly move up,
and then from the last weekly move down aswell (in Red and Blue)
Aud/Cad weekly chart
Looking a bit closer on the daily chart we can see that the bounce off the 100% weekly expansion level is exact
The price is moving above the 23…
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AdamFx42 2015年01月13日

Pair has moved a bit lower initially than I expected, but bounce did occur as I set out,
and point of resistance is playing out as on my daily chart now

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AdamFx42 2015年01月15日

0.9750 area has proved to be strong area of resistance as price moves down towards 0.97
at the moment -- area of support, now containing the 61.8% fibonacci expansion area, and the 61.8%
fibonacci retracement level around 0.9650 should contain any movement down,
and provide a bounce back towards 0.97 level if it is broken to the downside

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AdamFx42 2015年01月23日

Aud/Cad moved up to 102 after the surprise rate cut from BOC
always expect the unexpected  :-)
But now fears of a rate cut in Australia have set in too and forcing the pair down again
It is currently on route towards my target again

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AdamFx42 2015年01月26日

About 120 pips above target now - but looking weak, further drop could come
Aud/Usd is well below 0.8 now, and this will affect the crosses

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AdamFx42 2015年01月29日

Moving down towards target now - about 60 pips above
Like I said - pair is being affected by Aud weakness,
expect to hit my target the end of the week

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AUD/CAD moving towards lower border broadening wedge pattern

Aud/Cad is still within a broadening wedge pattern on the weekly chart
Price action has the pair heading for the lower border of this broadening wedge pattern again,
and a break below the 61.8% fibonacci support level of the last weekly move up supports this
We also see that there is bearish divergence if we use the Stoachistic indicator
Aud/Cad weekly chart
On the daily chart we can see that the price is moving back up at the moment,
this could indicate a retest of the broken fibonacci level
If…
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AdamFx42 2014年11月29日

The low RSI on the daily chart indicates that the current move up could indeed fail at the fibonacci retracement level that should act as resistence now

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AdamFx42 2014年12月04日

Price is testing lower border of the trendline support as I drew out on my daily chart,
The support area - combination of 61.8% fibonacci expansion level and the bounce up from trendline
should slowly bring the price up higher

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AdamFx42 2014年12月10日

The support area I mentioned on my daily chart has indeed stopped the move down,
price is moving as I drew out
The bounce brings the price towards my target area

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AdamFx42 2014年12月16日

Price still moving up after the bounce - now breaking above 0.96,
just 30 pips below target now

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AUD/CAD to be defined by broadening wedge pattern

Aud/Cad has broken out of a weekly channel pattern to the downside
but seems now supported by a bearish trendline after a first retest of the lower border of said channel
On the weekly chart we can see this price action, the channel and the trendline
We also see that MACD is bearish, and RSI is low - there may be a reversal coming soon after these lows
Aud/Cad weekly chart
On the daily chart we see a contradiction in the MACD and RSI,
where RSI is low here, too, but MACD has become a bullish sig…
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AdamFx42 2014年10月19日

This prediction is playing out as I expected:
The broken weekly trendline has been retested, and it has held the price below
which has set the basis for the newly formed wedge pattern -

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AdamFx42 2014年10月30日

Pair has tried to break back into the weekly channel but has failed - indicating that the weekly trendline lower border is indeed holding the price below
Lower border of trendline down = lower border broadening wedge pattern has acted as support,
so we are indeed inside the broadening wedge pattern now

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AdamFx42 2014年11月05日

Price has bounced off the broken weekly trendline I mentioned and is moving down to the lower border
of the broadening wedge pattern - to lower border/daily support line

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AdamFx42 2014年11月10日

Price remains inside pattern as 0.97 turns to support now - low in place for the moment
Price slowly moving above 0.98 towards prediction area

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AdamFx42 2014年11月15日

Price is still following my prediction to the letter and I am on target now
upper border of the broadening wedge is holding the price below 0.99 for now,
and support is building up around 0.98

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AUD/CAD putting in new lows

Aud/Cad has taken out previous lows and broken down through the 38.2% fibonacci weekly
retracement level of the last move up,
the move has been fast and this indicates there will be a further move down:
Aud/Cad weekly chart
On the daily chart the fibonacci expansion area of 100% of the last move is holding the price stable at the moment,
but I believe this will not last,
the next target is the 161.8% daily expansion area which lies just below 61.8% retracement on the weekly chart
and this combin…
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AdamFx42 2014年10月07日

The 161.8% fibonacci expansion level that I mentioned on the daily chart has been reached aswell,
and the combination of resistance seems to have stopped the price falling further as predicted

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AdamFx42 2014年10月14日

Price is now stuck between the 50% and 61.8% fibonacci retracement levels from the weekly chart which is ideal for my prediction

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AdamFx42 2014年10月21日

Another retest from below of 61.8% fibonacci weekly retracement has held the price below
Need price to drop now

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AdamFx42 2014年10月29日

Pair has held around 0.985 for a long time now - just about 60 pips above target

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AdamFx42 2014年10月30日

Slightly lower now - but 0.98 has held the move down again - and seems like a strong support area,
which will be hard to break

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AUD/CAD still bullish for now

Aud/Cad seems to be in a daily and weekly uptrend at the moment,
the next immediate target should be a move up again next month to a daily Fibonacci expansion
On the weekly chart we see price action move up after putting in a low just below 100,
and Aud/Cad is now moving above parity again,
this is also supported by a stronger and bullish Aud/Usd at the moment:
Aud/Cad weekly chart
If we zoom in on the daily chart to find the closest target,
we find that the last move this pair has made gives us…
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AdamFx42 2014年09月06日

price is supported by daily trendline that I drew out,
slowly pushing towards target area

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