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AUD/CAD MAY HAVE SOME RETRACEMENT FROM LOWER LEVELS.

Avnish26 Posted 14 Sep. as Analysis on AUD/CAD, Target: 0.98384, Date: 1 von November, 12:00 GMT  in #Technical analysis #AUD/CAD
Recently published economic data of Australia is showing good economic growth but Reserve Bank oF Australia maintaining a cautious look but if dta shows strong growth obviously they will need to hike interest rates. Bank Of Canada unexpectedly rose interate rate in September meeting.So AUD/CAD is in downtrend. As it is reaching its next support I expect a retracement from that level.
TECHNICAL ANALYSIS: AUD/CAD is downtrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, COMMODITY CHANN…
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AUD/CAD MAY REMAIN IN DOWNTREND

Avnish26 Posted 16 Aug. as Analysis on AUD/CAD, Target: 0.97273, Date: 2 von October, 12:00 GMT  in #Technical analysis #AUD/CAD
AUD/CAD may continue downtrend as recently published economic data of Australia is little below expectations and market participants are expecting second rate hike by Bank of Canada.
TECHNICAL ANALYSIS: AUD/CAD is consolidating on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/CAD is near the middle level of Bollinger band.
  • ADX is falling.
…
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2 Kommentar
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Avnish26 25 Sep.

AUD/CAD is just 100 pips away from my target. As Predicted it is trading in same direction.

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Avnish26 27 Sep.

AUD/CAD is trading at my target level. As predicted it is in downtrend after rising as BoC has raised rates in September 2017 meeting.

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TECHNICAL OUTLOOK ON AUD/CAD

Avnish26 Posted 20 July as Analysis on AUD/CAD, Target: 0.9894, Date: 1 von September, 12:00 GMT  in #Technical analysis #AUD/CAD
AUD/CAD is in uptrend on weekly and on monthly chart. Recently published economic data of both the countries is showing economic growth and rising rate hike bets. Bank of Canada started rate hike cycle in July meeting and further rate hike in October meeting is possible.
TECHNICAL ANALYSIS: AUD/CAD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
[list][/list]…
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3 Kommentar
Osobowy avatar
Osobowy 21 July

To much indicators. Focus on price action. Improve your skill.

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Avnish26 16 Aug.

AUD/CAD may continue downtrend as recently published economic data of Australia is little below expectations and market participants are expecting second rate hike by Bank of Canada. Trade surplus has narrowed down.

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Avnish26 24 Aug.

AUD/CAD may continue downtrend as Canadian data showing good improvement, Crude Oil Prices also picking up so CAD will get strong and hopefully it will reach my target.

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AUD/CAD TECHNICAL OUTLOOK

Avnish26 Posted 16 Apr. as Analysis on AUD/CAD, Target: 0.99641, Date: 1 von June, 12:00 GMT  in #Technical analysis #AUD/CAD
AUD/CAD is in sideways trend on Monthly and weekly chart. It is trading range bound. As we know AUD is market linked currency and CAD is related to Crude Oil movement.
TOOLS USED: BOLLINGER BAND, ADX, Commodity Channel Index, MACD.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/CAD is near the middle range of Bollinger Bands.
  • ADX is falling.
  • CCI is Falling.
  • MACD is above Histogram and may cross in sell mode.

MONTHLY CHART: It is in downtrend.
[list][/list]…
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Avnish26 30 May

As predicted AUD/CAD has traded sideways on all timeframes. On daily chart also It has touched upper level then started downtrend and again recovered and now again at lower levels near to my target.
           

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Avnish26 30 May

I have shown on Daily chart how it is traded sideways during these timeframe.

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Avnish26 30 May

On weekly chart it has traded sideways. Now it is trading close to my target.

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Avnish26 1 June

AUD/CAD is trading just 3 pips away from my target.

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Avnish26 1 June

During this two months various developments happened in Crude Oil price and Australian economy. Canadian economy is crude oil producing  economy and CAD is some percent related to crude oil prices movements. Similarly as Australia  is raw material like metals exporting country and its biggest buyer is China so if China is growing demand rises for raw materials and AUD rises. Major development has not happened in both the countries so AUD/CAD has traded sideways.

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