Audcadforecast
AUDCAD 06th June - 11th June 2021Price movement forecast for the upcoming week in AUDCAD ( SKS formation most-likely). Currently, the AUDCAD is in a very neutral to bullish position close to a distribution phase (Wyckoff Method), mostly likely trying to build a second shoulder for a SKS formation (Weekly). Please, feel free to share your opinion with me.
AUDCAD! From Bearish to BULLISH!My previous prediction of AUDCAD was correct. After reviewing the charts again and seeing price reach the previous low point in that area, I am now looking for price to reverse into a BUY once it breaks the green box.
See attached link below for previous prediction of AUDCAD...
I LOVE THE TECHINCAL APPROACH!
AUDCAD- Can She Continue to fall?This pair is falling. Australian dollar has weakened against the Canadian dollar creating a new lower low at 0.93397.
I'll look to continue to be the seller if price retraces to and stays below 0.94710. If she can stay below this exchange rate I'll
sell her down to 0.93397 for a trend continuation trade to the downside and further.
I'm not interested in being the buyer unless price rises above 0.95599, the lower higher and creates a higher high.
If this happens, the sell setup is no longer valid. OANDA:AUDCAD
AUDCAD long trade signal - multi-timeframe analysisthe complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy.
we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it.
in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart.
we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did.
so from this point, we are expecting the price will reject this area after the backtest and going up.
moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD.
TRUST THE PROCESS
#EG-Finance
AUDCAD: Daily analysis on a Wyckoff point of viewHi Traders,
This is my view on this cross for the next few days.
#AUDCAD is bearish till 0.83 area
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
AUDCAD: Short opportunity on DailyHi Traders,
This is my view on this pair for the next few days.
#AUDCAD
SELL 0.9686
SL 0.9823
TP 0.8832
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen