website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar / Canadian Dollar technical chart
Symbol AUDCAD

Download MT4 template file

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateOctober 31, 2020 - 18:31
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.96500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.9245 on 10/21/2020, so more gains to resistance(s) 0.9405, 0.9505, 0.9580 and maximum to Major Resistance (0.9650) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Supports and Resistances:

  1. 0.9935
  2. 0.9775
  3. 0.9405
  4. 0.9270
  5. 0.9065
  6. 0.8915
Click on the level to view price action history.