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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.86028 to 0.85650). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.86028)
  • Ending of entry zone (0.85650)

DateNovember 5, 2022 - 16:36
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.85650, beginning of uptrend is expected.
  • We make sure when the resistance at 0.88095 breaks.
  • If the support at 0.85650 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.88320 on 10/26/2022, so more losses to support(s) 0.86997, 0.86520, 0.86028 and minimum to Major Support (0.85650) 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 49.

Take Profits:

  1. 0.86520
  2. 0.86997
  3. 0.87481
  4. 0.88095
  5. 0.88980
  6. 0.89653
  7. 0.90250
  8. 0.91050
  9. 0.92545
  10. 0.93340
  11. 0.94610
  12. 0.95978
  13. 0.97600
  14. 0.99000
  15. 0.99900
Click on the level to view price action history.