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

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateNovember 19, 2023 - 04:28
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 0.87430, continuation of uptrend is expected.
  • We make sure when the resistance at 0.90320 breaks.
  • If the support at 0.87430 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.87520 on 11/13/2023, so more gains to resistance(s) 0.89408 and maximum to Major Resistance (0.90320) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

  1. 0.88173
  2. 0.89408
  3. 0.90320
  4. 0.91066
  5. 0.92134
  6. 0.93095
  7. 0.93904
  8. 0.94607
  9. 0.95471
Click on the level to view price action history.