Weekly AUDCAD Technical Analysis and Forecast - Forex

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Weekly forecast Australian Dollar / Canadian Dollar technical chart

Symbol

AUDCAD

Download MT4 template file

Trade Setup

#AUDCAD
Total Profit: 917 pip
Closed trade(s): 140 pip Profit
Open trade(s): 777 pip Profit
_______________________________________________
Trade Setup:
We opened 9 BUY trade(s) @ 0.9720 (day close price) based on 'Valley' at 2017.12.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.9745 touched at 2017.12.13 with 25 pip Profit.
TP2 @ 0.9835 touched at 2017.12.14 with 115 pip Profit.
25 + 115 = 140 pip

Open Profit:
Profit for one trade is 0.9830(current price) - 0.9720(open price) = 111 pip
7 trade(s) still open, therefore total profit for open trade(s) is 111 x 7 = 777 pip
_______________________________________________

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.
If the Midterm level 0.96900 is broken, we will close open trades.

Date December 16, 2017 - 22:22

Current range bound

Forecast beginning of uptrend

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.96900 would begin in Midterm.
We will close our open trades, if the Midterm level 0.96900 is broken.

Technical analysis:

A trough is formed in daily chart at 0.9580 on 12/06/2017, so more gains to resistance(s) 0.9835, 0.9900, 0.9990 and more heights 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 64.

Take Profits:

0.9745
- Resistance on 12/12/2017
- Resistance on 11/29/2017
- Resistance on 11/28/2017
- Resistance on 11/10/2017
- Support on 11/07/2017
- Support on 10/25/2017
- Support on 10/13/2017
- Resistance on 10/11/2017
- Support on 10/05/2017
- Support on 09/29/2017
- Support on 09/28/2017
- Support on 09/22/2017
- Support on 09/18/2017
- Support on 09/08/2017
- Support on 09/07/2017
- Support on 09/06/2017
- Support on 07/12/2017
- Support on 01/11/2017
- Resistance on 01/09/2017
- Resistance on 01/06/2017
- Resistance on 01/04/2017
- Resistance on 12/30/2016
- Resistance on 12/29/2016
- Resistance on 12/26/2016
- Resistance on 12/23/2016
- Resistance on 12/22/2016
- Support on 07/21/2016
- Support on 07/20/2016
- Support on 07/19/2016
- Resistance on 07/07/2016
- Resistance on 07/06/2016
- Resistance on 06/24/2016
- Support on 04/26/2016
- Support on 04/13/2016
- Support on 02/09/2016
- Support on 12/09/2015
- Support on 12/08/2015
- Support on 12/04/2015
- Support on 12/03/2015
- Resistance on 08/10/2015
- Resistance on 08/07/2015
- Peak on 08/06/2015
- Peak on 08/05/2015
- Resistance on 08/05/2015
- Peak on 08/04/2015
- Resistance on 08/04/2015
- Peak on 05/18/2015
- Peak on 05/15/2015
- Peak on 05/14/2015
- Resistance on 05/14/2015
- Resistance on 03/30/2015
- Support on 03/27/2015
- Support on 03/26/2015
- Resistance on 03/19/2015
- Resistance on 03/18/2015
- Peak on 03/09/2015
- Resistance on 03/09/2015
- Resistance on 03/06/2015
- Support on 02/27/2015
- Support on 02/26/2015
- Resistance on 02/19/2015
- Resistance on 02/13/2015
- Resistance on 02/12/2015
- Support on 02/11/2015
- Resistance on 02/09/2015
- Resistance on 02/05/2015
- Resistance on 02/04/2015
- Support on 01/29/2015
- Resistance on 01/09/2015
- Resistance on 11/28/2014
- Support on 11/07/2014
- Support on 11/06/2014
- Support on 11/05/2014
- Support on 10/07/2014
- Support on 10/06/2014
- Support on 10/03/2014
- Support on 10/02/2014
- Support on 10/01/2014
- Support on 09/26/2014
- Support on 09/25/2014
- Support on 09/22/2014
- Support on 01/30/2014
- Resistance on 01/24/2014
- Support on 01/15/2014
- Peak on 12/11/2013
- Peak on 12/09/2013
- Peak on 12/06/2013
- Peak on 12/05/2013
- Peak on 12/04/2013
- Resistance on 12/03/2013
- Peak on 12/03/2013
- Support on 11/20/2013
- Support on 11/15/2013
- Support on 11/14/2013
- Support on 11/13/2013
- Support on 11/12/2013
- Resistance on 10/07/2013
- Resistance on 10/04/2013
- Resistance on 09/18/2013
- Resistance on 06/27/2013
- Resistance on 06/26/2013
- Resistance on 06/25/2013
- Resistance on 06/24/2013
- Resistance on 06/18/2013
- Resistance on 06/17/2013
- Resistance on 03/17/2011
- Support on 03/15/2011
- Support on 03/11/2011
- Support on 03/10/2011
- Support on 01/17/2011
- Support on 01/12/2011
- Support on 01/11/2011
- Support on 12/02/2010
0.9835
- Resistance on 12/15/2017
- Resistance on 12/14/2017
- Support on 10/31/2017
- Support on 10/30/2017
- Resistance on 10/27/2017
- Resistance on 10/19/2017
- Resistance on 10/17/2017
- Resistance on 10/16/2017
- Resistance on 10/13/2017
- Resistance on 09/26/2017
- Resistance on 09/25/2017
- Resistance on 09/22/2017
- Support on 09/20/2017
- Resistance on 07/13/2017
- Support on 07/06/2017
- Resistance on 01/13/2017
- Resistance on 01/12/2017
- Resistance on 12/16/2016
- Resistance on 12/15/2016
- Support on 12/14/2016
- Support on 12/13/2016
- Support on 12/08/2016
- Support on 09/15/2016
- Support on 09/14/2016
- Support on 09/13/2016
- Support on 09/12/2016
- Support on 09/09/2016
- Resistance on 09/05/2016
- Support on 08/31/2016
- Support on 08/30/2016
- Support on 08/25/2016
- Support on 08/02/2016
- Resistance on 07/19/2016
- Support on 07/14/2016
- Support on 04/21/2016
- Support on 03/04/2016
- Support on 02/22/2016
- Support on 02/16/2016
- Support on 02/15/2016
- Support on 02/12/2016
- Support on 02/11/2016
- Support on 02/05/2016
- Support on 02/03/2016
- Support on 01/26/2016
- Support on 01/11/2016
- Support on 01/08/2016
- Support on 01/07/2016
- Support on 12/15/2015
- Support on 12/14/2015
- Support on 12/11/2015
- Resistance on 12/09/2015
- Resistance on 12/07/2015
- Resistance on 12/04/2015
- Resistance on 03/04/2015
- Peak on 02/26/2015
- Resistance on 02/26/2015
- Resistance on 02/25/2015
- Resistance on 02/24/2015
- Resistance on 02/23/2015
- Resistance on 02/20/2015
- Resistance on 02/03/2015
- Support on 01/28/2015
- Support on 01/27/2015
- Resistance on 01/15/2015
- Support on 11/18/2014
- Support on 11/17/2014
- Support on 11/14/2014
- Support on 11/13/2014
- Support on 11/12/2014
- Support on 11/04/2014
- Support on 11/03/2014
- Support on 10/30/2014
- Support on 10/24/2014
- Support on 10/23/2014
- Support on 10/22/2014
- Support on 10/17/2014
- Support on 10/16/2014
- Support on 10/15/2014
- Resistance on 10/13/2014
- Resistance on 10/10/2014
- Resistance on 10/09/2014
- Resistance on 10/03/2014
- Resistance on 10/02/2014
- Resistance on 09/24/2014
- Resistance on 09/23/2014
- Resistance on 09/19/2014
- Support on 03/03/2014
- Support on 02/19/2014
- Support on 02/14/2014
- Support on 02/13/2014
- Support on 02/10/2014
- Support on 02/07/2014
- Resistance on 01/31/2014
- Peak on 01/31/2014
- Resistance on 01/30/2014
- Resistance on 01/29/2014
- Peak on 01/29/2014
- Resistance on 01/28/2014
- Peak on 01/28/2014
- Peak on 01/27/2014
- Peak on 01/24/2014
- Peak on 01/23/2014
- Resistance on 01/23/2014
- Resistance on 01/14/2014
- Resistance on 01/13/2014
- Peak on 02/20/2012
- Peak on 11/17/2009
- Peak on 11/16/2009
- Peak on 10/28/2009
- Peak on 10/27/2009
0.9900
- Resistance on 11/02/2017
- Resistance on 11/01/2017
- Resistance on 09/21/2017
- Resistance on 09/20/2017
- Resistance on 09/06/2017
- Resistance on 09/05/2017
- Support on 08/31/2017
- Support on 08/29/2017
- Support on 08/23/2017
- Support on 08/22/2017
- Support on 07/26/2017
- Support on 07/25/2017
- Support on 07/24/2017
- Support on 07/18/2017
- Resistance on 07/17/2017
- Resistance on 07/14/2017
- Resistance on 07/12/2017
- Support on 01/30/2017
- Resistance on 12/08/2016
- Support on 12/07/2016
- Support on 12/06/2016
- Support on 11/30/2016
- Support on 11/18/2016
- Resistance on 09/16/2016
- Resistance on 09/15/2016
- Resistance on 09/09/2016
- Resistance on 09/08/2016
- Resistance on 09/07/2016
- Resistance on 09/02/2016
- Peak on 11/08/2013
- Trough on 11/22/2010
- Trough on 11/17/2010
- Trough on 11/16/2010
0.9990
- Resistance on 08/31/2017
- Resistance on 08/30/2017
- Resistance on 08/29/2017
- Support on 08/17/2017
- Support on 08/11/2017
- Support on 08/09/2017
- Support on 08/04/2017
- Resistance on 08/01/2017
- Resistance on 07/31/2017
- Resistance on 07/24/2017
- Resistance on 07/03/2017
- Resistance on 06/30/2017
- Resistance on 06/29/2017
- Support on 06/27/2017
- Support on 05/30/2017
- Support on 05/29/2017
- Support on 04/11/2017
- Support on 04/10/2017
- Support on 02/10/2017
- Support on 02/07/2017
- Resistance on 02/02/2017
- Resistance on 01/25/2017
- Resistance on 01/18/2017
- Support on 11/25/2016
- Resistance on 11/24/2016
- Resistance on 11/23/2016
- Support on 11/17/2016
- Support on 10/19/2016
- Support on 10/17/2016
- Support on 10/12/2016
- Support on 10/11/2016
- Support on 10/10/2016
- Support on 10/06/2016
- Resistance on 09/22/2016
- Resistance on 09/21/2016
- Resistance on 09/20/2016
- Support on 08/11/2016
- Resistance on 04/04/2016
- Resistance on 04/01/2016
- Resistance on 03/30/2016
- Resistance on 03/29/2016
- Resistance on 03/28/2016
- Resistance on 03/24/2016
- Resistance on 03/16/2016
- Resistance on 03/15/2016
- Resistance on 03/14/2016
- Resistance on 03/13/2016
- Resistance on 03/11/2016
- Resistance on 03/09/2016
- Resistance on 03/08/2016
- Resistance on 01/29/2016
- Resistance on 01/28/2016
- Resistance on 01/22/2016
- Support on 01/20/2016
- Support on 01/19/2016
- Resistance on 01/13/2016
- Resistance on 01/12/2016
- Support on 01/05/2016
- Support on 01/04/2016
- Support on 12/23/2015
- Resistance on 12/17/2015
- Resistance on 12/16/2015
- Peak on 01/25/2011
- Peak on 01/21/2011
- Peak on 01/20/2011
- Peak on 01/19/2011
- Peak on 12/13/2010
- Peak on 12/09/2010
- Peak on 12/08/2010
- Peak on 12/07/2010
1.0090
- Resistance on 06/27/2017
- Resistance on 06/22/2017
- Resistance on 06/20/2017
- Resistance on 06/19/2017
- Resistance on 06/16/2017
- Resistance on 06/15/2017
- Resistance on 06/14/2017
- Support on 06/07/2017
- Resistance on 06/05/2017
- Resistance on 05/19/2017
- Support on 05/17/2017
- Support on 05/16/2017
- Support on 05/12/2017
- Support on 05/08/2017
- Support on 04/20/2017
- Resistance on 04/13/2017
- Support on 02/23/2017
- Resistance on 02/21/2017
- Resistance on 02/16/2017
- Resistance on 02/15/2017
- Resistance on 02/08/2017
- Resistance on 01/23/2017
- Resistance on 01/20/2017
- Peak on 11/28/2016
- Resistance on 11/28/2016
- Support on 10/25/2016
- Resistance on 10/10/2016
- Resistance on 10/07/2016
- Resistance on 10/04/2016
- Resistance on 08/11/2016
- Resistance on 08/10/2016
- Resistance on 08/09/2016
- Resistance on 08/08/2016
- Resistance on 01/20/2016
- Resistance on 01/19/2016
- Resistance on 05/23/2013
- Resistance on 05/21/2013
- Support on 05/10/2013
- Resistance on 10/11/2012
- Resistance on 10/04/2012
- Support on 10/02/2012
- Support on 09/11/2012
- Support on 09/10/2012
- Support on 09/07/2012
- Support on 09/06/2012
- Support on 09/03/2012
- Resistance on 05/29/2012
- Resistance on 05/28/2012
- Resistance on 05/22/2012
- Resistance on 05/21/2012
- Peak on 05/18/2012
- Resistance on 05/18/2012
- Resistance on 05/17/2012
- Support on 05/08/2012
- Support on 05/07/2012
- Support on 10/07/2011
- Support on 09/30/2011
- Support on 09/29/2011
- Support on 09/28/2011
- Support on 09/20/2011
- Support on 09/19/2011
- Support on 09/14/2011
- Support on 08/11/2011
- Support on 08/10/2011
- Support on 08/09/2011
- Resistance on 04/12/2011
- Resistance on 04/11/2011
- Resistance on 04/07/2011
- Resistance on 03/28/2011
1.0165
- Resistance on 05/18/2017
- Support on 05/04/2017
- Support on 04/28/2017
- Support on 04/27/2017
- Support on 04/26/2017
- Resistance on 04/20/2017
- Resistance on 04/06/2017
- Support on 03/30/2017
- Support on 03/28/2017
- Support on 03/27/2017
- Support on 03/24/2017
- Support on 03/23/2017
- Resistance on 03/12/2017
- Resistance on 03/10/2017
- Resistance on 03/09/2017
- Support on 03/01/2017
- Resistance on 02/22/2017
- Resistance on 11/16/2016
- Support on 11/15/2016
- Resistance on 10/24/2016
- Resistance on 10/21/2016
- Resistance on 10/20/2016
- Resistance on 09/27/2016
- Peak on 01/05/2016
- Peak on 01/04/2016
- Resistance on 12/31/2015
- Peak on 12/31/2015
- Peak on 05/10/2013
1.0250
- Resistance on 04/26/2017
- Resistance on 04/25/2017
- Resistance on 03/29/2017
- Peak on 03/29/2017
- Resistance on 03/16/2017
- Resistance on 03/15/2017
- Resistance on 03/02/2017
- Resistance on 03/01/2017
- Peak on 03/01/2017
- Resistance on 11/15/2016
- Resistance on 11/14/2016
- Support on 11/03/2016
- Resistance on 11/02/2016
- Resistance on 11/01/2016
- Resistance on 10/27/2016
- Resistance on 10/26/2016
- Resistance on 06/11/2014
- Resistance on 05/14/2014
- Resistance on 04/28/2014
- Resistance on 04/25/2014
- Resistance on 04/24/2014
- Trough on 04/23/2014
- Support on 04/21/2014
- Support on 04/18/2014
- Trough on 04/18/2014
- Support on 04/17/2014
- Trough on 04/17/2014
- Trough on 04/16/2014
- Support on 04/16/2014
- Trough on 04/15/2014
- Support on 04/15/2014
- Resistance on 04/09/2014
- Resistance on 04/01/2014
- Resistance on 03/31/2014
- Resistance on 03/28/2014
- Resistance on 03/27/2014
- Resistance on 03/26/2014
- Peak on 09/28/2012
1.0350
- Resistance on 05/03/2017
- Resistance on 05/02/2017
- Resistance on 11/10/2016
- Resistance on 11/09/2016
- Resistance on 04/23/2014
- Resistance on 04/16/2014
- Peak on 07/11/2011

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Australian Dollar / Canadian Dollar (AUDCAD)^free	Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD)	Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD)	Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD)	Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD)	Sun, 7 Apr 2024

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101