Languages

website utilities

 

Follow us:
+1 (646) 48 000 22 (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 vs. 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.

DateSat, 05/12/2018 - 10:28
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 0.9735, beginning of downtrend is expected.
  • We make sure when the support at 0.9580 breaks.
  • If the resistance at 0.9735 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 25 and it prevented price from more losses.
  • A trough is formed in daily chart at 0.9555 on 05/10/2018, so more gains to resistance(s) 0.9685, 0.9785, 0.9905 and more heights 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 38.