Thread: AUDCAD

Where do you guys see potential buy order? It's been heading SOUTH for around 380 pips without a segnificant retraces. I see a support at 0.9334 Daily chart. What do you guys think?

Originally Posted by ;

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do think it is exhausted and ready to dive south? There's daily and weekly support below,Aud is neuatral fundamentalwise.

1 Attachment(s) I expect it'll go down, at the oposite case it's going to bankrupt me Now I'm not confident about the techincal analyse
https://www.forexforum.co.za/trading...newbi-log.html

I believed it would be the very best time to buy cheap Australian dollar against Canadian $.

If I were you I will be very cautious in regards to a long position. I am in the market short, I enterd if the price started to go back on the 14-15th. I don't find any reason why it must go up.

Until it reaches a strong support level and reveals weackness I will keep my short trade opened.

I don't recommend to enter on buy until then,have patience or else it is likely to lose a lot of money in case it proceeds the downward trend. (The trend is your friend)

MacD is going downward (on daily) is lt; water signal lines.

$ @ Weekly horizontal support upward TL.

The 50 ema is down the 34 ema is @ the 50 degree (heading down).

I am bearish

Here is my chart. No remark

Hourly moving average give strong buy signal

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http://forex-trading-indiors.blogspo...ive-index.html

Year end vaions = scalp(pythagoforex's theorem!))

Cad fundamentals better than Aud's against USD. Both are commodity currencies.

This week, I'm thinking scalp (H, 15m TFs).

Long-term: why I'm bear on this pair- Month STO RSI are down.
Week MacD STO are down. W emas: 3lt;5lt;10.

Short term (such as tonight- I shall scalp 5M looking for buys).

When $ breaks south of 9200 I'm going down on her.

Shorted AUDCAD @ 9489, Cease 9540 for the following reasons:Weekly chart shows tendency. Major resistance above current price on daily. Damaged uptrend line on daily on retracement from each chart. Intermarket relation with gold testing 40 day ema at 1135. Negative RSI divergence on chart. See my charts at http://www.quantisan.com/paper-trade...489-stop-9540/ (sorry, too many to post here)