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AUDCAD may resume its downtrend

killer195175 Posted 18 Jan. as Analysis on AUD/CAD, Target: 0.9850, Date: 1st of March, 12:00 GMT  in #Technical analysis #Trendline #AUD/CAD #Audcad #Prediction #Daily Chart #Downtrend #Overbought #Weekly Chart
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Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
AUDCAD Weekly Chart
  • The MACD on the weekly chart is in negative zone. The histogram suggests the buyers taking control of the market.
  • The RSI is rising.
  • The Stochastics is also rising.
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AUDCAD

killer195175 Posted 30 Sep. as Analysis on AUD/CAD, Target: 1.01500, Date: 1st of November, 12:00 GMT  in #Technical analysis #AUD/CAD #Bearish #Support Line #Rising Wedge #Resistance Line
The AUDCAD pair looks like making a rising wedge with the apex of the wedge at 13 DEC 2016 valued at 1.02250. According to the wedge drawn by me the price if it obeys the wedge till 1st Nov then upper line is at 1.01920 and lower line is at 1.00320. So I assume that the price will be between these two levels on 1 Nov 16 at 1200 GMT.
DAILY CHART
4H CHART

The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Ha…
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