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Wait for AUDCAD bullish signal

ijayakumar Posted 7 Dec.  in #Trader's blog #Audusd #Audcad #Price Action
AUDUSD showing a sign off halt coming in, yet the sellers are trying to push the price further low. But it seems like we can expect a counter turn from AUD soon.
We will try to find a better pair for AUD bullish which is AUDCAD. According to AUDCAD technical, 0.9620 - 0.9640 range is better area to look for bullish signal and enter if there is right evidence of bullishness.
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Aussie in bearish price action

ijayakumar Posted 4 Apr.  in #Trader's blog #Audcad #Price Action
Chinese market has gained good momentum and proportionally the Aussie market and dollar rate is appreciating nicely. But technically it hits the price action and test several times on 1.0000 on AUDCAD and it may seem like a bearish run might start as a correction. Please find the
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AUDCAD longterm bearish may continue further

ijayakumar Posted 10 Jan. as Analysis on AUD/CAD, Target: 0.9152, Date: 1st of March, 12:00 GMT  in #Technical analysis #AUD/CAD #Audcad #Price Action
Aussie had great bullish run over Canada for last 2 months till end of year 2015. But once 2016 started and Chinese Manufacturing PMI results released, the same old Chinese stock collapse started to shake the whole currency trading. Obviously it will resume the risk off aversion considering more weakness over commodity currency like Australia. In that aspect, please find further the Technical analysis of AUDCAD below,
Monthly chart:
- Chart shows the weakness in exact trend line resistance and …
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2 Comments
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ijayakumar 22 Jan.

Even though Trade balance was better from Chinese, the bearish trend continues and GDP was not that good enough to stop the bearish run either. It seems like Fundamentally Chinese and Aussie currency becoming more weaker and it might stay in that way for few more months at least!

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ijayakumar 29 Jan.

Recent consolidation oil price made CAD to appreciate which helps the bearish trend to contiue

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AUDCAD is unstoppable and no immediate resistance is present

ijayakumar Posted 1 Dec. as Analysis on AUD/CAD, Target: 1.0113, Date: 1st of February, 12:00 GMT  in #Technical analysis #Trendline #AUD/CAD #Audcad #Price Action
Since the employment data release from Australia, it finds more good reason like Internal economy growth, Chinese data revival and many more to take a ferocious bullish run. In line with that, please find the technical analysis of AUDCAD in higher timeframe chart,
Monthly chart:
- This pair has found the support on previous price action support with lot more doji's showing strength in growing up
- Engulfing candle has formed and 2 candles almost closed 7-8 previous candles which shows the colle…
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AUDCAD is expected to trande in defined range

ijayakumar Posted 8 Nov. as Analysis on AUD/CAD, Target: 0.9406, Date: 1st of January, 12:00 GMT  in #Technical analysis #AUD/CAD #Audcad #Price Action #Candlestick
AUDCAD is cornering it's Support and Resistance level and hence it is expected to breakout possibly downside soon. Please find my analysis using the charts,
Weekly Chart:
- This pair has bounced back from 0.9170 price action range where the same scenario happened in 2013 also, which indicates that this level would be considered as a strong Support level.
- Upside movement has lot of Doji's and also the price action touching the trend lines or nearer to it is very minimal which shows that this p…
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1 Comments
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ijayakumar 20 Nov.

Aussie dollar has started it's bull run against all the pairs more than what has been expected. Hence it may seem like this pair may finish well above the expected value unless if Chinese deteriorates again.

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