Hi Traders
AUD/CAD Multi-Timeframe analysis (08/03/2021)
H1 Chart (Strong Down)
The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level.
Support & Resistance
0.97016 0.97252
0.96877 0.98225
0.96641 0.98733
H4 Chart (Bearish)
Target 1 at 0.97224 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.98522 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistance
0.98208 0.98711
0.97874 0.98975
0.97224 0.99371
Daily Chart (Neutral)
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistance
0.97057 0.97130
0.96164 0.98993
0.95483 0.99921
Weekly Chart (Strong Up)
Waiting for a retracement lower towards the 0.96954 support level, in order to reinstate LONG positions. Next important support is the 0.92464 level.
Support & Resistance
0.96954 0.99921
0.92464 1.04093
0.91493 1.11412
AUD/CAD Multi-Timeframe analysis (08/03/2021)
H1 Chart (Strong Down)
The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level.
Support & Resistance
0.97016 0.97252
0.96877 0.98225
0.96641 0.98733
H4 Chart (Bearish)
Target 1 at 0.97224 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.98522 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistance
0.98208 0.98711
0.97874 0.98975
0.97224 0.99371
Daily Chart (Neutral)
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistance
0.97057 0.97130
0.96164 0.98993
0.95483 0.99921
Weekly Chart (Strong Up)
Waiting for a retracement lower towards the 0.96954 support level, in order to reinstate LONG positions. Next important support is the 0.92464 level.
Support & Resistance
0.96954 0.99921
0.92464 1.04093
0.91493 1.11412
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GET MY FREE EDUCATION HERE:
bit.ly/3pQudRX
bit.ly/3pQudRX
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.