Category: AUDCAD

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AUDCAD Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.9425, continuation of uptrend is expected.
We make sure when the resistance at 0.9775 breaks.
If the support at 0.9425 is broken, the short-term forecast -continuation of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of continuation of uptrend is increased.
While the RSI support #2 at 53 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.9525 on 11/23/2018, so more gains to resistance(s) 0.9610, 0.9670 and maximum to Major Resistance (0.9775) 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 52.

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AUDCAD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

The current trend is uptrend and the forecast is continuation of uptrend.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of continuation of uptrend is increased.
While the RSI support #2 at 53 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.9525 on 11/23/2018, so more gains to resistance(s) 0.9810, 0.9935, 1.0245 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.

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AUDCAD Weekly Forex Forecast 24th November to 30th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9670 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.9665 on 11/21/2018, so more losses to support(s) 0.9485, 0.9445, 0.9375 and minimum to Major Support (0.9105) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.

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AUDCAD Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.

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AUDCAD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.9105 would begin in Midterm.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.

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AUDCAD Weekly Forex Forecast 20th October to 26th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9325 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
We will close our open trades, if the Midterm level 0.9325 is broken.
Technical analysis:

The RSI bounced from the support #1 at 25 and it prevented price from more losses.
While the RSI resistance #2 at 52 is not broken, the probability of price increase would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

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AUDCAD Weekly Forex Forecast 13th October to 19th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9325 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
We will close our open trades, if the Midterm level 0.9325 is broken.
Technical analysis:

The RSI bounced from the support #1 at 25 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.

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AUDCAD Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

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Midterm forecast:

0.9270 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.9270 is broken.
Technical analysis:

Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 26.

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AUDCAD Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

0.9555 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.9555 is broken.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 47.