Weekly prediction for AUDCAD
My analysis are based mostly in H4. This week I'll be looking to take a sell on AUDCAD, let me explain why:
Monthly:
Here we have a triangle. We have two days left to close monthly but is closing with a high rejection from the 1.02400 zone, still staying above the large trendline maybe going to the 0.97300, but we can't really say much more.
Weekly:
The same as monthly, it's looking really bearish, respecting the triangle.
Daily:
For more bearish signal, in the daily chart we can see clearly the bullish trendline is broken.
H4:
Like the daily chart in the H4 the bullish trendline is broken is ranging in the 0.99000 monthly S/R line.
I think is more probable for it to go down path B because of break + retest and rejection of the trendline + triangle on the monthly and weekly, but still, anything can happen and it could go up, we'll see.
Monthly:
Here we have a triangle. We have two days left to close monthly but is closing with a high rejection from the 1.02400 zone, still staying above the large trendline maybe going to the 0.97300, but we can't really say much more.
Weekly:
The same as monthly, it's looking really bearish, respecting the triangle.
Daily:
For more bearish signal, in the daily chart we can see clearly the bullish trendline is broken.
H4:
Like the daily chart in the H4 the bullish trendline is broken is ranging in the 0.99000 monthly S/R line.
I think is more probable for it to go down path B because of break + retest and rejection of the trendline + triangle on the monthly and weekly, but still, anything can happen and it could go up, we'll see.
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