17. Juli 2017

Forex Analysis: AUDCAD

Forex Analysis: AUDCAD Weekly-Chart

before

Here I present another Forex Analysis for the AUDCAD. We first look at the earlier analysis, in order to better identify what has happened since then. In the Weekly-Chart, we see that we expected a correction to the trendline. Here on the trendline I expect an upmove to the resistance-level above (light-green). I am waiting now for buying opportunities. We are now looking at the current Weekly-Chart of the course to better understand the current movements.

after

At the current Weekly-Chart it is not difficult to see that the course has made its way to the trendline and also tried to break it down. I still expect an upward movement to the large resistance zone (light green).

I am not interested here yet, if the course can surpass this level or not.  Until then, some time will pass. Finally, we look at the current Daily-Chart to see the touch of the trendline.

Forex Analysis: AUDCAD Daily-Chart

Here in the Daily-Chart, we now see that the course has twice tried to break the trendline down. After the second attempt the course could now form a new high, which also speaks for an upward movement! However, we are currently back at the small resistance level, where again a movement south is possible. Time will tell us more!

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