Tag Archives: audcad

AUDCAD – life in the old trend yet?

Rather than rattling on with the same old set of indicators for you I thought that today I would introduce you to a couple that you may well have heard of but have not used previously – the CCI and … Continue reading

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Aussie: CAD – Short Strategy Update

The ABC sell set up I posted on Monday was triggered by this morning’s weak close. I’ve outlined one approach to trading strategy on the chart below. This involves: Entry at the close of yesterday’s candle ( about 1.0185) Initial stop above … Continue reading

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AUD:CAD – Reversal set up on weak close

Commodities are front and centre of market attention after QE3. The 2 commodity currencies, Aussie and Canadian have been active and the cross rate between them caught my eye today as an example of a potential ABC sell setup. Although, both Australia and Canada are major commodity … Continue reading

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AUDCAD Potential Short Term Reversal Zone – Guest Post

The Aussie currency pairs are trending strongly at the moment.  DV34 who frequently contributes comments to the blog has been kind enough to provide a detailed post on his technical analysis of Aussie: CAD.  Although both are regarded as “commodity” currencies, Aussie is looked upon as being … Continue reading

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Oil and Aussie: CAD – Mirror image set ups

On 25 June I posted details of a potential buy set up in Crude Oil West Texas CFDs. Applying this strategy would have seen a buy entry at around 80.38 and the first half of the position now sold for a … Continue reading

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AUD: CAD – Head and Shoulders Buy Update

I posted a head and shoulders buy set up on the Aussie: Canadian cross rate back on 5 June. Price is approaching the target outlined in the original post. However, this set up is now an interesting example of how … Continue reading

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AUD: CAD – Positioned for break on the RBA decision

AUD: CAD caught my eye when looking for strategically placed Aussie charts leading into this afternoon’s rate decision. As the chart below shows, we are currently parked just below the neckline of an inverse head and shoulder pattern. Entry could … Continue reading

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AUD/CAD – Sell if resistance respected

We have been witness to some very aggressive selling of nearly all currencies against the USD in recent sessions. Whilst there has been some let up in this area in the last 2 sessions there are still some very interesting … Continue reading

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AUD:CAD – Could be a head and shoulder

Hi everyone, This currency pair has the look of a potential head and shoulder. I’ve shown it in the 4 hour time frame on the chart below.

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A Less Risky “Risk Off” – AUD/CAD

After 6 trading days of “risk on”, comments from the German Finance Ministry have sparked selling across forex, commodity and share markets. This could point traders to a short position in AUD.

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