Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
XtreamForex Daily Technical Analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="xtreamforex, post: 165346, member: 35633"] [B][SIZE=6][COLOR=#ff0000]Technical Overview of AUD/CAD and AUD/CHF Currency Pair[/COLOR][/SIZE][/B] [B][COLOR=#ff0000]AUD CAD[/COLOR][/B] The AUD traded higher against the CAD and closed at 0.9174. 1-After making a down move of 406 pips, the pair begin ascending. 2 - It’s above the 60/80 ema. 3 - Its above the weekly and monthly Pivot. 4 - It formed a Double Top Pattern, A breakout above the 127 Extension may lead the pair to covet the space made by 406 Pip down Move. 5 - If we have a look at the Futures data then we may see that the slope of AUD is towards UP side and CAD is towards Down. According to the Analysis, The pair is expected to find support at 0.93363, and a fall through could take it to the next support level of 0.92984. The pair is expected to find its first resistance at 0.94012, and a rise through could take it to the next resistance level of 0.94282. AUD CAD Previous Day range was 64.9 and Current Day Range is 30.3. [B][COLOR=#ff0000]AUD CHF[/COLOR][/B] The AUD traded lower against the CHF and closed at 0.6941. 1 - The Pair formed a double top. 2 - It could not breach the Up extension off 127 hence it confirms a double top. 3 - The 60/80 ema is facing towards down. 4 - Fundamentally as we know market is in Risk Off Scenario so we can gain help from the strength of Safe Heaven CHF to support this trade. 5 - A space with many Open orders left to cover while going towards the down side remaining. 6 - Pair is below the Yearly, Quarterly, Monthly and weekly forming a Proper Sync formation of trend. According to the Analysis, The pair is expected to find support at 0.69279, and a fall through could take it to the next support level of 0.69151. The pair is expected to find its first resistance at 0.69624, and a rise through could take it to the next resistance level of 0.69841. AUD CHF Previous Day range was 34.5 and Current Day Range is 37.1. [B][COLOR=#ff0000]Weekly Briefing[/COLOR][/B] On Sunday, the Chinese government published a paper in which it was announced that China will not back off in the US-China trade war despite recent tariffs. The Chinese securities and markets regulators announced that the impact of trade wars on financial markets can be controlled. This may Strengthen The CNY because a few days earlier the officials said that those who short the CNY will face many Losses. The Saudi Arabian Monetary Authority stated on Sunday steady slowdown of world economy growth could negatively affect oil market and, as a result, the country's economy temps of growth. It signals that when there will be instability then Who WILL BUY OIL? The Supply may exceed Demand. The J.P. Morgan analytics department stated on Saturday that escalating trade tensions with China and other countries could force the Federal Reserve to hike interest rates two more times in 2019- High interest Rate = Strength of the Economy A fundamental surge has occurred. Due to another Trump tariff announcement the USD dropped like a brick. As a result of that commodity prices have jumped. Gold touched the 1,300.00 level on Friday. For Detailed Technical Analysis Visit XtreamForex YouTube Channel. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…