www.varchev.com

AUD / CAD: Possible short-term correction

AUD / CAD: Daily chart – an uptrend and a break

Fibonacci – correction to 50%

Price action: top – possible reversal of the price upwards

Indiaktori:

50 / 200MA: 50 over 200, cost over 200MA

DeM and CCI spin from over-sold market – a positive signal

SL: 0.98252

Alternative scenario: If the price crosses below 200MA it will probably spoil the positive signal and we’ll see new bearish momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance