AUD/CAD Signal- November 20, 2012
Forex pairs in this Article »
AUD/CAD
By: DailyForex.com
Currency: AUD/CAD Trend Expected Direction: Down Method: Ichimoku, Technical Analysis Description: The AUD/CAD pair changed its direction after it hit a descending trend line originating in February. On 4 hour time frame, prices fell below the Ichinoku cloud and the Tenkan Sen line crossed below the Kijun Sen line, indicating that the bears are increasing their strength. Since the stop and profit levels are far from the current price, I would recommend small position. Recommendation: Short Target Area: 1.0260 & 1.0190 Stop-Loss: 1.0430
Currency: AUD/CAD Trend Expected Direction: Down Method: Ichimoku, Technical Analysis Description: The AUD/CAD pair changed its direction after it hit a descending trend line originating in February. On 4 hour time frame, prices fell below the Ichinoku cloud and the Tenkan Sen line crossed below the Kijun Sen line, indicating that the bears are increasing their strength. Since the stop and profit levels are far from the current price, I would recommend small position. Recommendation: Short Target Area: 1.0260 & 1.0190 Stop-Loss: 1.0430
Free Annual Reports
