AUDCAD further bearish sentiment?
Hello Traders,
today we would like to share with you the AUDCAD as it seems that it may push lower. As market hit for the third time our reaction point at 1.03, is bounced back and is making in lower timeframes a potential S-H-S formation.
This may be first clues that a lower extend to the downside is possible.
Looking at our intermarket indications, which always gives us a clue about potential market capital flows, it seems that further outflow may follow. The only indication which currently seems to recover a little is AUDCAD vs. Commodities ratio.
Therefore market may oscillate a little further around trendline break before potentially falling further to the downside!
We will wait today's close and see if potential trading opportunities occur.
Let's see. We will keep you updated!
Cheers,
Secrets2Trade
today we would like to share with you the AUDCAD as it seems that it may push lower. As market hit for the third time our reaction point at 1.03, is bounced back and is making in lower timeframes a potential S-H-S formation.
This may be first clues that a lower extend to the downside is possible.
Looking at our intermarket indications, which always gives us a clue about potential market capital flows, it seems that further outflow may follow. The only indication which currently seems to recover a little is AUDCAD vs. Commodities ratio.
Therefore market may oscillate a little further around trendline break before potentially falling further to the downside!
We will wait today's close and see if potential trading opportunities occur.
Let's see. We will keep you updated!
Cheers,
Secrets2Trade
註釋
We are still waiting for the continuation of outflow of capital, which would give the market a push to the downside. Trade currently at entry level.註釋
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。