AUDCAD: Breakout Imminent!
-The overall long term rising channel continues to confine price action
-The price has broken out of the shorter term falling channel
-The price entered a period of sideways consolidation following the breakout of the channel
-The price settles above the short term 50-days SMA and the longer term 200-days SMA
-Accordingly, the bullish givens outweigh the bearish ones
-A break above the ceiling of the short term sideways range at 1.02335 would confirm 10350 initial target.
-Alternative scenario: a break below the floor of the sideways range at 1.0100 would confirm another bearish initially to 1.0000.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician
-The price has broken out of the shorter term falling channel
-The price entered a period of sideways consolidation following the breakout of the channel
-The price settles above the short term 50-days SMA and the longer term 200-days SMA
-Accordingly, the bullish givens outweigh the bearish ones
-A break above the ceiling of the short term sideways range at 1.02335 would confirm 10350 initial target.
-Alternative scenario: a break below the floor of the sideways range at 1.0100 would confirm another bearish initially to 1.0000.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.