Analysis on AUDCAD 21.10.2016

Analysis on AUDCAD 21.10.2016

Written by: PaxForex analytics dept - Friday, 21 October 2016 0 comments

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
•    Timeframe: H4
•    Recommendation: Long Position
•    Entry Level: Long Position 1.0160
•    Take Profit Level: 1.0300 (140 pips)

If the price rebound from resistance level, you should follow recommendations below:
•    Timeframe: H4
•    Recommendation: Short Position
•    Entry Level: Short Position 1.0060
•    Take Profit Level: 1.0000 (60 pips)



GOLD 
Possible short position in the breakdown of the level 1261

EURUSD
Possible short position in the breakdown of the level 1.0870

USDCHF
Possible long position at the breakout of the level 0.9960

GBPUSD
Possible short position in the breakdown of the level 1.2200