Dolar Australia/Dolar KanadaSingkat
AUDCAD: Bearish pennant forming on 4h chart
After a sharp drop/ downtrend of AUDCAD a bearish pennant has formed on 4h chart.
The price is consolidating before I believe it will breakout on Monday morning and test the daily resistance from December at about 0.94. I believe this will be broken and price to continue the weekly/ monthly downtrend that is forming and looking at the current forecast for the AUD, I believe price could continue to drop to support at 0.924; a low that hasn't been reached since the Summer of 2013.
All comments are welcome as I'm fairly new to this and I only aim to improve my forex skills. Let me know what you think.
The price is consolidating before I believe it will breakout on Monday morning and test the daily resistance from December at about 0.94. I believe this will be broken and price to continue the weekly/ monthly downtrend that is forming and looking at the current forecast for the AUD, I believe price could continue to drop to support at 0.924; a low that hasn't been reached since the Summer of 2013.
All comments are welcome as I'm fairly new to this and I only aim to improve my forex skills. Let me know what you think.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.