For Traders

Analytical Reviews

Trading plan

21.05.201808:57 Forex Analysis & Reviews: Trading signals for today - May 21 (AUD/CAD)

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD / CAD pair

Today, a signal was generated in the purchase at the cross rate of AUD / CAD pair with the target of 0.9807.

The signal was formed when the Marlin oscillator emerged above the zero line. This indicator is leading and for such patterns as convergence/divergence and the intersection of the zero line creates primary signals for the opening of the position. In this case, the time of the line transition above zero coincided with the price turn from the level of 0.9597, which became support after the price exit the support zone 0.9550 / 97. The very level of 0.9597 is the minimum from May 2. The goal of the growth is the blue line of the digital MACD indicator at about 0.9807, the maximum from April 13 and stop-loss below .9645. If the price fixes above the MACD line, new rising targets will open up.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.