Forex Week #24

3AUDCAD

Candle-Pattern: 3-Soldiers (2.6. to 5.6.)

Friday: Downmove of 88 pips

AUD and CAD are both strong in COT. I only look at the technical angle now. If price will go above the last high on 1.0210 I will enter a long trade.

Seasonal: 57% down, avg 77 pips up and 94 pips down.

COT-Analysis

AUD’s index went upwards regarding the commercials. Now the Index shows 95-99 on 13, 26 and 52weeks. CAD is very strong with Index of 96-97 points on all timeframes.

TEILEN