en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Select Page

Account Information

Dear trader,

As part of our ongoing commitments to ensure customer safety we kindly ask that you provide additional information to help us verify your profile.

Please send us an email to verifications@dt4xtrader.com with the following documents and information:

- Your full name that matches the name on your order with us.

- Your proof of identification. This can be a Drivers Licence, Passport or National ID. The identification document should not be expired.

- Your proof of address. Which can be one of the following:
- Utility bill (gas, electric, satellite television, landline phone bill) issued within the last three months (mobile phone bills are not accepted).
- Bank, Building Society or Credit Union statement or passbook dated within the last three months (credit card statements are not accepted).
- Original mortgage statement from a recognised lender issued for the last full year
- Local authority council tax bill for the current council tax year

- A selfie holding a piece of a paper with the text "DT4X Trader" written on it.

Once received our team will work to verify your account as soon as possible and you will then regain full access to your account.

Thanks for your patience,

DT4X Trader

Monday 26/06/2017 – AUD/CAD (1.00319)

by | Jun 25, 2017 | Technical and Fundamental | 0 comments

Australian Dollar / Canadian Dollar – Daily Report for June 26th (1.00319)

Short-Term Trend   –  Bullish

Intermediate-Term Trend  –  Bullish

Long-Term Trend  –  Bullish

Cyclical Trend  –  Bullish  (turns bearish on a monthly close below .8583)

Secular Trend  –  Bullish  (turns bearish on a monthly close below .7142)

 

SHORT-TERM VIEW

Historically, the exchange rate of the Aussie Dollar & Canadian Dollar have been closely tied to the value of commodity prices.  Economically speaking, both of these countries are heavily dependent on grains, metals, timber & petroleum products.  More specifically, Australia is a major exporter of wheat, iron ore & gold.  Canada is heavily involved in lumber & crude oil.

As the commodity markets have declined during the past few years, both currencies have remained under pressure against the US Dollar.  However, if we examine the exchange rate between the two currencies, the Aussie Dollar has outperformed the Canadian Dollar.

Let’s review the current outlook for AUD/CAD.  This may give us an indication of the future direction of the commodity universe.

For the most part, the short-term indicators for AUD/CAD are rather neutral.  The market has been locked in a tight trading range for the past few months.  The important numbers to watch are 1.0210 & .9947.  The bears need a daily close below .9947 in order to capture the downside momentum.  A close above 1.0210 would definitely swing the energy in favor of the bulls.

At least for now, it appears the bears have a slight advantage over the bulls.  Therefore, the most likely outcome is a close below .9947.  However, it would not be a good idea to place too much faith in this forecast.  The breakout could go either way.

 

LONG-TERM VIEW

Generally speaking, AUD/CAD has been slowly pushing its way higher for the past 10 years.  However, one could argue that a secular top was formed in February 2012 @ 1.0778.  This secular top can’t be confirmed until AUD/CAD produces a monthly close below .7142.

Based on the current reading of the long-term indicators, AUD will outperform CAD over the course of the next few years (possibly longer).  Therefore, it’s highly unlikely AUD/CAD will generate a monthly close below .7142.

Fundamentally speaking, the Australian economy is currently in better shape versus the Canadian economy.  Therefore, interest rates & inflation in Australia will continue to move higher in comparison to Canada.  Without question, the two driving forces for any currency are future expectations of interest rates & inflation.  Based on these factors, AUD has a clear advantage over CAD.

 

SHORT-TERM CHART

Please review the attached 6-month chart of AUD/CAD.  The market has been locked in a tight trading range for the past six weeks (horizontal lines).  The bulls need a close above 1.0210 in order to capture the upside momentum.  Conversely, a close below .9947 will push the momentum in favour of the bears.

Based on the current short-term chart patterns, the most likely outcome is a daily close below .9947.  Therefore, AUD/CAD should turn bearish over the course of the next few weeks.  However, the bears will probably be unable to push the market too far below .9947.

 

LONG-TERM CHART

Please review the attached 15-year chart of AUD/CAD.  Based on the long-term chart pattern, AUD/CAD made a secular bear market low in October 2008 @ .7142.  Generally speaking, the market has been drifting higher for the past nine years.  However, it does appear AUD/CAD has been trapped in a sideways trading range since 2013.  Nevertheless, the long-term trend is still bullish.

As we review the long-term chart pattern & technical indicators, the most likely scenario for AUD/CAD is higher prices.  It certainly appear this market wants to move higher over the course of the next few years (and possibly much longer).

A monthly close above 1.0448 could send AUD/CAD much higher as we  move into the final few years of this decade.  The bears need a monthly close below .8875 in order to push the chart pattern in their favor.  Possible but not likely.

 

SHORT-TERM BUY/SELL LEVELS                 LONG-TERM BUY/SELL SIGNALS

Bullish breakout @ 1.0210                                       Bullish breakout @ 1.0448

Bearish breakout @ .9947                                        Bearish breakout @ .8875

dt4xtader
All investors should take note that trading is accompanied by substantial risk, and they could potentially lose all their investment funds. Investors should only put at risk capital that would not adversely affect their financial position or life circumstances if lost. Investors should only trade with capital they can comfortably put at risk, and they should only trade if they have sufficient risk capital to fund their trading style. Investors should also note that trading with high gearing can magnify risk if not used judiciously. Any indication of past performance given by DT4X Trader is for illustration purposes only and does not in any way guarantee that investors will be able to replicate the results. The content of this website or any part of it is not intended as a solicitation by DT4X Trader to investor to buy or sell futures, options or forex.

All content published and distributed by DT4X Trader t/a GREATGADGETZ LTD and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained here is intended (a) as investment advice, (b) as an offer or solicitation of an offer to buy or sell or (c) as a recommendation, endorsement or sponsorship of any security, company or fund. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success. DT4X Trader is not a broker, we do not accept client deposits. DT4X  Trader itself does not carry out any regulated activities, the only exclusive activities we carry out is Prop Trading and Trading Education and consequently is not required to be authorised by the regulatory authority.

DT4X Trader t/a GreatGadgetz LTD | Company No: SC597488 | 272 Bath Street, Glasgow, Scotland, G2 4JR

COPYRIGHTS PROTECTED 2022 DT4X 

PARTNERS

PRIVACY POLICY

TERMS & CONDITIONS