Global Chess Game. Now Is The AUD/CAD Turn.

Hello, friend!

While everyone is chasing global developments, let's recall an old traders' saying that it is necessary to start selling while everyone buying. However, here, in this case, it affects more not the direction of price movement, but the asset itself. While everyone is concerned about the assets like GBP, EUR, USD and the events that affect them, the market becomes more active. It is the state when almost all market participants possess the same information, and the price reflects the true cost of an asset. In such a situation, all new, relevant information together with quick response are the key to winning because information becomes outdated very quickly.

In other words, we can say that now all mentioned assets have no value for you because the markets become "professional", so newbies got nothing to do but to lose. That's why let's make a "strong" trader's step and move to the market that is poorly linked to the assets that we used to talk about before. This new market is stable enough and inert, which makes it possible to extract profits.

We are going to talk about the AUD/CAD asset.

Picture 1. The AUD/CAD chart for 18.01.2019 - 18.02.2019.

As we can see in picture 1, the price has recently got to the resistance line at the level of 0.94, which was hard to break through within a week, so the price jumped up. Thus, we can conclude that the fair price ratio at this moment is above 0.94.

However to confirm such a hypothesis we need some proofs. The best one will be the positions of big traders for this instrument because it is they who create the market. The ratio of prices is the risk factor for their businesses, so they will push down the market if the price is too big, and force it up if the price is at the minimum.

Picture 2. The chart of AUD/CAD and the index of big traders for 18.01.2019 - 18.02.2019.

As we can see in picture 2, the index of big traders at the moment of reaching the resistance line was close to a lower border and remained on the same level. However, on the last week, the number of positions for AUD/CAD increased and provoked rising. On this week the trend continues, and we expect the growth of AUD/CAD.

We believe that on this week the most profitable strategy will be increasing the number of "UPPER" positions.

I wish you good luck and new victories, my friend!