SmartTemplate by ActivTrades

The competitive online broker ActivTrades has a number of very useful applications that aid one’s trading and the broker is proud to offer a new such add-on – SmartTemplate, which is a detailed indicator for Metatrader 4, helping traders make calculated trading decisions.

This tool differs from most indicators on the market by offering simple but highly effective features. It doesn’t use any complex mathematical formulas, instead it indicates unique long and short trading opportunities based on chart signals and puts them in context with the respective trend strength. It provides explicit bar chart signals and it defines the clear time frame to trade.

Learn more about SmartTemplate and request it here.

AUD/NZD is Retracing

AUD/NZD has been moving to the upside since the beginning of March this year but the pair finally finally found some resistance at 1.0560 and bounced off from that level. The pair formed several very telling candlesticks at that resistance, namely a shooting star candlestick on the daily time-frame and two shooting star candlesticks on the weekly time-frame, the first of which was formed significantly lower than the other, already indicating that the bullish trend was likely exhausted. Currently the pair is falling towards the (MA)89 indicator on the daily time-frame, which is at 1.0775. A breakout below that support level could lead to a further move to the downside towards 1.0650, which is the previous low.

NZD/CAD Is Retracing

NZD/CAD has clearly been forming a retracement of the long-term bearish trend after it bounced off from the support at 0.8785. The pair has currently found some resistance at 0.9035, but it was clearly only temporary because it also bounced off from 0.8990 after forming an inverted hammer candlestick on the four-hour time-frame at that level. The question now is whether or when the pair will break out above the last high at 0.9035. If there is a breakout the pair will likely continue moving to the upside towards the resistance at 0.9090 which coincides with the (MA)89 indicator on the daily time-frame. On the other hand, if the pair continues falling and breaks out below 0.8990 its target to the downside will probably be the (MA)89 indicator on the four-hour time-frame at 0.8945.