AUD/CAD - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Broken Trendline & Support - Downtrend confirmed with multiple support breaks. (+2)
✅ Fair Value Gap (FVG) Resistance at 0.89998 - Price may struggle to break through. (+2)
✅ Potential Lower High (LH) Formation - If price rejects FVG, further downside likely. (+1)
✅ Possible 4HR Trendline Breakdown - Could accelerate selling momentum. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Trendline Break & Bearish Market Outlook - XTB
FVG & Resistance Levels - IFC Markets
📈 Bullish Bias
✅ 4HR Trendline Support Holding - If respected, a reversal could form. (+2)
✅ Fib Retracement Zone (0.382 - 0.618) at 0.90028 - 0.90345 - Price may recover to these levels. (+2)
✅ Trade Set-Up 2 Suggests a Higher Low Formation - Could indicate early bullish momentum. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Fibonacci & Trendline Strength - RoboForex
Bullish Market Reversal Possibilities - Bloomberg
📊 Sentiment & Market Factors
📉 Weak AUD Due to RBA Policy Uncertainty (- Bearish) - RBA rate outlook remains dovish. Source
📈 CAD Supported by Rising Oil Prices (+ Bullish) - Strengthening CAD fundamentals. Source
📉 Bearish Momentum & Market Structure (- Bearish) - Lower highs still dominant. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
✅ Broken Trendline & Support - Downtrend confirmed with multiple support breaks. (+2)
✅ Fair Value Gap (FVG) Resistance at 0.89998 - Price may struggle to break through. (+2)
✅ Potential Lower High (LH) Formation - If price rejects FVG, further downside likely. (+1)
✅ Possible 4HR Trendline Breakdown - Could accelerate selling momentum. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Trendline Break & Bearish Market Outlook - XTB
FVG & Resistance Levels - IFC Markets
📈 Bullish Bias
✅ 4HR Trendline Support Holding - If respected, a reversal could form. (+2)
✅ Fib Retracement Zone (0.382 - 0.618) at 0.90028 - 0.90345 - Price may recover to these levels. (+2)
✅ Trade Set-Up 2 Suggests a Higher Low Formation - Could indicate early bullish momentum. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Fibonacci & Trendline Strength - RoboForex
Bullish Market Reversal Possibilities - Bloomberg
📊 Sentiment & Market Factors
📉 Weak AUD Due to RBA Policy Uncertainty (- Bearish) - RBA rate outlook remains dovish. Source
📈 CAD Supported by Rising Oil Prices (+ Bullish) - Strengthening CAD fundamentals. Source
📉 Bearish Momentum & Market Structure (- Bearish) - Lower highs still dominant. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.