AUD/CAD - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Break of 1HR Trendline - Price has broken key trendline support, confirming a bearish move. (+2)
✅ Break of 1HR & 4HR Support - Key levels have failed, indicating sellers in control. (+2)
✅ FVG (Fair Value Gap) Resistance - Price may retest FVG before further decline. (+1)
✅ Lower Highs Forming - Market structure suggests continuation to the downside. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Trendline & Price Action - XTB
Market Structure & Momentum - IFC Markets
📈 Bullish Bias
✅ 4HR Support Zone Holding - Price is testing a key demand area (0.89324 - 0.89374). (+2)
✅ Possible Buy Setup on Momentum Shift - If price shows bullish rejection, a reversal is possible. (+1)
✅ Weekly Trendline Support Nearby - Long-term trendline acting as support. (+1)
🔹 Total Bullish Score: 4
📰 Sources:
Support & Reversal Patterns - RoboForex
📊 Sentiment & Market Factors
📉 Weak AUD Due to RBA Dovish Stance (- Bearish) - RBA hints at potential rate cuts. Source
📈 CAD Supported by Oil Prices (+ Bullish) - Rising oil prices strengthening CAD. Source
📉 Risk-Off Sentiment Weakening AUD (- Bearish) - Global economic concerns reducing demand for risk assets. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 4)
✅ Break of 1HR Trendline - Price has broken key trendline support, confirming a bearish move. (+2)
✅ Break of 1HR & 4HR Support - Key levels have failed, indicating sellers in control. (+2)
✅ FVG (Fair Value Gap) Resistance - Price may retest FVG before further decline. (+1)
✅ Lower Highs Forming - Market structure suggests continuation to the downside. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Trendline & Price Action - XTB
Market Structure & Momentum - IFC Markets
📈 Bullish Bias
✅ 4HR Support Zone Holding - Price is testing a key demand area (0.89324 - 0.89374). (+2)
✅ Possible Buy Setup on Momentum Shift - If price shows bullish rejection, a reversal is possible. (+1)
✅ Weekly Trendline Support Nearby - Long-term trendline acting as support. (+1)
🔹 Total Bullish Score: 4
📰 Sources:
Support & Reversal Patterns - RoboForex
📊 Sentiment & Market Factors
📉 Weak AUD Due to RBA Dovish Stance (- Bearish) - RBA hints at potential rate cuts. Source
📈 CAD Supported by Oil Prices (+ Bullish) - Rising oil prices strengthening CAD. Source
📉 Risk-Off Sentiment Weakening AUD (- Bearish) - Global economic concerns reducing demand for risk assets. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 4)
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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.