AUDCAD has broken out of the rising wedge and is currently retesting its broken structure. When all the rules of entry are satisfied, we could have a promising trade. Tell me your opinion in the comment section, also like and share. Thanks!
AUD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At their April meeting, the RBA took a slightly more hawkish stance by removing their reference to ‘patience’ in terms of policy tightening. With the bank taking a sanguine view of rising price pressures, the statement did reveal a growing concern for inflation with 10 references to ‘inflation’ in the...
The AUDCAD pair just hit the 1D MA50 (blue trend-line) after a rejection on the 0.95200 level. This resembles the February 25 2021 rejection of a similar 1-6 fractal in late 2020/ early 2021. We do expect a test of the 0.89125 low by Q3, however are prepared to take the loss and turn to buying if 0.95200 breaks, which is the invalidation line. Most recent AUDCAD...
Currently looking at a reversal set up on AUDCAD with a head & shoulders set up. Also we have seen a trend break however this was Friday on low volume so would like to see price pullback and trap sellers before the sell off towards targets. Driving factor - CAD Retail sales Trade safe :)
AUD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their April meeting, the RBA took a slightly more hawkish stance by removing their reference to ‘patience’ in terms of policy tightening. With the bank taking a sanguine view of rising price pressures, the statement did reveal a growing concern for inflation with 10 references to ‘inflation’ in the...
Aud Cad Bearish the Volume in all time frame is set for down trend & Here is Where You Can Sell Enter Sell Limit 0.94200 SL , use The Daily ATR x1.5
On the H1 timeframe, Stochastic is bouncing from support which indicates opportunity for a bullish bounce. This presents an opportunity for a bullish play at 0.94030 level, in line with Fibonacci confluence and graphical support.
AUD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their March meeting, the bank didn’t do much to surprise markets and stuck to a similar script compared to the previous meeting, with the exception of adding the Russia/Ukraine war as a major new source of uncertainty. While Unemployment is at 4.2% and expected to be below 4% throughout 2023, and with...
Looing at AUDCAD on 30M timeframe We looking for a possible short/sell position
AUD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their March meeting, the bank didn’t do much to surprise markets and stuck to a similar script compared to the previous meeting, with the exception of adding the Russia/Ukraine war as a major new source of uncertainty. While Unemployment is at 4.2% and expected to be below 4% throughout 2023, and with...
i. REJECTIONS @ RESISTANCE {1D} ii. DOUBLE TOP iii. TREND LINE BREAKOOUT You wait for a pullback to confirm your entry.
On the H1 timeframe, prices are holding above the Ichimoku cloud and moving average supports. This presents an opportunity for a bullish bounce at the 0.93513 level, in line with Fibonacci confluence level and graphical support.
AUD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their March meeting, the bank didn’t do much to surprise markets and stuck to a similar script compared to the previous meeting, with the exception of adding the Russia/Ukraine war as a major new source of uncertainty. While Unemployment is at 4.2% and expected to be below 4% throughout 2023, and with...
Looking at AUDCAD on DAILY Currently looking for long/buy position upon retest of the previous demand zone
AUD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their March meeting, the bank didn’t do much to surprise markets and stuck to a similar script compared to the previous meeting, with the exception of adding the Russia/Ukraine war as a major new source of uncertainty. While Unemployment is at 4.2% and expected to be below 4% throughout 2023, and with...
Corrective move following bullish impulse. Looking to join in on this bullish movement we have seen on AUDCAD recently
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9235). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9235). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...