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Aud-cad

AUDCAD: Buy short term and sell at the top of the Channel.AUDCAD is on a strong bullish reversal as the price made a new LL at the bottom of the Channel Down. The 1D time frame is still technically bearish (RSI = 41.867, MACD = -0.004, ADX = 60.849) and it won't start providing sell signals before it turns neutral at least. We will buy on the current market price and target the 1D MA50 (TP1 = 0.897500). On the 1D MA50 we will reverse to selling again, initially targeting S1 (TP2 = 0.878500) and if it gives a candle close under it, then we will extend selling to S2 (TP3 = 0..866300). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
18
AUDCAD: Sell at the top of the Channel Down.The AUDCAD pair is on the 1D MA50 for the third successive day, which is also the top of the Channel Down pattern. The 1D technicals have turned neutral (RSI = 52.833, MACD = -0.001, ADX = 23.757), indicating that this is technically a firm sell entry. We will use this opportunity to short and target the S3 (TP = 0.88650) as all the Higher Lows of the uptrend have been filled by this Channel Down. On the contrary, if the price crosses over the R1, we will go long and target the R2 (TP = 0.92400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
AUDCAD Testing the top of the Channel Down. Sell.The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High. With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards the Channel's bottom (Lower Lows trend-line), targeting 0.8870 (November 21 2022 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
AUD/CAD: Bearish Trend Continues - SHORT SetupAs of today, the AUD/CAD exchange rate has been displaying a consistent bearish trend, characterized by a series of lower highs and lower lows. Notably, on 23 April 2023, the pair reached a high of 0.9100, followed by a subsequent drop in value to its current level of 0.9000. Further analysis reveals that the exchange rate has been trading within a symmetrical triangle pattern, with a clear bearish bias. However, recent price action appears to have broken the lower boundary of the pattern, signaling a potential continuation of the prevailing bearish trend. As such, market participants are currently on the lookout for bearish trading opportunities in this scenario. Overall, given the AUD/CAD's recent price movements and technical patterns, it appears that the exchange rate may continue to trend downwards, with the next potential support level serving as a target for bearish traders.
Short
by FOREXN1
9
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90750 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.90750 Support and resistance zone. i would also keep an eye on indices to confirm the bias as AUDCAD does correlate positively with AUDCAD so bearish indices should be a good indicator for the trade. Trade safe, Joe.
Short
by JoeChampion
35
Audcad likely more downside **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys