AUDCAD - Long from trendline !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price continue the retracement to fill the imbalance lower and then rejects from trendline + FIBO 0.5 level.
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AUDCAD
AUDCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9181
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9147
Recommended Stop Loss - 0.9204
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUD/CAD has a strong bullish momentum, could it rise further?Price is falling towards the support level which is an overlap support that aligns with the 38.2%% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.91509
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91142
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.92096
Why we like it:
There is a pullback resistance level.
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AUDCAD: Bearish Forecast & Bearish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move down.
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AUDCAD Sell signal emerging on a 3.5-year Resistance!The AUDCAD pair just hit on the week's opening the Lower Highs trend-line that was first initiated on February 22 2021. As the 1W RSI is just below its own 3.5-year Resistance Zone, the first strong long-term sell opportunity flashes.
Check below how the last AUDCAD analysis (May 29, see chart below) provided an excellent buy opportunity:
The more short-term pattern though since the September 25 2023 Double Bottom is a Channel Up and it is close to pricing its new Higher High. This is just above the 3.5 year Lower Highs trend-line, so we give the sell signal this much tolerance level for some deviation.
Our Target on the medium-term is 0.9000 (Support Zone 1, similar symmetry to the previous Higher Low on Support Zone 2).
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AUD/CAD Bullish Breakout AlertThe AUD/CAD pair has broken out of an ascending channel, indicating a bullish continuation. The breakout is supported by increasing volume, suggesting strong buying interest. Key support is at 0.91500, with the target set at 0.93500. This setup offers a promising opportunity for traders, provided the support holds. Keep an eye on this pair for potential gains.
AUDCAD: Short Trading Opportunity
AUDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry Point - 0.9160
Stop Loss - 0.9182
Take Profit - 0.9119
Our Risk - 1%
Start protection of your profits from lower levels
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4th of July Special: AUDCAD Buy Signal – Celebrate with Pips! In this festive video, I'm sharing an exciting buy signal for AUDCAD just in time for the 4th of July! Let's celebrate Independence Day with a profitable trade opportunity.
We'll explore:
The key indicators and market conditions supporting the AUDCAD buy signal
Step-by-step analysis of the setup and potential price targets
Practical tips for executing this trade effectively
Risk management strategies to protect your investment
Join me as I break down this timely trade opportunity and provide insights to help you make the most of it. Don’t forget to like, comment, and subscribe for more trading signals and expert analysis. Let’s light up the markets and capture those pips together! 🎇💹
AUDCAD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for AUDCAD is below:
The price is coiling around a solid key level - 0.9134
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9124
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Bearish Ideas on AUDCADBullish momentum brought by an exuberant Australian dollar against a bearish Canadian dollar.
As always, rapid climbs leave many areas to fill, you could start from this point, or go looking for the maximums before a descent, this is why I have proposed two setups on the chart.
Be careful.
Bearish drop?AUD/CAD has reacted off the pivot and could fall to the overlap support.
Pivot: 0.91545
1st Support: 0.91123
1st Resistance: 0.91682
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDCAD triangle Hello traders,
A triangle has been formed in the chart! This is the path suggest for the pair. However Due to news release of Canada, there might be some surprises in the path, I have my positions open with lower volume and will move my SL to just the point of news release.
Any breaks out of triangle would make new setups available.
Best regards, Ali
Bearish drop?AUD/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop from this level to the pullback support.
Pivot: 0.91309
1st Support: 0.90987
1st Resistance: 0.91553
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDCAD What Next? BUY!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9068
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9095
Recommended Stop Loss - 0.9051
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Short on AudCadThe price has formed a lower low, and in the continuation of the downtrend, it is also forming lower highs. The point to note is that we have an engulfing pattern at the bottom, and now we have reached a fresh supply zone where a low-risk short position can be taken with a risk-to-reward ratio of 2.
Trade simple.
AUDCAD Will Go Higher From Support! Buy!
Here is our detailed technical review for AUDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.906.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.911 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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AUDCAD - 4hrs ( Sell Trade Target range 150 PIP ) ☑Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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✔️Bearish Break
0.90800 Area
Reasons
- Pattern Break Out
- Visible Range Hvn
- Inner Choch / 4hrs
- Major Choch / w
- Day + week low
- 3Q High + 2Q High Braek
- Month High break
- FiboGolden Zone
✔️Bullish Reversal
0.89000 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break
AUDCAD...UPTRENDStrengths of the Australian Dollar (AUD):
Australia plays a significant role in the global market for commodities such as iron ore and coal, which have experienced a notable increase in prices. The AUD can benefit from strong global demand and recent price increases for these commodities, as exports become more valuable.
RBA Taking a More Assertive Stance:
The Reserve Bank of Australia (RBA) has taken a more assertive stance compared to other central banks such as the Bank of Japan, by increasing interest rates in order to address inflationary pressures. This could potentially increase the appeal of the AUD for investors who are looking for higher yields.
Increased Bond Yields: Australian bond yields have reached their highest levels in five years, which could potentially make the AUD more appealing to foreign investors and strengthen its position.
Weaknesses of the Canadian Dollar (CAD):
Gentler Rate Increases:
The Bank of Canada appears to be adopting a more cautious approach in terms of increasing interest rates, in contrast to the RBA. This may decrease the appeal of the CAD for investors looking for greater returns.
Oil Price Volatility:
Although Canada is a significant oil producer, fluctuating oil prices can lead to unpredictability for the CAD.
SUMMARY
The AUDCAD uptrend could be influenced by the AUD's support from rising commodity prices and the potentially less hawkish stance of the Bank of Canada compared to the RBA.