AUD-CAD Will Keep Growing! Buy!
Hello,Traders!
AUD-CAD is trading in a
Local uptrend and the pair
Is making a strong rebound
From the wide horizontal
Support level of 0.9005
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
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AUDCAD
AUDCAD: Short Trade Explained
AUDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry Point - 0.9016
Stop Loss - 1.9031
Take Profit - 1.8983
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCAD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The price is coiling around a solid key level - 0.9015
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8992
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Bullish bounce?AUD/CAD is reacting off the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.9006
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.8976
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.9044
Why we like it:
There is a pullback resistance level that is slightly above the 138.2% Fibonacci extension.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDCAD: Bearish Cross kickstarting a decline.AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600.
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Bullish Outlook on 4H Chart: Key Fibonacci Levels in Focus
AUDCAD appears bullish on the 4-hour chart, with the first resistance level (Level 1) at 0.90550. A breakout above this level could drive the pair toward the next key resistance (Level 2) at 0.91257, aligning with Fibonacci retracement levels.
AUDCAD Bullish Pennant Formation and Expected Breakout AnalysisAUDCAD BUY Entry Point= 0.90000
Stop loss = 0.89500
AUDCAD is currently trading at 0.90000, with a target price of 0.91500. This setup suggests an expected upward movement of 150+ pips. The market is forming a bullish pennant, a continuation pattern indicating potential for further gains. A breakout from this pattern is anticipated, which could drive prices higher. The breakout confirmation will strengthen the bullish sentiment, increasing the likelihood of reaching the target. Traders should monitor volume and momentum indicators for confirmation. Stop-loss placement is crucial to manage risk effectively. If the breakout is strong, the price could move swiftly towards the target. Patience and proper risk management are key to capitalizing on this setup. Overall, a bullish outlook is expected upon a successful breakout.
AUDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90000 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.90000 support and resistance area.
Trade safe, Joe.
AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCAD Long Term Selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Bullish bounce off pullback support?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.89466
1st Support: 0.89050
1st Resistance: 0.90056
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 - Look for a long !!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. My point of interest is imbalance filled + rejection from bullish OB.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of CPI on AUD and Interest Rate on CAD. News with high impact on currencies.
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Falling towards overlap support?AUD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.90009
Why we like it:
There is an overlap support level.
Stop loss: 0.89663
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 0.90563
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish drop?AUD/CAD has reacted off the pivot and could drop to the 1st support which is a pullback support.
Pivot: 0.90122
1st Support: 0.8940
1st Resistance: 0.90764
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.
Bearish drop?AUD/CAD has reacted off the pivot and could drop to the 50% Fibonacci support.
Pivot: 0.90122
1st Support: 0.89401
1st Resistance: 0.90764
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.
AUDCHF: Bearish Forecast & Outlook
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 AUDCHF pair price action which suggests a high likelihood of a coming move down.
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AUDCAD The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the AUDCAD next move:
The asset is approaching an important pivot point 0.8957
Bias - Bearish
Safe Stop Loss - 0.8980
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8922
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUD/CAD - Long This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis.
Please note the is a counter trend idea targeting the daily swing structure.
Higher Time Frame
Weekly - Structure on the weekly chart is bearish.
Daily - Structure on the daily chart is bearish.
Medium Timeframe
4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame.
Lowe Timeframe
1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher.
Hopefully the chart provides a better explanation. Any feedback is appreciated.