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AUDCAD

AUDCAD - The AUD Is Look Especially Weak Recently!Analysis: Bearish Confluences Strong downwards trend Break below major support Retesting a previous key level 38.2% fib retracement level touched In a descending channel Downwards trendline touch AUD is the 2nd weakest major currency whereas the CAD is the 4th weakest major currency 14K short position increase for the AUD Recent AUD news has been bearish Bullish Confluences 3K long position increase for the AUD 1K long position decrease for the CAD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
25
AUDCAD - 4hrs ( buy Trade Target Range 160 PIP ) Pair Name : AUD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( ❗️ Long ) Type : Mid Term Swing —————————— Bullish Break 0.87750 Area Reasons - Major Turn level / w - Fixed range lvn - Visible Range Lvn - Pattern Break - Day / week high - inner Choch Bearish Reversal 0.89300 Area Reasons - Major Turn level - Visible Range lvn - Trend Line Area - Pattern Target - Choch Area - Fibo Golden Zone
Long
by GoldenEngine
AUDCAD H4 | Bullish bounce off 50% fibo?Price is approaching our buy entry at 0.8699, which is an overlap support level and at the 50% fibo retracement level. Our stop loss is at 0.8622, which is placed slightly below the previous swing low support, and below the 61.8% fibo projection level. Take profit is at 0.8765, which is the multi-swing high resistance level, and at the 61.8% fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
AUDCAD H4 | Bullish bounce off 50% fibo?Price is approaching our buy entry at 0.8694, which is an overlap support level and at the 50% fibo retracement level. Our stop loss is at 0.8623, which is placed slightly below the previous swing low support, and below the 61.8% fibo projection level. Take profit is at 0.8764, which is the multi-swing high resistance level, and at the 61.8% fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Long-Haul Profits vs In-and-Out Action!Are you the kind of trader who savors holding on for massive profits or one who dives into every market movement? 🚀 Let's explore this week's expert-level market analysis, where we have both these trading setups on display. Today, let's delve into the low-risk, high-return approach. Turning our focus to the Australia-Canada pair, the weekly chart presents a compelling opportunity. Market proximity to the prior support zone ignites the interest of counter-trend traders like me, on the hunt for a buying chance. On the daily chart, the bearish trend nudges us toward a low-risk, high-potential return strategy. Zooming in to the four-hour chart, the bearish trend remains. However, the one-hour chart buckles the trend with a bullish flair. Remember, higher timeframes may suggest bearishness, but it's crucial for the one-hour chart to echo this sentiment for a more accurate read. 🔍📊 Returning to the weekly chart, let's uncover the trade opportunity I'm eyeing. Behold the bullish shark pattern in the midst of consolidation – a tempting mid to long-term prospect. This trade usually lingers for a minimum of two months, so if you're not up for the long-haul, perhaps it's not your match. Options to engage abound. On the daily chart, a beckoning ABCD pattern, ripe for the picking with a retest at 86.60. Shifting to the four-hour chart, a straightforward support at 87.07 shines. Meanwhile, the one-hour chart offers up a bullish shark at 86.34 or an immediate support at 86.95 for consideration. Yet my focus remains on the 15-minute chart, where a bullish shark nears completion at 87.01. What makes this the "only shark pattern" for this setup? Understanding your tools is crucial. Embracing the 15-minute chart strategy minimizes risk while amplifying the potential for this entire setup. Next week is critical – especially on Monday. And if you've heard the advice to "skip Monday trading," consider this your golden exception! Seize the moment! 💰💡
Long
by RaynLim
Potential bullish swingPrice started to decrease since the 0.90567 high and created a nice bearish channel. In this channel we acknowledged multiple breaks of market structure, the last break led to the 0.86000 low and price swiftly went bullish to the 0.87660 swing high which gives the idea of a change in market structure. Since the upward move created this minor divergence, price is anticipated to mitigate the demand zone and not make a liquidity sweep at 0.86252 to give us a bullish market. However, we should be wary of the current low and in this potential bullish swing, the ultimate target is 0.90303…
by tokelohomi
AUDCAD: Buyers back testing the trend. Today's focus: AUDCAD Pattern – Reversal Support – .8665 - .8625 Resistance – .8765 - .8790 • AUDCAD has posted four positive sessions in a row. • Could this be the start of a new longer rally or just a counter-trend? Hi, and thanks for checking out today’s analysis. Today, our focus is on the AUDCAD as price continues to rally after posting a failed low at an area of demand. Since that test, we have seen 1.09% added as buyers continue to drive a counter-rally. From here, we would like to see price maintain its buyer momentum. If we do see a new retracement, we would like it to stay around the 50% point of the current rally. A move back to support could be a worry about buyer strength. A move back up to test or break resistance would be positive, but for any new tests, we want to see HL and HH breaks to show trend strength. It’s not the first time we have seen a pattern like this, so pattern of trend is rather important to tell us if this is actually anything more than a deep counter-trend. Have a great day and good trading.
Long
by Eightcap
AUDCAD Weekly overviewRegarding our observations, currently there are significantly more buyers in the market. Regarding our observations, currently there are almost same number of buyers and sellers in the market Two levels of entry are possible here. Risk takers could enter 0.8653 that is a 15m order_block that accompanied by a liquidity hunt over it. Others could enter after breaking the 0.8714 or wait for a reverse after breaking. Multiplie TPs could help you save some profits.
Long
by AliSignals
2