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Audcadanalysis

AUD/CAD Sell Opportunity From Trendline Resistance For 21 trading days, AUD/CAD has been rising. Now AUD/CAD is testing its trendline resistance zone. So, we are expecting AUD/CAD may drop from this level. 0.9230/0.9260 is identified as a trendline resistance zone. As long as the market is below trendline resistance, it has chances to drop. So, selling Between 0.9230 and 0.9260 could be a good swing trade. Stop-loss above 0.9300 price zone. The first target to the downside is 0.9166. Breaking below 0.9166 will open the door for 0.9120, and the final target to the downside is 0.9090. On the other hand, breaking above 0.9300 may open the door for a long-term buy.
Short
by Gold_Trading_Expert
1
AUDCAD is reaching a KEY level for a SELLHi Traders, AUDCAD has been making bullish continuations over again however it failed to continue its momentum higher as it made a reversal Impulse and then correctively moved within an ascending channel. As we know this type of channel shows a reversal is imminent and we are approaching a double top level to add confluence to this short position. Looking at price action for confirmation. Follow your plan and entry criteria. Good luck Share a comment below and let me know your view on this pair! Click the like button if you agree with this idea!
Short
by ktlfx
AUDCAD Looking for more upward MomentumHello Fellow Traders, I hope That Everyone Follows This Forecast To make some big Profits! Here is a Full Updated Analysis & Forecast For AUDCAD. The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. Let Me know if you have any Questions or Comments Below! Please Support My ideas & Educational Posts with a Like and Comment ❤️ See You in the next Analysis! Global Fx Education
Long
by Global_Fx
AUDCAD | Good Sell Opportunity.When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofprofile
SHort Opportunity on AUDCADFX:AUDCAD As we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe. There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance. There is also a Double top pattern on 4hrs Timeframe NB The pair just completed the XABCD pattern on a weekly timeframe, meaning the pair just started a bullish run on a weekly TF so trade with care That is my submission
Short
by Adhemola
6
AUDCAD 4Hr Long! Overview: Price has completed very important tests at 0.90297. Currently, price is trading inside 0.89694 | 0.91411 Buy-zone. From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price-- Or Price could advance for tests at Target 0.94720 Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Long
by legacyliked
Looks like a reversal will be coming soon Hi Traders, AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel. Follow your trading plan and make sure your entry meets your rules. Patience is key. Leave a comment and share your view on this pair! Support me by clicking the like button if this post has helped you. Good luck!
Short
by ktlfx