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Audcadanalysis

AUDCAD long trade signal - multi-timeframe analysisthe complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy. we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it. in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart. we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did. so from this point, we are expecting the price will reject this area after the backtest and going up. moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD. TRUST THE PROCESS #EG-Finance
Long
by UnknownUnicorn9076755
2
AUDCAD: Daily analysis on a Wyckoff point of viewHi Traders, This is my view on this cross for the next few days. #AUDCAD is bearish till 0.83 area I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
AUDCAD: Short opportunity on DailyHi Traders, This is my view on this pair for the next few days. #AUDCAD SELL 0.9686 SL 0.9823 TP 0.8832 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
AUDCAD - BEARISH BIAS===== MARKET OUTLOOK ===== AUD - BEARISH 1️⃣ For the coming week, the highlight for the AUD will be on the Reserve Bank of Australia (RBA) rate decision due Tuesday. Because of the low inflation profile, the Bank is unlikely to adopt a hawkish tone in its statement on Tuesday 2️⃣ Meanwhile, rising tensions between China and Australia are likely to remain the major idiosyncratic challenge. CAD - BULLISH 1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD. The loonie also was supporting by rallied oil prices. 2️⃣ Canada has started to expand its vaccine distribution, currently vaccinating as many individuals as the United Kingdom and the United States every day. This helps to bolster the Canadian economy positive growth narrative. ===== TECHNICAL ===== - We're shorting this pair at SBR on M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1.
Short
by MonsunAsia