Get started

Audcadanalysis

AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low. Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4. Please feel free to leave a comment and like if you agree
Short
by OwlswiftFX
AUDCAD exhibits series of bearish signAUDCAD Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000. For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD managed to reach around 0.93500 level. I am expecting AUDCAD will fall from 0.94000 level and will reach the 0.92000 area which is a key psychological level and lower trend line area Give us a like if you found useful
Short
by forexorbit
Great Rejection From AUDCAD...Short Term BULLISH!!!As we can see from our chart, the support level (green level) still remains a rather strong level for AUDCAD as we see a nice daily candle rejecting off this zone. As of now, I see AUDCAD retest a level that is previously broken @0.9405 price level also near to 50.0 fib level. For now, a retracement is very valid but do keep a lookout at 38.2 fib level in case of a BEARISH continuation. Therefore, a short term BULLISH trade opportunity is a great opportunity for now. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
AUDCAD long trade idea Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
4
AUDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
AUDCAD: Retest Movement Incoming....AUDCAD managed to move down as expected to the support zone (green). As of now, I am seeing a short term retest for this pair to an important support level it broke @0.9405. Before any continuation, I will be expecting a retest to this zone. Further movement will determines if AUDCAD made a breakout to move down lower or a fakeout if we see price level respecting the broken support at 0.9405 by moving back higher. As of now, a short term BUY opportunity is valid. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
by YGForex
1