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Audcadbuy

AUDCAD - LONG; LongtermHere the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally this relationship remains entirely dependent on China's economic status, at any give time.
Long
by Nemo_Confidat
AUDCAD It will go to the rising trend line +180 PipsWelcome Back. Please support this idea with LIKE if you find it useful. *** It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Short
by Saeed966
2
Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.AUDCAD reversed from the demand zone and completed a 5-3 wave cycle. According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend! The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5. Entry Ideas! The green lines are the confirmation level for the bulls. The red line is the invalidation zone. What's your view on AUDCAD? Let me know in the comment.
Long
by Veejahbee
AUDCAD - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Very bullish pressure above main sr level. 4 HOUR Overall bullish waving market structure, good long entries! DAILY Expecting prices to move towards previous week highs. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95490 SL @ 0.94950 TP @ 0.96330 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
22
AUDCAD heading towards 52 week high AUDCAD The recent risk rally helps the Aussie dollar to gain some strength against its counterpart Lonnie From August 24 this pair is trading in uptrend and reached the current monthly high of 0.96511 The uncertainty in oil prices also weighing in CAD pairs and it's lose some gain against the strong risk proxy currency which is Aussie dollar After completion of Elliott correction wave 03 which is a current monthly low- 0.94197 this pair went bullish And trading above all the 50,100,200 Exponential moving average will further attract the buyers until 0.9700 which is a 52 week high and a major resistance zone And a supply zone The current monthly high-0.96511 which is a third wave of Elliot principal We can open suitable buy orders at 50% Fibonacci retracement level of third wave which is 0.95588. And a completion of fourth wave Potential take profit will be 0.96964 which is the level expected to be a end of 5th Elliott wave We have to see the bullish engulfing or rejection at 0.94600 level to buy this pair and descending channel got broken on August 26 which is a clear sign of bullish Trend Positive risk appetite will make this pair as more bullish, Have a eye on corona vaccine development and a relationship between USA and China Important key levels Previous week low - 0.94661 Previous week high - 0.96511 Monthly high - 0.96511 Monthly low - 0.94611 52 week high - 0.96964
Long
by forexorbit
2
AUDCAD, daily timeframe, bullish divergence materialized (2)Hello my friends, I am updating my previos post about this pair. I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips. Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable. Partial profits taken here and stop loss has been moved to entry. For those who followed previous post, please do the same for a safer trade. I am holding half positon for TP2 at 0.9680 Good luck
Long
by HayatoDragonFX
5
Aud Cad short term bullish opportunityGood evening everyone, I hope you've all been doing well. As per the usual, I am going to keep this short and sweet. I strongly believe that we are headed up in aud/cad to atleast the 0.94810. Elliottwave analysis: If you saw my last post, which I highly recommend, you probably caught the wave a of the wave 5 and have come out with a great profit. This means that it is now time to catch the retracement. Typically I would expect a 0.382 retracement, but I am more than happy taking the conservative target on this one, which is the 0.236 retracement. I think we have finished the wave 5, since we have hit a 1:1 extension of the wave a of the wave 5, which is a strong indicator that this movement is over. Ideally, I think that we could target the bottom of the wave 4, since this is typically where the wave a ends after an impulse wave. Moving average analysis: The only thing that the moving average tells me, is that the target I have is the same as the 1 hour 55 ema, but I didn't take the EMA into too much consideration for this trade, since it wasn't giving me many strong singles. RSI analysis: The rsi analysis is the money maker. As we can see on the 1 hour, we have some strong bullish divergence, which IS WHAT I LIKE TO SEEEEEE. The best part is that this divergence is visible on many different time frames, for example, the 30, the one hour, and a little bit on the 2 hour. MACD analysis: This is indicator is also giving me really bullish signs. Firstly, we can see that there is some huge bullish divergence on the macd for the 1 hour and the 30 minute. We have seen another cross and I believe that we are headed to the upside. All in all, this is the trade setup I am following: Target 1: 0.236 retracement- 0.94810 Target 2: 0.95086 Stop loss: 0.94372 I wish you all the best when trading tomorrow. Stick to your stop losses and have a great time.
Long
by Mika_k
AUDCAD - SWING - 27. JULY. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bearish reaction after forming new highs. 4 HOUR Good long entries after pullback. DAILY Overall bullish market after a pullback, expecting another push to the upside. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95410 SL @ 0.94860 TP @ 0.96210 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
29
AUDCAD - SWING - 22. JUNE. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Very bullish price action. 4 HOUR Prices closed above main sr level and are trading above it. DAILY Expecting some pressure shortly and a lift off. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.93310 SL @ 0.92790 TP @ 0.94090 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
3