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Audcadforecast

AUDCAD - Waiting for the LONGAUDCAD has been very kind to us in the past and is now setting up for another gift. The Weekly has approached a double bottom and there is a little buying activity. However, we can see from our extensions (green and purple) that a move lower is possible. Price action has smashed through the 1.272 and so we expect it to reach the 1.618 or even the 2. Keep an eye on this, we may see a bear flag or two along the way. It may be a little early but we are setting up.......
Long
by enzenator
AUDCAD | Perspective for the new weekAUDCAD has straddled a 6.8% price corridor since the start of the year, giving us, at first sight, a bearish bias considering the bearish trendline identified on the daily timeframe. However, the appearance of a reversal structure and breakout out of structure signal on the 4H timeframe; the possibility that price might break out of the bearish trend line the second time to set the tone for a bullish momentum in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
AUDCAD | Might get a Sell Opportunity.When it comes to the technical analysis of AUDCAD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area. And also don't forget to place the stop just above the entry area. 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. If you find this technical analysis useful, please like & share our ideas with the community. 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 maxprofwizard
AUDCAD Continuing with Uptrend?Looking over the AUD/CAD chart, This is what I came up with, It's possible for OANDA:AUDCAD , To continue uptrending up until 0.96900, This can be a long-term trade, here are some of the insights into these graphs, that give enough information of why I think we might be going back up again : The Relative Strength Index is about to reach the 30.00 Mark, Which symbolizes that our Graph is oversold on the 4H time graph Our graph has touched the 4H Trendline It is in a zone of Support, it Touched this area more than 5 times already This is not financial advice, Although if you do take this, I wish the best for you.
Long
by UnknownUnicorn3740956
AUDCAD ideaWhen we go to a higher timeframe, D1 in particular, the market has provided us with three kicks nor three descending consecutive drives to give us a vast uptrend. Now when we look at H4 we can see some volatility contraction going on(bullish flags), we see a short correction and it pushed up nicely, now we’re faced with this huge contraction playing between prices 0.93000 and 0.94000. Our anticipation is to see an impulsive bullish movement to break above our higher high and shoot to 0.95500. Bulls are still looking aggressive, records to be broken...
by tokelohomi
AUDCAD LONG - Buy Entry - H4 ChartAUDCAD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: AUDCAD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 0.95317 Last High Resistance @ 0.94585 Resistance @ 0.94366 Pivot Point Yearly @ 0.93844 Support @ 0.93537 Support @ 0.93384 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ALong
by UnknownUnicorn35780991
AUDCAD LONG - Buy Entry - H4 ChartAUDCAD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: AUDCAD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 0.97937 Resistance @ 0.95887 Resistance @ 0.95293 Last High Resistance @ 0.94637 Pivot Point Yearly @ 0.93845 Support @ 0.93405 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ALong
by UnknownUnicorn35780991
AUDCAD SHORT As we can see with the pair, price has been moving in a bullish direction for several day. The current price behaviour seems to suggest that we might be in for a short term bearish correction. Price is showing signs of exhaustion shown by a potential break of market structure which further suggestion a change from a bull to a bear market in the short term. By looking at the Daily chart we can see a double top pattern formation and when we drop down H4 chart, this pattern becomes much more clearer. We can also see a long bearish pin bar pattern which formed around the high of the current month. With that be said, we will be waiting for price to breakout and close below our key level as confirmation of the trade setup .Once this breakout occurs we will than wait for the retest of this key level before looking for any entries. Our target area is located around the low of the previous month of Feb. The potential risk reward for this particular trade currently stands at around 5.33 to 1. We plan to hold this until target is reach or until price behaviour suggest otherwise and close the trade manually as per our trading plan.
Short
by NDOBObanks