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Audcadforecast

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
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller of the rallies as I feel that the market is trading a blue wave at the moment and therefore and change of view no matter how big or small, will cause a risk off mood and this trade should come into play. I have opened a short at 0.9360, SL 0.940 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9409 and the downward trend line just above that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support yesterday and have since bounced. I remain a seller of the rally's. I have opened a short at 0.9380, SL 0.9420 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway
3
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
AUDCAD LONG PRICE ACTION FORECAST A rejection from the demand zone can give some bullish momentum to this pair. The price has not managed to break the current level forming a new high. We could expect the price to break above testing the previous support level (dotted blue line), and after a pullback, a long entry could be set to the pattern neck. The order: Type: buy-limit S/L: 18 pips - R:R | 1:4 - T/P: previous confluence level -- *** If you like the idea, don't be shy; click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
AUD/CAD - retesting double top neckline before move lowerAUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way back down. Price closed below the neckline of this double top formation late last week, signalling a lower low. Today price is now retesting the neckline which we see as an excellent opportunity to enter short on this pair. Our price target will sit at the support level of 0.92371. If price closes above the neckline on the daily time frame, this analysis will be invalidated.
Short
by TheForexFellows
AUDCAD WAIT FOR A RETESTAUDCAD The price seems to be consolidate right now and im hoping for the price to break my flag either on the upside or the downside. Let’s wait for a retest before any entry. So if the price breaks the flag and makes a retest on purple level then make an entry for a long position, otherwise wait for retest on the down level before making a sell. . . . El precio parece estar consolidado en este momento y espero que el precio rompa la bandera dibujada ya sea a la alta o a la baja. Entonces esperemos que el precio rompa las lineas de tendencia y la zona morada y la retestee como piso para entrar en una compra y de no ser asi, espera a que el precio rompa la zona de abajo y la use como techo para entrar en una venta. Esperen una confirmación antes de hacer alguna entrada.
by anaju17