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Audcadforecast

AUDCAD LONG PRICE ACTION FORECAST The price action has found support from the ascending trendline, leading to an uptrend bias. Now, expecting a retest before bullish continuation is feasible to place a long entry at the confluence zone. The ascending trendline meets the supply zone and encounters the Fibonacci level 6.18 for the entry-level. The order: Type: buy-limit S/L: 22 pips - R:R | 1:2.5 - T/P: previous resistance 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
2
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
AUD/CAD W Pattern on Daily TF Hello Traders, Buyers may enter into action near 0.618 fibonacci after the formation of a W pattern with 0.38 level testing partially failed going to look for a good support. Open position and take profit are shown on the chart ( green lines ) If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think! My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
Long
by AidiDuhanxhiu
AUDCAD - BEARISH BIASAUD - BEARISH 1️⃣ Australian economy shrank 7.0% on quarter in the Q2 2020 after a 0.3% fall in Q1, posting the largest quarterly contraction since the record began in 1959 and entering the first recession in 30 years. 2️⃣ Investors also moved into the US Dollar on hopes for a rebound in economic activity following better-than-expected U.S. manufacturing activity data. CAD - BULLISH 1️⃣ CAD boosted by upbeat PMI data, higher oil prices and a weaker dollar. The latest PMI data showed Canada’s factory activity grew for the second straight month and at the sharpest pace in two years as market conditions strengthened following coronavirus lockdowns and rising hopes of a post-pandemic economic recovery. 2️⃣ Oil prices was supported by a bigger-than-expected draw in US crude stockpiles. ===== TECHNICAL ===== - We're looking to short AUDCAD on pivot point level + SBR level on H1 chart. - AUDCAD in bearish zone.
Short
by MonsunAsia
AUDCAD, daily timeframe, bullish divergence materializedHello my friends, There is a bullish divergence on AUDCAD pair and i've spotted this divergence since 2 days ago. It finally materialized as price also broken above the descending trend line. Noticed also price above the support i marked and ichimoku cloud so this pair is bullish in general. I am currently buying AUDCAD from 0.9500 as per this writing. Buy AUDCAD 0.9500-10 Stop loss 0.9410 Take profit 1 @0.9590 Take profit 2 @0.9680 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
AUDCAD short for 220 pipsHello traders, As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every opportunity for this pair to push down and touch the trend line before deciding its fate. I have therefore marked the entry position, sl and tp as well. Let me know your toughts. Trade safe and good luck.
Short
by BannaKhan
1
AUDCAD moving perfectly The price came down as I said on the forecast of August 18, since the price has come all this way down, I believe it might follow the same patter it did back on May 2019 and the next target will be the trend line for at least 80PIPS and in a bit of a long term the next target will be the purple zone. . . . El precio hizo lo que había enviado en la idea del pasado 18 de Agosto, ya nos toco la primera zona y al haber llegado hasta este nivel me hace pensar que siga el mismo patron que el precio hizo en Marzo del 2019, dándonos como siguiente meta la próxima linea de tendencia y a un poco mas largo plazo la zona marcada.
Short
by anaju17
AUDCAD H1 LONG PRICE ACTION FORECAST After testing the demand zone, the price has rejected and wasn't able to form a fresh new low, indicating that upward momentum is coming. Confirmation after the news release from Canada tonight at 8:30 pm HK time we could confirm this buyers pressure over the AUD The order: Type: buy-stop S/L: 14 pips - R:R | 1:4 - T/P: previous high -- *** 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
AUDCAD H4 LONG PRICE ACTION FORECASTAlthough price action idd clearly under a bearish bias, the price has bounced from a previous supply zone. It moves towards the descending trendline to end the pullback (a correction from a downtrend impulse). The current structure allows the setup for a countertrend position to capture the pullback. The order: Type: buy-limit S/L: 24 pips - R:R | 1:2.5 - T/P: descending trendline -- *** 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