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Audcadforecast

AUDCAD ROADMAP currently, price playing inside a trendline channel and potentially forming top formation (H&S pattern), bearish divergence on MACD indicates as the first sign of reversal might occur if the buyer failed to break out the 0.9690 resistance level. **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
Short
by GWBFX
10
AUDCAD - BEARISH BIAS.#AUD - Bearish Mode Recap: 1️⃣ Aussie down because of the rising COVID-19 cases in Australia,disappointing business confidence data and global risk sentiment moved towards negative. 2️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government. Review: 1️⃣ Australia CPI For Q2 - Bearish prediction — Dropped in consumer inflation expectations in Q2. 2️⃣ 2nd quarter GDP figures from key economies, COVID-19 news, and geopolitics will remain the key drivers. A jump in new COVID-19 cases and deteriorating relations with China would likely test support for the Aussie Dollar. ===== #CAD - Bullish Mode Recap: 1️⃣ Retail sales bounced back from April’s slump, with inflationary pressures picking up in June. 2️⃣ Crude oil prices also headed northwards in the week, providing the Loonie with support. Review: 1️⃣ Canada GDP for May - Bullish prediction — Stronger trade balance and retail sales.
Short
by MonsunAsia
AUDCAD H1 SHORT PRICE ACTION FORECAST Price action manages to break through the ascending trendline, with a retest of the broken line, and pass through the 200MA as the last line of defense for the coming bearish momentum. Now, expecting a pullback fro further downtrend continuation, a short entry is placed. The order: Type: sell-limit S/L: 15 pips - R:R | 1:2.5 - T/P: coming support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
AUDCAD on an important levelAfter the price reached the level I wanted to , 2 things can happened on this level, the price can either used it as a floor and continues it way up or use the level 0.96085 as a ceiling and come all the way down near the level 0.95305. . . . . . Despues de haber llegado al nivel esperado ayer, pueden pasar 2 cosas, el precio puede respetar esta zona como piso y seguir subiendo o usar la linea del nivel 0.96085 como techo y bajar a la linea cerca del nivel 0.95305.
by anaju17
AUDCAD H4 LONG PRICE ACTION FORECAST This pair has been in a smooth but continue bullish trend, heading toward previous high from April 2019, it remains to show uptrend momentum. Today rally was supported by the pessimistic Core Retail Sales m/m from Canada putting a weakened Canadian dollar under additional sellers pressure. I expect a pullback to the confluence zone from the recent resistance area, for a further uptrend momentum. The order: Type: buy-limit S/L: 33 pips - R:R | 1:3 - T/P: resistance level from previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
AUDCAD going upAs per the analysis sent out yesterday, it looks like the price respected the green line as ceiling coming down to touch the orange trend line nearly touching the Ema 89, therefore Im hoping for the price to come all the way up to the next important level near 0.96085 . . . . . . Basándome en el análisis de ayer parece que el precio respeto la linea verde como techo en vez de romperla, lo bueno fue que llego a tocar la linea de tendencia naranja cerca de tocar la Ema 89, lo cual me hace pensar que va a volver a subir cerca del nivel 0.96085.
Long
by anaju17
AUDCAD H4 LONG PRICE ACTION FORECAST The Asian pairs have shown a strong recovery to pre-pandemic levels, with their primary partner China showing clear economic improvement signs, Australia and New Zealand are in a clear bullish trend. This pair has been trading bouncing from the 50 EMA, the reason why a long entry is placed to capture the next bounce from the FIb level 38,2 to ride a swing trade. The order: Type: buy-limit S/L: 455 pips - R:R | 1:4 - T/P: previous resistance level level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER