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Audcadsell

AUD/CAD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ACTIVE..Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
13
AUD/CAD Analysis, Bear Claw is in Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The AUD/CAD has started what seems to be a Bearish movement back in September and it doesn't look it's going to stop any time soon. The pair is had a small push-up 2 days ago that let people think that the market is stabilizing but today's session started Bearish with a 0.5% drop already. Technical Analysis with possible Scenarios for the market : Scenario 1 : It seems like the market broke the first support line located at 0.91760 today, And the Bears are in control over the market right now and they will increase what power they have to drop the market even more. The first stop will be the support line at 0.91560 where they might have a small push back from the Bulls but most likely the victory will be on the Bears side, Which will lead to a further drop that will reach the 0.91000 zone Scenario 2 : The Bulls are trying to gain control over the market but so far with no luck, If they were able to gain some control it will probably push the price to the first resistance line located at 0.91970 where a big battle will happen and the Bears will go in to take control over the market and continue this Bearish movement, The first stop after this happens will be the second support at 0.91560 and then the 0.91000 zone Technical indicators show : 1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish Sign) 2) The ADX is at 16.11 showing that the market is not trending much right now and that it's having a Negative crossover between DI+ and DI- 3) The RSI is at 39.16 Showing Weakness in the market, with no divergence found between the indicator and the market Daily Support & Resistance points : support Resistance 1) 0.9176 1) 0.9197 2) 0.9166 2) 0.9206 3) 0.9156 3) 0.9217 Weekly Support & Resistance points : support Resistance 1) 0.9139 1) 0.9218 2) 0.9100 2) 0.9258 3) 0.9060 3) 0.9297 Fundamental point of view : The Australian Current Account Balance for the fourth quarter was reported at A$14.5B. Economists predicted a figure of A$13.1B. Forex traders can compare this to the Australian Current Account Balance for the third quarter, reported at A$10.0B. Australian Net Exports of GDP for the fourth quarter decreased by 0.1% quarterly. Economists predicted a decrease of 0.3% quarterly. Forex traders can compare this to Australian Net Exports of GDP for the third quarter, which decreased by 1.9% quarterly. The Canadian GDP for December is predicted to increase by 0.3% monthly and for the fourth quarter by 7.5% annualized. Forex traders can compare this to the Canadian GDP for November, which increased by 0.7% monthly, and to third-quarter GDP, which increased by 40.5% annualized. The forecast for the AUD/CAD remains bearish after price action failed to sustain its upward movement towards the psychological resistance level of 1.0000. According to Paxforex This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Short
by GabiDahduh
1
AUD/CAD:UPDATE SWING FIBO TRIGGER|BEARISH|SHORT SETUP🔔Trigger Reached . Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
6
AUD/CAD:DOWNTREND CONTINUATION|TECHNICAL+FIBO ANALISYS|SHORT🔔Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
1
💡Don't miss the great sell opportunity in AUDCAD". There is still a possibility of temporary retracement to the suggested resistance line (0.9305). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 26. Take Profits: TP1= @ 0.9261 TP2= @ 0.9247 TP3= @ 0.9234 TP4= @ 0.9215 TP5= @ 0.9194 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
17
💡Don't miss the great sell opportunity in AUDCAD". There is still a possibility of temporary retracement to the suggested resistance line (0.9305). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 25. Take Profits: TP1= @ 0.9261 TP2= @ 0.9247 TP3= @ 0.9234 TP4= @ 0.9215 TP5= @ 0.9194 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4