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Audcadshort

AUDCAD Technical Analysis and Trade IdeaAnalyzing the AUDCAD currency pair, we observe a bearish shift in market structure evident on both the 4-hour (4H) and daily (1D) charts, characterized by a substantial downward movement. My focus lies on identifying a potential trade opportunity during the retracement phase, capitalising on the imbalances evident within the chart. I encourage you to watch the video for a detailed explanation, but please be mindful that the information provided is for educational purposes and should not be construed as financial advice or recommendations for trading decisions.
Short
by fxtraderanthony
2
AUDCAD Long Term BUYING Trading IdeaHello Traders In This Chart AUDCAD DAILY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity on AUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
1
AUDCAD Long Term selling Trading IdeaHello Traders In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity on AUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
Forex Trade Analysis - AUD/CAD (1-Hour Chart)📉 **Forex Trade Analysis - AUD/CAD (1-Hour Chart)** 📉 #AUDCAD #ForexTrading #TechnicalAnalysis #BearishTrend #ContinuationPattern Hey traders! 👋 Here's an insightful analysis of the AUD/CAD forex pair on the 1-hour chart that presents a potential trading opportunity. Let's dive in! **📈 Trend Analysis:** The AUD/CAD pair is currently exhibiting a bearish trend on the 1-hour chart. The price has been consistently moving lower, indicating a downward bias in the short term. **📊 Technical Indicators:** The Relative Strength Index (RSI) doesn't show any significant divergence at the recent lower lows (LLs). This suggests that the current downtrend might not be losing steam yet. **📐 Chart Pattern:** A bearish flag continuation pattern has emerged, reinforcing the downward momentum. This pattern is a sign of the market taking a breather before potentially resuming the ongoing downtrend. **📉 Trade Plan:** - **Sell Stop:** 0.87179 (0.51 Lots) - **Stop Loss:** 0.87376 - **Take Profit 1:** 0.86971 - **Take Profit 2:** 0.86762 **💡Trade Rationale:** Given the bearish trend, lack of divergence in RSI, and the presence of a bearish flag pattern, a short position is taken. The sell stop is placed at 0.87179 to catch a potential breakdown. **🛡️ Risk Management:** The stop loss is set at 0.87376, providing a 1:1 risk-reward ratio. This ensures that potential losses are controlled if the trade goes against the analysis. **🎯 Profit Targets:** The take profit levels are set at 0.86971 and 0.86762. These levels align with the anticipated continuation of the downtrend. **⚠️ Disclaimer:** This analysis is for educational purposes only and should not be considered as financial advice. Trading in the forex market involves risks, and past performance is not indicative of future results. Always do your research and consider seeking professional guidance before making investment decisions. Remember to stay updated with market movements and adapt your strategy as needed. Happy trading! 📊📈 #InvestWisely #TradeSmart #ForexMarketInsights #LearnAndEarn
Short
by T-Q
AUDCAD - Short active ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance and rejected from 1H bearish order block + institutional mid figure 0.89500. Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
AUDCAD Short Bearish gets strongerAustralia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends. AUD has been hurt by a mix of factors recently: a setback in risk sentiment amid the lack of meaningful progress in Washington over raising the debt limit, a trimming back of rate cut expectations after hawkish speak from US Federal Reserve officials, and underwhelming Australia data (jobs data being the most recent). This puts increased focus on Australia retail sales data for April due Friday – forecast to have slowed to 0.1% on-month from 0.4% previously.A below-expected print could precipitate a decline in AUD. Also, a higher-than-expected US core PCE price index print (expected to remain flat at 4.6% on-year) could boost USD. AUD/CAD’s fall below a horizontal trendline from April at about 0.8950 has triggered a minor double top (the April and the May highs), potentially exposing downside risks toward 0.8800. The bearish development follows a failure to cross above stiff resistance on the 89-day moving average (see the daily chart).
Short
by DaveBrascoFX