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Audcadshort

AUDCAD Looking to go shortThis pair broke below the significant s/r zone around 0.9000 and is now pulling back towards it. I am looking for signs of a bearish continuation in that area. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
2
AUDCAD Long Term 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 Video 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 forexplanet797
AUDCAD - Bullish CAD On The Horizon?Analysis: Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to enter. At this level we also can see that it has been tested multiple times and we can see big rejections from this area showing that there is a lot of pressure at this level so it's more likely to hold and continue to the downside rather then it breaking and heading to the upside, especially when we add the fact that we're also in a downwards trend. We don't have any other added confluences for this trade, however the technicals are still valid for our strategy. Fundamentally the AUD is 3rd weakest major currency whereas the CAD is the 2nd weakest currency so this doesn't go in our favour but this isn't the full picture. Recently we saw a huge decrease in long positions on the CAD and the AUD, but we saw a small decrease in short positions on the AUD whereas we saw a huge decrease in short positions on the CAD. Basically meaning that more short positions were closed on the CAD then the AUD signifying that there might be an end coming to the bearishness for the CAD. With our speculation on oil prices rising which is heavily correlated to the CAD we can see some strong bullish momentum on the horizon for the CAD which is why fundamentally we prefer the CAD over the AUD. With all of the technicals and fundamentals combined together we get a bearish outlook on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
10
AUDCAD - Short active ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block. Fundamental analysis: Tomorrow we have news on CAD, will be released Cash Rate, as well on Friday will be released Unemployment Rate in Canada. Important news for CAD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDCAD - CAD Strength On The Horizon?Analysis: Price has been in this downwards trend for a while now and we're expecting this to continue. Price has been forming a series of lower highs and lower lows which confirms our thesis that price is trending to the downside. Recently we saw price break below a key level of support and we're now seeing that same level get retested for resistance and we suspect that it will hold, as support can quite often become resistance and this level has held as resistance in the past before. To add to our idea we've also got the 50% fib retracement level at our area which we expect bears will be sat at wanting to push price to the downside which works with our idea. We've also got a downwards trendline which again we expect sellers will be waiting at, holding and pushing price down further. When we look at the fundamentals the AUD and CAD are both very similar in strength and weakness so there isn't any real bias here however we do still favour the CAD over the AUD as more institutions are exiting out of their short positions on the CAD and are in fact going long instead where as for the AUD we're seeing an increase in both long and short positions by institutions. Another factor why we prefer the CAD over the AUD is the the CAD is heavily related the oil prices. With Canada being the 4th largest oil exporter in the work and with the possibility of oil prices being on the rise again we could see the CAD start to gain some more strength. The AUD did have some positive news that came out yesterday however we don't see this bullishness continuing, especially after the AUD news release later on tonight which we expect will be bearish for the AUD. With all of the confluences factors that we have we get a short bias on this pair at this level so this is a pair that we are interested in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14
20 Reasons for sell AUDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market structure is bearish, and a doji bearish candle confirms the readiness for another impulsive move. There is no significant support until the target area, indicating the potential for a larger downward move in the coming years. 2:📆Monthly: A clear bearish impulse move is forming on the monthly timeframe, with the first pullback already completed. This suggests a strong downside move in the next few months, and there is also a triangle pattern present. 3:📅Weekly: The bearish structure continues on the weekly timeframe, with an inducement already completed. Price is following its downward trajectory, and another impulsive move towards both medium and larger targets is expected. 4:🕛Daily: Price is currently consolidating and has formed a spring with a high volume spike. There is a high likelihood of price retracing back to unmitigated Fair Value and Order Block areas before resuming its downward move. Sell entries are observed from higher areas. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Breakout from a triple bottom pattern or a bearish liquidity sweep. 7: 3 Volume: High volume at the breakout, and the retracement is already completed, suggesting further downside. 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways momentum. 9: 5 Volatility measure Bollinger bands: Price is currently at the lower band, indicating potential further downside movement. 10: 6 Strength ADX: Sideways strength. 11: 7 Sentiment ROC: AUD is weaker than CAD. ✔️ Entry Time Frame: H1 12: Entry TF Structure: Currently in a consolidation phase, waiting for a trigger event or breakout confirmation. 13: Entry Move: Impulsive move. 14: Support Resistance Base: Consider previous inducement and sweep areas as potential support and resistance levels. 15: FIB: Trendline breakout confirmation is awaited. ☑️ final comments: Sell at trendline breakout. 16: 💡decision: Sell. 17: 🚀Entry: 0.8964 18: ✋Stop Loss: 0.9005 19: 🎯Take Profit: 0.8843 20: 😊Risk to Reward Ratio: 2:3 🕛 Expected Duration: 5 days
Short
by Optimum369
AUDCAD Technical Analysis and Trade IdeaThis video examines the #AUDCAD currency pair and observes that it is beginning to trend downwards. However, entering the market at the current level may not be the best option. Instead, we are seeking a retracement upwards towards the resistance level, which could present a potential opportunity for a short position. It's important to note that the video explains everything in detail and is not intended as financial advice.
Short
by fxtraderanthony