The AUDCAD pair gave us an excellent sell signal last time (July 08 2024, see chart below) and easily hit the 0.9000 Target: This time, we have an established Channel Up with two Higher Highs and three Higher Lows priced in already. We are currently on the new Bullish Leg following the rebound on the 1W MA200 (orange trend-line). As long as this holds, we...
The AUDCAD pair just hit on the week's opening the Lower Highs trend-line that was first initiated on February 22 2021. As the 1W RSI is just below its own 3.5-year Resistance Zone, the first strong long-term sell opportunity flashes. Check below how the last AUDCAD analysis (May 29, see chart below) provided an excellent buy opportunity: The more short-term...
📊 In this analysis, we dissect the AUDCAD currency pair, meticulously exploring its behavior on the 1D, 4H and 30m time frames. Brace yourself for insights into range-bound dynamics! 🎯 🔍 Key Takeaways: 💹 1: Learn how to spot breakouts when the market defies its established structure. 💹 2: Discover actionable strategies for capitalising on range-bound...
The AUDCAD pair has been on a structured rise since the September 25 2023 Bottom, which technical is a Double Bottom formation for the long-term. The price is about to test the 1W MA200 (orange trend-line) for the first time since the week of March 20 2023 as well as the Lower Highs trend-line that started on the February 22 2021 High. Every time the pair...
Based on the bullish flag pattern and Elliott Wave analysis on the AUD/CAD pair's 4-hour timeframe, there seems to be a potential opportunity for a buying position. The bullish flag suggests a continuation of the previous uptrend, while the Elliott Wave count indicates the formation of the 12345 impulse wave sequence. This convergence of patterns could signal a...
The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension. As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236...
The AUDCAD pair is trading within a Channel Up pattern that has currently been rejected twice on Resistance 1 (0.905500). With the 1D MA50 (blue trend-line) crossing today (or tomorrow the latest) above the 1D MA200 (orange trend-line) to complete a 1D Golden Cross, and the 1D MACD forming now a Bullish Cross, we have a strong case for a break-out above Resistance...
Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down: The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by...
Hello traders, we need LTF confirmation for both zones. We should not enter as a limit order. Both zones are valid. 💡Wait for the update! 🗓02/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50....
The AUDCAD pair followed our prediction on the last analysis we made a month ago (see chart below) and hit two targets on the way to the bottom of the long-term Channel Down: The price is now on the 2nd straight green 1D candle after a flat Friday, which was most likely the bottom reversal of the Channel Down. As the 1D RSI hit the bottom of its Rectangle...
AUD-CAD was going up After the pair made a rebound From the local bottom but The pair is still in the downtrend And is trading in a below The falling resistance So after the retest I think That a move down is Very likely !
It's been 2.5 months since we last traded AUDCAD, when it gave us a sell signal (see chart below) right at the top of its Channel Down for maximum gain: Right now, the pattern is getting wider and its new bearish leg to a new Lower Low may be starting as last Friday's inability to close above the 1D MA200 (orange trend-line) may result in a Lower High...
On the 4-hour chart the trend started on June 30 (linear regression channel). There is a high probability of profit. A possible take profit level is 0.8947 But do not forget about SL = 0.8740 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
OANDA:AUDCAD RSI was in a long oversold and it has ended. The price has also reached a very important support level. The key points for the target are the 38%, 50%, 61.8% and 88% Fibonacci percentages. what's your opinion?
OANDA:AUDCAD Bullish Divergence Create in 1 HR TF. We enter this trade little bit late. AUD More Strong compare to CAD Same Divergence create AUD USD pair We only enter this trade due to DXY Bullish.
The AUDCAD pair hit today the 1D MA50 (blue trend-line) for the first time in more than two months (since February 22). By doing so, it has approached both the Channel's top (Lower Highs trend-line) and Resistance 1 (0.912750) of the April 03 High. With the 1W RSI still far from its Support/ Buy Zone, we treat today's rise as a sell opportunity and short towards...
The AUDCAD pair is about to complete a Head and Shoulders (H&S) pattern, trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The 1W RSI is far from its Buy or Sell Zone (long-term) so on the more medium-term the best approach is to trade the break-outs. The neckline of the H&S is at 0.933250 so a candle close above it invalidates the...