AUD/CAD ShortInto higher timeframe resistance.
Take profit is moving average so will move higher over time.
If stopped, it could set up again depending on price action.
AUDCAD trade ideas
AUD-CAD Short From Resistance! Sell!
Hello,Traders!
AUD-USD keeps growing
And the pair is locally
Oversold so after it hits
A horizontal resistance
Of 0.9085 from where
We will be expecting a
Local bearish correction
Sell!
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AUDCAD: Pullback Trade From Support 🇦🇺🇨🇦
AUDCAD looks bullish after a test of a key intraday/daily support.
As a confirmation I see a double bottom pattern followed
by a nice bullish imbalance on an hourly.
We can expect a pullback to 0.8989
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AUDCAD - Look for a long !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from bullish OB.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of CPI on AUD and Interest Rate on CAD. News with high impact on currencies.
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potential iron dome crash/pullbackaudcad had 10 days outperformance
potential profit takings to happen soon, before another major big run up or a reversal
wait for iron dome crash, only enter with ltf confirmations
mean reversion and counter trend play so be mindful of potential ATR and pip range/ profit range
AUDCAD: We may see the Bullish reversal on 1 hour TF.The pair had a good bullish run on daily time frame. It us retracing trendline resistance, as expected. On 1H chart it has shown the bullish divergence on RSI and price is in between 0.38 & 0.5 Fib. level which creates a bullish bias.
If price closes above the last High we may initiate a long position. Potential TPs have been marked on the chart.
What is your opinion.
Falling towards overlap support?AUD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.90009
Why we like it:
There is an overlap support level.
Stop loss: 0.89663
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 0.90563
Why we like it:
There is a pullback resistance level.
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AudCad is bearishthe critical levels is depicted on the chart and the pair is going south for a while
we are following the case for downward tp
please see daily chart as well as below:
AUDCAD Bullish Setup: 0.618 Fib Buy ZoneAUDCAD is trending bullish on the 1-hour timeframe, moving steadily within an ascending channel. No significant bearish divergence is observed, indicating potential for further upward momentum. A buy opportunity may emerge at the 0.618 Fibonacci retracement level.
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 onAUDCAD 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
AUDCAD SHORTPrice as it is on AUDCAD is expected to form a continuation pattern and continue its sell. However it is important to note that price might still go upwards for a third touch contact or an arc formation to sell.
Bullish bounce off pullback support?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.89466
1st Support: 0.89050
1st Resistance: 0.90056
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDCAD after long time, can we see bullishness
OANDA:AUDCAD long period of bearishness, personally having long position from Jul. last year i am have already shared one idea on AUDCAD which is still actual and will attach her.
What here now we have is long DESCENDING CHANNEL, currently its breaked and we have some bounces on sup zones.
Technically picture is strong bullish. Here after long time of bearishness, having strong bullish expectations to start.
TO KNOW: We are have and upper DESCENDING CHANNEL(white lines), which is be breaked and price is start falling, currently if we see now bullish push, price is expected to come in "UPPER CHANNEL" if that happens, will share and new idea and will be same with bullish expectations.
SUP zone: 0.88900
RES zone: 0.90400, 0.90700, 0.91000
AUDCAD MOVES WITHIN CHANNELOn Monday, January 27, reports showed China’s manufacturing activity contracted for the first time in four months, with the PMI dropping to 49.1 from 50.1 in December. The decline was attributed to the Lunar New Year holidays, as factory production slowed due to worker absences.
Given China's role as Australia's largest trading partner, particularly for commodities like iron ore and coal, reduced industrial demand impacts Australia's economy. Consequently, the Aussie weakened, causing AUDCAD to decline by around 0.40% following the data release.
UPCOMING CATALYST
On Wednesday, Australia's inflation data is set for release, with a projected quarter-over-quarter increase of 0.1% from 0.2% to 0.3%, and a year-over-year rise of 0.2%. However, the trimmed mean CPI is anticipated to dip to 0.6% from the previous 0.8%. This data will likely influence market sentiment around the Reserve Bank of Australia's policy stance.
Later in the day, attention will shift to the Bank of Canada (BoC), which is expected to cut its benchmark interest rate from 3.25% to 3.00%. The decision will be accompanied by a press statement that could offer insights into the central bank's future monetary policy direction.
TECHNICAL VIEW
On the 4-hour timeframe, price continues to trade within a channel, with the black trendline acting as resistance and the green lower band as support. The psychological 0.9000 level currently serves as minor support, awaiting a market catalyst for direction.
In view of these data point’s if we see a positive reading on AUD, buyers may target 0.9048, 0.9081, and 0.9130. Conversely, weaker or mixed data could see sellers pushing prices toward 0.8972, 0.8912, and 0.8879. Breakouts beyond these levels are also possible. Meanwhile BoC rate decision is expected to drive prices later in the day.
AUDCAD 30M AnalysisThe market structure shows a bullish bias with higher highs and higher lows forming.
🔹 Key Highlights:
Price is respecting demand zones, indicating strong buying interest.
Anticipating a pullback to the demand area around 0.9050 before a bullish continuation.
Targeting the resistance zone near 0.9120.
📈 Plan: Watch for confirmation at the demand zone to enter a long position.
What’s your take on this setup? Let’s discuss in the comments! 👇
#ForexTrading #AUDCAD #TradingView #TechnicalAnalysis #ForexSetup #PriceAction
AudCad should follow the trend.Looking for Impulse Down.
AudCad now at Daily FVG area. I am expecting it will follow down trend to take lower liquidity. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
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Waiting for momentum close abovemean reversion trade, AUDCAD to regain its main trend
CAD tariff news as risk
Feb 1st
imo possible people will start derisking from CAD in general rather than double down at this point of time
AUDCAD: Growth & Bullish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move up.
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Sell AUDCADNow would be a great time to short AUDCAD. Price beginning to fall. I anticipate a strong bearish move towards 0.892. Buckle up, this is going to be a long ride. Stop losses above 0.8933
Potential bearish drop?AUD/CAD has reacted off the pivot and could drop to the 1st support which is a pullback support.
Pivot: 0.90122
1st Support: 0.8940
1st Resistance: 0.90764
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDCAD is risingAUDCAD was in downtrend know price is making higher high and higher lows which indicates bullish momentum, currently price has taken a correction on one hour time frame and showing bullish momentum good oportinuity for buying at current levels
AUDCAD - Bearish Channel FX:AUDCAD is currently trading at the top of a bearish channel at 0.786 from the last lower high. I am expecting bearish trend to continue and for price to respect the bearish channel!
