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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

Idea for next week.The AUD/CAD pair has shown an upward movement on the four-hour chart, driven by a mix of market factors. Despite weak economic data from China, which weighs on the Australian dollar, recent gains have been supported by speculation around the Bank of Canada accelerating its rate cuts. The dovish stance from the Bank of Canada’s governor, coupled with falling oil prices, has weakened the Canadian dollar (CAD), giving the Australian dollar (AUD) room to strengthen. The pressure on CAD is compounded by concerns over lower oil demand, particularly in light of the global economic slowdown. Meanwhile, AUD continues to face challenges due to its strong correlation with Chinese economic performance, although it has managed to outperform CAD in the short term.
by EZIO-FX
Reacting to Reddit Comments on My Sentiment Strategy!In this video, I dive into Reddit comments and questions about my Sentiment Trading Strategy! From insightful feedback to controversial takes, watch as I react and respond to the community's thoughts and concerns. I’ll address some common misconceptions, provide clarifications, and discuss how the strategy stands up to scrutiny. 📌 What to Expect: ✅ Honest reactions to popular Reddit opinions ✅ Detailed explanations and breakdowns of the sentiment strategy ✅ Tips based on questions from the trading community ✅ Engaging commentary on the state of sentiment trading 👉 Got your own questions or comments? Drop them below, and I might feature them in a future video! 🚨 Disclaimer: Trading Forex and other financial instruments involves significant risk and may not be suitable for all investors. The content in this video is for educational and entertainment purposes only and does not constitute financial advice. Always consult with a financial professional before making any trading decisions.
by TruthakaWallStreetakaCookie2
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
Short
by ClearTradingMind
AUDCAD My Opinion! BUY! My dear friends, AUDCAD looks like it will make a good move, and here are the details: The market is trading on 0.9109 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.9160 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Technical Analysis of AUD/CAD: A Bullish OutlookAnalyzing the AUD/CAD currency pair, several technical indicators suggest a potential bullish trend: - Fibonacci Retracement Levels: The pair has approached key Fibonacci retracement levels, which often serve as support zones where buying interest may emerge. - Channel Pattern: AUD/CAD is nearing the lower boundary of a descending channel pattern. This area can act as support, potentially leading to a reversal or a bounce back within the channel. - Psychological Support Levels: The pair is approaching significant psychological price points, which can influence trader behavior and act as support levels, encouraging buying activity.
Long
by tsogerdene
1
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9093 2nd Support – 0.9058 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
12