AUDCAD trade ideas
AUDCAD BUY short term1 Month immediate PA is bullish
1 Week swing bullish, Price at weekly OB
Expect continuation or strong price movement from there
Daily swing is bullish; price is at daily OB
Expectation - continuation or strong buy momentum
Daily internal is bearish though
Price is at daily internal supply zone
4 Hour swing is bearish
Internal is bullish
We can anticipate m15 mss to suggest 4 Hr continuation
But M15 immediate PA is bullish till otherwise
Looking to scalp the M15 price action
AUDCAD The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the AUDCAD next move:
The asset is approaching an important pivot point 0.8957
Bias - Bearish
Safe Stop Loss - 0.8980
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8922
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDCAD Wave Analysis 17 January 2025
- AUDCAD reversed from support zone
- Likely to rise to resistance level 0.9000
AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860 (former multi month low from April) and the lower daily Bollinger Band.
The active impulse wave 1 belongs to the higher order impulse waves (1) and 1, which started from the same support area.
AUDCAD currency pair can be expected to rise to the next resistance level 0.9000, former strong support from December coinciding with the daily down channel from September.
AUDCADThe Canadian Consumer Price Index (CPI) for December is scheduled to be released on January 21, 2025 This data will provide insights into the inflation rate in Canada, giving investors and economists a better understanding of the country's economic performance. The CPI measures the change in prices of a basket of goods and services, and it's an important indicator of inflation
Now, let's dive into how the CPI data print can impact Canadian currency trading directional bias. The CPI is a key indicator of inflation, which plays a significant role in shaping monetary policy decisions.
- Inflation Rate: A higher-than-expected CPI can lead to a stronger Canadian dollar (CAD), as it may indicate a potential interest rate hike by the Bank of Canada to curb inflation. Conversely, a lower-than-expected CPI can weaken the CAD
- Monetary Policy Implications: The Bank of Canada closely monitors the CPI to determine whether to adjust interest rates. An interest rate hike can attract foreign investors, causing the CAD to appreciate, while a rate cut can lead to depreciation
- Investor Perception and Confidence: A stable inflation rate, close to the central bank's target, can boost investor confidence in the CAD. However, uncontrolled inflation or deflation can deter investors, leading to reduced demand for the CAD and its subsequent depreciation .
Great A plus trade What a great price action The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped.
The loonie was trading 0.3% lower at C$1.438 to the greenback, or 69.54 U.S. cents, after trading in a range of 1.4323 to 1.4393.
Canadian government 10-year bond yields fell 0.1 basis points to 3.418%. The yield on similar U.S. government benchmark debt rose to 4.6695%.
U.S. February crude futures fell 14 cents to $79.9 a barrel on Thursday.
Canadian housing starts in December fell more than expected to 231,500 units from a revised 267,100 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.
AUD/CAD - Long This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis.
Please note the is a counter trend idea targeting the daily swing structure.
Higher Time Frame
Weekly - Structure on the weekly chart is bearish.
Daily - Structure on the daily chart is bearish.
Medium Timeframe
4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame.
Lowe Timeframe
1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher.
Hopefully the chart provides a better explanation. Any feedback is appreciated.
AUD/CADIt seems 0.89510 is an important Support and now Resistant that has been respected. Price is continuing bullish move towards this level.
It seems that price is coming back up to test the neck of previous Bearish Head & Shoulders which that is where Sellers came to actiion.
Just watch it on a lower time frame for any potential of reeversal back to bearish Primary move. look for any candle formationthat signals reversal to Bearish move.
AUD/CAD using TB-Synergy Strategy V6+Alerts 2.0 (Trade#1)We are documenting 30 trades in 30 days using the FTMO challenge 10K with its rules and only using my strategy 9-in-1 indicator to pass the challenge, the rules are on my website , we will be posting 1 trade per day in any good setup that we see using the top down analysis daily-4h-1h
we hope to show the usefulness of my strategy and indicator is and how accurate
AUDCAD - Short from bearish OB !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from bearish OB.
Fundamental news: Upcoming week on Thursday (GMT+2) we will see results of Unemployment Rate on AUD, news with high impact on currency.
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AUDCAD Intraday trade 15/01/2025On the daily timeframe, #AUDCAD remains in a clear bearish trend, but as discussed earlier, the pair is currently in a pullback phase, forming a potential lower high.
At present, price is hovering around the 0.88966 level, which serves as a key area of interest for sellers.
Traders should be watching closely for signs of rejection or bearish confirmation at this level, which could present a solid selling opportunity in line with the prevailing trend.
Alternatively, if the pullback extends further, the next significant level to monitor is around 0.89667, where deeper retracement could offer another opportunity to enter short positions.
It's important to remain patient and allow price action to dictate the next move within this ongoing bearish structure.
Happy Trading
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89600 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89600 support and resistance area.
Trade safe, Joe.
AUD-CAD Bearish Bias! Sell!
Hello,Traders!
AUD-CAD is trading in a
Downtrend and the pair made
A retest and the pullback
From the horizontal resistance
Level of 0.8910 so we are
Bearish biased and
We will be expecting a
Further bearish move down
Sell!
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Check out other forecasts below too!
AUDCAD Will Go Lower! Short!
Here is our detailed technical review for AUDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.887.
Considering the today's price action, probabilities will be high to see a movement to 0.882.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Retest of Support level to the downwards movementAs from my analysis we can see a Change of trend occurred and now we are in a down trend, lower low and support formed and our Support was broken and now is being retested meaning there's a high chance the market will respect the Old support and treat it as our New resistance and the price will continue down. Let's wait for a bearish candlestick to confirm that before we enter our sell