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AUDCAD trade ideas

AUDCAD Outlook💹 Forex: 📉 Bearish Outlook: AUDCAD has been breaking into new lows on our 5hr, 30m and 5m time frame. Context time frame (5hr): Price has been surfing below the 10ema and is showing strength. Context time frame (5hr): Price has brokeup and made a valid pullback into the 10ema and has showed a valid pullback. Validation time frame (30m): Price is showing strength and surfing below the 10/50/200 EMAs. Validation time frame (1D): Price has brokeup into the 10ema/50ema and has showed a valid pullback. Entry time frame (5m): Price has brokedown below the 10ema/50ema and has showed strength. Entry time frame (5m): I am interested in price if we can re-distribute by coming back to the 10/50ema and then get our entry setup. Keeping an eye on this. 👁️
Short
by angelvalentinx
AUDCAD, A selling opportunity after a price retracement?I am looking to sell AUD weakness on the back of poor economic data against possible CAD strength. There may be a retracement back to a 0.618 Fibonacci level (on my chart) this afternoon on the Canadian interest rate announcement at 13:45 GMT. I intent to sell at 0.9125 SL at 0.9175 and TP at 0.9033. Long term Canada has a better economic outlook than Australia going forward with it riding on the back of the US economy doing better than China (China is a major trading partner of Australia). This is my view at the moment and could change after the BoC announcement or anything else for that matter. I see a similar selling opportunity with AUDJPY that I may post.
Short
by ratcatcher
1
AUDCAD - Bullish Surge InsightThe AUDCAD has regained bullish momentum following a break and retest of the neckline in its Head & Shoulders formation. This development suggests a potential buying opportunity may emerge upon a break above the previous swing high, with a stop loss strategically placed below the retest level. This setup aligns with the ongoing upward trend and offers a favorable risk-reward ratio for traders looking to capitalize on the renewed bullish sentiment.
Long
by AnalytixEdgeByQasim
AUDCAD - short (at least short-term)Please check my previous chart on AUDCAD to understand my main idea. I still remain cautious and believe that the bulls haven´t won the fight just yet. Short-term I believe we will go down for about a week until we will learn about the nature of the price action. Bearish case = We just finished a wave 2 and made the first 1-2 of a longer wave 3 down. Bullish case = We could have potentially several 1-2 setups on different wave degrees and we are currently in the 3rd 1-2 setup and price should continue into my green box. If the bullish scenario becomes reality we should see the price rising very strong after touching that box. So, short-term bearish for sure!!! Personally, I believe in much more downside but we have to follow the charts and listen to what price tells us.
Short
by Staggi10
P2P INDi Update: AUD/CAD 4-Hour AnalysisAUD/CAD is trending lower , moving from a pivot high of 0.9264 down to a pivot low of 0.8782. The 4-hour timeframe reveals a mixed outlook: Oscillators: Show a balance between neutral and bearish signals, with some indicators suggesting the pair is oversold. Moving Averages: Most short- to mid-term MAs are pointing to continued bearish momentum, but the 200-period MA offers long-term support near current levels. Market Insight: The Australian Dollar faces pressure, likely from weaker commodities, while the Canadian Dollar is supported by stable oil prices. Monitor for either a breakdown or a bounce from support around 0.9115. Stay vigilant and watch for confirmation before taking action.
Short
by ProfessorCEWard
AUDCAD Longmorning from this side guys, here is my take on this pair currently, i am looking to go long once the market gives me a confirmation because liquidity has been swept and that was very close to my area of interest. Now the funny thing about this chart is that, this same market condition has occurred on AUDUSD on the May 22nd, 2024 - June 10th, 2024 producing a fake double bottom; check yourself, honestly if you can take your time and sit with this forex of thing and then say to yourself I AM GONNA MAKE IT IN THERE, Bro even if the world turns against you, you will never back down, this is because I NEVER GO THROUGH ANY MENTORSHIP since i am a conventional broke dude, I DON'T HAVE THE BILL, that's what i mean, (though it took me a lot of time and stress to master). BUT, pls i am not telling anyone to take on my words because all my above epistles 😂😂 doesn't mean if the market gives me the conditions for entry, the position will surely be a winner
Long
by Pleazant_FX
AUDCAD - 4hrs ( Sell Trade Target Range 140 PIP ) Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 0.91150 Area Reasons - Major Turn level / D - Visible Range lvn - Fixed Poc Area - Trend / Pattern Breal - Day / week low - Fibo Golden Bullish Reversal 0.89700 Area
Short
by GentleGoldenEngine
1
AUDCAD Consolidation with Bearish PotentialSince August 20th, AUDCAD has shifted from a bullish trend into a ranging pattern. Currently, the pair is showing signs of a slight bearish bias. The key support level to watch is 0.91164; a break below this level could confirm the start of a bearish phase, with the next target around 0.9081. On the upside, the resistance at 0.91800 serves as the upper boundary of this range. A breakout above this resistance would signal a potential continuation of the prior bullish trend. Traders should monitor these levels closely for confirmation of the next directional move.
Short
by ClearTradingMind
1
AUDCAD Outlook💹 Forex: 📈 Bullish Outlook: AUDCAD has been breaking into new highs on our Weekly, Daily, and 4hr time frame. Context time frame (1W): Price has been surfing above the 10ema and is showing strength. Context time frame (1W): Price has brokedown into the 10ema and has showed a valid pullback. Validation time frame (1D): Price is showing strength and surfing above the 10/50/200 EMAs Validation time frame (1D): Price has brokedown into the 10ema and has showed a valid pullback. Entry time frame (4hr): Price has brokedown into the 10ema and has showed a valid pullback. Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength. Keeping an eye on this. 👁️]
Long
by angelvalentinx
Will AUDCAD print a bull flag or continue the FALL?FX:AUDCAD On the higher time frame price shows a strong uptrend on this pair. With the current condition, we may be in for another impulsive move. The question is will the trend continue or will the market pull back? Looking at structure in this area as long as the highs are not broken there is a good chance that we will see a slight pull back before the continuation of this uptrend. Depending on the strength of the momentum when price retests the highs, we could also see the formation of a Bull Flag. To be safe wait until price breaks above the highs with multiple candles closing for confirmation. Then we'll wait on the retest to enter a Buy.
Short
by TKProphet
Heading into 50% Fibonacci resistance?AUD/CAD is rising towards the pivot which is an overlap resistance and could drop to the 1st support level which is a pullback support. Pivot: 0.91513 1st Support: 0.91192 1st Resistance: 0.91513 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.
Short
by ICmarkets