AUD_CAD NEXT MOVE UP|LONG|
✅AUD_CAD will soon retest a key support level of 0.9022
So I think that the pair will make a rebound
And go up to retest the supply level above at 0.9120
LONG🚀
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AUDCAD trade ideas
audcad sellD1 there is a bearish structure, the price rejected a daily resistance
H4 EMA 21 and 50 above the price and the structure is bearish
H1 the fibonacci rejects level 38.2
M15 entry into bearish engulfing
AUDCAD - shortweekly candle looks good.
origin - need price to pull into VA then look for sellers to step in. ideally we'd like price to pull all the way back to POC and then dump.
AUDCAD , touch supply and then go upAUDCAD , the cross touched the supply and with high probability will go to catch the liquidity
LONG AUDCADD: Bullish :keylvl , key lvl trend line , FVG,OB,EMA 200,TREND LINE,FIBO 88.60
Waiting for a CHoCH in LWTF
I am trading the continuation in D the retracement in H4 and CHoCh in h1 with a return to ob with a key lvl if its possible
LONG AUDCAD
AUD-CAD Bullish Bias! Buy!
Hello,Traders!
AUD-CAD is about to retest
A horizontal demand level
Below at 0.9020 and after
The retest we will be expecting
A local bullish rebound
Buy!
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AUDCAD Potential DownsidesHey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.91100 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.911000 support and resistance area.
Trade safe, Joe.
AUDCAD - EASY 50-60 PIPS FOR GRABS WITHIN THE WEEK AHEADPotential short opportunity on the AUDCAD for 50/60poips next week. Price is seen drawing towards confluence 0.90325 area in a descending channel formation.
Suggest to narrow down to LTF to look for good SHORT entry setups to TARGET AREA. Price may also push further down depending on Current CAD index strength and any other fundamentals that supports the CAD & USD (correlated) or could just take a BOUNCE from there. Eager to see what happens around the confluence area and play along with PA. Buying Opps could play next.
SLIGHTLY BEARISH OUTLOOK.
AUD/CAD DAILY CHART MARKET OUTLOOK!Price is at the support level of 0.90509 its a crucial point where price may likely break to the downside if we see a further increase in bearish momentum. In recent days week, we saw how price picked a momentum sell from the price of 0.92595 and dropped to the current support. This was due to the recent Canadian dollar(Quotes) being strongly bullish over the base (AUD). If we’d get a break of that level. More bearish momentum is envisaged
AUDCAD Potential Drop after Rejection from ResistanceAUDCAD is currently experiencing a pullback toward the resistance zone and the upward trendline area. On the 4-hour timeframe, the market has been forming lower lows and lower closes, indicating a bearish trend. After a significant decline, the price is now approaching the 50% retracement level of that move. This area may act as resistance, potentially leading to a continuation of the downward movement. The target is the support zone around 0.9070
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
AUDCAD Short PositionThe AUD/CAD pair is exhibiting signs of bearish momentum, suggesting a potential decline in the near term. Technical indicators and price action analysis support this outlook.
Technical Indicators:
Relative Strength Index (RSI): Currently at 39.396, indicating bearish conditions.
Moving Averages: Both simple and exponential moving averages (5, 10, 20, 50, 100, and 200 periods) are signaling a 'Sell'.
Price Action:
The pair is trading near a resistance level around 0.9120, which has previously acted as a barrier to upward movement. The recent price action suggests a potential reversal from this resistance zone.
Considerations:
Economic Indicators: Monitor upcoming economic releases from Australia and Canada, such as employment data and GDP reports, as they can influence currency movements.
Commodity Prices: Both the Australian and Canadian dollars are influenced by commodity prices, particularly gold and oil. Fluctuations in these markets can impact the AUD/CAD pair.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading forex involves significant risk, and it's essential to conduct thorough research and consider your financial situation before making trading decisions.
AUDCAD Bearish Continuation
Looking at the chart of AUDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely
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AUDCAD_2H_Buyhello
Analysis of the Australian dollar versus the Canadian dollar currency pair The analysis style is based on Elliott waves. The time frame of this analysis is two hours and medium term. The market is in an upward correction in the form of wave ABC, which can now be wave C. Important support 0.90800 Resistance and target 0.91700
AUD/CAD Break of Structure ShortAUDCAD broke the structure and is now heading to the downside. Tight SL with high RR, lets see if we can push down.
audcad sell
- H4 bearish structure ema 21 and 50 above the lowest high
-H1 price is at a resistance and crosses the 21 to 50 ema
-M15 fibonacci rejects 61.8 entry in engulfin
AudCad Trade IdeaYesterday I published a short set up for AC stating I wanted to see price break below a strong level of support with retest before looking to short the pair. I said If all goes well we could definitely expect price to tap back into 90400 or at least around that level. Price has been ranging between 91200 and 90400 so going short after a break of structure was my priority with price failing to break to the upside MULTIPLE times. We'll see how price plays out. Might be my last trade for the week with a bunch of news flooding because of the holiday being around the corner.
#AUDCAD 4HAUDCAD 4-Hour Analysis
The AUDCAD pair is approaching the lower boundary of a well-defined channel on the 4-hour chart, which acts as a key support level. This support zone has historically triggered bullish reversals, but waiting for the price to touch the channel support ensures a more reliable entry point.
Technical Outlook:
- Pattern: Channel Support
- Forecast: Bullish (Wait for Support Touch, Then Buy)
- Entry Strategy: Buy near the channel support line after confirmation from price action.
Traders should look for bullish signals such as a reversal candlestick pattern (e.g., bullish engulfing) or indicators like RSI showing oversold conditions to validate the buy setup. Proper risk management is crucial, with stop-loss orders placed below the channel support to protect against potential breakdowns. Target the upper boundary of the channel as the next resistance level.
Bearish drop?AUD/CAD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.91125
Why we like it:
There is an overlap resistance level,
Stop loss: 0.91526
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 0.90536
Why we like it:
There is an overlap support level.
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AUDCAD Superswing to 0.9400AUDCAD has been trading within an upward channel since September 2023. Currently, the price is near the bottom of the channel, reacting to the 0.618 Fibonacci level (drawn from the low of August 5th, a pivotal day for this pair).
The plan is to wait for a confirmation of a structural shift on the 4H chart, followed by a retest, and enter a long position around 0.9120. Partial profits will be taken progressively, with the final target set at 0.94.
Stay tuned for updates on my trade: entry, take-profit levels, and exit strategy.
See details on my signature to get in touch with me.
Good luck!
