AUDCADAUDCAD 4-hour time frame analysis
The price is expected to reach the swap zone and react downwards from there to the drawn areas.
AUDCAD trade ideas
AUDCAD Bullish Stocks And Potential UpsidesHey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.91100 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91100 support and resistance area.
We would also like to consider the positive correlation between stocks and AUDCAD, due to the bullish bias on indices AUDCAD has a decent tendency to rise.
Trade safe, Joe.
AUDCAD Both Scenarios Are Possible - Complex DevelopmentsAUDCAD Both Scenarios Are Possible - Complex Developments
AUDCAD reached the top of the pattern near 0.9200 on 20-Aug-2024
In only two days AUDCAD lost almost 80 pips.
It looks like the AUD is losing its bullish momentum and we may be on the verge of a temporary downtrend.
Bearish Scenario:
AUDCAD could drop to 0.9115 and 0.0.9085 over the next few days or today if all goes well during Powell's speech. For this move the price has to develop inside the pattern.
Bullish Scenario:
Considering that the day will be very speculative today a move above the pattern can push the price further to the bullish targets.
so overall is more complex than it seems.
You may find more details in the chart!
Thank you and Good Luck!
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AudCad - Counter trade setupon hourly trend price has changed the trend and following lower low and lower high
after a recent bos price is likely to make pullback and this idea is about trading that pullback
and going counter trend
we can see price at 0.91500 can get rejection as it has a bearish order block
or the price and go little further at 0.91650 rejection another bearish order block
this trade can get activated it price is able to breakout above 0.91320 with some bullish candle patterns
the recent low can be the SL
AUDCAD Pair : AUDCAD ( Australian Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame
Demand Zone
AUDCAD - Bullish ReversalThe pair has made a bullish RSI divergence. We are selling it on the break of higher low retracement. The trade plan is set, let's hope for the profit!
AUDCAD IDEAAudcad is trading in a consolidation zone. Wait for a breakout confirmation before entering. Goodluck
#AUD/CADHello everyone,
In my opinion, The AUD/CAD can dive to ahead targets in 1H time frame.
Note: This is not an investment suggestion.
CadaudAs we see the market is on a down trend and we have to follow de trend, so we also have a head and sholder pattern so we wait for price to retrace den we sell more
idea on a charthe Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month.
The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at 1.3606.
Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased.
"Today's CPI print should be enough to quell concerns about sticky inflation pressures in Canada after two marginal upside surprises in May and June," Claire Fan, an economist at Royal Bank of Canada, said in a note.
"The hurdle for more BoC cuts this year is low and we continue to look for another 25 basis point cut at their next meeting in September."
AUDCAD in downtrendAUDCAD is declining on hourly time frame also there is clear divergence on one hour chart short sell is good option at current levels .
AUDCAD Short PositionSeasonality Analysis: Historical data suggests a bearish seasonality for AUDCAD during this period, indicating a higher likelihood of downward movement in the pair.
RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence. This occurs when the price is making higher highs, but the RSI is making lower highs, signaling that the upward momentum is weakening and a potential reversal is likely.
AUD/CAD Confirmed for Bearish as correction wavego short now
or
keep your trade online if you short brefore
- price make lower high at green arrow
- price make lower low at red arrow
- price break current support area at H1 Time frame and retested it
this confirm that correction wave will be valid until reach to profit levels
have fun :)
AUDCAD is BearishBearish divergence seems to be playing out on four hourly time frame, as previous higher low is successfully broken. Now according to Dow theory, price will define a lower high before rallying downwards. Targets are mentioned on the chart.
