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AUDCAD trade ideas

AUDCAD Discretionary Analysis: Next stop? Rock bottomIt’s more of a sixth sense (like when you just know your girlfriend's about to cancel plans). AUDCAD’s giving off that "Next stop? Rock bottom" kind of energy. I see it dropping hard, like it missed the elevator and took the shaft instead. If I’m right, I’ll be looking at some solid trades to take. If I’m wrong, well, I’ll just grab a coffee and wait for the next pair to make its move. Just my opinion, not financial advice.
Short
by davidavasalcai
37
AUD/CAD on the 1-hour timeframe AUD/CAD on the 1-hour timeframe, and here's a detailed analysis based on the current price action and key levels: 🔍 Market Structure & Price Action The overall trend prior to the recent move is bearish, as shown by the consistent series of lower highs and lower lows. Price dropped sharply, breaking through previous support levels, and has now tapped into a demand zone (support area) around 0.85500. After touching this demand zone, bullish rejection wicks appeared, indicating buying interest and potential exhaustion of selling momentum. 🧱 Key Levels Support Zone (Demand Area): Around 0.85400 - 0.85600 (shaded in pink at the bottom). This area has held, showing buyers stepping in. Resistance Zone (Supply Area): Around 0.88400 - 0.88600 (shaded in pink at the top), which is a previous support turned resistance. 🔁 Possible Scenario (As Indicated by the Chart) The red arrow shows a potential bullish reversal: Price might make a small pullback or retest of the demand zone. If it forms a higher low and confirms bullish intent, a move toward the 0.88400-0.88600 resistance zone is likely. 📈 Bullish Confirmation Needed To confirm a buy setup, look for: A break above recent minor resistance (near 0.86200 - 0.86400). Strong bullish candles or a bullish engulfing pattern. Potential confluence with indicators (e.g., RSI divergence, EMA crossover, etc.). 🚫 Bearish Risk If price breaks below the demand zone (0.85400), the bearish trend may continue, invalidating the reversal setup. In such a case, next support might be much lower, and short opportunities could arise. ✅ Summary Bias: Potential short-term bullish reversal within a broader bearish trend. Entry Consideration: After a higher low or bullish confirmation near 0.85600–0.86000. Target: Resistance zone at 0.88400–0.88600. Invalidation: Break below 0.85400.
Long
by aziezieam
#AUDCAD: Using 1-Day Time Frame For Intraday Entry! We have been closely monitoring the AUDCAD currency pair for an extended period and believe that selling AUDCAD at the current market conditions presents a more favourable opportunity with a sufficient number of sellers. However, we must acknowledge that we need to wait for the price to approach our entry zone, which will allow us to execute a sell entry with strict risk management. This analysis has identified a single target. We extend our best wishes for your success and encourage you to provide support by liking and commenting on the idea. Team Setupsfx_
Short
by Setupsfx_
12
Bearish reversalAUD/CAD is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which line sup with the 127.2% Fibonacci extension. Pivot: 0.89738 1st Support: 0.89054 1st Resistance: 0.90296 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
AUDCAD SHORT Q2 W14 Y25 WED 2ND APRIL 2025AUDCAD SHORT Q2 W14 Y25 WED 2ND APRIL 2025 All the ingredients for a high probability short position. Weekly & daily 50 Exponential moving averages coming to join the short party. Higher time frame, namely the weekly time frame currently range with EMA beautifully in the middle of price action. That leaves from a deeper look into the lower time frames to see where the higher time frame EMA's line up. I'll keep it snappy, what I require is price NOT to touch the Tokyo lows. This is added into the bag of FRGNT confluences. Price needs to trickle into the 15' just above the current Tokyo session. I need lower time frame breaks of structure to form post London open. A lower time frame order block to be created to short from. 5' Break of structure is what is I'd like to see. Short and snappy short synopsis. I hope the photo paints the narrative better than I can explain it. FRGNT X
Short
by JCFRGNT
AUDCAD Technical AnalysisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
2