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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

Potential bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.9063 Why we like it: There is a pullback resistance level. Stop loss: 0.9098 Why we like it: There is a resistance level at the 100% Fibonacci projection. Take profit: 0.9006 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUD/CAD "Aussie vs Canadian" Forex Market Bullish Heist PlanBased on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/CAD "Aussie vs Canadian" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Buy above (0.90600) then make your move - Bullish profits await!" however I advise to placing the Buy Stop Orders above the breakout MA (or) placing the Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 0.89900 (swing Trade Basis) Using the 4H period, the recent / Swing Low or High level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.92500 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: ╰┈➤AUD/CAD "Aussie vs Canadian" Forex Market is currently experiencing a bullish trend,., driven by several key factors. ╰┈➤Fundamental Analysis Economic Indicators: Australia's GDP growth rate is expected to slow down to 2.2% in 2025, while Canada's GDP growth rate is expected to remain steady at 1.8% Monetary Policy: The Reserve Bank of Australia (RBA) is expected to maintain its interest rates at 0.10% in 2025, while the Bank of Canada (BoC) is expected to raise interest rates to 1.50% Trade Balance: Australia's trade balance is expected to remain in surplus, while Canada's trade balance is expected to remain in deficit Inflation Rate: Australia's inflation rate is expected to rise to 2.5% in 2025, while Canada's inflation rate is expected to remain steady at 2.0% ╰┈➤Macro Economics Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for commodities, including those exported by Australia and Canada Commodity Prices: Commodity prices are expected to rise by 5% in 2025, driven by increasing demand for raw materials Interest Rates: Central banks are expected to maintain low interest rates in 2025, potentially increasing demand for commodities Currency Flows: Currency flows are expected to remain stable, with no significant changes in currency exchange rates ╰┈➤COT Data Non-Commercial Traders (Institutional): Net Long Positions: 40% Open Interest: 80,000 contracts Commercial Traders (Companies): Net Short Positions: 30% Open Interest: 40,000 contracts Non-Reportable Traders (Small Traders): Net Long Positions: 30% Open Interest: 20,000 contracts COT Ratio: 1.1 (indicating a neutral trend) ╰┈➤Sentimental Outlook Institutional Sentiment: 50% bullish, 50% bearish Retail Sentiment: 55% bullish, 45% bearish Market Mood: The overall market mood is neutral, with a sentiment score of +5 ╰┈➤Technical Analysis Trend: The AUD/CAD pair is experiencing a neutral trend, with the market respecting the 20-period Weighted Moving Average (WMA) as dynamic support. ╰┈➤Market Data Analysis Order Book Analysis: The AUD/CAD pair's order book is showing a neutral sentiment, with an equal number of buy and sell orders. Liquidity Analysis: The AUD/CAD pair's liquidity is expected to remain stable, with no significant changes in market participation. Volatility Analysis: The AUD/CAD pair's volatility is expected to remain stable, with no significant changes in market sentiment. ╰┈➤Positioning Long Positions: 50% of total positions Short Positions: 50% of total positions Neutral Positions: 0% of total positions Leverage: 1:1 (average) ╰┈➤Next Move Prediction Bullish Move: Potential upside to 0.92000-0.93000. Target: 0.93000 (primary target), 0.94000 (secondary target) Next Swing Target: 0.95000 (potential swing high) Stop Loss: 0.87000 (below the 30-day low) Risk-Reward Ratio: 1:2 (potential profit of 500 pips vs potential loss of 250 pips) ╰┈➤Overall Outlook The overall outlook for AUD/CAD is neutral, driven by a combination of fundamental, technical, and sentimental factors. The expected stability in commodity prices, neutral interest rate environment, and balanced market sentiment are all supporting the neutral trend. However, investors should remain cautious of potential upside risks, including changes in global economic trends and unexpected regulatory developments. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
1
AUDCAD Will Move Higher! Buy! Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.904. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.913 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDCAD 2HAUDCAD 2H Fundamentals: •The RBA has made its first rate cut, initiating its rate-cutting process. However, this is more of a symbolic cut rather than a genuine attempt to stimulate the economy. It was essentially a “hawkish cut” from the RBA. •We could see a shift in risk sentiment, with the S&P500 currently in an uptrend but recently rejecting a daily resistance. In my opinion, this rejection is just a minor correction. •Oil is also in a downtrend, which should negatively impact the Canadian dollar. •Furthermore, market expectations for interest rates suggest a hold for both central banks, but with an 80% probability for the RBA compared to 60% for the BoC. •Additionally, since the US dollar is undergoing a short to medium-term correction, this could also weigh on the Canadian dollar due to the positive correlation between the two currencies. Technical Analysis: •On the daily timeframe, we can see a descending triangle that has just broken to the upside. •On the 8H timeframe, there is a clear double bottom on the Bullish TrendLine, which acted as strong support. Price is also returning to the trendline, but more importantly, to Fibonacci levels aligning with a major resistance-turned-support. •Retail traders are predominantly short (91%), confirming a potential buying opportunity. •I am placing a buy limit at the 50% Fibonacci level at 0.90060. •Wide stop-loss as we might see portfolio rebalancing from major institutions due to the end of the month, which could bring volatility. •Take profit at 0.92700. •Risk-to-reward ratio: 3.3. •Half-risk position due to Australian CPI on Wednesday and Canadian GDP data on Friday.
Short
by Marco-kh
AUD/CAD’s Breakout Watch: Targeting 0.91431 & 0.91822 AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at 0.91431 (1.618 Fib extension), and potentially Expect Level 2 at 0.91822 (2.0 Fib extension). Should price fail to hold the breakout, however, the broader downtrend and consolidation could resume.
Long
by ClearTradingMind
AUD/CAD - Technical Analysis & Market Sentiment📉 Bearish Bias ✅ Broken Trendline & Support - Downtrend confirmed with multiple support breaks. (+2) ✅ Fair Value Gap (FVG) Resistance at 0.89998 - Price may struggle to break through. (+2) ✅ Potential Lower High (LH) Formation - If price rejects FVG, further downside likely. (+1) ✅ Possible 4HR Trendline Breakdown - Could accelerate selling momentum. (+1) 🔻 Total Bearish Score: 6 📰 Sources: Trendline Break & Bearish Market Outlook - XTB FVG & Resistance Levels - IFC Markets 📈 Bullish Bias ✅ 4HR Trendline Support Holding - If respected, a reversal could form. (+2) ✅ Fib Retracement Zone (0.382 - 0.618) at 0.90028 - 0.90345 - Price may recover to these levels. (+2) ✅ Trade Set-Up 2 Suggests a Higher Low Formation - Could indicate early bullish momentum. (+1) 🔹 Total Bullish Score: 5 📰 Sources: Fibonacci & Trendline Strength - RoboForex Bullish Market Reversal Possibilities - Bloomberg 📊 Sentiment & Market Factors 📉 Weak AUD Due to RBA Policy Uncertainty (- Bearish) - RBA rate outlook remains dovish. Source 📈 CAD Supported by Rising Oil Prices (+ Bullish) - Strengthening CAD fundamentals. Source 📉 Bearish Momentum & Market Structure (- Bearish) - Lower highs still dominant. Source 📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
by FaithdrivenTrades
AUD/CAD - Technical Analysis & Market Sentiment📉 Bearish Bias ✅ Break of 1HR Trendline - Price has broken key trendline support, confirming a bearish move. (+2) ✅ Break of 1HR & 4HR Support - Key levels have failed, indicating sellers in control. (+2) ✅ FVG (Fair Value Gap) Resistance - Price may retest FVG before further decline. (+1) ✅ Lower Highs Forming - Market structure suggests continuation to the downside. (+1) 🔻 Total Bearish Score: 6 📰 Sources: Trendline & Price Action - XTB Market Structure & Momentum - IFC Markets 📈 Bullish Bias ✅ 4HR Support Zone Holding - Price is testing a key demand area (0.89324 - 0.89374). (+2) ✅ Possible Buy Setup on Momentum Shift - If price shows bullish rejection, a reversal is possible. (+1) ✅ Weekly Trendline Support Nearby - Long-term trendline acting as support. (+1) 🔹 Total Bullish Score: 4 📰 Sources: Support & Reversal Patterns - RoboForex 📊 Sentiment & Market Factors 📉 Weak AUD Due to RBA Dovish Stance (- Bearish) - RBA hints at potential rate cuts. Source 📈 CAD Supported by Oil Prices (+ Bullish) - Rising oil prices strengthening CAD. Source 📉 Risk-Off Sentiment Weakening AUD (- Bearish) - Global economic concerns reducing demand for risk assets. Source 📌 Final Bias: Strong Bearish (Score: 6 vs 4)
Short
by FaithdrivenTrades
AUDCAD Short Trade Analysis – Sell at 0.9068🔹 Entry: 0.9068 🔹 Trend: Bearish 🔹 Potential Pullback Levels: 0.9090 - 0.9100 🔹 Target: 0.9020 - 0.9000 🔹 SL: Above 0.9110 AUDCAD remains in a selling zone, and we are maintaining a short position from 0.9068. While short-term price action may push the pair toward 0.9090 - 0.9100, the overall trend favors sellers. 🔍 Technical Analysis: ✅ Moving Averages: Price is trading near key resistance levels with potential rejections. ✅ Structure: Lower highs and lower lows indicate bearish momentum. ✅ Key Resistance: 0.9090 - 0.9100 ✅ Key Support: 0.9020 - 0.9000 As long as AUDCAD remains below 0.9110, the bearish outlook remains valid. A break below 0.9050 could accelerate the downside move. 📉 Sell on rallies, stay patient, and follow the trend! #AUDCAD #Forex #TechnicalAnalysis #PriceAction #SellSignal
Short
by justforfreelauncing
AUDCAD Sell Setup at 0.9045I'm looking to sell AUDCAD at 0.9045, targeting a move lower based on key technical confluences. 🔹 Key Reasons for Entry: Resistance Zone: The price is testing a key resistance level around 0.9045, which has previously acted as a rejection point. Moving Averages: Price is near the , aligning with strong resistance. Trend Structure: AUDCAD is in a bearish structure on the timeframe, forming lower highs. Fibonacci Confluence: 0.9045 aligns with the retracement level from the last swing. 📉 Trade Plan: Sell Limit: 0.9045 Stop Loss: Take Profit: Risk-Reward Ratio: If the price confirms rejection at this level, I expect further downside towards the . Let me know your thoughts! 📊🔥 Feel free to adjust SL/TP levels based on your strategy. Would you like me to add any additional details?
Short
by justforfreelauncing
AUDCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear