Get started

AUSTRALIAN DOLLAR / CAX

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

AUDCAX trade ideas

AUDCAD: Leveraging Probabilities for Strategic Long PositionsKey Fundamentals Supporting Bullish Bias: - Recent strength in commodity prices, particularly iron ore, benefiting Australia's export-driven economy - Expectations of a less hawkish stance from the Reserve Bank of Australia, potentially supporting economic growth - Relative weakness in the Canadian dollar due to concerns over the housing market and oil price volatility By utilizing probabilities in chart analysis, I can identify optimal entry points for AUDCAD longs while managing risk effectively. This approach allows for a more systematic trading strategy, aligning with the current bullish bias in the AUDCAD pair. 12M: 2W: HOURLY TF:
Long
by Jasminex1x2
AUDCAD Will Move Higher! Long! Here is our detailed technical review for AUDCAD. Time Frame: 15m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.929. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.931 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 - Technical Analysis [Short Setup]🔹 AUDCAD Analysis on 1H chart - The current Trend is BULLISH - There is BEARISH divergences - Reversal pattern is present which is rising wedge 🔹 Trade Plan - Entry Level = 0.93494 - Stop Loss = 0.93746 - TP1 = 0.93264 - TP2 = 0.93008 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
AUDCAD - 4hrs ( Sell Trade Target Range 150 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 ——————————— ✅Short Opportunity (Bearish Retest) Key Level: 0.92050 This is the area where you're looking for a potential short entry based on several factors: Reasons for Entry: ✅ Major Turn Level: A significant area where price has historically reversed. ✅ Visible Range LVN: A Low Volume Node on a volume profile, suggesting a weak price area that can be easily passed through if tested. ✅ Channel Break: Price breaking a channel structure, indicating potential for further downside. ✅ Day/Week Low: Price is near or at the low of a daily or weekly timeframe, adding significance to the level. ✅ Fixed POC Break: The Point of Control (POC) from a fixed range has been broken, signaling possible trend continuation. ✅ Fibonacci Golden Zone: The price is in a key Fibonacci retracement zone (61.8%-65%), which often serves as a reversal area. ✅Target Area (Bullish Reversal) Key Level: 0.91000 This is where you’re watching for a potential bullish reversal. Purpose of this Analysis The goal here is not just to trade for profit but to spread knowledge and understanding about strategic entry and exit points. You’re focused on ensuring that decisions are backed by multiple reasons (more than 5 in this case), ensuring well-rounded and confident entries or exits.
Short
by GentleGoldenEngine