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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

AUD/CAD - Long This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis. Please note the is a counter trend idea targeting the daily swing structure. Higher Time Frame Weekly - Structure on the weekly chart is bearish. Daily - Structure on the daily chart is bearish. Medium Timeframe 4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame. Lowe Timeframe 1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher. Hopefully the chart provides a better explanation. Any feedback is appreciated.
Long
by warsam
AUDCAD Intraday trade 15/01/2025On the daily timeframe, #AUDCAD remains in a clear bearish trend, but as discussed earlier, the pair is currently in a pullback phase, forming a potential lower high. At present, price is hovering around the 0.88966 level, which serves as a key area of interest for sellers. Traders should be watching closely for signs of rejection or bearish confirmation at this level, which could present a solid selling opportunity in line with the prevailing trend. Alternatively, if the pullback extends further, the next significant level to monitor is around 0.89667, where deeper retracement could offer another opportunity to enter short positions. It's important to remain patient and allow price action to dictate the next move within this ongoing bearish structure. Happy Trading
Long
by Thetraderscollective
Idea on a chart The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% lower at C$1.4403 to the greenback, or 69.43 U.S. cents, after trading in a range of 1.4392 to 1.4437. Canadian government 10-year bond yields rose 8 basis points to 3.429%. The yield on similar U.S. government benchmark debt rose to 4.7674%. U.S. February crude futures rose $2.99 to $76.91 a barrel on Friday. The value of building permits in Canada fell -5.9% in November, Statistics Canada said.
by EZIO-FX
Great set on AUD CADhe Canadian dollar edged lower against its U.S. counterpart for a third-straight day on Thursday as investors questioned the wisdom of suspending Canada's parliament at a critical time for the economy, and awaited domestic jobs data. The loonie was trading 0.1% lower at 1.4390 per U.S. dollar, or 69.49 U.S. cents, after moving in a range of 1.4366 to 1.4404. Canadian Prime Minister Justin Trudeau said on Monday he would step down in the coming months and that parliament would be prorogued until March 24.
by EZIO-FX
1
A Bullish Outlook for AUDCAD: A Strategic Buying Opportunity Today, I’d like to share my bullish forecast for the AUDCAD currency pair. Based on the latest analysis from our EASY Trading AI strategy, I recommend entering a buy position at an entry price of 0.89147. Several factors contribute to this positive outlook. Firstly, we’re observing strong support levels around the 0.88893 mark, which corresponds to our stop loss. This indicates a solid base where the price is likely to rebalance before potentially moving higher. Moreover, the technical indicators suggest increasing upward momentum, which is reinforced by recent positive economic data from Australia. This has enhanced market confidence in the Australian dollar relative to the Canadian dollar. I set a take profit level at 0.89385, providing a clear target to capture potential upside movement. By targeting this level, traders can benefit from a favorable risk-reward ratio, especially considering the current market conditions. As always, it's crucial to use proper risk management. Monitor market developments closely, as any shifts in economic indicators could influence price movement. For those seeking automated trading solutions, consider utilizing our trading robots that operate under the same EASY Trading AI framework, designed for optimal performance and ease of use. Let's seize this opportunity responsibly and make informed trading decisions!
Long
by ForexRobotEasy
AUDCAD Massive Long! BUY! My dear followers, This is my opinion on the AUDCAD next move: The asset is approaching an important pivot point 0.8915 Bias - Bearish Safe Stop Loss - 0.8899 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8943 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
AUD/CAD "Aussie vs Canadian" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based 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. 👀 Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing 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 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 0.90400 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 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Based on the fundamental analysis, I would conclude that the AUD/CAD (Australian Dollar/Canadian Dollar) pair is: Bullish Reasons: Interest rate differential: The Reserve Bank of Australia's (RBA) interest rate (2.85%) is higher than the Bank of Canada's (BoC) interest rate (2.50%), making the AUD more attractive to investors. Commodity prices: Australia is a major exporter of commodities such as iron ore, coal, and gold, which are in high demand due to the ongoing global economic growth. This is expected to support the AUD. Economic growth: Australia's economy is expected to grow at a faster pace than Canada's, driven by the strong labor market and increasing business investment. Trade balance: Australia's trade balance is expected to remain in surplus, driven by the strong demand for its commodities, which is expected to support the AUD. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth could reduce demand for commodities and negatively impact the AUD. Canadian economic growth: Canada's economy is expected to grow at a slower pace than Australia's, but it is still expected to be driven by the strong labor market and increasing business investment. Oil prices: Canada is a major oil exporter, and a decline in oil prices could negatively impact the CAD. Bullish Scenario: Interest rate differential and commodity prices support the AUD Economic growth and trade balance support the AUD 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. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 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
Fundamentals Jan 1/8/25Reviewing Fundamentals: A Key to Mastery Reviewing the fundamentals is crucial for growth, whether you’re learning a new skill or refining an existing one. Mastering the basics gives you a solid foundation to build upon and helps avoid common mistakes. Regularly revisiting core concepts ensures you stay sharp and can adapt to more complex challenges with confidence. No matter how advanced you become, returning to the fundamentals helps clarify any gaps in your knowledge and strengthens your overall understanding. By committing to periodic review, you’ll stay on track, improve performance, and achieve long-term success.
by milesjohnson778