Heading into 50% Fibonacci resistance?AUD/CAD is rising towards the pivot which is an overlap resistance and could drop to the 1st support level which is a pullback support.
Pivot: 0.91513
1st Support: 0.91192
1st Resistance: 0.91513
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AUDCAX trade ideas
AUDCAD My Opinion! SELL!
My dear subscribers,
This is my opinion on the AUDCAD next move:
The instrument tests an important psychological level 0.9170
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9142
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Lingrid | AUDCAD ranging MARKET. Potential SHORTFX:AUDCAD has been consolidating following a significant move, with price action fluctuating between established support and resistance levels. This consolidation phase has formed a slight descending channel. As the market approaches the highs from the previous week, we may witness a rebound from the channel's upper boundary and the upward trendline, suggesting a potential continuation of the current sideways trend. My target is support level at 0.91330
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD TRADE VIEWOn this Pair AUDCAD,we are expecting some Bearish Move,cause we are expecting the AUD to have a pullback,and the CAD is still showing an UPWARD MOVEMENT,also price has hit a Strong Area of SUPPLY, we also have a CHOCH on the 30mins down to the 15mins, with our Entry Confirmation added. Yo can add to your watch-list if this matches with your trading idea, we will go breakeven, once price hit the middle Black Line, also we have a Strong CANADIAN GDP NEWS coming soon.
AUDCAD Will Fall! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.915.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.914 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.
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AUD/CAD: Awaiting Breakout from Descending Trend Line➡ Awaiting breakout from the descending trend line
➡ Key resistance levels: 0.9185 and 0.9197
➡ Strong support at 0.9120
AUD/CAD is testing the descending trend line, with a potential breakout on the horizon. Traders should watch these levels for a clear directional move.
AUDCAD follow through of 2 weeks of solid bullish move … 26 AugWeekly chart – a rejection of price below 0.9010 and then 2 strongly bullish weeks.
Daily chart – bullish trend, pullback completed last week, now moving up again. Note the size of the last daily candle as compared to the bearish candles.
H4 chart – this is my entry time frame. It would be nice to see a small pullback, perhaps to the minor support at 0.91590 or even better to the 20ema.
Evidence of bullish PA would justify taking a long trade. However, if a move to the downside forms, that would negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Idea on na chart We have a great chart where price could possible go. great zones especially the Price of interests. The Canadian dollar strengthened to a five-month high against its U.S. counterpart on Monday as oil prices rose and major railroad operators focused on restoring service, after a work stoppage that threatened to disrupt the economy ended.
The loonie was trading 0.3% higher at 1.3470 to the U.S. dollar, or 74.24 U.S. cents, after touching its strongest intraday level since March 21 at 1.3464.
"The Canadian dollar continues to perform well in the aftermath of USD-CAD breaking and closing below strong support at 1.3590 on Friday," said George Davis, chief technical strategist at RBC Capital Markets.
The currency was up 0.8% on Friday, its biggest advance this year, as Federal Reserve Chair Jerome Powell signaled the start of interest rate cuts in the U.S.
The oil rally has added to support for the currency, Davis said.
U.S. crude oil futures were up 3.2% at $77.25 a barrel as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts in Libya. Oil is one of Canada's major exports.
AUD/CAD Bank Money Heist Plan on Bullish SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist AUD/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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AUDCAD - BULLISH TREND everyone
here i just share basic technical of AUDCAD
so clear that the price confirm make a higher high.
rightnow just waiting for the retest area
and i think it very interesting to do LONG
haha
what do you think?
disclaimer
this is not a signal
i just share what i see
be smart
do your own analysis!
AUDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91500 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.91500 support and resistance zone.
Trade safe, Joe.
AUDCAD LONG
Market structure bullish on HTFs DH
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Daily bullish engulfing indicating buyers are in the market
Around Psychological Level 0.91500
H4 EMA Retest
H4 Candlestick rejection
Rejection from Previous H4 Structure
Levels 5.33
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
AUDCAD Weekly Analysis and OutlookAUDCAD Weekly Analysis and Outlook
This week, the AUDCAD pair is expected to break through the resistance level above, signaling the potential for continued upward movement. The current market setup suggests growing bullish momentum, making the pair well-positioned for further gains.
Current Market Overview:
The AUDCAD pair has been steadily approaching a key resistance level, with recent price action indicating strong buying interest. As the pair nears this critical barrier, the market appears primed for a breakout. The bullish sentiment is supported by favorable conditions, which could propel the pair higher once the resistance is cleared.
Expectations and Potential Scenarios:
Given the strength of the current upward trend, we anticipate that the AUDCAD will successfully break above the resistance level in the near term. This breakout would confirm the continuation of the bullish trend, providing traders with opportunities to capitalize on further gains.
Primary Expectation:
If the resistance level is broken, the AUDCAD is likely to continue its upward trajectory, targeting higher resistance zones. This scenario would reinforce the bullish outlook, creating a favorable environment for long positions and potentially leading to significant price appreciation.
Alternative Scenario:
However, if the pair struggles to break through the resistance and encounters selling pressure, a temporary consolidation or minor pullback could occur. Traders should be prepared for this scenario, as it may present opportunities to enter the market at more favorable levels before the uptrend resumes.
Conclusion:
In summary, the AUDCAD pair is poised for a breakout above the current resistance level, with the potential to continue its upward movement. Traders should closely monitor the price action at this key level, as a successful break could serve as a catalyst for further gains. Staying alert to both the primary breakout scenario and any potential pullbacks will be essential for optimizing trading strategies in the coming sessions.
By Piptera Digital Solutions,
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