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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

AUDCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
AUDCAD: Curve Analysis (12H)SUMMARY In general, although there could be temporary buying interest due to specific moving averages and the VWMA, the prevalence of sell signals from longer-term averages indicates a significant bearish sentiment for the AUDCAD pair. FUNDAMENTALLY There could be a possibility of downward pressure on the AUDCAD pair as the CAD weakens and the AUD potentially weakens due to the overall strength of the USD. The Canadian economy could face some challenges due to the drop in oil prices, given its significant role as an oil exporter. This could potentially lead to a further weakening of the CAD. There is a possibility of a decline in the AUDCAD exchange rate in the coming days. TECHNICALLY The technical indicators for AUDCAD are providing conflicting signals, with certain indicators suggesting a bearish signal while others are pointing towards a bullish signal. Most indicators are currently neutral, indicating a slight bearish bias for AUDCAD . The moving averages for AUDCAD are indicating bearish signals, as the short-term moving averages (10, 20, 30) are showing a mix of buy and sell signals. On the other hand, the longer-term averages indicate a sell, which implies that there may be temporary buying pressure. The mid-term moving averages (50, 100) are suggesting a sell, which points to a more pronounced downward trend in the AUDCAD price. Long-term moving averages (200) also indicate a sell, which supports the idea of a continued downtrend. Additional factors to take into account are the current status of the Ichimoku Base Line, which is currently in a neutral state and does not offer a clear indication of market direction, and the Volume Weighted Moving Average (VWMA), which indicates a buying opportunity, implying some underlying buying pressure.
Short
by ProfessorCEWard
Bearish reversal?AUD/CAD is rising towards the resistance level, a pullback resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.90924 Why we like it: A pullback resistance level lines up with the 38.2% Fibonacci retracement. Stop loss: 0.91278 Why we like it: There is a pullback resistance level. Take profit: 0.90298 Why we like it: There is a pullback support level. 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
1
AUDCAD: Between Two ScenariosAUDCAD: Between Two Scenarios Technical Analysis: Price is developing a triangle pattern showing for a possible bullish wave. However, it's difficult to anticipate the next move if the price doesn't show the next direction. Considering that we are in a strong bearish trend a move below the pattern can push AUDCAD down easily. A move above the pattern can push it up for a bigger bullish correction or the beginning of a bullish trend again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
1
AUDCAD - 4hrs ( Sell Trade Target range 200 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 ——————————— ✔️Bearish Break 0.92100 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Break - Visible range Hvn - Fixed Range Lvn - D / Week High ✔️Bullish Reversal 0.89000 Area Reasons - Major Turn level / Month - Major Triangle Pattern - Choch / Bullish - inner Counter - Fibo Golden Zone - Month High - Day High + week Break
Short
by GentleGoldenEngine