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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

AUDCAD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 0.9181 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 - 0.9147 Recommended Stop Loss - 0.9204 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Lingrid | AUDCAD long from the SUPPORT levelThe price perfectly fulfills my last idea. It fell from resistance zone and hit the target. FX:AUDCAD is updating its swing highs and higher lows, indicating a strong uptrend. The price broke and confirmed above the range, which formed a clear triangle pattern. Following the impulse move upwards, the price is now pulling back to retest the support level at 0.91600, which has proven significant multiple times in the past. Given this bounce-off support, it's likely that the market will continue moving upwards towards the next resistance level. Therefore, I expect a breakout and retest scenario to unfold. My target is the resistance at 0.92300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
AUD/CAD has a strong bullish momentum, could it rise further?Price is falling towards the support level which is an overlap support that aligns with the 38.2%% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.91509 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.91142 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 0.92096 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets
AUDCAD Sell signal emerging on a 3.5-year Resistance!The AUDCAD pair just hit on the week's opening the Lower Highs trend-line that was first initiated on February 22 2021. As the 1W RSI is just below its own 3.5-year Resistance Zone, the first strong long-term sell opportunity flashes. Check below how the last AUDCAD analysis (May 29, see chart below) provided an excellent buy opportunity: The more short-term pattern though since the September 25 2023 Double Bottom is a Channel Up and it is close to pricing its new Higher High. This is just above the 3.5 year Lower Highs trend-line, so we give the sell signal this much tolerance level for some deviation. Our Target on the medium-term is 0.9000 (Support Zone 1, similar symmetry to the previous Higher Low on Support Zone 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
AUD/CAD 1D // 08 July 2024 AnalysisWe can see a beautiful downtrend on AUD/CAD on the daily timeframe. The price has just approached the trendline and is in our marked area of support/resistance. A long term good sell opportunity can be seen if price respects and rejects from the trendline as well as the marked area. A good target would be the 0.90600 area. Another chart with the area zoomed in will be posted for reference. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Short
by thebrowntrader