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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
Short
by ClearTradingMind
AUDCAD My Opinion! BUY! My dear friends, AUDCAD looks like it will make a good move, and here are the details: The market is trading on 0.9109 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.9160 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Technical Analysis of AUD/CAD: A Bullish OutlookAnalyzing the AUD/CAD currency pair, several technical indicators suggest a potential bullish trend: - Fibonacci Retracement Levels: The pair has approached key Fibonacci retracement levels, which often serve as support zones where buying interest may emerge. - Channel Pattern: AUD/CAD is nearing the lower boundary of a descending channel pattern. This area can act as support, potentially leading to a reversal or a bounce back within the channel. - Psychological Support Levels: The pair is approaching significant psychological price points, which can influence trader behavior and act as support levels, encouraging buying activity.
Long
by tsogerdene
1
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9093 2nd Support – 0.9058 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
12
**AUD/CAD Short Setup: Targeting 0.91310**🔻 **AUD/CAD Short Setup: Targeting 0.91310** 📉 We’re setting up a short position for AUD/CAD, aiming to move from **0.92019** down to **0.91310**. This setup is based on key resistance levels, with a stop loss placed at **0.92207** for risk management. 🔍 **Trade Details:** - **Entry:** 0.92019 - **Target:** 0.91310 - **Stop Loss:** 0.92207 💡 **Our Insight:** A break below current support could see AUD/CAD making a move down to our target. We’re watching for confirmation on the next 4H candle close. 👉 Are you taking a similar position? Share your insights below! #AUDCAD #ForexTrading #ShortPosition #TradeSetup #Pipnest
Short
by pipnest
2
Trade 4: AUD/CAD - 2.7 RR Ratio Longer Time Frame: 1D 1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend 2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib Shorter Time Frame: 30min,15min,5min 1. At point "1" we can see that price took resistance, however the 30min and 15min, the shorter HMA was still above the medium HMA 2. We waited until the medium HMA crosses over shorter HMA in 15min timeframe 3. Price retraced back to resistance at point "2" and now medium HMA is above shorter HMA Bias: Short Since there was an bullish engulfing candle in longer time frame, we are expecting a pullback to retest the bullish trend. Even in the shorter time frame, we see a small head and shoulder along with double top being formed. Entry: 1. The next cross under of shorter EMA with medium EMA when the medium HMA crossed over shorter HMA 2. Waited in 15min timeframe to observe the EMA cross under 3. Dint wait for FVG, entered at the open of next candle of break out Target: 1. 0.236 level of Fib 2. If 0.236 is broken, can be pushed to 0.382 level SL: Above the EMA cross under in 5min time frame
Short
by MyWayofLookingThings
2
Bearish drop?AUD/CAD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 0.919899 1st Support: 0.91503 1st Resistance: 0.92627 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
AUDCAD - 4hrs ( Buy 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 ( Long ) ——————————— Bullish Break 0.92000 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Break - Choch Zone - Month High Area Bearish Reversal 0.93600 Area Reasons - Major Turn level - Visible range Lvn - Choch - inner Top - Quarter's High Area
Long
by GentleGoldenEngine