AUDCAD Will Move Higher! Buy!
Please, check our technical outlook for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.904.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.913 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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AUDCAX trade ideas
AUD/CAD "Aussie vs Canadian" Forex Market Bullish Heist PlanBased 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. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Buy above (0.90600) then make your move - Bullish profits await!"
however I advise to placing the Buy Stop Orders above the breakout MA (or) placing the 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 🛑: Thief SL placed at 0.89900 (swing Trade Basis) Using the 4H period, the recent / Swing Low or High level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 0.92500 (or) Escape Before the Target
🧲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 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
╰┈➤AUD/CAD "Aussie vs Canadian" Forex Market is currently experiencing a bullish trend,., driven by several key factors.
╰┈➤Fundamental Analysis
Economic Indicators: Australia's GDP growth rate is expected to slow down to 2.2% in 2025, while Canada's GDP growth rate is expected to remain steady at 1.8%
Monetary Policy: The Reserve Bank of Australia (RBA) is expected to maintain its interest rates at 0.10% in 2025, while the Bank of Canada (BoC) is expected to raise interest rates to 1.50%
Trade Balance: Australia's trade balance is expected to remain in surplus, while Canada's trade balance is expected to remain in deficit
Inflation Rate: Australia's inflation rate is expected to rise to 2.5% in 2025, while Canada's inflation rate is expected to remain steady at 2.0%
╰┈➤Macro Economics
Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for commodities, including those exported by Australia and Canada
Commodity Prices: Commodity prices are expected to rise by 5% in 2025, driven by increasing demand for raw materials
Interest Rates: Central banks are expected to maintain low interest rates in 2025, potentially increasing demand for commodities
Currency Flows: Currency flows are expected to remain stable, with no significant changes in currency exchange rates
╰┈➤COT Data
Non-Commercial Traders (Institutional):
Net Long Positions: 40%
Open Interest: 80,000 contracts
Commercial Traders (Companies):
Net Short Positions: 30%
Open Interest: 40,000 contracts
Non-Reportable Traders (Small Traders):
Net Long Positions: 30%
Open Interest: 20,000 contracts
COT Ratio: 1.1 (indicating a neutral trend)
╰┈➤Sentimental Outlook
Institutional Sentiment: 50% bullish, 50% bearish
Retail Sentiment: 55% bullish, 45% bearish
Market Mood: The overall market mood is neutral, with a sentiment score of +5
╰┈➤Technical Analysis
Trend: The AUD/CAD pair is experiencing a neutral trend, with the market respecting the 20-period Weighted Moving Average (WMA) as dynamic support.
╰┈➤Market Data Analysis
Order Book Analysis: The AUD/CAD pair's order book is showing a neutral sentiment, with an equal number of buy and sell orders.
Liquidity Analysis: The AUD/CAD pair's liquidity is expected to remain stable, with no significant changes in market participation.
Volatility Analysis: The AUD/CAD pair's volatility is expected to remain stable, with no significant changes in market sentiment.
╰┈➤Positioning
Long Positions: 50% of total positions
Short Positions: 50% of total positions
Neutral Positions: 0% of total positions
Leverage: 1:1 (average)
╰┈➤Next Move Prediction
Bullish Move: Potential upside to 0.92000-0.93000.
Target: 0.93000 (primary target), 0.94000 (secondary target)
Next Swing Target: 0.95000 (potential swing high)
Stop Loss: 0.87000 (below the 30-day low)
Risk-Reward Ratio: 1:2 (potential profit of 500 pips vs potential loss of 250 pips)
╰┈➤Overall Outlook
The overall outlook for AUD/CAD is neutral, driven by a combination of fundamental, technical, and sentimental factors. The expected stability in commodity prices, neutral interest rate environment, and balanced market sentiment are all supporting the neutral trend. However, investors should remain cautious of potential upside risks, including changes in global economic trends and unexpected regulatory developments.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌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.
📌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 🤑🐱👤🤗🤩
AUDCAD Set for Bearish Correction After Struggling to RiseAUDCAD Set for Bearish Correction After Struggling to Rise
The AUDCAD pair recently broke out from a bearish pattern, suggesting a potential downward movement. While further confirmation is needed to solidify this trend, the pair already appears poised for a continued decline.
A minor support zone is located near 0.9010. However, this area may not hold, and there is a strong possibility that the price could breach this support and target the lower levels of 0.8993 and 0.8960.
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❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trading Idea on AUDCADAussie is under pressure due to weak Chinese data, and on the other hand, the Canadian dollar isn’t looking too strong either, thanks to tariffs.
But this setup is more of a pre-position ahead of US inflation data 📊.
If inflation comes in higher than expected, we could see this trade moving in our favor!
AUDCAD 2HAUDCAD 2H
Fundamentals:
•The RBA has made its first rate cut, initiating its rate-cutting process. However, this is more of a symbolic cut rather than a genuine attempt to stimulate the economy. It was essentially a “hawkish cut” from the RBA.
•We could see a shift in risk sentiment, with the S&P500 currently in an uptrend but recently rejecting a daily resistance. In my opinion, this rejection is just a minor correction.
•Oil is also in a downtrend, which should negatively impact the Canadian dollar.
•Furthermore, market expectations for interest rates suggest a hold for both central banks, but with an 80% probability for the RBA compared to 60% for the BoC.
•Additionally, since the US dollar is undergoing a short to medium-term correction, this could also weigh on the Canadian dollar due to the positive correlation between the two currencies.
Technical Analysis:
•On the daily timeframe, we can see a descending triangle that has just broken to the upside.
•On the 8H timeframe, there is a clear double bottom on the Bullish TrendLine, which acted as strong support. Price is also returning to the trendline, but more importantly, to Fibonacci levels aligning with a major resistance-turned-support.
•Retail traders are predominantly short (91%), confirming a potential buying opportunity.
•I am placing a buy limit at the 50% Fibonacci level at 0.90060.
•Wide stop-loss as we might see portfolio rebalancing from major institutions due to the end of the month, which could bring volatility.
•Take profit at 0.92700.
•Risk-to-reward ratio: 3.3.
•Half-risk position due to Australian CPI on Wednesday and Canadian GDP data on Friday.
AUDCAD buy opportunityPRACTICE - Day trading.
This is a practice from a new DAY TRADING course I'm taking, for logging purposes.
Please do not trade as my analysis might be incorrect.
I encourage constructive feedback.
If you did trade, make sure the drawing is respected, don't use exact values as they might differ from a broker to another.
Explanations:
MIN - last minimum point
MAX - last maximum point
BOS - break of structure
SMS - shift in market structure
SL - stop loss
TP - take profit
RR - risk reward
OB - order block
OB (15) - order block (based on M15) timeframe
If you like this kind of ideas follow me for more analysis.
AUD-CAD Will Keep Growing! Buy!
Hello,Traders!
AUD-CAD is trading in a
Local uptrend and the pair
Is making a strong rebound
From the wide horizontal
Support level of 0.9005
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
AUDCAD Possible Sell AUDCAD is bearish and price is respecting the downtrend line. The price was trading sideways for the past three days forming a triple inside candles. The bearish mother candle range is indicated with bold rays. A sell position is possible when price breakdown the up trendline and 0.89518 level.
Good LUck
AUDCAD - CARRY TRADECAD likely to be hit as a funding currency for carry trades
AUD will be the strongest currency because they just started cutting rates
Technical side :
- broken descending trend-line
- breakout of accumulation zone
- golden cross with retest
- overall bullish market waiting to resume
BEWARE OF TARIFF HEADLINES AS IT CAN DUMB THE AUD IN A MINUTE
AUDCAD: Short Trade Explained
AUDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry Point - 0.9016
Stop Loss - 1.9031
Take Profit - 1.8983
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
AUD/CAD (1H) – Bearish Wedge Formation & Sell SetupMarket Overview:
The AUD/CAD pair is currently forming a rising wedge pattern, a bearish signal indicating a potential breakdown. The price is consolidating within support and resistance levels, showing signs of weakening momentum.
Key Technical Observations:
🔹 Rising Wedge Pattern: The price is making higher highs (HH) and higher lows (HL), but the structure is narrowing, indicating a potential breakdown.
🔹 Neckline Support: The key level to watch is 0.8990—a break below this support will confirm the bearish move.
🔹 Breakout Confirmation: A break below the neckline will trigger a strong downside move, confirming the wedge breakdown.
Trade Setup:
📌 Sell Stop Entry: 0.8990 (Below neckline support)
📌 Stop Loss: 0.9036 (Above resistance)
📌 Take Profit 1: 0.8944
📌 Take Profit 2: 0.8898
Trading Plan:
✅ If the price breaks below the neckline at 0.8990, a sell stop order will be triggered.
✅ A stop loss is placed above the recent resistance at 0.9036 to minimize risk.
✅ If the price reaches TP-1 (0.8944), consider securing partial profits and adjusting the stop loss.
✅ A further decline towards TP-2 (0.8898) is expected if momentum continues.
💡 Conclusion:
A breakdown from this wedge structure could lead to a strong bearish move. Traders should wait for confirmation below 0.8990 before entering the trade.
📉 Stay disciplined & trade with a strategy! 🚀
AUDCADThe pair is holding resistance Refusing to take the upside liquidity.Now waiting for confirmation to enter , as the pair is forming a triple top. For me personally , I would be more convinced if price can at least take one of the tops and close below , otherwise now I will have to mind my risk as this will not be my best setup if there is no liquidity taken above .