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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

AUDCAD Analysis: Technical Framework Supporting Bullish BiasCurrent Market Position: The AUDCAD currency pair is currently trading at the 0.9187 pivot level. Market Bias: Bullish - The outlook indicates a strong potential for upward movement. Technical Indicators: Both the Super Trend and Pivot HL indicators are signaling a high probability of bullish continuation. This suggests that the market may maintain its upward trajectory in the near term. Target Price: The immediate target is set at 0.9226. This level represents a logical point for profit-taking should the bullish trend continue. Explanation of Indicators: Pivot Points are critical technical analysis tools that help traders determine the overall market trend across various time frames. They serve as potential support and resistance levels, assisting traders in making informed decisions based on market movements. Conclusion: With strong bullish signals from both the Super Trend and Pivot HL indicators, traders may look to capitalize on potential upward movements in the AUDCAD pair. Wishing you all the best in your trading endeavors!
Long
by RiskRebel
9
AUDCAD My Opinion! SELL! My dear friends, My technical analysis for AUDCAD is below: The market is trading on 0.9270 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.9222 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
9
AUDCAD / H1 / LONGAUDCAD may go upward direction. Bullish Order Block: 0.92765 and 0.92562 The AUD/CAD pair may move upward from the bullish order block. It’s a good time to consider opening a long position, as there are higher chances of the asset’s price moving up. Let’s see how the price reacts. I have used the most advanced price action strategy across multiple timeframes to analyze the chart. This strategy has a high success rate in trading. ENTRY PRICE :- 0.92774 TAKE PROFIT :- 0.93218 STOP LOSS :- 0.92330
Long
by PraveenTrader1
Falling towards overlap support?AUD/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.91801 1st Support: 0.91313 1st Resistance: 0.92483 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.
Long
by ICmarkets
1
Possible Buy Trade on AUDCADThis is my analysis trade for AUDCAD. Weekly is bullish all the way to Daily and 4H for HTF direction. I will wait for the price to go down to my buy zone on 4H timeframe and watch price action closely once price goes to this zone and see if price action will show possible buy trade on this using either 30M or 15M timeframe. I added a trade alert so I will not look at this pair in the week until my alert gets triggered. Possible target would be the next Order block on the 4H timeframe. I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
Long
by ProfitWithVince
AudCad Trade IdeaAudCad has been trending BEAUTIFULLY! I managed to catch some solid shorts to the downside last week. I published a set up last week stating that if price could push above the last lower high and give a clean flip then we could expect longs for the week. Price did just that while maintaining bullish structures. We have a solid level being 92600 that made price push to the upside in the past. If price can do the same thing here then we can expect some more longs and may even see price tap back around 93870.
Long
by OfficialJ23
AUDCAD Daily: the bulls on the driver's seat...AUDCAD Daily: The uptrend seems to be continue during this new trading week. The price is respecting the TL and is making HH and HL for some time confirming the uptrend. A Daily Support at .088002 can be a strong rejection level if price retraces. If this strong uptrend continues we may see the price testing the 0.95552, previous resistance from January 2023. The EMA(21) is doing a good job as dynamic support and as long the price stays above that shows the bulls are in control. A possible MACD bullish cross around the zero line suggest an increase in the bullish momentum and once confirmed it will give more strength for the price test the 0.95552. I will be watching this pair tomorrow(Monday AEST) with a possible long entry targeting the 0.95552 level.
by cyberFX2019
AUDCAD - 4H - BULLISHTechnical Analysis: AUDCAD is in a bullish trend, moving within a bullish channel on higher timeframes. Recently, it broke above the trendline, confirming the continuation of its upward movement. The pair is printing higher highs (HH) and higher lows (HL), signaling strong bullish momentum. We will look to buy at the 0.382 Fibonacci retracement level to capitalize on this trend. There is no divergence on higher timeframes, which further confirms the strength of the trend. Seasonality: According to seasonality, AUDCAD typically remains bullish from the start of October until the end of December, aligning with the technical outlook. Entry Strategy: Entry Point: Buy at 0.92826 at the 0.382 Fibonacci level. Stop Loss: Set at 0.92397 , just below the last higher low (HL) in a good resistance zone to manage risk effectively. Take Profit 1: First target at 0.93256 for initial gains. Take Profit 2: Second target at 0.93686 for extended profit. This strategy combines both technical signals and seasonality, aiming to take advantage of the ongoing bullish momentum in AUDCAD with clearly defined entry, stop loss, and take profit levels for effective risk management.
Long
by ya_xir