AUDCADWe have swept liquidity. I am expecting to see some bullish momentum here. We have a setup a 1:2 Risk to reward.
CADAUD trade ideas
Lingrid | AUDCAD shows Contraction - EXPANSION patternFX:AUDCAD market has formed a range after successfully breaking through the triangle pattern. Price broke and closed above the 0.88500 key level, confirming the bullish bias. On the daily timeframe, an engulfing candle has formed, demonstrating bullish dominance in the market. Furthermore, the price structure continues to establish higher highs and higher lows, reinforcing the uptrend. I think the market may consolidate briefly before resuming its upward trajectory toward the key resistance zone. The price is likely to respect the support level, which acts as a swap zone due to its historical significance, having been tested and respected multiple times in the past. My goal is resistance zone around 0.89000
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Bullish rise?AUD/CAD is reacting off the pivot and could rise to the 1st resistance.
Pivot: 0.88549
1st Support: 0.87948
1st Resistance: 0.89499
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.
Bullish momentum to extend?AUD/CAD has bounced off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 0.88518
Why we like it:
There is a pullback support level.
Stop loss: 0.87962
Why we like it:
There is a pullback support level.
Take profit: 0.89544
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci projection.
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AUDCAD Buy ForecastAUDCAD New Forecast👨💻👨💻
This is my personal trade and not in anyway a mandatory setup.
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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AUD-CAD Free Signal! Sell!
Hello,Traders!
AUD-CAD shot up sharply
But the pair failed to break
A horizontal resistance
Level of 0.8880 and we are
Already seeing a local pullback
Which is likely to turn into a
Local correction on Monday
So we can enter a short trade
With the Take Profit of 0.8779
And the Stop Loss of 0.8887
Sell!
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#AUDCAD: Following a sell off, we might see price filling FVG. AUDCAD plummeted due to the NFP data, causing a record low price. However, it left a significant void area. The price has changed its behaviour, showing an increasing bullish presence. We only have one target where the price is likely to drop again heavily.
Good luck and trade safely. Like and comment for more!
Team Setupsfx_
AUD/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.882 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUD_CAD SHORT SIGNAL|
✅AUD_CAD made a retest
Of the horizontal resistance
Of 0.8880 then established
A beautiful double top pattern
And then broke the local neckline
Around 0.8832 so its a great
Setup for a short trade
With the TP of 0.8778 and
The SL of 0.8887 above the
Resistance upper bound
SHORT🔥
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AUDCAD Wave Analysis – 16 April 2025
- AUDCAD reversed from resistance zone
- Likely to fall to support level 0.8700
AUDCAD recently reversed down from the resistance zone between the resistance level 0.8860 (former support from August and January), 20-day moving average and the 61.8% Fibonacci correction of the downward impulse 1 from March.
The downward reversal from this resistance zone stopped the previous short-term correction 2 from the start of April.
Given the clear daily downtrend and the bearish Australian dollar sentiment, AUDCAD can be expected to fall to the next support level 0.8700.
Bearish drop off pullback resistance?AUD/CAD has rejected off the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 0.88549
1st Support: 0.87205
1st Resistance: 0.89370
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.
AUD-CAD Will Fall! Sell!
Hello,Traders!
AUD-CAD made a retest of
The horizontal resistance
of 0.8880 then established
A double top pattern so we
Bearish biased and we will
Be expecting a furter
Bearish move down
Sell!
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AUDCAD: Bearish Continuation is Highly Probable! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move down.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDCAD Is Very Bullish! Long!
Here is our detailed technical review for AUDCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.853.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.869 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCAD Buy Limit SetupDirection: Long (Buy)
Entry Type: Limit Order
Risk-to-Reward Ratio: 3.47
Technical Context:
AUDCAD has been developing a strong bullish trend structure with clean higher highs and higher lows. Price has recently broken out of a consolidation range and is now forming a potential continuation setup. The current entry targets a retest of the breakout zone, which overlaps with an area of previous accumulation.
Entry Level:
A Buy Limit order is placed at 0.88339, coinciding with the upper edge of the former consolidation and acting as newly established support.
Stop Loss:
Set at 0.88226, just below the base of the zone, to account for potential wick-based volatility while preserving structural integrity.
Take Profit:
The target is placed at 0.88731, corresponding with a minor resistance zone created by the previous local high, and yielding a favorable risk-to-reward ratio of approximately 3.47.
Trade Rationale:
This setup aims to participate in the continuation of a bullish trend after a textbook breakout and retest scenario. The entry zone is strategically selected based on both horizontal structure and breakout dynamics. A confirmation through RSI behavior supports the underlying momentum.
Notes:
This trade aligns with a broader strategy of scanning major and minor pairs for clear trending opportunities on the 1-hour timeframe, with precise entries executed through limit orders at structurally sound levels.
