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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

26-11 AUDCAD26-11 AUDCAD since today the Aussie is strengthening. the Macd indicates a trend change. Our signal system is cautious in a long position although you see a lot of fundamental data coming in the plus in favor of the Aussie. Score -2 built up from Cot Data 0, Retail sentiment 1, Seasonality 1, Trend reading -2, GDP 1, Manufacturing PMI 0, Services PMI -1, Retail Sales -1, Inflation -2, Employment Change 0, Unemployment Rate 0, Interest Rates 1. We executed a buy at 0.915.
Long
by Probeleg
Potential bullish bounce?AUD/CAD is falling towards the pivot which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 0.91276 1st Support: 0.90738 1st Resistance: 0.91997 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
AUDCAD H1: Breakout May Push the Price up to 0.9180I’m sharing this detailed analysis to highlight opportunities and significant trends in the market that could influence upcoming price movements. This analysis reflects careful consideration of the current market dynamics and aims to provide valuable insights for better decision-making. Your feedback, suggestions, or even alternative perspectives are always welcome, as they can lead to a more comprehensive understanding. Together, we can uncover new possibilities and navigate the market more effectively. Let’s keep learning and growing through shared knowledge and thoughtful discussion
by FXTradingAnalysis
AUDCAD - EASY 50-60 PIPS FOR GRABS WITHIN THE WEEK AHEADPotential short opportunity on the AUDCAD for 50/60poips next week. Price is seen drawing towards confluence 0.90325 area in a descending channel formation. Suggest to narrow down to LTF to look for good SHORT entry setups to TARGET AREA. Price may also push further down depending on Current CAD index strength and any other fundamentals that supports the CAD & USD (correlated) or could just take a BOUNCE from there. Eager to see what happens around the confluence area and play along with PA. Buying Opps could play next. SLIGHTLY BEARISH OUTLOOK.
Short
by GhosTrader_GT
AUDCAD Potential Drop after Rejection from ResistanceAUDCAD is currently experiencing a pullback toward the resistance zone and the upward trendline area. On the 4-hour timeframe, the market has been forming lower lows and lower closes, indicating a bearish trend. After a significant decline, the price is now approaching the 50% retracement level of that move. This area may act as resistance, potentially leading to a continuation of the downward movement. The target is the support zone around 0.9070
Short
by RTED_Investing
AUDCAD Short PositionThe AUD/CAD pair is exhibiting signs of bearish momentum, suggesting a potential decline in the near term. Technical indicators and price action analysis support this outlook. Technical Indicators: Relative Strength Index (RSI): Currently at 39.396, indicating bearish conditions. Moving Averages: Both simple and exponential moving averages (5, 10, 20, 50, 100, and 200 periods) are signaling a 'Sell'. Price Action: The pair is trading near a resistance level around 0.9120, which has previously acted as a barrier to upward movement. The recent price action suggests a potential reversal from this resistance zone. Considerations: Economic Indicators: Monitor upcoming economic releases from Australia and Canada, such as employment data and GDP reports, as they can influence currency movements. Commodity Prices: Both the Australian and Canadian dollars are influenced by commodity prices, particularly gold and oil. Fluctuations in these markets can impact the AUD/CAD pair. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading forex involves significant risk, and it's essential to conduct thorough research and consider your financial situation before making trading decisions.
Short
by riskyricky
AudCad Trade IdeaYesterday I published a short set up for AC stating I wanted to see price break below a strong level of support with retest before looking to short the pair. I said If all goes well we could definitely expect price to tap back into 90400 or at least around that level. Price has been ranging between 91200 and 90400 so going short after a break of structure was my priority with price failing to break to the upside MULTIPLE times. We'll see how price plays out. Might be my last trade for the week with a bunch of news flooding because of the holiday being around the corner.
Short
by OfficialJ23