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Aud-cad

AUDCAD moving lower 🦐AUDCAD after the 2nd retest of the weekly resistance is now moving to the lower trendline of the flag over a minor support. According to Plancton's strategy if the market will break below we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigg
Short
by InkyGrip
10
AUDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity AUDCAD . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by BULLSS1993
20
AUDCAD facing bearish pressure | 7th Apr 2021Prices are facing bearish pressure from pivot which is in line with 100% Fibonacci extension and horizontal swing high resistance. Prices might push down to 1st support, which is our horizontal swing low support, in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement . If prices push up, it might take resistance from 1st resistance which is in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement . Stochastics is also facing bearish pressure from 95.6 level.
Short
by FXCM
2
AUDCAD facing bearish pressure | 7th Apr 2021Prices are facing bearish pressure from pivot which is in line with 100% Fibonacci extension and horizontal swing high resistance. Prices might push down to 1st support, which is our horizontal swing low support, in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. If prices push up, it might take resistance from 1st resistance which is in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement. Stochastics is also facing bearish pressure from 95.6 level.
Short
by FXCM
5
AUDCAD - FOREX - 06. APR. 2021Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bullish price action towards main sr level. 4 HOUR Overall bearish market structure.. DAILY Expecting more price action towards previous lows. - FOREX SETUP SELL AUDCAD ENTRY LEVEL @ 0.95820 SL @ 0.96350 TP @ 0.95080 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
52
Week Ahead: COT Currency ReportOverall: With the CFTC data updated until 30 March the EUR showed the biggest decrease of (-19.5K) and the AUD showing the biggest increase of (+6K). AUD, NZD & CAD: Positioning still favours further upside for the three high beta FX majors. The strong push higher in global equities last week is another positive catalyst to keep in mind in the week ahead. Even though we maintain an upside bias for the AUD, NZD and CAD, but given the BOC's recent action to discontinue some of their market functioning programs and the complete reversal of NZ10Y after it's recent push lower we would prefer the NZD and CAD above the AUD as we also have the RBA this week which could influence the AUD. The med-term bias for all three remains titled higher. JPY & CHF & USD: The big deviation in positioning we mentioned in last week's report saw some mean reversion in the JPY albeit it only minor moves. With risk appetite taking a more positive turn at the latter part of last week, and with the solid economic data points from the US, the risk on added additional pressure on the JPY, but positioning still has some possible room left to unwind which is a risk to our medterm downside bias. The Dollar's price action at the latter part of last week was very important. Despite the best ISM Mfg PMI since 1984 and despite a solid NFP print which came in much higher than expectations, the Dollar failed to sustain any meaningful upside, and instead continued it's overdue mean reversion to the downside. This might be the first signal that the positioning-related squeeze might be fizzling out and could potentially be the market turning it's attention back to the reflation narrative as we head into the highly anticipated Q2 of 2021. GBP: The bias for Sterling remains firmly titled to the upside, we maintain an upside bias in GBPUSD, especially with the Dollar's soft price action following last week's solid data points. The calendar will be very light for Sterling, so the overall focus will arguably fall predominantly on price action in the EUR and the USD. EUR: The reasons to expect downside for the EUR has been on the rise recently. Whether we consider the vaccine roll out, or recent virus numbers, or lockdown restrictions, or relative growth dynamics, or policy normalization expectations, all the above point to further downside for the EUR versus the USD and GBP, as well as the high betas. Despite shedding a lot of net long positioning in the past two months, the EUR remains the largest net long position among the majors, which means there is quite a bit of room to run to the downside if the above concerns continue to pressure the single currency. However, the one caveat to the EUR is it's sensitivity to the Dollar. With the Dollar pushing lower we've seen the EUR breathe a sigh of relief, and as long as the Dollar remains pressured we could see the EUR gaining some upside momentum. This report reflects the COT data updated until 30 Mar 2021.
by thunderpips
5
💡Don't miss the great sell opportunity in AUDCADTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.95850 TP2= @ 0.95250 TP3= @ 0.94580 TP4= @ 0.93940 TP5= @ 0.93120 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
5
💡Don't miss the great sell opportunity in AUDCADTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.95850 TP2= @ 0.95250 TP3= @ 0.94580 TP4= @ 0.93940 TP5= @ 0.93120 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
23
COT CURRENCY REPORTThis report reflects the COTdata updated until 23 Mar 2021. Overall: With the CFTC data updated until 23 March the JPY showed the biggest decrease of (-14K) and the EUR showing the biggest increase of (+3K). AUD, NZD & CAD: After sizable moves lower with the recent risk off flushes, all three high betas remain bullish in the med-term outlook, and with relatively small net long positions, there is still more room to run. In the week ahead it's going to be very quiet on the data front, but we will have a few events to watch for WTI which could have impact on the CAD such as the upcoming JMMC meeting and more developments with the Suez Canal. Also keep in mind this week we will have month-end and quarter-end, we also have a shortened week due to Good Friday, which means liquidity is likely going to be unfavourable. Thus, even though med-term biases remain intact do watch out for erratic price moves without any real catalyst. JPY & CHF & USD: Another big increase in net-short positions for the JPY. The speed of the move in the JPY has been very excessive in the short-term, with the 1-year z-score printing a 4.5 with this past week's data. That is a very big deviation from the norm, which means we do want to be a bit careful with the JPY from a positioning point of view. Even though the JPY has been at the mercy of moves in US10Y, a sudden move higher from some profit taking is a risk to keep in mind. The Dollar was the star performer last week, pushing higher across the board even while US10Y was pushing lower for the majority of the week. The short-term drivers that has recently affected the Dollar is still very much in play such as yield differentials, better relative growth & inflation dynamics as well as the faster policy normalization expectations for the FED. However, again from positioning, the move in the USD does look stretched in the short-term so keep that in mind going into the new week. GBP: The bias for Sterling remains titled to the upside, especially versus the EUR, where EURGBP managed to close below the important support at 0.8550. This week is going to be very light on the data front, so focus will remain on the overall driver for EURGBP such as vaccine roll out (UK well ahead), growth expectations (UK well ahead), monetary policy (UK far less dovish), fiscal policy (EU still waiting for ratification), new virus cases (rising much faster in EU). EUR: The reasons to expect downside for the EUR has been on the rise recently. Whether we consider the vaccine roll out, or recent virus numbers, or lockdown restrictions, or relative growth dynamics, or policy normalization expectations, all the above point to further downside for the EUR versus the USD and GBP, as well as the high betas. Despite shedding a lot of net long positioning in the past two months, the EUR remains the largest net long position among the majors, which means there is quite a bit of room to run to the downside if the above concerns continue to pressure the single currency. For the week ahead, the focus will be on the incoming US ISM Manufacturing PMI as well as the March NFP report (which is expected to show a sizable jump on the headline). If we see these two data points print significantly higher than expected, it will mean more downside for the EURUSD, which should also be supportive for further EURGBP downside as well.
by thunderpips
21
AUDCAD - ShortPossible short opportunity. Price has been rising in the descending channel. We could see price reject at previous support and the 50.0 fib level. Or, Price could reach resistance of the channel and reject at the 61.8 fib level. The overall trend of this pair is bearish so I am more interested in going short on this pair with 1 of these 2 scenarios described above. As always I will look at indicators and moving averages as well as price action, trend, and fibs in order to give as high a probability as possible. Fundamentals CAD currently strong and so this is likely to push this pair to the downside.
Short
by francesgurton
9
AUDCAD watching to short,watching levels... If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
AUDCAD testing a weekly resistance 🦐AUDCAD on the 4h chart is moving inside a descending channel. The price after the test of the weekly support has retraced at the 0.5 Fibonacci level of the previous impulse. According to Plancton's strategy if the price will break below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
8
AUDCAD facing bullish pressure | 25 Mar 2021Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement . If prices push downwards, prices might take support from stop loss level which is in lien with -27.2% Fibonacci retracement an 61.8% Fibonacci extension . Stochastics is also approaching 4.51 level, possible for a bounce, in line with our analysis.
Long
by FXCM
6
AUDCAD facing bullish pressure | 25 Mar 2021Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement. If prices push downwards, prices might take support from stop loss level which is in lien with -27.2% Fibonacci retracement an 61.8% Fibonacci extension. Stochastics is also approaching 4.51 level, possible for a bounce, in line with our analysis.
Long
by FXCM
9
AUDCAD facing bullish pressure, potential for further bounce!Prices are facing bullish pressure from 1st support level which is in line with 50% fibonacci extension and 78.6% fibonacci retracement . Prices might push up towards 1st resistance which is horizontal swing high resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement . If prices fall through 1st support, prices might take support from 2nd support which is in lien with -27.2% fibonacci retracement and 61.8% fibonacci extension . Stochastics is also approaching 5.71 level, potential for a bounce which is in line with our hypothesis.
Long
by TradeGATEHub
5