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Aud-cad

Bullish Trade Setup on AUDCADHet Traders, Here we go on AUDCAD, looking at the chart on 1W the pair broke out of a year descending channel and now making a fair turn to the upside. With a steady HH and HL he keeps the momentum and it reveal a new Bullish channel on Daily TF. However, the market just made an absolute retest back to weekly Demand zone which also serve as multiple level of market structure for the pair late DEC. Having a closer looks at the pair on 4H TF, it just broke the extensive LH & LL journey it embarked on since February, which could indicates a new Bullish run back to retesting the upper band of the channel. Wee, this is not an indicator to buy blindly, i an anticipating for a more bullish volume to put the 1st supply to test then follow by a pullback to retesting the BOT (trendline) then i will find my entry afterwards. Watchout.
Long
by Adefxc
AUDCAD Potential DownsidesHey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.923 zone, as AUDCAD is trading in a downtrend and extending pullbacks seems to be approaching the major one around 0.923 support and resistance zone. i would also recommend to take a look at the stock market confirm the bias as AUDCAD and American indices are positively correlated. once there is any bearish confirmation i would set as a target 0.912 zone as it's considered the next major support zone AUDCAD will be facing. Trade safe, Joe.
Short
by JoeChampion
6
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.91, as we noticed in the chart we are approaching an important demand zone on Daily time frame so we will see how the price action will be once we reach it. i want also to confirm this trade by taking a look at the stock market, especially American indices as they correlate positively with the AUD... so if we notice any bullish bias on indices that should be a good confirmation for this trade. Trade safe, Joe.
Long
by JoeChampion
15
AUDCAD Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.92276, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 0.93114, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 0.90792, where the overlap support is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
AUDCAD Potential for Bearish Drop towards overlap supportLooking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 0.93032, for price to break the minor low to ride the bearish momentum. Stop loss will be at 0.93802, where the overlap resistance is. Take profit will be at 0.91709, where the overlap support and 78.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUDCAD Potential for Bearish Drop | 10th February 2023Looking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 0.93032, for price to break the minor low to ride the bearish momentum. Stop loss will be at 0.93802, where the overlap resistance is. Take profit will be at 0.91709, where the overlap support and 78.6% Fibonacci line is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
AUDCAD Potential for Bearish Drop towards overlap supportLooking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.93802, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 0.94982, where the recent swing high is. Take profit will be at 0.91709, where the overlap support and 78.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUDCAD Potential for Bearish Drop | 9th February 2023Looking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.93802, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 0.94982, where the recent swing high is. Take profit will be at 0.91709, where the overlap support and 78.6% Fibonacci line is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
AUDCAD: RBA & Price Action I'm thinking that AUD pairs will drop if the RBA either meet the expected 0.25% rate hike, or it's lower than this, as 0.25% should already be priced in. I'm not expecting a hike above 0.25% when the decision is announced this Tuesday at 3.30am GMT. Looking at the price action, I think we'll either see a big move down, or a bounce from the support area, which could form a H&S pattern on the weekly, before continuing down. On the 8Hour chart price is below the 100MA, the 200MA is bang on the order block. If RBA don't raise rates, or they go for a 0.10% (as they have before) then I think we'll see a big move down to 0.895. If the rate hike is 0.25% I'm thinking we'll see a bounce from the order block (to retest the 0.93 area). Either way, ultimately I think we'll reach 0.895 (particularly if DXY shows the strength I'm expecting in the next week or so).
Short
by Finchcliffe
1
AUDCAD SellGood day everyone! Don't forget to put your thumbs up and write comment if you like the idea. AUDCAD sell 0.94365 and 0.94837. SL 0.9600. Risk 1%. Sale from monthly and weekly target area. In the week they came for a test of the upper edge of the balance sheet , and in the week for commercial interest for sale. First Target Standard, Global Target Return to Area 0.92710. DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Short
by airstels
1