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Aud-cad

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
Joe Gun2Head Trade - AUDCAD at intraday resistanceTrade Idea: Selling AUDCAD Reasoning: Into short term resistance. Entry Level: 0.92861 Take Profit Level: 0.9120 Stop Loss: 0.9349 Risk/Reward: 2.79:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
AUDCAD Target achieved. Double Top turning long-term bearish.The AUDCAD pair has gone a long way since our latest analysis and bullish call upon a 1D MA50 (blue trend-line) break-out, hitting all of our targets to the upside: In fact, our long-term buy that targeted the 1W MA300 (red trend-line) was executed perfectly exactly at the bottom as you can see on this September 20 idea: With the price almost touching the 1W MA300 but more importantly getting rejected on the April 20 2021 Lower Highs trend-line and making Higher Highs Double top on the 0.786 Fibonacci retracement level, we are closing all buy positions and instead reversing to long-term sells on the AUDCAD pair. The very same 1W RSI Bearish Divergence (which is on Lower Highs as opposed to the Higher Highs of the price) was also formed on the previous top on April 05 2022. Notice also that that top was formed slightly after a 1D Golden Cross formation. We just had the same Golden Cross 3 days ago. Our short-term target is the 1D MA50 (blue trend-line) and a break below the 1D MA200 (orange trend-line) calls for further selling extension towards the 0.86000 Low. For as long as the long-term Bearish Megaphone pattern holds, the -0.382 Fib extension would be the Lower Low goal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
AUDCAD a turn at the 0.786 🦐AUDCAD on the 4h chart after the test of the weekly support has retraced to the 0.786 Fibonacci level. The market is now trading over the 0.618 Fibonacci support and a lower move.can be expected. How can i approach this scenario? I will wait for a potential break of the 0.618 and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules. ---- 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
by InkyGrip
10
AUDCAD BEARISH OUTLOOKThe AUD/CAD currency pair had broke and remained under one of its major supports at 0.9133 on the 1H graph, which is an indicator for bearish trend for the instrument. Both technical indicators, RSI and MACD are confirming the outlook for the pair. In this case in the next few hours the price might try to test levels of 0.91 In the opposite scenario the price might try to climb back to levels of 0.915 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
AUDCAD will take a break? 🦐AUDCAD on the 4h chart is trading at the recent top of an over-extended bullish move. The market reached the descending weekly resistance trendline and some retracement to the support area can be seen. How can i approach this scenario? I will wait for a potential break of the minor support area and IF the price will provide us a nice sign of inversion i will consider a short order according to the Plancton's strategy rules. ---- 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
by InkyGrip
12
InvestMate|AUD/CAD Heading North🦘🦘AUD/CAD Heading North 🦘AUD/CAD In recent weeks it is not giving up and is pushing from a new peak to an ever higher high. 🦘I think the scenario will repeat itself and within the next few days we will see ourselves at the resistance zone marked on the chart. 🦘I have determined it based on two fibo levels. The first is the 0.5 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.382 level of the entire upward wave from the covid bottom to the 2021 peak. 🦘The nearest support zone was determined by a cluster of two fibo levels. The first is the 0.382 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.382 level of the entire downward wave from the 2012 peak to the 2020 bottom. 🦘The scenario I'm playing out is a continuation of the breakout with the direction at the new peaks finally reaching the resistance zone where I will watch how the price will react. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
13