Bearish drop?AUD/CAD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.919899
1st Support: 0.91503
1st Resistance: 0.92627
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.
AUDCAD
#AUDCAD 2HAUDCAD 2-Hour Analysis
The AUDCAD pair has recently broken below a trendline support on the 2-hour chart, signaling a potential bearish shift. This breakdown is accompanied by a bearish engulfing candle near the broken trendline, reinforcing the likelihood of further downside movement.
Technical Outlook:
-Pattern: Trendline Breakdown with Bearish Engulfing
-Forecast: Bearish (Sell Opportunity)
-Entry Strategy: Sell near the trendline resistance or after confirmation of the bearish engulfing pattern
Traders may consider entering a sell position around this area, targeting lower support levels. Additional confirmation from indicators like RSI showing downward momentum or MACD reflecting a bearish crossover could strengthen this setup, supporting the bearish outlook for AUDCAD.
AUDCAD - 4hrs ( Buy Trade Target Range 150 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
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🟢 Key Technical / Direction ( Long )
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Bullish Break
0.92000 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Break
- Choch Zone
- Month High Area
Bearish Reversal
0.93600 Area
Reasons
- Major Turn level
- Visible range Lvn
- Choch
- inner Top
- Quarter's High Area
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AUDCAD Is Going Up! Buy!
Here is our detailed technical review for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.919.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.937 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDCAD in support area. Are we ready for reverse?Hi traders, AUDCAD is in support from its temporal bearish movement.
Although the primary trend is bearish, we might see reverse movement from AUDCAD.
In small timeframe, we already see AO indicator in positive area and we might see reverse in short term.
Good luck!
AUDCAD Is Very Bearish! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.914.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.910 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 - Downside move !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price filled the imbalance and rejected from bearish OB.
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AUD CAD H1The Australian dollar against the Canadian dollar was able to recover positively after withdrawing liquidity on the 4-hour frame, and accordingly we are looking to buy from the levels it is at now
And we put a pending buy from the levels of 0.91394
With our targets at the levels: 0.92818
Second target: 0.93750
Stop closing the hourly candle below the levels of 0.90775
OANDA:AUDCAD
Potential bullish reversal?AUD/CAD has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 0.91121
1st Support: 0.90666
1st Resistance: 0.91547
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.
AUDCAD On The Rise! BUY!
My dear subscribers,
AUDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.9117 pivot level.
Bias - Bullish
My Stop Loss - 0.9084
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9177
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.92022
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.9246
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9132
Why we like it:
There is a pullback support level.
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