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AUDCAD

AUDCAD - 4hrs ( Sell Trade Target range 150 PIP ) ☑Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Break 0.90800 Area Reasons - Pattern Break Out - Visible Range Hvn - Inner Choch / 4hrs - Major Choch / w - Day + week low - 3Q High + 2Q High Braek - Month High break - FiboGolden Zone ✔️Bullish Reversal 0.89000 Area Reasons - Major Turn level / Month - Major Triangle Pattern - Choch / Bullish - inner Counter - Fibo Golden Zone - Month High - Day High + week Break
Short
by GoldenEngine
AUDCAD...UPTRENDStrengths of the Australian Dollar (AUD): Australia plays a significant role in the global market for commodities such as iron ore and coal, which have experienced a notable increase in prices. The AUD can benefit from strong global demand and recent price increases for these commodities, as exports become more valuable. RBA Taking a More Assertive Stance: The Reserve Bank of Australia (RBA) has taken a more assertive stance compared to other central banks such as the Bank of Japan, by increasing interest rates in order to address inflationary pressures. This could potentially increase the appeal of the AUD for investors who are looking for higher yields. Increased Bond Yields: Australian bond yields have reached their highest levels in five years, which could potentially make the AUD more appealing to foreign investors and strengthen its position. Weaknesses of the Canadian Dollar (CAD): Gentler Rate Increases: The Bank of Canada appears to be adopting a more cautious approach in terms of increasing interest rates, in contrast to the RBA. This may decrease the appeal of the CAD for investors looking for greater returns. Oil Price Volatility: Although Canada is a significant oil producer, fluctuating oil prices can lead to unpredictability for the CAD. SUMMARY The AUDCAD uptrend could be influenced by the AUD's support from rising commodity prices and the potentially less hawkish stance of the Bank of Canada compared to the RBA.
Long
by ProfessorCEWard
AUDCAD Will Go Higher From Support! Long! Here is our detailed technical review for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.911. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.919 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
Unleashing Trade Opportunities in Ranging Markets! AUDCAD📊 In this analysis, we dissect the AUDCAD currency pair, meticulously exploring its behavior on the 1D, 4H and 30m time frames. Brace yourself for insights into range-bound dynamics! 🎯 🔍 Key Takeaways: 💹 1: Learn how to spot breakouts when the market defies its established structure. 💹 2: Discover actionable strategies for capitalising on range-bound conditions. Remember, this content is for educational purposes only—always make independent trading decisions based on your risk management strategy.
by fxtraderanthony
2
Bearish Reversal Insight AUDCAD Technical Analysis & Trade SetupThe AUDCAD currency pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line, providing a strong confluence for a bearish bias. Potential Reversal Zone (PRZ) and Key Resistance: Point D is identified as a critical area where the price is likely to reverse. This zone is reinforced by a key resistance level, adding validity to the bearish outlook. The intersection with the daily trend line further strengthens the likelihood of a trend reversal from this point. Entry Strategy: To capitalize on the expected trend reversal, the entry should be made at the breakout of the support level near 0.90450. This level is crucial as a confirmed breakout here would signal the start of a bearish trend. Stop Loss Placement: A stop loss should be placed above the resistance level at 0.91400. This placement ensures protection against potential false breakouts and market volatility. Take Profit Targets: The take profit targets for this trade are as follows: TP-1: 0.89500 TP-2: 0.88550 TP-3: 0.87600 These targets are strategically set at significant support levels to maximize gains while managing risk effectively. Conclusion: The formation of the Bearish Butterfly Harmonic Pattern, combined with the confluence of the PRZ, key resistance area, and daily trend line, presents a compelling bearish setup for AUDCAD. By entering at the support breakout, setting a prudent stop loss, and targeting key support levels, this trade offers a favorable risk-reward profile for traders.
Short
by trading_jupiter
27
AUDCAD Will Fall! Sell! Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.910. The above observations make me that the market will inevitably achieve 0.900 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDCAD Is Very Bullish! Long! Here is our detailed technical review for AUDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.905. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.908 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
Strifor || AUDUSD-31/05/2024Preferred direction: SELL Comment: On the last day of this month, we will most likely have a busy day, where all the main events for the Australian dollar will develop at the level of 0.66460 . As always, we highlight two scenarios for the development of events. Scenario №1 is the most probable expected maneuver in the market for today, where, most likely, the price will accumulate below 0.66460 and then fall to support at the level of 0.66000. There is also an alternative option called scenario №2 , where entry is also assumed near the level of 0.66460 , but after the formation of a false breakout. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1