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AUDCAD

AUDCAD: On the 1D MA200 and top of the Channel Down. Sell.AUDCAD hit the 1D MA200 yesteday and came just shu off the top of the Channel Down. The 1D timeframe is technically bullish (RSI = 62.944, MACD = 0.002, ADX = 28.766) but the RSI is also near the top of its Rectangle pattern. The previous top coincided with the Channel Down rejection. Consequently we are opening a sell now and target the S1 (TP1 = 0.874500) and if a 1D candle closes under, extend selling to the S2 (TP2 = 0.86630). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
6
AUDCAD Short Bearish gets strongerAustralia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends. AUD has been hurt by a mix of factors recently: a setback in risk sentiment amid the lack of meaningful progress in Washington over raising the debt limit, a trimming back of rate cut expectations after hawkish speak from US Federal Reserve officials, and underwhelming Australia data (jobs data being the most recent). This puts increased focus on Australia retail sales data for April due Friday – forecast to have slowed to 0.1% on-month from 0.4% previously.A below-expected print could precipitate a decline in AUD. Also, a higher-than-expected US core PCE price index print (expected to remain flat at 4.6% on-year) could boost USD. AUD/CAD’s fall below a horizontal trendline from April at about 0.8950 has triggered a minor double top (the April and the May highs), potentially exposing downside risks toward 0.8800. The bearish development follows a failure to cross above stiff resistance on the 89-day moving average (see the daily chart).
Short
by DaveBrascoFX
✨ NEW: NZDCHF ✨ LONG TERM SWING ✨SLO2 @ 0.6856 (conservative) SLO1 @ 0.6706 (aggressive) TP3 @ 0.6630 TP2 @ 0.6357 TP1 @ 0.5925 BSO4 @ 0.5664 BSO3 @ 0.5505 TP0 @ 0.5497 (@ Minor Resistance) BSO2 @ 0.5452 (9m) ⏳ BSO1 @ 0.5447 (9m) ⏳ ADDITIONAL INFO: — TP0 is our earliest TP for Day Trading — shaving 25% from TP1/TP2 — closing ALL Buy Orders @ TP3 ⚠️ Trading the All-Time Low on this pair is an extremely aggressive position to take and it increases our risk. Manage your trade accordingly. Be conservative. BIG PICTURE ANALYSIS
Long
by ProfessorCEWard
1
AUD/CAD The Target Is UP! BUY! My dear subscribers , I analysed this chart on AUD/CAD, and concluded the following: The asset is approaching an important pivot point 0.88410 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 0.88968 My Stop Loss - 0.88116 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
AUDCAD 60 MINS SELL SETUP The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
6
AUDCAD bottomed and is giving a strong buy signal.AUDCAD is trading inside a Channel Down pattern since the end of January. A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.91000 (Resistance and Fibonacci 0.5). Tips: 1. The RSI (1d) is also printing a similar pattern to July's 2022 bottom. Please like, follow and comment!!
Long
by TradingBrokersView
2
EURCAD I Key resistance broken and more upsideWelcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
26
AUDCAD - Buy opportunity with details multi-timeframe analysisFX:AUDCAD Hello trader! I am glad to share my idea about this pair. Just remember to manage your capital while trading. No matter how perfect your trading system is, the way you mange your risk is the key to be a consistent trader. The winning trader is always a consistent trader. Let breakout this pair with multi timeframe analysis: 1. MONTHLY: price reach strong support/demand zone 2. Daily: when switch to line chart, we can see very clearly a QM buy pattern
Long
by Trading_Zone_3773
Potential Bullish Signal: Why I'm Watching the 0.875 Level?In the Daily charts, we've now retraced 100% of our last leg up . You can see right below the starting point of the leg up, we have a Weekly Demand/Buy zone beginning around the 0.875 level. Bulls might find this an enticing target for market entry, on a bullish signal. This area could potentially be a 'STOP HUNT' zone. As we all know how retail traders often set their stops under swing lows, as taught in many trading books. My buy strategy involves seeking buy signals as we approach the 0.875 level. There might be a brief plunge to this level, followed by a sharp upward move. This is a short term trade idea , my target will be aiming for the 0.90 area with a stop loss set below 0.863. I will be looking for bullish signals on the lower timeframes using my TRFX indicator. I hope you find this analysis helpful. Happy trading!
Long
by TheFxAce
25