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AUDCAD

Could price reverse from here?AUD/CAD is reacting on the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 0.91810 1st Support: 0.91075 1st Resistance: 0.92467 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.
Short
by ICmarkets
1
$AUDCAD | Sell Trade | Market Exec | Technical Confluences: - Price actions are now at Stochastic Overbought conditions in Daily, H4 and H1 - Price action is at the 78% Fibo retracement levels which also coincides with a Interest Zone Fundamental Confluences: - Both currencies are considered as commodity currencies and both currencies require strong commodity prices to prosper and it all comes down to growth - Australia's growth is more concentrated on China's outlook and Canada's very US-centric still. - We are still not seeing much growth momentum in the China space and with US-side having a soft landing possibility, Canada's prospects should be better at the moment ----- Will be taking a position into a sell OANDA:AUDCAD position. Targeting to TP approximately half the position at the 50% Fibo Extension levels (in blue) and move my SL levels to B/E. It will depend on how the price action is at the 50% Fibo's Interest Zone. This trade will be the battle of the Interest Zones. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR.
Short
by weekendanalyst
Bearish reversal?AUD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit. Entry: 0.91697 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement and the 161.8% Fibonacci extension. Stop loss: 0.92564 Why we like it: There is a pullback resistance level. Take profit: 0.91024 Why we like it: There is a pullback support level. 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 - Retracement for Bullish ContinuationFX:AUDCAD is moving upwards, creating higher highs and higher lows after breaking above the descending trend line supported by a previous resistance-turned-support level suggesting that the sellers may be losing control and buyers are gaining momentum! Current price action poses a potential buying opportunity after a pullback into the “Buy Zone". The strategy is to enter a long position within this zone, with a stop loss placed below the defined support, aiming for a continuation of the newly established uptrend.
Long
by Tempo_Trades
AUDCAD Potential breakout to do downsideAUDUSD is making higher highs on the 1-hour chart, but it's important to observe that bullish momentum seems to be waning, with the slope of the upward movement beginning to flatten. As the market approaches the weekly resistance, the upper boundary of the channel, and the key psychological level at 0.9100, close attention should be paid to how the price reacts in this area. Since the price has previously rebounded from this zone, a retest of the support level is likely, especially given that the daily timeframe indicates the market has reached a critical resistance point. If a rejection candle forms, it could signal a reversal or a deeper correction. The potential target is the support level at 0.90320
Short
by RTED_Investing
AUDCAD Will Collapse! SELL! My dear followers, I analysed this chart on AUDCAD and concluded the following: The market is trading on 0.9082 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.9016 Safe Stop Loss - 0.9125 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Bullish reversal?AUD/CAD is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.90606 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.90024 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.91480 Why we like it: There is an overlap resistance level which is slightly above the 138.2% Fibonacci extension. 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.
Long
by VantageMarkets
AUDCAD Bank Robbery Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist AUDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Long
by Thief_Trader
AUDCAD - 4hrs ( sell Trade Target range 180 PIP ) Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t 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 0.90150 Area Reasons - Monthly Major Level - Visible Range Lvn - pattern Retest - daily Hvn / Choch - Fibo Golden Zone - Quarter's Area Bullish Reversal 0.88300 Area Reasons - Major Turn level / Month - Major Triangle Pattern - Choch / Bullish - inner Counter - Fibo Golden Zone - Month High - Day High + week Break
Short
by GentleGoldenEngine
1
Bearish drop?AUD/CAD is rising towards te pivot nd could could reverse to the pullback support. Pivot: 0.90381 1st Support: -.89057 1st Resistance: 0.90834 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.
Short
by ICmarkets
AUDCAD | Hidden Bearish Divergence The AUDCAD chart shows the formation of a Hidden Bearish Divergence, indicating that the current uptrend may soon reverse into a downtrend. Additionally, there is high-impact CAD news today with the release of the CPI data. On the chart, there is also the formation of parallel channels. We expect these channels to break soon, supported by the confirmation of the Hidden Bearish Divergence. In summary: 1: Hidden Bearish Divergence: Indicates a potential reversal from an uptrend to a downtrend. 2: High-Impact CAD News: The release of CPI data today could significantly influence the price. 3: Parallel Channels: The chart shows parallel channels, and a breakout is anticipated soon. These factors together suggest a potential shift in the trend, but it's crucial to monitor the news and conduct thorough analysis before making any trading decisions.
Short
by awaisulabdeen
1