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Audcadanalysis

AUDCAD LONGPrice is consolidating in an expanding triangle from 1987 to till date after a clear bearish impulse from 1970s to 1987 which fundamentally 1980s ended in failure, a monetary policy failure – a deep recession provoked by interest rates of 18 per cent resulting in unemployment above 11 per cent. Then Corrected (A) to (B) with triple combo (Elliot Wave Correction) for 20 years and running for (C) wave since then beside Australia has seen average annual economic growth of 3.3 per cent over the period from 1992 to 2017. We are expecting and diagnosing wave (C) as shown in the graph. Have a better luck!!! If you like the idea hit support button. Thanks
Long
by KhalasMunafa
AUDCAD forecastAfter the persistent bearish channel the market started to move in a volatility contraction pattern to the upside... Now we’re currently at a pretty much significant area, from here we wait for price to slightly violate this liquidity zone to price 0.91385. After the retracement then we should expect an aggressive bearish movement targeting price 0.87583 which is our stop order... However, we might as well embark on this trade because it’s going down already. Our stop loss is already in place for a safer trade...
by tokelohomi
20 REASONS FOR LONG AUDCAD MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100 1 Structure analysis time frame: D1 up trend 2 target time frame: D1 3 Current Move: impulse 4 Entry Time Frame: h4 4.1 Entry TF Structure: bullish 4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead 5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact 6 FIB: Almost done trigger event 7-candle Pattern: shrinking Pattern 8 Chart Pattern: double top 9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg 10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60 11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence 12-strength ADX: uptrend is in strength 13 Sentiment ROC: AUD is weaker than CAD 14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view 15: decision: buy now, and 2nd entry buy at retracement 16 Entry: 0.8927 17 Stop losel: 0.8915 18 Take profit: 0.9090 19 Risk to reward Ratio:1:9 20 Excepted Duration:5 days
Long
by Optimum369
1
AUDCAD H14 SWING TRADING ANALYSISHello Traders AUDCAD H4 SHORT SWING TRADE I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS. Share with more traders like you. Follow me for more. Thanks in advance. AUDCAD H4 TRADING IDEA Please support this idea with a LIKE if you find it useful. Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial Advice Do you want to catch those pretty pairs like this also? Follow me for free profitable trades, PEACE
Short
by Daily_Price_Action