Audcadanalysis
AUDCAD Idea H4Here is my view for AUDCAD on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUD/CAD: head and shoulders top pattern – further downside?The AUD/CAD pair formed a head and shoulders top pattern with neckline breakdown earlier this month.
This pattern is similar to the one seen in AUD/USD but shows a bit more room to the downside towards July 2022 lows.
The RSI pointing southward and the MACD crossing the zero line indicate that some weakness could persist in the short term.
From a monetary policy perspective, the Bank of Canada is now acting more hawkishly than the Reserve Bank of Australia.
The BoC raised its overnight rate target by 75 basis points (bps) to 3.25%, while the RBA hiked by 50bps to 2.85% this week.
The CAD benefits not only from the size of the relative hike, but also from the forward guidance.
With inflation expected to rise, the BoC has stated that interest rates will need to rise further. On the other hand, the RBA Governor Philip Lowe said that the case for slower pace of hikes is growing, and that will be dependent on the upcoming data.
The recent breakdown of the ascending channel formed in July 2022 by the 10-year yield spread between Australian ( AU10Y ) and Canadian government bonds ( CA10Y ) suggests that markets now expect interest rates to rise relatively more rapidly in Canada than in Australia.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
DeGRAM | AUDCAD divergenceAUDCAD is testing support level.
Price action created a double bottom with divergence.
The market reached a lower border of the descending channel.
We expect a bounce-off from the support level.
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AUD/CAD Made H&S Pattern , Short Setup After D Closure This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCAD is awaiting breakdown!AUDCAD (D) long-term bearish market, currently the price has formed a head & shoulder which has broken to the downside with long rejection from the top with a Doji. It is a high probability that the price will continue to drop as the bulls are completely exhausted by creating a series of lower highs. Upon retest of the neckline of the head & shoulder on the lower timeframe, we could see a drop on AUDCAD to the support level.
AUDCAD chart setup The chart analysis is self-explanatory.
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Trade with good risk management because
the market trend can change so fast. Analysis
is based on recent data and valid if the market
holds the same opinion.
Disclaimer: This is not a financial advise but the
author's idea.
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DeGRAM | AUDCAD target for longAUDCAD moved out of the ascending channel.
Price action is testing the support level.
We expect a test of the resistance level since the overall trend is bullish.
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AUDCAD is preparing for a drop!AUDCAD (4H) long-term down trending market. Price currently has opened with a big weekend gap. It is a high probability that the price will drop as the long-term trend is down and price action supports a possible drop.
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AUDCAD SHORT - BIG SELL OFF!Waiting for a 2nd test of 0.9187 to short AUDCAD back down to 4H swing lows at 0.88782
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AUDCAD - 240 MINS CHARTThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in 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.
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.
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AUDCAD possible short for 0.8920market making lower high and then fall mean each high did not breach previous high. 15th August formed inside bar range confined within the previous bar range. supply zone for short 0.9055-80. stop loss above inside bar high i.e 0.9115. target: 0.8920
AUDCAD BUY- 70+ pips?
Once again with my favourite strategy, we have spotted a potential appreciation of AUDCAD:
• 3 MA's cross inside the bullish candlestick .
• RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch.
• All while the Ichimoku convergence line crosses the base line during that candlestick .
• Additionally, negative MACD decreasing, looking like it is reversing, with the fast EMA drifting away from the slow EMA .
• Only factor that does not go in our favour here is the fact that we are opening a long under the ichimoku cloud.
We could expect AUDCAD to appreciate over the next 7-8 hours.
My entry: 0.89744
TP1: 0.9010
TP2: 0.9045
SL: 0.8918
This is my view, do share your insights!
AUDCAD BUY ANALYSISLooking at AUDCAD on 30M timeframe
Currently looking for long/buy position
We currently waiting for signals of reversal whereby we will then execute the trade
AUDCAD Long Setup with 1:2 R:R RatioIt can be a QM pattern so you have 2 entry point, take profit area in the strongest 1D resistance.
AUDCAD - BACK DOWN TO WEEKLY LOWS!Waiting for a pullback into 0.89851 or into 0.92047 to short AUDCAD back down to Swing lows at 0.87327 with the 1st target being at 0.88880.
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DeGRAM | AUDCAD double bottomAUDCAD pulled back to the resistance zone that was tested multiple times before.
Price action formed a double bottom, indicating that bears could not push the price further down.
We expect the market to pullback to resistance levels.
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audcad shortDear friends,audcad in the 4-hour time frame, the upward dynamic trend line has been broken and after the pullback, it will hit the following targets. Also, the divergence is evident here. tp=0.88900 If you like my analysis, be sure to like and follow me
AUDCAD Bullish PotentialHello Traders
Audcad trading on horizontal support and rising trend line if bulls sustain on this level bullish trend can continue if bear break this level bearish trend can begin
AUD/CAD Multi-Timeframe & Order Flow AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
AUDCAD trade idea (TUE - 16/08) : SELLFollowing on with previous trends, AUDCAD stays bearish, looking for a return to the discount zone, as it has broken numerous times downwards.
With an RR of 4 please enter at your own discretion.
AUD/CAD First 2 Entries Fully Closed,Total+900 Pips Now, UpdatedThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCADIn AUDCAD after market test its strong resistance trendline at 0.91059 price drop to 0.90930 after the market open if price break market structure 0.90830 than you go for short position and exit on the coming support which i draw in the charts. if price come back and push to upside than wait for the trendline resistance again test if you see again some strong bearish candles than you go short with very good R:R.
ENTRY SHORT 0.90808 AND 2ND 0.91049
TAKE PROFIT 0.90561
TAKE PROFIT 0.9030
STOP LOSS 0.91171
