Audcadforecast
AUDCAD FOR MORE BUYSFollowing the last update on this pair, we have seen more upside continuations.
Price is forming a higher low around 0.91600. We had the first bounce of the level, so if we get a second bounce and not crack below it, I'll be following longs to continue the hourly trend to the upside.
Uptrend, pullback/higher low formation, these confluences are key to taking our long positions on this one.
AUDCAD Multiple Opportunities
First approach is to confirm price rejection DOWN to Buy-zone.
Next approach is to confirm price rejection to UPSIDE Targets.
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AUDCAD | Good Sell Opportunity.When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCAD TO CONTINUE THE UPTREND?We have seen this pair switch from a downtrend to an uptrend with higher highs and higher lows visibly coming into play.
Momentum has aided price to break above the key level at 0.91200.
Now, we could see more upside here as new highs and lows can now be formed.
I'll be positioning longs on the lower time frames with momentum.
Looks bullish..Hi Traders,
AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary.
Keep this one on your watch list
Follow your trading plan!
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AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD
AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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AUD/CAD: Market balanced since a while!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the AUD/CAD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market is still trending to the downside, currently moving inside a fair value area with sellers still slightly in control.
As you can see on the chart, an intraday bearish impulse pushed the price down, breaking a local key level and is currently retesting the lower value of its area, closed to an interesting demand zone, level of price where the market could find buyers pressure ready to step into the market.
When, where and why would I step into the market?
Usually, big fair value areas like this, are definitely tradable with a good strategy! However I wound not entering with any long position until the overall perspective will be bearish.
With a good demand, a possible rejection is expected and a movement from the lower value to the price control is most likely to happen.
The trading activity is quite balanced, and in this kind of scenario I would definitely be waiting for the price to reach the top of the value area and then eventually planning a short position to entry with the majority!
At the moment this trade idea is only a directional forecasting and no action will be taken!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose