Audcadforecast
AUDCAD ideia-The ideia here is to wait for a pullback into the 50% fib area in the 1h candle (around 0.93070). At that point, we can enter in a long position with at takeprofit at 0.9415 and SL 0.92795.
-Since it will probabliy take a few hours, we can leave a buy limit around 0.93070
- For the more conservative people, you can wait for a confirmation candle.
(Analysing the 1d, 4h and 1h candle)
AUDCAD exhibits series of bearish signAUDCAD
Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000.
For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD managed to reach around 0.93500 level.
I am expecting AUDCAD will fall from 0.94000 level and will reach the 0.92000 area which is a key psychological level and lower trend line area
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AUDCAD LONG in the short termAUDCAD is position at price @ 0.9634 for a bull run . This is a short term analysis.
Overall, we should expect a pullback of price around @ 0.9642 and 0.9651 and if the price closes below @ 0.9651 then our move will be short to the downside with target price @ 0.9524 and @ 0.9516
I am bullish until the price reaches @ 0.9642
Good Luck Traders.
AUDCAD LONG PRICE ACTION FORECAST A rejection from the demand zone can give some bullish momentum to this pair. The price has not managed to break the current level forming a new high. We could expect the price to break above testing the previous support level (dotted blue line), and after a pullback, a long entry could be set to the pattern neck.
The order:
Type: buy-limit
S/L: 18 pips - R:R | 1:4 -
T/P: previous confluence level
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AUDCAD - Weekly - SELL; This is now a Long-term (heavy!!) SHORT.Check for the SHORT Entry then ride it down hard, like a rented mule!
📢 AUD/CAD Breaking down. Market structure is slowly hitting our requirements for a short set up. It's on the watchlist 👀... If you like the Analysis feel free to drop a like and leave comment, we are grateful for all the love out there 🤍
AUDCAD SELL ON DIPS !!!as we see this pair has made a cup shape on 30 min TF
and it had done a fake breakout on 4H TF
a strong resistance has tested and fail to break so we are selling on dip is for big rewards with a small risk
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AUDCAD Price Bouncing off Supportaudcad hold this support than it will move higher from here
let's wait for retest of this zone we will enter in this trade if bounce is good
AUD/CAD - retesting double top neckline before move lowerAUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way back down. Price closed below the neckline of this double top formation late last week, signalling a lower low. Today price is now retesting the neckline which we see as an excellent opportunity to enter short on this pair. Our price target will sit at the support level of 0.92371.
If price closes above the neckline on the daily time frame, this analysis will be invalidated.
AUDCAD / SHORTPrice has broken out of its daily trendline and is now going to retest
Waiting for a true pullback before shorting this pair
AUDCAD WAIT FOR A RETESTAUDCAD
The price seems to be consolidate right now and im hoping for the price to break my flag either on the upside or the downside. Let’s wait for a retest before any entry. So if the price breaks the flag and makes a retest on purple level then make an entry for a long position, otherwise wait for retest on the down level before making a sell.
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El precio parece estar consolidado en este momento y espero que el precio rompa la bandera dibujada ya sea a la alta o a la baja. Entonces esperemos que el precio rompa las lineas de tendencia y la zona morada y la retestee como piso para entrar en una compra y de no ser asi, espera a que el precio rompa la zona de abajo y la use como techo para entrar en una venta. Esperen una confirmación antes de hacer alguna entrada.
AUD/CAD Technical Analysis
The counter is currently trading around a strong resistance zone that triggered a sell-off previously.
According to the wave, it has now completed the ABC correction for the down move it made.
Further, the entire setup looks like a head and shoulder in the higher timeframes.
Hence, we expect the pair to move down from here.
AUD/CAD Channel trade ?A little weirder channel trade but it can be called that. you can definitely put a sell order at 0.96500, plus it has a very obvious M formation. But if it breaks through and closes above 0.96600 area, we go for a different strategy, or you long.
Short Position on AUDCAD 4HHello Traders!
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🚀Sell Execution according to the market.
AUDCAD LONG PRICE ACTION FORECAST The price action has found support from the ascending trendline, leading to an uptrend bias. Now, expecting a retest before bullish continuation is feasible to place a long entry at the confluence zone. The ascending trendline meets the supply zone and encounters the Fibonacci level 6.18 for the entry-level.
The order:
Type: buy-limit
S/L: 22 pips - R:R | 1:2.5 -
T/P: previous resistance level
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AUDCAD possible reversal at 0.618 price hit 0.618 fibs and holding above looks good here
need more volume and good bounce from this zone for trade
AUDCAD heading towards 52 week high AUDCAD
The recent risk rally helps the Aussie dollar to gain some strength against its counterpart Lonnie
From August 24 this pair is trading in uptrend and reached the current monthly high of 0.96511
The uncertainty in oil prices also weighing in CAD pairs and it's lose some gain against the strong risk proxy currency which is Aussie dollar
After completion of Elliott correction wave 03 which is a current monthly low- 0.94197 this pair went bullish
And trading above all the 50,100,200 Exponential moving average will further attract the buyers until 0.9700 which is a 52 week high and a major resistance zone And a supply zone
The current monthly high-0.96511 which is a third wave of Elliot principal
We can open suitable buy orders at 50% Fibonacci retracement level of third wave which is 0.95588. And a completion of fourth wave
Potential take profit will be 0.96964 which is the level expected to be a end of 5th Elliott wave
We have to see the bullish engulfing or rejection at 0.94600 level to buy this pair and descending channel got broken on August 26 which is a clear sign of bullish Trend
Positive risk appetite will make this pair as more bullish, Have a eye on corona vaccine development and a relationship between USA and China
Important key levels
Previous week low - 0.94661
Previous week high - 0.96511
Monthly high - 0.96511
Monthly low - 0.94611
52 week high - 0.96964
AUDCAD SHORT PRICE ACTION FORECAST The price action has been trading within a channel. Recently getting rejected by the resistance level is expected the price to turn into a bearish momentum towards the channel's support level.
The order:
Type: sell-limit
S/L: 30 pips - R:R | 1:3.5 -
T/P: support level
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