Audcadforecast
AUD/CAD 1H Chart: Channel DownAUD/CAD 1H Chart: Channel Down
The Australian Dollar is losing value against the Canadian Dollar in a short-term descending channel that staretd to form after a 39-pip depreciation of the Aussie last week.
At the moment, the currency exchange rate is squeezed between the weekly S1 at 0.9941 and the monthly PP at 0.9930.
Nevertheless it is expected to resume the fall, as the breakout to the northern side most probably will be neturalized by the 55-, 100- and 200-hour SMAs.
The souther side, in turn, lacks any barriers up until the weekly S2, which is located at the 0.9901 level.
AUD/CAD showing exhaustion, trend reversal, long entryHi guys,
A typical pattern appeared again: The Australian Dollar is showing exhausting and a possible trend reversal is on the way.
A double bottom appeared with an RSI divergence. I will wait until the candles break the 20 SMA and close above it in order to enter.
This analyzis has been done on the 4H chart.
Thank you for reading :)
Ray
Demand zone in AUDCADEntry 0.99192
Stop loss 0.98592
You could enter a bit earlier since in both cases price didn't reach all the way there, so maybe enter at 0.995 if risk-averse and don't want to miss your chance.
Go Long on AUDCAD Longterm Based on 1H, 4H + 1D ChartsSorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon.
30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over.
Price broke out of the short term bearish downtrend above the trend line and heading towards first TP @ 1.01018.
Looks like price will pull back to a previous support and I'm hoping for a bounce from around 1.00668 making a good entry for anyone looking to jump in on this trade.
Have moved Stop Loss up to now 1.00094
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
AUDCAD QUICK 30 PIPS ! SELLYOU SEE THE CONFIRMATIONS THAT THIS PAIR GAVE SO WE CAN GO EASY AND MAKE A SMALL PROFIT TODAY AND LONG TERM ALSO
Aud Cad, a potential breakout patternI believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favourable trade setups and plans.
Sneaky completion 240 Analysis AUDCADCypher completed under my nose in the first half of the last 60 minutes. Thank the market wizards for entry orders, lol. There could be a retest or even a break below with such a sporadic move. If you get involved remain aware of price action nearest term.
AUDCAD Bullish Wedge (Perfect buy setup!)AudCad is forming a classical bullish wedge on the daily time frame. Besides that its also about the bounce of the lower range. At this stage AudCad looks like a beautifull buy opportunity. When looking at other Cad pairs you can still see that the Cad is a weak currency. Judging by this setup AudCad will soon follow the other cad pairs.
Take profit: 1.0289 > 1.0331
Stop-loss: 1.0010
Long AUDCAD - Until Oil starts to pick back up:Oil has taken a beating recently, so the CAD has suffered a tad.
I am long AUDCAD until oil starts to make a recover (seems like it wants to starting now, make no mistake oil WILL come up again, it's just a matter of when) - So I am long AUDCAD until oil starts to turn around. Target 1.017 - Stop Loss - 1.01
AUDCAD H&S AnalysisCAD bulls are still working to break below the neckline. A retest of the right shoulder is appropriate not necessary.
DOWNTREND IN AUDCAD - 4H CHARTHey Guys,
We may have Blue or Red:
Blue: More downtrend.
Red: One more up and then have an ABC correction to sell.
Watch for these moves!
-
Hola Chicos,
Tendremos camino Azul o Rojo:
Azul: Continuación de la tendencia.
Rojo: Un movimiento más arriba para hacer una corrección ABC y después caer.
Estad al tanto!
Carlos
AUDCAD D TECHNICAL ANALYSISFIRST LONG & LATER SHORT.
80 PIPS UP & 100 PIPS DOWN.
We buy this pair at current level and book profits +80. Once the price reached 1.0350, we sell it and book profit @ 1.0150
We will share further analysis on lower time frame charts to elaborate the idea.
AUDCAD a possible AB=CD trade!As you see guys, looks like AUDCAD making an AB=CD that may complete at major resistance zone. Looking for a possible down move at that level.
