Audcadsetup
AUDCAD Next Possible Move#AUDCAD ( Australian Dollar / Canadian Dollar )
- ELLIOT WAVES - Completed the " 1234 " Impulsive Wave and Making " 5th " Corrective Wave
- Rejection from Fibonacci Level - 38.20 %
- Selling Divergence
- Rejecting Bullish Movements from Demand Zone in a Corrective Pattern " Bullish Channel "
AUDCAD - Long from support ✅Hello traders!
‼️ This is my analysis on AUDCAD.
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue bullish price action after rejecting from support + institutional big figure.
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AUDCAD Next Possible Move#AUDCAD ( Australian Dollar / Canadian Dollar )
- Rectangle Pattern in Long Time Frame #LTF and Breakout the Upper Trend Line #UTL and Retested at the Demand Zone
- Buying Divergence
- Impulse Correction
- Break Of Structure
- Following Falling Wedge in Short Time Frame #STF and Breakout the Trend Line and Completed the Retest
AUDCAD - Expect the retracement ✅Hello traders!
‼️ This is my analysis on AUDCAD .
Here we are in a bearish market structure, but we can see that price rejected perfectly from institutional big figure 0.86000, so I expect a retracement till the resistance level.
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AUD/CAD Giving Great Bullish Signals, Long Setup After D ClosureThis 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.
AUD/CAD Full Analysis , Best 3 Places To Can Sell This Pair 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 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUD/CAD Finally Closed Below Strong Supp , Sell With Retest ?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.
AUD/CAD Finally Closed Above C.T.L . Time To Buy This Pair ?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 and NZDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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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