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Audcadsetup

AUDCAD is going to bearish trendIn the 1-hour time frame, we've observed a significant bearish divergence, which is a clear indication of potential downside pressure. This divergence, combined with the double top formation, suggests that bearish sentiment currently outweighs bullish sentiment. Bearish Divergence: The bearish divergence occurs when the price makes higher highs while the relevant technical indicator, such as the Relative Strength Index (RSI), makes lower highs. This divergence often signals a weakening bullish trend and potential reversal. While these indicators point towards a potential bearish outlook, it's crucial to keep in mind that market dynamics can change quickly. Traders and investors should exercise caution and consider various factors before making any trading decisions. Please stay tuned and follow for more intriguing market insights and trade ideas.
by AshrafAliFX
A Clear Potential Selling Opportunity Sell Description: Pair: AUDCAD SL: 20 - 30 pips TP: 80-100 pips We have identified a potential selling opportunity in pair. The price has shown signs of bearish momentum and is currently trading below key resistance levels. Our entry point for this trade is is Shown in Picture, with a stop loss (SL) set at . This provides a risk-reward ratio of approximately 1:3,4 ensuring a favorable risk management strategy. Our take profit (TP) target is set at mentioned Area on the chart, aiming for a potential gain of 80 to 100 pips. This level aligns with previous support and offers a high probability of price reversal or further downward movement.Please note that trading involves risks, and it is essential to manage your positions carefully. Always adjust your position size according to your risk tolerance and ensure you have a clear understanding of the market conditions before entering any trades.
Short
by Fx_tradertareen
AUDCAD Long Term BUYING Trading IdeaHello Traders In This Chart AUDCAD DAILY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity on AUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
AUDCAD Technical Analysis and Trade IdeaAnalyzing the AUDCAD currency pair, we observe a bearish shift in market structure evident on both the 4-hour (4H) and daily (1D) charts, characterized by a substantial downward movement. My focus lies on identifying a potential trade opportunity during the retracement phase, capitalising on the imbalances evident within the chart. I encourage you to watch the video for a detailed explanation, but please be mindful that the information provided is for educational purposes and should not be construed as financial advice or recommendations for trading decisions.
Short
by fxtraderanthony
2
AUDCAD Long Term BUYING Trading IdeaHello Traders In This Chart AUDCAD DAILY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity on AUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
1
AUD CAD LONGRIsky Trade which is against the trend. Risk 0.5% TP1 = 1:5 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Long
by TheBlackCapitol_
AUDCAD - Short active ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance and rejected from 1H bearish order block + institutional mid figure 0.89500. Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
AUDCAD Short Bearish gets strongerAustralia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends. AUD has been hurt by a mix of factors recently: a setback in risk sentiment amid the lack of meaningful progress in Washington over raising the debt limit, a trimming back of rate cut expectations after hawkish speak from US Federal Reserve officials, and underwhelming Australia data (jobs data being the most recent). This puts increased focus on Australia retail sales data for April due Friday – forecast to have slowed to 0.1% on-month from 0.4% previously.A below-expected print could precipitate a decline in AUD. Also, a higher-than-expected US core PCE price index print (expected to remain flat at 4.6% on-year) could boost USD. AUD/CAD’s fall below a horizontal trendline from April at about 0.8950 has triggered a minor double top (the April and the May highs), potentially exposing downside risks toward 0.8800. The bearish development follows a failure to cross above stiff resistance on the 89-day moving average (see the daily chart).
Short
by DaveBrascoFX