AUDCAD Hey traders, today we are monitoring AUDCAD for a selling opportunity around 0.9185 zone, once we will receive any bearish confirmation the trade will be executed.
Trade Safe, Joe.
Audcadshort
AUDCAD | Sell on Strength AUDCAD is making LH and LH .. one should look to sell it on strength
Trade Plan
Sell Level 1 0.92280
Sell Level 2 0.92475
Stoploss 0.92580
TP1 0.91870
TP2 1.91570
AUDCAD ShortPrice broke structure, came back to retest and shown very good rejection, I’m in 1% Risked
AUDCAD AnalysisAUDCAD daily current leg is unclear but the swing and the intraday time frame is on a good short side
AUD/CAD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ACTIVE..Welcome back Traders, Investors, and Community!
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AUDCAD | BEARS ENTER? Trade Plan
Sell Level 1 0.92900
Sell Level 2 0.93050
Stoploss 0.93150
Target Price 1 0.92750
Target Price 2 0.92550
Tell us in comment what do you think of?
audcad om looking for shorts after the retracementnow the market price is just started taking retracement after the retracement the market is exepcted to go down and broke the structure
AUDCAD for short from 0.929AUDCAD for short from 0.929
t.p1 0.926
t.p2 0.92
tp.3 0.914
s.l
close 2 4h candel above 0.934
AUDCAD looks bearish1. HTF: Broke above a downward trend, retesting support but could not break it. We are the HTF Support Zone also marked on the chart
2. LTF: We are currently on the SUPPLY ZONE, we should have a sell outlook
SELL AUD/CADThe bearish Crab harmonic pattern is completed, so by the divergences we can sell when the trendline is broke down.
AUD/CAD:DOWNTREND|FLAT MARKET| SHORT SETUP 🔔The Bank of Canada is holding its monetary policy meeting next week, and inflation indicators support the hawkish attitude of the central bank. Recall that markets are now pricing in a rate hike in April.
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AUDCADBullish Indicators:
Support zone at 0.90940
Bearish Indicators:
Resistance zone at 0.92023 Fib level 38.20%
Plan A: One can take long position on the breaking of resistance zone at 0.92023 for the target of 0.92689 and 0.93163.
Plan B: On the breaking of support zone at 0.90940 one can take short position for the target of 0.90658.
Wait for a buying opportunity with AUDCADH4 time frame.
Structure: Downtrend.
After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared.
Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities.
The profit target is the 0.92700 zone.
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Wish you all have a good trading day!
AUDCADBullish Indicators:
1) Double bottom
2) Support at 0.91131
Bearish Indicators:
1) LL LH
2) Downward Trend
3) Descending upper trendline
4) Resistance at 0.91752 Fib level 23.30%
Plan A: One can take long position on the breaking of descending upper trendline for the target of 0.92290.
Plan B: On the breaking of support level 0.91131 one can take short position for the target of 0.90658.
AUD/CAD: Price continue to falling like predict..waiting target.Welcome back Traders, Investors, and Community!
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MM's Daily Technical Analysis -- SHORT AUDCADHi traders,
Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future.
It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89.
My own trading system CLAM has also given a short signal thus a trading idea has now been established to go short on AUDCAD.
OP: 0.91275 SL: 0.92025 TP:0.89200, trade is now alive.
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l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.
$AUDCAD Short term trade analysisThe trade is on a long-term short.
weekly resistance at 0.91200. Buyers might enter the market strongly in that zone.
AUD/CAD Analysis, Bear Claw is in Hello everyone, as we all know the market action discounts everything :)
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The AUD/CAD has started what seems to be a Bearish movement back in September and it doesn't look it's going to stop any time soon.
The pair is had a small push-up 2 days ago that let people think that the market is stabilizing but today's session started Bearish with a 0.5% drop already.
Technical Analysis with possible Scenarios for the market :
Scenario 1 :
It seems like the market broke the first support line located at 0.91760 today, And the Bears are in control over the market right now and they will increase what power they have to drop the market even more.
The first stop will be the support line at 0.91560 where they might have a small push back from the Bulls but most likely the victory will be on the Bears side, Which will lead to a further drop that will reach the 0.91000 zone
Scenario 2 :
The Bulls are trying to gain control over the market but so far with no luck, If they were able to gain some control it will probably push the price to the first resistance line located at 0.91970 where a big battle will happen and the Bears will go in to take control over the market and continue this Bearish movement, The first stop after this happens will be the second support at 0.91560 and then the 0.91000 zone
Technical indicators show :
1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish Sign)
2) The ADX is at 16.11 showing that the market is not trending much right now and that it's having a Negative crossover between DI+ and DI-
3) The RSI is at 39.16 Showing Weakness in the market, with no divergence found between the indicator and the market
Daily Support & Resistance points :
support Resistance
1) 0.9176 1) 0.9197
2) 0.9166 2) 0.9206
3) 0.9156 3) 0.9217
Weekly Support & Resistance points :
support Resistance
1) 0.9139 1) 0.9218
2) 0.9100 2) 0.9258
3) 0.9060 3) 0.9297
Fundamental point of view :
The Australian Current Account Balance for the fourth quarter was reported at A$14.5B. Economists predicted a figure of A$13.1B. Forex traders can compare this to the Australian Current Account Balance for the third quarter, reported at A$10.0B. Australian Net Exports of GDP for the fourth quarter decreased by 0.1% quarterly. Economists predicted a decrease of 0.3% quarterly. Forex traders can compare this to Australian Net Exports of GDP for the third quarter, which decreased by 1.9% quarterly.
The Canadian GDP for December is predicted to increase by 0.3% monthly and for the fourth quarter by 7.5% annualized. Forex traders can compare this to the Canadian GDP for November, which increased by 0.7% monthly, and to third-quarter GDP, which increased by 40.5% annualized.
The forecast for the AUD/CAD remains bearish after price action failed to sustain its upward movement towards the psychological resistance level of 1.0000. According to Paxforex
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
AUDCADAUDCAD is currently taking support on daily and had broken the bearish trendline earlier. The pair can potentially move upward from here and test the resistance area of 0.93700 and then move upwards from there. Contrarily breaking of daily support of 0.91150 will make the pair bearish again.
AUD/CADOUICK 1:5 RISK/REWARD
I targeted this trade quickly just a test for myself
Take trade if you think its plausible
simple short day tradeIf you missed it, you can enter later if any chance it bounce back up, but definitely not jump in and regret
Entry: 0.91662
TP: 0.915
SL: above 4H sell zone, mine is at 0.9171 tight SL but this is a scalp trade, so RR is more important - adjust it higher if you want higher protection
TP: 0.915; if you hold, you can target 0.91213 and lower
GL
AUDCAD Setting Up for a 1,000 Pip Move?Hey hey.
My name is Kaci.
In this video, I complete a top down analysis of AUDCAD.
I take a bird's eye view of the longer term move in the market.
In this video, I use fibonacci retracement and extension tool to help me determine my bias.
Right now, I believe we are in a down retracement and price on the weekly has not hit one of our key levels, 38.2, 50. or 61.8.
However, price has hit an extension to the downside off of a shallow retracement.
I believe we may see a short term move to the upside before a longer term move to the downside.
What's your bias on this pair?
AUDCAD Short SetupLong term sell setup.
I have a video posted in my published ideas that may provide more insight into my analysis.
