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Audcadshort

AUDCAD - BEARISH BIASAUD - BEARISH 1️⃣ Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying tomorrow in a bid to boost Australia’s post-lockdown recovery. 2️⃣ China banned imports of Australian timber from Queensland over the weekend. CAD - BULLISH 1️⃣ Canadian economy grew by 1.2% over a month earlier in August, marking the fourth consecutive expansion and beating market forecasts of a 0.9% gain. 2️⃣ Risk-on market sentiment. ===== TECHNICAL ===== - We would like to sell this pair on SBR level + SMA50 area on H1 chart.
Short
by MonsunAsia
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller of the rallies as I feel that the market is trading a blue wave at the moment and therefore and change of view no matter how big or small, will cause a risk off mood and this trade should come into play. I have opened a short at 0.9360, SL 0.940 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway
AUDCAD ON A GREAT BUT RISKY ZONEAUDCAD The price its at an important zone right, if you look at the weekly chart you’ll see that the price has respected this zone before at the same time of the year on a few years back and it was also consolidated there back in June 2020, so because of this we can expect anything from this pair but im hoping for the price to continue its movement on the down side and reach the targets. If the price respects the zone and uses it as a floor then we will be looking for buys, until then let’s wait for the retest of the zone as a ceiling before taking an entry. . . . . . El precio esta en una importante en este momento, si nos vamos a ver la gráfica en una temporalidad mayor como la semanal o mensual podemos ver que el precio ha respetado esta zona en el pasado en este mismo tiempo del año de hecho el precio estuvo consolidado en esta zona tambien en Junio 2020, es por esto que podemos esperar cualquier cosa de este par al estar cerca de esta zona, pero yo espero que el precio siga su movimiento a la baja y logre tocar los targets. Si el precio llegase a respetar la zona como un piso entonces ahi estaríamos esperando compras; hasta entonces sigo esperando el precio respete la zona como un techo y siga bajando, pero primero esperemos su retesteo antes de buscar cualquier entrada.
Short
by anaju17
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9409 and the downward trend line just above that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support yesterday and have since bounced. I remain a seller of the rally's. I have opened a short at 0.9380, SL 0.9420 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway
3
AUDCAD, daily tf, double top pattern to materializeHello my friends, Today i got a nice setup fo AUDCAD pairs. Before i start my analysis i am gonna review some of my trading positions that i shared with everyone here. Yesterday was a great day that so many positions hit take profit and i banked some decent profit. In total it was +18% profit and it consists of: 1st is GBPJPY pairs for +120 pips banking +4% profit 2nd is XAUUSD pairs for +300 pips banking +6% profit This setup take some times to materialize but it was worth the wait. 3rd is CADJPY pairs for +125 pips banking +10% profit This trade stop loss was only 25pips as we get into it at a very good position. I closed my position at 78.50 as it has already gave decent profit I am planning on selling it again once i got some retracement on this pair. 4th is EURAUD pairs which take my stop loss for -70 pips yielding -2% loss This trade take my stop loss before going in favor with my direction. After taking my stop loss, i managed to jump into it once again and now it is going in my favor again. As you can see, there is no way we could get 100% right all the time but if we managed the risk properly we will get positive results. This par made an obvious double top pattern and price already broken below the neckline/support zone. This upwards movement is a retest of broken neckline in my opinion. This is a textbook trade so we don't need to analyze it in a complicated way and just keep it simple. The measured objective of this pattern is 230 pips to the downside and it is not completed yet. So we will sell it again to see if this objective gonna be completed or not. Sell AUDCAD 0.9400 Stop loss at 0.9450 Take profit 0.9200 RR ratio 1 : 4 (4R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
2
Rejected Off the Resistance for AUDCAD!!!From our previous analysis, we managed to secure the BULLISH movement 0.9405 resistance level where we were planning to look out for a rejection or a break out. As of now, We managed to see a clean rejection and I will be looking to see price movement heading towards a strong support level. However, what we currently see is a short retest movement to a weak resistance at 0.9390. We should see a fall soon for this pair. Do keep a look out will be a good BEARISH trade to support!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
AUDCAD DISTRIBUTION, BREAK/RETEST AND PREPARATION FOR DECLINEAfter a 6 months advancement, AUDCAD might be brewing a decline. We see a distribution after the advancement, followed by a break of distribution range support, signaling end to distribution. Now price is back for a retest of support now turned resistance and the presence of 200MA at that same support turned resistance area further suggests possible additional strength that will hold price from going up. If however price happens to push back into the range, we can expect distribution to continue for a short while. If resistance holds and price reverses, we might be on time to catch the start of a new trend to the downside, and Christmas would come early for trend followers. Cheers!
Short
by Chinedumnweke
AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low. Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4. Please feel free to leave a comment and like if you agree
Short
by OwlswiftFX
AUD/CAD New Analysis And 2 Setups Are Available AUD/CAD New Analysis And 2 Setups Are Available 1- A Buy Trade To Our Sell Zone 2- A Sell Trade To 0.92000 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
by FX_Elite_Club