AUDCAD Technical Analysis and Trade IdeaIn this video, we analyze the AUDCAD currency pair, noting its bearish trend on the higher timeframe. Within the video, we delve into crucial elements of technical analysis, such as the trend, price action, and market structure. Furthermore, we explore a potential trade setup. Please remember that all information is thoroughly explained in the video, and this content should not be considered as financial advice.
Audcadshort
AUD/CAD Swing Idea on the 4HR TimeframeOn the 4HR Timeframe, price has seen a lot of volume as it energetically moved to the downside. In doing so price has left behind an imbalance and order block in the demand zone.
We can see TLL being stacked up as price has been returning to the AOI. Using Fibonacci i have drawn out the premium area of demand where i will be entering the position.
I caught this trade but unfortunately forgot to post it before being tagged in. None the less i hope this is of value.
Daily Wave Rider - AUDCAD - SELLAUDCAD
Channel: RED
WK Pivot: RED
AOB: WS1
CON: SBB
SELL Stop: 0.85838
Stop Loss: 0.86677
TP01: 0.84999
TP02: 0.83321
DWR present as a sell setup on 16 OCT, with Channel and Pivot are red bouncing off weekly support line
However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable
SPX500: SELL
DXY: SELL
OIL: SELL
GOLD: BUY
AUDCHFAUDCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 0.38% Fib retracement level.
If the sell momentum continues the next target could be 0.5770 followed by 0.5740 region.
What you guys think of this idea
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.
Daily Wave Rider - AUDUSD - SELLAUDUSD
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.63155
Stop Loss: 0.63778
TP01: 0.62532
TP02: 0.61286
DWR present as a sell setup on 6 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
AUDCAD-WEEKLY ANALYSIS-24/09/2023Traders, this week, we're focusing on the Australian Dollar/Canadian Dollar (AUD/CAD) pair, but be prepared for potential volatility as it can exhibit mixed movements. However, considering the market structure, we anticipate a significant upward movement to facilitate this, keep an eye on the 4-hour timeframe for favorable entry points.
After this upward move, it's possible that the pair will experience a subsequent drop. Be attentive to price action and market indicators to gauge when this shift might occur.
Stay vigilant, remain focused, and adapt your trading strategy accordingly. Ensure you stay updated with economic news and indicators that could impact the AUD/CAD pair. Always remember the importance of risk management and having a well-defined trading plan.
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
AUDCAD SHORT SETUPCONFLUENCE
1. Downward Trend.
2. Swing Low Break of Structure on 2H Timeframe.
3. Order Block highs is the Swing High.
4. Order Flow created a FVG/imbalance right beneath itself which is pulling back price to the spot for a "SHORT".
5. A Strong Sell Side Order Flow in 7bars of the 2H Timeframe.
Entry: 0.87050
SL: 0.87320
TP: 0.86350
Daily Wave Rider - AUDCAD - SELLAUDCAD
Channel: RED
WK Pivot: RED
AOB: WP
CON: EngB
SELL Stop: 0.86654
Stop Loss: 0.87157
TP01: 0.86151
DWR present as a sell setup on 18SEP, with Channel and Pivot are red bouncing of weekly pivot
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: BUY
Reference to our WK38 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
Daily Wave Rider - AUDCAD SELLAUDCAD
Channel: RED
WK Pivot: RED
AOB: WP
CON: SBB
SELL Stop: 0.86740
Stop Loss: 0.87410
TP01: 0.86070
DWR present as a sell setup on 18SEP, with Channel and Pivot are red bouncing off weekly pivot.
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: BUY
Reference to our WK38 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
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.
AUDCAD 11/09 MovePair : AUDCAD ( Australian Dollar / Canadian Dollar )
Description :
Completed Its Impulse and Correction and It can again make Impulsive move if Reject the Upper Trendline. Completed " 12345 " and " AB " Corrective Waves , Rejecting the Lower Lows / Lower Highs Trend with Strong Bullish Price Action
Daily Wave Rider - SELL AUDCADChannel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.8688
Stop Loss: 0.8760
TP01: 0.8616
TP02: 0.8588
DWR present as a sell setup on 11SEP, with Channel and Pivot are red bouncing off EMA10.
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: Up
DXY: Down
OIL: Up
GOLD: Up
Reference to our WK37 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD.
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
AUDCAD Long Term selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY 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