Audcadsignal
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.
DeGRAM | AUDCAD target for shortAUDCAD is trading in a descending channel.
Price action is likely to test the upper border of the descending channel.
We expect to move down from the resistance if price tests it.
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DeGRAM | AUDCAD target for shortAUDCAD is trading in a descending channel.
The market broke and closed below the support, which became resistance at 0.88500.
Price action is likely to test the support level.
We expect to test the lower border of the channel
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DeGRAM | AUDCAD target for shortAUDCAD is trading in an ascending channel.
The market broke and closed below the support, which became resistance.
Price action is likely to test the support level.
We expect to test bearish moves.
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⭕️SELL AUDCAD at the best place and time 😉 ❗️🔰You can see the analysis of the Australian dollar to the Canadian dollar in the 30-minute time frame (AUDCAD_ 30min)🔍💣
💥Taking into account the price drop from the SUPPLY zone, if the price returns to this zone (supply zone), we can expect the price drop to the upward trend line (black🖤 color)🔻If the black upward trend line🖤 is broken and then the price pullback❗ to it, we can expect another collapse of the price to the specified DEMAND zone🔻🔻🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
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__________📈TRADER STREET📉___________
DeGRAM | AUDCAD target for shortAUDCAD is retracing to the resistance zone after sell off.
Since the market is bearish , we look for selling opportunities.
We expect a bounce-off from the recent resistance level .
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DeGRAM | AUDCAD target for shortAUDCAD is currently moving in the descending channel.
Price action is retracing to the resistance zone after sell off.
Since the market is bearish, we look for selling opportunities.
We expect a bounce-off from the support level.
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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
DeGRAM | AUDCAD divergenceAUDCAD is testing support level.
Price action created a double bottom with divergence.
The market reached a lower border of the descending channel.
We expect a bounce-off from the support level.
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AUDCAD is awaiting breakdown!AUDCAD (D) long-term bearish market, currently the price has formed a head & shoulder which has broken to the downside with long rejection from the top with a Doji. It is a high probability that the price will continue to drop as the bulls are completely exhausted by creating a series of lower highs. Upon retest of the neckline of the head & shoulder on the lower timeframe, we could see a drop on AUDCAD to the support level.
DeGRAM | AUDCAD target for longAUDCAD moved out of the ascending channel.
Price action is testing the support level.
We expect a test of the resistance level since the overall trend is bullish.
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AUDCAD is preparing for a drop!AUDCAD (4H) long-term down trending market. Price currently has opened with a big weekend gap. It is a high probability that the price will drop as the long-term trend is down and price action supports a possible drop.
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AUD/CAD POSSIBLE TO BUY........
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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