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AUDCAD Buy signal on 1D Golden Cross.The AUDCAD pair is trading within a Channel Up pattern that has currently been rejected twice on Resistance 1 (0.905500). With the 1D MA50 (blue trend-line) crossing today (or tomorrow the latest) above the 1D MA200 (orange trend-line) to complete a 1D Golden Cross, and the 1D MACD forming now a Bullish Cross, we have a strong case for a break-out above Resistance 1 this time. Once this takes place, we will buy and target 0.9200 as the new Higher High of the Channel Up. It will be a +3.76% rise from the recent Higher Low, which is roughly the % rise of the previous 2 bullish legs. Bonus material (past AUDCAD trade): ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDCAD Bullish signal emerged inside a 15 month Rectangle.USDCAD has hit the 0.236 Fibonacci level of the 15 month Rectangle pattern after a continuous decline since the November 1st High. This level has been a technical buy entry on 5 occassions. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.36350 (0.618 Fibonacci level). Tips: 1. The RSI (1d) has printed a Falling Support, which has been a bottom formation on April 13th and June 22nd. Please like, follow and comment!!
Long
by TradingBrokersView
USDCAD Potential DownsidesIn today's trading session, our primary focus is on USDCAD, where we are actively monitoring a potential selling opportunity around the 1.33900 zone. Currently entrenched in a downtrend, USDCAD demonstrates a sustained downward trajectory. Simultaneously, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 1.33900 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. Our strategic approach for today involves a meticulous assessment of optimal entry points within the identified 1.33900 zone. Aligning our trading decisions with the ongoing downtrend and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified selling opportunity within the broader context of USDCAD's current trend.
Short
by JoeChampion
EURCAD Sell signal on a confirmed break-out.The EURCAD pair broke below the 1D MA200 (orange trend-line) again after getting rejected on the 1D MA50 (blue trend-line), which establishes it as a Resistance. The long-term pattern is a Channel Down (blue) since the February 10 Low and the current (dotted) Channel Down is the Bearish Leg towards a new Lower Low. We are taking this bearish break-out signal for the 2nd phase of the Leg and will target Support 1 at 1.43300. The downtrend can extend as low as 1.42180 and -5.50% from the High (as on the June 08 Low) but best settle for an established Support. If the 1D MACD completes a Bullish Cross before the 1.43300 target is achieved, we will close the short regardless, as all MACD Bullish Crosses below the 0.00 mark in 2023 have initiated very strong rallies. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
In the realm of AUD/CAD intraday analysisGreetings fellow traders, The upcoming trajectory is set to follow the purple path based on the mid-term analysis. For intraday considerations, two potential setups emerge: A prospect at the bottom of the channel, though I advise caution. I am willing to take a quarter of the usual risk for this setup. Alternatively, the purple zone nested within the yellow zone could present a favorable opportunity for long trades. Best of luck in your trading endeavors! Take a look to mid-term analysis!
Long
by AliSignals
AUDCAD: Would Aussie_Loonie experience more bearish days? Hello traders, This is the Daily chart! Regarding the daily chart, the bullish move that began in late September appears to be a correction rather than a sustained trend. Introduction: This analysis delves into the AUD/CAD outlook, focusing on supply and demand dynamics across various timeframes. Keep an eye on potential market reactions to the China Manufacturing Purchasing Managers Index (PMI) release, as it could influence the Aussie. Technical Analysis: Bullish Move as a Correction: The recent bullish move from late September is seen as a correction on the daily chart. Trade Setup: Breaking Below 0.88965: Activation of the red path and a potential long-term bearish move is anticipated if the price breaks below 0.88965. Breaking Over 0.91000: A break above 0.91000 could open an opportunity for a long position, with 0.90550 as a potential suitable entry point. Fundamental Consideration: Keep an eye on the China Manufacturing Purchasing Managers Index (PMI) release, as it may have a slight impact on the Aussie. Adjust positions accordingly. Risk Management: Adjust position sizes based on risk tolerance and maintain a favorable risk-reward ratio. Be mindful of potential market volatility surrounding fundamental events.
by AliSignals
NZDCAD - 4H bullishLet’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm predicting another climb, targeting at least the previous high. Stay tuned to see how this plays out in the live market
Long
by Sober_Trading
2
USDCAD: Sharp sell towards the annual low.USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a perfect symmetry with the April 10th rejection point. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse. We're expecting NZD strength so we can assume that NZDCAD has bottomed out. Trade Idea: - Watch for BOS, trendline break or reversal pattern on lower timeframe - invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level - Targets: 0.85 (500pips), 0.88 (800pips) Goodluck and as always, trade safe!
by WicktatorFX
2