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AUDCAD trade ideas

Lingrid | AUDCAD Choppy Market. Potential SHORT from RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD is currently moving sideways, indicating a choppy market. On the weekly timeframe, the last candle is a large doji, which signifies indecision in the market. Currently, the price is pulling back towards the resistance zone at 0.91000, following a bearish impulse leg. I think there is a likelihood that the price will bounce off both the psychological level and the upward trendline. It’s possible that the market might briefly push above the range zone to take liquidity before moving lower to retest the bottom of the range. My goal is support zone around 0.90100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support. Pivot: 0.90737 1st Support: 0.90129 1st Resistance: 0.91297 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
NICE FVG he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025. The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since April 2020 at 1.4244. For the week, the currency was down 0.5%, its third straight weekly decline. Recent reports that Canada was considering tit-for-tat retaliatory tariffs if U.S. President-elect Donald Trump carries out his threat to tax Canadian imports have given traders another reason to bet against the loonie, said Amo Sahota, director at Klarity FX in San Francisco. "It could be a long wait until the U.S. presidential inauguration to see how determined Trump is to begin his second term with a full trade war," Sahota said.
by EZIO-FX
AUDCAD 3H ShortThe price has broken below the Ichimoku cloud following a period of consolidation, signaling a confirmed downside move. Currently, it is trading near the retest levels of the Tenkan-sen, Kijun-sen, and the cloud. A short position will be initiated during the Tenkan-sen and Kijun-sen crossover, or after a successful retest.The trade is structured with a minimum risk-reward ratio (RRR) of 1:2, setting the stop-loss above the Kijun-sen at the time of the crossover and above the Ichimoku cloud for added safety.
Short
by ALRDNMRSKY
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position. Technical Outlook: Pattern: Trendline Breakout & Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the trendline breakout level, confirming with bullish price action signals. Traders should look for additional confirmation such as continued bullish candlesticks or supportive indicators like RSI and MACD trending upwards. Place stop-loss orders below the breakout level to manage risk, and target higher resistance zones for potential profit.
Long
by PIPSFIGHTER
AUDCAD Buy signal at the bottom of the Channel Up.The AUDCAD pair has been trading within a Channel Up pattern since the September 27 2023 Low and at the moment it is in the process of forming a new Higher Low. All previous Higher Lows were formed one the 1D RSI almost touched the 30.00 oversold barrier. Right now it is a little more than 5.0 points away from it, so buying starts getting highly favorable on the current levels. In any case, a break above the 1D MA50 (blue trend-line) would confirm the start of the new Bullish Leg and if it follows the previous sequence, it should peak above the -0.5 Fibonacci extension. As a result, our 0.95000 Target is more than valid for the medium-term. ------------------------------------------------------------------------------- ** 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
Lingrid | AUDCAD trend CONTINUATION tradeThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD made a significant nosedive, breaking through a support level that had been respected multiple times in the past. This support level has now transformed into a resistance zone or swap zone. The price has since bounced off the support level at 0.9000, presenting an opportunity to short the market in anticipation of a continuation of the bearish trend. On the daily timeframe, the market is making lower lows, indicating a downward trend. If the price rejects the swap zone, I expect it to move to even lower levels. My goal is support zone around 0.90250 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3