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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUD/CAD Analysis: Elliott Wave and Fibonacci ProjectionsElliott Wave Structure: The price appears to be completing a 5-wave corrective structure, with wave (5) targeting the 1.618 extension of the previous wave (approximately 0.8769). This indicates a continuation of the bearish trend until wave (5) concludes. Fibonacci Levels: Key retracement zones between 0.9043 (61.8%), 0.9014 (50%), and 0.8985 (38.2%) have acted as resistance, reinforcing the bearish momentum. The Fibonacci extensions of wave (3) provide a clear projection for the next leg lower. Bearish Momentum: A descending trendline from previous highs and lower highs reflects strong seller dominance. Price action remains below the Ichimoku cloud, confirming bearish sentiment. Key Levels to Watch: Immediate Resistance: 0.9043 (61.8% Fibonacci retracement). Projected Support: 0.8769 (1.618 Fibonacci extension of wave (5)). Conclusion: AUD/CAD is likely to continue its bearish trajectory, targeting the 0.8769 zone as wave (5) completes. Traders should monitor the key Fibonacci and Elliott Wave levels for potential reversal signals. 📢 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions. 🛑
Short
by Mcenzy
1
AUD/CAD "Aussie vs Canadian" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/CAD "Aussie vs Canadian" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 0.90400 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Based on the fundamental analysis, I would conclude that the AUD/CAD (Australian Dollar/Canadian Dollar) pair is: Bullish Reasons: Interest rate differential: The Reserve Bank of Australia's (RBA) interest rate (2.85%) is higher than the Bank of Canada's (BoC) interest rate (2.50%), making the AUD more attractive to investors. Commodity prices: Australia is a major exporter of commodities such as iron ore, coal, and gold, which are in high demand due to the ongoing global economic growth. This is expected to support the AUD. Economic growth: Australia's economy is expected to grow at a faster pace than Canada's, driven by the strong labor market and increasing business investment. Trade balance: Australia's trade balance is expected to remain in surplus, driven by the strong demand for its commodities, which is expected to support the AUD. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth could reduce demand for commodities and negatively impact the AUD. Canadian economic growth: Canada's economy is expected to grow at a slower pace than Australia's, but it is still expected to be driven by the strong labor market and increasing business investment. Oil prices: Canada is a major oil exporter, and a decline in oil prices could negatively impact the CAD. Bullish Scenario: Interest rate differential and commodity prices support the AUD Economic growth and trade balance support the AUD Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
AUDCAD IN A SELL TRADE ATM BOTH PAIRS ARE AUCTION Week 1AUDCAD Sell Trade (Week 1) I entered a sell trade on Friday based on the following criteria: Unmitigated supply zone: A previously untested area of supply where sellers are likely to regain control. Change of Character (CHOCH): A confirmed shift from a bullish to bearish structure, signaling a potential reversal. Price is going against me but my SL zone is still at the ATR level. Fundamental Context Both AUD and CAD are currently in an auction phase, meaning price action shows indecision, with opportunities for both buy and sell trades. In this type of market, I remain flexible and open to adapting my bias as the structure evolves.
Short
by debo4samuel
AUD/CAD: Price Testing Weekly Support – Await ConfirmationWelcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
Possible scenarios for AUDCADas can be seen on the chart the price has tried multiple times to break the resistance labeled as R1 but failed but still, it looks like there is bullish momentum and to benefit from that we have 2 choices first put a buy-stop order on the R1 and place the stop loss of 0.89549 but it is a bit risky for more confirmation of bullish trend it has to retest the R1 after breaking it and then to trade which is our 2nd choice if it goes in our way the next possible stop for the price is R2 which has also been marked
Long
by faisal-101
AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis Trend Analysis: The AUD/CAD pair is currently in a downtrend on the 4-hour (4H) timeframe. The price broke below the minor key support at 0.8990, which has now become a minor key resistance level. After this breakout, the price retraced into this key resistance zone, where sellers stepped in, pushing the price lower. Subsequently, the price broke below the next key support at 0.8930, confirming the downward pressure. However, after this, the price made an upward move, triggering stop-loss orders from sellers. This price movement is likely to create liquidity that will be hunted as the market prepares for another potential downside move. Price Action Expectation: We are anticipating a further downward move after the recent price action. The next key event will be a break below the current minor key support level. Once the price breaks below this support, we will be looking for a selling opportunity. Trade Setup: Trade Type: Sell Stop (Breakout below minor support) Entry Price: 0.89090 (below the minor key support level) Stop Loss: 0.89710 (above the liquidity zone where sellers were stopped out) Take Profit: 0.87650 (next minor key support level) Conclusion: The AUD/CAD pair is showing a clear downtrend, and we are waiting for a confirmed break below the current minor key support at 0.89090 to initiate a short position. The stop-loss will be placed above the liquidity zone at 0.89710, with a target at the next key support level at 0.87650. This setup offers a solid risk-to-reward ratio, but traders should remain vigilant of any potential price reversals or unexpected market news. Risk Management: Maintain proper position sizing with a favorable risk-to-reward ratio of at least 1:2. Always monitor market developments, especially news from Australia and Canada, which could influence the pair's movement.
Short
by RebornFXTrader
Analyzing AUDCAD Falling Wedge Breakout and 200+ Pips Target The forex pair AUDCAD is currently trading at 0.89700, with a target price of 0.91500, indicating an upward potential of 200+ pips. A falling wedge breakout has occurred, which is a bullish technical pattern that often signals a trend reversal or continuation of an uptrend. The breakout suggests buyers have taken control, pushing the price higher. The retesting phase has also been completed, confirming the breakout's validity and strengthening the bullish outlook. Traders often wait for retests as confirmation to enter trades with reduced risk. The target price aligns with the expected upward momentum post-breakout. With the breakout confirmed, buyers might find this setup attractive. Price action and momentum indicators should be monitored for sustained movement toward the target. Risk management is crucial, given forex volatility.
Long
by AndrewsMarket-Mastery
AUDCAD Wave Analysis 30 December 2024 - AUDCAD reversed from resistance level 0.8980 - Likely to fall to support level 0.8900 AUDCAD currency pair recently reversed down from the key resistance level 0.8980 (former support from the start of December) intersecting with the 38.2% Fibonacci correction of the downward impulse from last month. The downward reversal from the resistance level 0.8980 continues the active short-term impulse wave c of the ABC correction 2 from the end of September. AUDCAD currency pair can be expected to fall to the next support level 0.8900 (former support from August and the target price for the completion of the active wave 2).
Short
by FxProGlobal
Lingrid | AUDCAD divergence at the DEMAND zoneThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD recently made a bearish move by breaking out of the consolidation zone. The price has now reached a demand zone where it previously surged. Additionally, the price action has formed a descending channel along with a bullish divergence, indicating that the bears are losing momentum. On the daily timeframe, the market also showed a fake breakout at this level, highlighting its significance. I expect the market to bounce off the support level and retest the psychological level above. My goal is resistance zone around 0.9000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
4
AUD/CAD "Aussie-Canadian" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/CAD "Aussie-Canadian" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 0.90800 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰 Considering these factors, the AUD/CAD pair may experience a bullish trend in the short-term, driven by: Australia's relatively stronger economy. Canada's potential rate cuts in 2025. Weakening Canadian dollar due to decreased energy exports. However, this outlook is subject to change based on new economic data releases and shifts in global market sentiment. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader