AUDCAD - Short TradeAUDCAD is in bearish trend.
No bullish divergence is formed.
Descending channel is also formed.
It indicates continuation of bearish trend.
AUDCAD trade ideas
AUD/CAD - Long This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis.
Please note the is a counter trend idea targeting the daily swing structure.
Higher Time Frame
Weekly - Structure on the weekly chart is bearish.
Daily - Structure on the daily chart is bearish.
Medium Timeframe
4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame.
Lowe Timeframe
1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher.
Hopefully the chart provides a better explanation. Any feedback is appreciated.
AUD/CADIt seems 0.89510 is an important Support and now Resistant that has been respected. Price is continuing bullish move towards this level.
It seems that price is coming back up to test the neck of previous Bearish Head & Shoulders which that is where Sellers came to actiion.
Just watch it on a lower time frame for any potential of reeversal back to bearish Primary move. look for any candle formationthat signals reversal to Bearish move.
AUD/CAD using TB-Synergy Strategy V6+Alerts 2.0 (Trade#1)We are documenting 30 trades in 30 days using the FTMO challenge 10K with its rules and only using my strategy 9-in-1 indicator to pass the challenge, the rules are on my website , we will be posting 1 trade per day in any good setup that we see using the top down analysis daily-4h-1h
we hope to show the usefulness of my strategy and indicator is and how accurate
AUDCAD - Short from bearish OB !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from bearish OB.
Fundamental news: Upcoming week on Thursday (GMT+2) we will see results of Unemployment Rate on AUD, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
AUDCAD Intraday trade 15/01/2025On the daily timeframe, #AUDCAD remains in a clear bearish trend, but as discussed earlier, the pair is currently in a pullback phase, forming a potential lower high.
At present, price is hovering around the 0.88966 level, which serves as a key area of interest for sellers.
Traders should be watching closely for signs of rejection or bearish confirmation at this level, which could present a solid selling opportunity in line with the prevailing trend.
Alternatively, if the pullback extends further, the next significant level to monitor is around 0.89667, where deeper retracement could offer another opportunity to enter short positions.
It's important to remain patient and allow price action to dictate the next move within this ongoing bearish structure.
Happy Trading
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89600 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89600 support and resistance area.
Trade safe, Joe.
Atlas - Market Update for Assets - Jan 14th 2025Atlas - Market Update for Assets - Jan 14th 2025
.
Let's take a look and see how the market is forming for our assets so far...
.
By: Noble.Mike.Jamison
AUD-CAD Bearish Bias! Sell!
Hello,Traders!
AUD-CAD is trading in a
Downtrend and the pair made
A retest and the pullback
From the horizontal resistance
Level of 0.8910 so we are
Bearish biased and
We will be expecting a
Further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
AUDCAD Will Go Lower! Short!
Here is our detailed technical review for AUDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.887.
Considering the today's price action, probabilities will be high to see a movement to 0.882.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
AUDCAD: Bearish Continuation SetupThe AUDCAD pair is trading within a descending channel, indicating a bearish market structure. The price has retraced into a key supply zone, which aligns with the channel's upper boundary and previous lower highs.
Because the price rejected at this zone, I anticipate a bearish move toward the 0.88300 level, which aligns with a key support zone on the higher time frames.
Retest of Support level to the downwards movementAs from my analysis we can see a Change of trend occurred and now we are in a down trend, lower low and support formed and our Support was broken and now is being retested meaning there's a high chance the market will respect the Old support and treat it as our New resistance and the price will continue down. Let's wait for a bearish candlestick to confirm that before we enter our sell
AUDCAD Intraday trade idea WC 13/01/2025AUDCAD continues to show bearish momentum on the daily timeframe, but the current level can be interpreted differently depending on how the trendline is drawn.
If the trendline has already been broken, the pair appears to be continuing downward after retesting the 0.88041 level during the Asian session. Alternatively, if the pair is still respecting the trendline, we may currently be at the bottom of the trendline, waiting for a pullback to create a lower high near the 0.89667 level before resuming the bearish trend.
Traders should closely monitor price action to confirm whether the trendline break is valid or if the pullback scenario will materialize.
guesss whos F*cking BackBack here we go
shorting my fav <3 Audcad, 15M ema with Fib correction with an overall downtrend on the higher timeframes ... eat
UPDATE - look at them rejection candles rejecting the 50MA oh my gosh
Idea on a chart The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt climbed.
The loonie was trading 0.1% lower at C$1.4403 to the greenback, or 69.43 U.S. cents, after trading in a range of 1.4392 to 1.4437.
Canadian government 10-year bond yields rose 8 basis points to 3.429%. The yield on similar U.S. government benchmark debt rose to 4.7674%.
U.S. February crude futures rose $2.99 to $76.91 a barrel on Friday.
The value of building permits in Canada fell -5.9% in November, Statistics Canada said.
AUDCAD WILL FALLAs we prepare for the weekend, I anticipate a rough opening during the next trading session, which will trigger the sell order(Support turned resistance).
I am bearish on this pair and hope to see this analysis play out!
What do you think? Please share with us thanks, and follow for more!!!!
AUDCAD spot outlookJust Moving average cross results pull back price and low of previous is stop loss
AUDCAD IS BEARISHAudcad, after breaking from a bearish order block, is expected to fall more before any bullish movement is possible.
I am bearish and a sell order has been triggered...
Like and follow for more!!
