Technical Analysis Fundamentally, the Technicals do not match the activity on the charts.
Today may be a day off.
ENJOY!
AUDCAD trade ideas
Fundamental Review of CurrenciesHello all,
Good morning and thank you again for joining us and interacting
here we are breaking down the fundamental power backing and lacking in each currency.
in our next video we will go further in to the charts to see if we have any opportunities.
strong currencies are
AUD
CAD
CHF
JPY
NZD
oil
Weak currencies are
EUR
GBP
USD*
AUDCADAUDCAD is just enter into the bearish trend.
Bearish divergence also shown in RSI.
First LH is also made.
Market sentiment is also bearish.
We wait and watch for the breakout of last LL.
AUD/CAD Ready To Go Down Hard , Here Is The Best Place To Sell !We have a very good res area that forced the price to go down before , we also have a very good bearish Price action and also good daily closure , we can sell this pair to get 200 pips , and this idea will fail only when we have a weekly closure above our res .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCAD - In Bullish TrendAUDCAD already Breaks its Daily resitance, AUD is fundamentally more stronger then CAD.
AUDCAD 1DThe price is in an ascending channel for a long time, approaching the ceiling of the channel and the Fibonacci number 1.272, there is a possibility that the price will return from these areas, in the future we will update this currency pair!
AUDCAD: Ready to Break Higher?The Australian Dollar to Canadian Dollar (AUDCAD) currency pair is currently exhibiting some interesting dynamics that align with a bullish outlook. Here are a few key fundamentals and technical observations that support a bullish bias:
1. Technical Patterns: A bullish flag pattern has been identified on the AUDCAD chart, indicating the potential for upward movement. This pattern often suggests a continuation of the existing uptrend, which aligns with a bullish perspective.
2.Oversold Conditions: The market is currently in an oversold condition as indicated by the Relative Strength Index (RSI). This suggests that the selling pressure might be exhausted, paving the way for a potential price increase. The market is expected to reach levels around 0.908, providing a strong bullish signal.
3.Demand Zone: The presence of a crucial demand zone around the 0.905 level further supports the bullish bias. This zone acts as a strong support, where buying interest is likely to increase, potentially driving the price higher.
4.Correlation with Indices: There is a noted positive correlation between stock indices and AUDCAD. Given the bullish bias on indices, AUDCAD has a tendency to rise, which strengthens the case for a bullish outlook.
In light of these factors, I plan to utilize probabilities to strategically position myself into long trades on AUDCAD.
Let's dive into the comprehensive top-down analysis together.
12M:
2W:
Hourly timeframes:
Use This Trend/Sentiment Secret To Time Entries Into MarketsAUD/CAD has rallied continually for a reason.
Tracking this reason naturally gives you better entries.
AUDCAD The SpikeEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
TRADE: WAITING TO SELL
DURATION: SHORT TO MEDUAM
SCALP: NO SCALPING
AUDCAD-SHORTAUDCAD is forming a double top on daily time frame also forming double top on H4 so we wil take a sell trade at the break of neck line
#AUDCAD: BULLISH NARRATIVEA drop to the Demand level with good confirmation might initiate a buy position
AUDCAD 2RR | 1HR TF BULLISH SETUPICMARKETS:AUDCAD seems to be on a bullish pattern on the 1 hour timeframe, it recently bounced back from the resistance which has now become support in a shorter time frame only for this trade setup, after that we will look towards shorting it, there are also high chances of monday dips at every monday so this will be a great short later as well today.
AudCad Trade IdeaAudcad is currently at a weekly resistance that was once respected before crashing back down to the daily support I have marked up. If price is gonna respect that weekly resistance I would want to to see a break and retest of the last higher low to confirm shorts for the week. If that happens I'll short the pair until price can reach daily support. We did get a daily candle closure below the weekly resistance so we'll have to see how the smaller time frames move.
Bearish Sign On Daily Timeframe?Good Day Traders,
Its been a while since our last post. We are viewing this Aussieloonie pair today. As a confirmation, we have looked at Daily Chart. Seems the candlestick is forming like bearish pattern (HARAMI).Anyhow we can only decide after Sydney Open tomorrow. For now our view is go short if the price breaks below $0.92000 and target a minimum Risk:reward 1:2. The HTF trend is still bullish.
AUDCAD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish order block + trendline.
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AUDCAD TRADES i DIDNT SHREEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
AUDCAD-BULLISHaudcad in bullish trend and retest trend line many time and continue its bullish trend till price break trend line support
AUDCAD- Possible sell setup Liquidity Sweep:
At the top of the recent price movement, the chart indicates a "Liquidity Sweep" just above a resistance level, where stop-loss orders are likely triggered. This suggests a potential reversal zone after the liquidity grab.
Sell Limit Order:
A sell limit order is placed slightly below the liquidity sweep, indicating that the trader expects the price to reverse downward after collecting liquidity at the highs.
Stop Loss:
The stop loss is set above the high of the liquidity sweep, suggesting the trade idea assumes the price should not go higher once the liquidity is swept.
Take Profit (TP):
The take profit zone is set near a previously identified support area. The green horizontal line marks a level around 0.91233, which aligns with a Daily Time Frame Order Block (Daily TF OB). This suggests the target for the trade is for the price to drop to this support level.
Trendline:
There is a dashed trendline showing the overall upward trend before the potential reversal. If the price breaks below this trendline, it could confirm the bearish move toward the take profit zone.
The strategy here likely assumes a retracement following the liquidity sweep, with a short position targeting the support level near the daily order block.
Sell Limit : 0.92479
Stop Loss : 0.92872
Take Profit : 0.91236
AUDCAD may get down side now.
AUDCAD may get down side now.
AUDCAD is now under selling pressure. Take a sell position immediately.
There is a bearish Order block between the price 0.92266 - 0.92093
ENTRY POINT :- 0.92102(Within the order block)
TAKE PROFIT :- 0.91306
STOP LOSS :- 0.92620
AUDCAD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.92150 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.92150 support and resistance area.
We would also like to consider the current bullish bias on Indices, due to the positive correlation AUDCAD can benefit from that.
Trade safe, Joe.
AUDCAD shortThere is a bearish divergence and it has started to print LLs and LHs. The sentiment is also 90% bearish. Wait for the major HL to break and short it.
