AUDCAD trade ideas
Atlas - Market Update for Assets - Jan 14th 2025Atlas - Market Update for Assets - Jan 14th 2025
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Let's take a look and see how the market is forming for our assets so far...
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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!
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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.
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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...
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Great set on AUD CADhe Canadian dollar edged lower against its U.S. counterpart for a third-straight day on Thursday as investors questioned the wisdom of suspending Canada's parliament at a critical time for the economy, and awaited domestic jobs data.
The loonie was trading 0.1% lower at 1.4390 per U.S. dollar, or 69.49 U.S. cents, after moving in a range of 1.4366 to 1.4404.
Canadian Prime Minister Justin Trudeau said on Monday he would step down in the coming months and that parliament would be prorogued until March 24.
A Bullish Outlook for AUDCAD: A Strategic Buying Opportunity Today, I’d like to share my bullish forecast for the AUDCAD currency pair. Based on the latest analysis from our EASY Trading AI strategy, I recommend entering a buy position at an entry price of 0.89147.
Several factors contribute to this positive outlook. Firstly, we’re observing strong support levels around the 0.88893 mark, which corresponds to our stop loss. This indicates a solid base where the price is likely to rebalance before potentially moving higher.
Moreover, the technical indicators suggest increasing upward momentum, which is reinforced by recent positive economic data from Australia. This has enhanced market confidence in the Australian dollar relative to the Canadian dollar.
I set a take profit level at 0.89385, providing a clear target to capture potential upside movement. By targeting this level, traders can benefit from a favorable risk-reward ratio, especially considering the current market conditions.
As always, it's crucial to use proper risk management. Monitor market developments closely, as any shifts in economic indicators could influence price movement.
For those seeking automated trading solutions, consider utilizing our trading robots that operate under the same EASY Trading AI framework, designed for optimal performance and ease of use.
Let's seize this opportunity responsibly and make informed trading decisions!
FVG on a 10am trade ICT AUD CAD Entry
FVG 10am
bearish rejection on FVG
MSS below
Order block taken out liquidity
AUDCADAUD/CAD has trapped traders below the 0.89261 level, inducing continued selling pressure. Below 0.88921, a pin bar has formed, signaling potential reversal. A break above a significant level, such as the double zeros or the blue line consolidation, followed by a bullish candle, will provide confirmation. For a more conservative and safer entry, wait for this clear bullish breakout to validate the move
AUDCAD - Bullish ReversalFollowing are the factors which can be involved in Bullish Reversal.
1. Bullish Divergence on RSI
2.Double Bottom Pattern
AUDCAD Massive Long! BUY!
My dear followers,
This is my opinion on the AUDCAD next move:
The asset is approaching an important pivot point 0.8915
Bias - Bearish
Safe Stop Loss - 0.8899
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8943
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDCAD Trend Touches!!!!!!Check out the analysis and how solid this chart structure is. After a pullback to lower equidistant downtrend support we see prices moving higher. Play these types of structures as can yield good positive results.
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 🫂
AUDCAD Long Swing PositionEntry: 0.89720
Stop Loss: 0.88860
Take Profit 1: 0.91172
Take Profit 2: 0.91983
Take Profit 3: 0.93270
