AUDCAD trade ideas
AUDCAD BUY short term1 Month immediate PA is bullish
1 Week swing bullish, Price at weekly OB
Expect continuation or strong price movement from there
Daily swing is bullish; price is at daily OB
Expectation - continuation or strong buy momentum
Daily internal is bearish though
Price is at daily internal supply zone
4 Hour swing is bearish
Internal is bullish
We can anticipate m15 mss to suggest 4 Hr continuation
But M15 immediate PA is bullish till otherwise
Looking to scalp the M15 price action
AUDCADThe Canadian Consumer Price Index (CPI) for December is scheduled to be released on January 21, 2025 This data will provide insights into the inflation rate in Canada, giving investors and economists a better understanding of the country's economic performance. The CPI measures the change in prices of a basket of goods and services, and it's an important indicator of inflation
Now, let's dive into how the CPI data print can impact Canadian currency trading directional bias. The CPI is a key indicator of inflation, which plays a significant role in shaping monetary policy decisions.
- Inflation Rate: A higher-than-expected CPI can lead to a stronger Canadian dollar (CAD), as it may indicate a potential interest rate hike by the Bank of Canada to curb inflation. Conversely, a lower-than-expected CPI can weaken the CAD
- Monetary Policy Implications: The Bank of Canada closely monitors the CPI to determine whether to adjust interest rates. An interest rate hike can attract foreign investors, causing the CAD to appreciate, while a rate cut can lead to depreciation
- Investor Perception and Confidence: A stable inflation rate, close to the central bank's target, can boost investor confidence in the CAD. However, uncontrolled inflation or deflation can deter investors, leading to reduced demand for the CAD and its subsequent depreciation .
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
Great A plus trade What a great price action The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped.
The loonie was trading 0.3% lower at C$1.438 to the greenback, or 69.54 U.S. cents, after trading in a range of 1.4323 to 1.4393.
Canadian government 10-year bond yields fell 0.1 basis points to 3.418%. The yield on similar U.S. government benchmark debt rose to 4.6695%.
U.S. February crude futures fell 14 cents to $79.9 a barrel on Thursday.
Canadian housing starts in December fell more than expected to 231,500 units from a revised 267,100 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.
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.
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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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.
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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
Falling towards overlap support?AUD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.90009
Why we like it:
There is an overlap support level.
Stop loss: 0.89663
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 0.90563
Why we like it:
There is a pullback resistance level.
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AUDCAD: Growth & Bullish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move up.
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AUDCAD: Bearish Flag Signals Further DeclineAUDCAD has been consolidating within a well-defined bearish flag formation for the past two weeks, marked by small breakouts of key levels—a typical characteristic of this pattern.
This type of consolidation often acts as a continuation structure in a downtrend.
I anticipate that once the price breaks below the lower boundary of the flag and confirms the breakout through consolidation, the bearish scenario will likely play out.
Such a move would signal the market’s readiness to resume its downward trajectory, offering potential opportunities for short positions.
AUDCAD - 23 Jan 2025 SetupAUDCAD Now making a long billish rally and breaking the bear structure. Spotted demand area (Green Rectangle). its the first demand area after the price breaking bearish structure.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
potential iron dome crash/pullbackaudcad had 10 days outperformance
potential profit takings to happen soon, before another major big run up or a reversal
wait for iron dome crash, only enter with ltf confirmations
mean reversion and counter trend play so be mindful of potential ATR and pip range/ profit range
AUDCAD Wave Analysis 23 January 2025
- AUDCAD broke round resistance level 0.9000
- Likely to rise to resistance level 0.9080
AUDCAD currency pair recently broke the round resistance level 0.9000 (which stopped the previous wave 4 at the start of January)
The breakout of the resistance level 0.9000 coincided with the breakout of the 50% Fibonacci correction of the previous downward impulse from December and the daily down channel from September – which accelerated the active impulse wave 1.
AUDCAD currency pair can be expected to rise toward the next resistance level 0.9080 (top of wave b from the middle of December).
7# Swing Trade Idea2025Break and retest of the area of interest (AOI) has now given us a buying opportunity
AUDCAD POISED FOR A SELLI’m looking at price sweeping liquidity ($$$)to the upside and begin the downtrend. Possible TP indicated.
AUDCAD Possible Bearish MoveDaily is in a downtrend, breaking previous support on the daily and also formed a strong resistance zone on the 4hr. Price retracing to the supply zone on the 4hr for a possible bearish continuation.
Risk Management Very Important.
