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AUDCAD trade ideas

AUDCAD - Potential BuyBIAS: BUY 4Hour Chart: Logical Analysis: Observation of Seller Activity: Earlier in April, it’s like the Store had way too much AUD/CAD to sell at the price near 0.89–0.90. But no one was buying at that level. So what did the Store have to do? It gave a massive discount, slashing the price quickly to try and attract buyers. That’s why we saw such a sharp drop—it was a clearance move. But when the price hit around 0.84413, the discount finally worked. People started buying, and the Store no longer needed to keep dropping the price. Since then, the Store (sellers) hasn’t been able to offer that kind of aggressive discount again. That tells us their inventory pressure has eased, or they just aren’t as active anymore. Observation of Buyer Activity: As soon as that big discount hit bottom (around 0.84413), buyers rushed in quickly. They didn’t just buy a little. It looks like buyers were willing to buy at a higher price too which pushed the price up fast, all the way to around 0.88094, meaning demand was strong at those low prices. Since then, buyers have been steadily showing up, even if not with the same rush. They’re still holding up the shelves, keeping price above the recent support zone. The Store has found some buyers and i believe that it will not give a discount, buyers are happy and are saying, “We’re happy to keep buying here.” What This Tells Us: The Store couldn’t sell at high prices, so it was forced to lower them dramatically. That discount sparked strong demand, and since then, the buyers have controlled the floor. The Store has tried to offer smaller sales since then, but buyers scoop up the product before it drops too much. Conclusion (Buy Bias Confirmed): The big sell-off was just the Store offloading excess stock at a discount. Buyers responded fast and haven’t stopped showing up, especially near that 0.88094 mark. As long as the shelves stay cleared at this price and the Store doesn’t feel pressure to discount again, buying is the side with the stronger hand. Technical Analysis: on the chart Good Luck :)
Long
by tarati.lorenzo
AUDCAD Is Very Bullish! Buy! Here is our detailed technical review for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.898. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Sell zone at 0.89731Trading Journal Entry – Trade Setup: Currently watching a sell opportunity around the 0.89731 zone, with a strong buy level identified near 0.88170. Rationale: The 0.89731 level aligns with a notable resistance zone on the H4 and Daily charts, where price has previously encountered selling pressure. The recent bullish move appears to be testing this area again, and early signs of bullish exhaustion suggest a potential reversal. Price action near this zone has shown repeated rejection wicks and stalling momentum, which adds confluence for a short-term sell setup. Meanwhile, the 0.88170 zone marks a major support level that has historically attracted strong buying interest. This level aligns with a prior accumulation area and could serve as a high-probability reversal point if price moves lower. The plan is to take profit from the short trade near this zone and look for a potential long setup, ideally supported by bullish confirmation on lower timeframes.
Short
by SkyLegendary
AUDCAD – Bearish Divergence on 1H & 4HAUDCAD – Bearish Divergence on 1H & 4H Charts 🐻⚠️ Multi-Timeframe Confluence Hey traders 👋 AUDCAD is showing bearish divergence across both 1H and 4H timeframes, and that’s not something we brush off lightly. When multiple timeframes agree, it’s often a high-probability signal — let’s break it down. 🔻 1H Divergence – Momentum Cracks Appearing On the 1-hour chart, price has been grinding higher, forming a series of higher highs — but here’s the catch: RSI is printing lower highs. That’s bearish divergence in its purest form. Momentum is clearly not confirming the new highs, meaning the bulls are pushing, but not with strength. It's a sign of buyer exhaustion — and potentially, a trap for late longs. ⏳ 4H Divergence – A Bigger Picture Warning Zooming out to the 4-hour chart, the same divergence is present. Price keeps nudging higher, but the RSI continues to lag behind. This isn’t just noise — it’s a red flag. Divergence on the 4H chart means we could be due for a larger correction or even a reversal, not just a quick dip. Add that to the 1H signal and you've got a bearish confluence. 📌 What to Watch A break of short-term support could confirm the divergence playing out Lower highs forming after divergence = strong entry signals Bearish engulfing candle or trendline break = go-time for many traders Be patient — wait for structure to break before committing. This isn’t about guessing; it’s about letting price action do the talking. 🎯 Final Thoughts With divergence across 1H and 4H, the setup is solid. Momentum is fading, and a shift could be just around the corner. Whether you’re day trading or looking for a swing entry, this is prime time to watch AUDCAD closely.
Short
by MAAwan
AUD/CAD - Short Trade IdeaThis is a long Term View for a sell position on the 4D TF. My view on this Bearish movement is that we are respecting the swing from this Supply zone and that we will be rejecting this supply zone taking this previous Sell side Liquidity. Price has been slowing down whilst approaching this Supply zone giving me confluence of the build up of Selling momentum. We are below our EMA and we are also holding sellers momentum from the beginning of the year Good Luck to any traders that will be following this setup
Short
by jamesibartram
Bearish reversal off pullback resistance?AUD/CAD is reacting off the pivot and could reverse to the 1st support. Pivot: 0.89528 1st Support: 0.88159 1st Resistance: 0.90356 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets