AUDCAD- SELL FOR NOW hello , good morning , another opportunity in forex trading , Market is pulling down to complete the E Wave in ABCDE Correction.
Best of Luck
1. Trade according to your account balance
2. Risk Management
3.Thank you
AUDCAD trade ideas
Navigating Down: AUDCAD Short Opportunity AwaitsAs we delve into the AUDCAD currency pair, a clear selling opportunity has emerged, driven by the insights from our EASY Trading AI strategy. With an entry price set at 0.90111, we aim for a strategic profit target of 0.89863, while implementing a protective stop loss at 0.9035.
The rationale behind this bearish outlook is grounded in several factors. First, recent market trends indicate a stronger bearish sentiment, primarily driven by economic reports from Australia that suggest potential slowdowns in growth. This, combined with ongoing geopolitical tensions, may further pressure the AUD against its Canadian counterpart.
Moreover, technical indicators align with our prediction, showing that the pair is currently trading near resistance levels, which historically have led to price reversals. The RSI also indicates that the AUDCAD is approaching overbought territory, reinforcing our decision to sell.
For those trading this pair, maintaining a disciplined approach with set risk parameters is essential. By adhering to this strategy, traders can harness market fluctuations effectively while mitigating potential losses. Remember, the market requires patience and discipline; it's not just about the signals, but how you manage your trade that counts. Happy trading!
Bullish bounce?AUD/CAD is reacting off the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.9006
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.8976
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.9044
Why we like it:
There is a pullback resistance level that is slightly above the 138.2% Fibonacci extension.
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AUDCADHere's how the anticipated Australian economic data releases may affect the AUD/CAD trade directional bias today by 4;30am
Key Data Releases and Potential Impacts:
(1)Cash Rate (Forecast 4.10%, Previous 4.35%):
Lower than Forecast (AUD Negative): If the actual cash rate is lower than the forecast of 4.10%, it would indicate a more dovish stance by the Reserve Bank of Australia (RBA), suggesting concerns about economic growth. This would likely weaken the AUD, leading to a potential decline in the AUD/CAD.
As Expected (Neutral to Slightly AUD Negative): If the cash rate matches the forecast of 4.10%, the impact might be neutral, but the AUD could still face some downward pressure because it confirms the RBA is easing monetary policy.
Higher than Forecast (AUD Positive): An unexpected hold or increase in the cash rate would signal a hawkish RBA, strengthening the AUD and potentially leading to an increase in the AUD/CAD
(2)RBA Monetary Policy Statement & RBA Rate Statement:
These statements provide context and reasoning behind the RBA's interest rate decisions and offer insights into the central bank's economic outlook and future policy intentions.
Dovish Statements (AUD Negative): If the statements express concerns about economic growth, highlight downside risks, or signal further rate cuts, the AUD would likely weaken, pushing the AUD/CAD lower.
Hawkish Statements (AUD Positive): If the statements convey confidence in the economy, emphasize inflation control, or suggest a willingness to raise rates if needed, the AUD would likely strengthen, potentially leading to an increase in the AUD/CAD.
Upcoming Canadian CPI Data (2:30 PM) AND HOW IT WILL AFFECT TRADE DIRECTIONAL BIAS.
CPI m/m (Forecast 0.1%, Previous -0.4%):
Higher than Forecast (CAD Positive): If the actual CPI m/m is higher than the forecast of 0.1%, it would indicate rising inflation in Canada. This could lead the Bank of Canada (BoC) to maintain a hawkish stance or potentially consider future rate hikes, which would likely strengthen the CAD.
Lower than Forecast (CAD Negative): If the actual CPI m/m is lower than the forecast, it would suggest easing inflationary pressures. This could prompt the BoC to consider a more dovish approach, potentially weakening the CAD.
Median CPI y/y (Forecast 2.5%, Previous 2.4%):
Higher than Forecast (CAD Positive): A higher-than-expected median CPI y/y would signal that underlying inflation is increasing, reinforcing the potential for a hawkish BoC stance.
Lower than Forecast (CAD Negative): A lower reading would suggest that underlying inflation is easing, potentially leading to a more dovish BoC.
Trimmed CPI y/y (Forecast 2.6%, Previous 2.5%):
Higher than Forecast (CAD Positive): Similar to the median CPI, a higher-than-expected trimmed CPI y/y would strengthen the case for a hawkish BoC.
Lower than Forecast (CAD Negative): A lower reading would support a more dovish BoC.
Common CPI y/y (Forecast 2.1%, Previous 2.0%):
Higher than Forecast (CAD Positive): An increase in the common CPI y/y would generally be seen as positive for the CAD.
Lower than Forecast (CAD Negative): A decrease could weigh on the CAD.
Core CPI m/m (Previous -0.3%): Higher than Previous (CAD Positive): If the actual core CPI m/m increases from the previous -0.3%, it would generally be seen as positive for the CAD.
Lower than Previous (CAD Negative): A further decrease could weigh on the CAD.
Impact on AUD/CAD:
CAD Strengthening: If the CPI data is generally higher than expected, the CAD is likely to strengthen, potentially leading to a decrease in the AUD/CAD.
CAD Weakening: If the CPI data is generally lower than expected, the CAD is likely to weaken, potentially leading to an increase in the AUD/CAD.
Current Head of the Bank of Canada:
The current Governor of the Bank of Canada is Tiff Macklem. He was appointed to the position effective June 3, 2020, for a seven-year term.
RBA Policies: The Reserve Bank of Australia (RBA) monetary policies will also influence the AUD/CAD.
Trump's Tariff Threat: Bank of Canada Governor Tiff Macklem has stated that President Donald Trump's tariff threats are already having an impact.
Economic growth forecasts: The Bank has adjusted its economic growth forecast down to 1.8 percent for 2025.
Disclaimer: This analysis is based on forecasts and expectations and is not a guarantee of actual market movements. Trading currencies involves risk, and you should consult with a financial advisor before making any trading decisions.
AUDCAD: Bearish Cross kickstarting a decline.AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600.
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AUDCAD - Flag Pattern + SetupHello traders
AUDCAD has been forming a flag setup on the 4h.
Now it has broke the flag and it is time to go long.
My entry with sl and tp are as on the chart.
AUDCAD at BreakoutAUDCAD is at breakout point, can go both side. If we look at the daily trend then its showing some reversal setup and if we see at 1 HTF then its showing divergence at RSI. We can put both side order and can wait for either side breakout.
AUD/CAD - we reached key level - time to test the sellers!Hi guys we are looking into AUD/CAD today , the pair has reached a very key level , which there is close to no support to the upside, the analysis has been made on 1H and 4H time frames.
Additionally we can see that the RSI has reached very high overbought levels also overviewed on 1H and 4H time frames.
Entry: 0.90300
Target: 0.89600
SL: 0.90650
R/R - 1:2
AUDCAD AUD/CAD WAIT FOR OPEN MARKET AND WITTING NEWS
*** CAD ***
1- Canada Housing Starts
2- Canada Foreign Securities Purchases
3- Canada Foreign Securities Purchases by Canadians
AUDCAD Wave CWe have a lower low with bullish RSI divergence, which I'm labeling as green c / blue B.
In my primary count, we have already finished green I-II, and are currently on green III.
My target is gray resistance at .916.
AUDCAD 166 pips to bag next weekwe going long true resistance broken and market structure shit has happened today, this the only trade you need next week
Bullish Outlook on 4H Chart: Key Fibonacci Levels in Focus
AUDCAD appears bullish on the 4-hour chart, with the first resistance level (Level 1) at 0.90550. A breakout above this level could drive the pair toward the next key resistance (Level 2) at 0.91257, aligning with Fibonacci retracement levels.
Idea for FridayThe Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped.
The loonie was trading 0.2% higher at C$1.4163 to the greenback, or 70.61 U.S. cents, after trading in a range of 1.4156 to 1.4201.
Canadian government 10-year bond yields fell 3 basis points to 3.087%. The yield on similar U.S. government benchmark debt fell to 4.4724%.
U.S. March crude futures rose 20 cents to $71.49 a barrel on Friday.
Canadian factory sales fell 0.3% in December from the previous month, Statistics Canada said. Analysts polled by Reuters had expected factory sales growth of 0.7%.
Possible bearish breakout and whyMy analysis show that bears have the upper hand as the changed the trend a bit by breaking below the CHoC and currently the price is now in a range between support and resistance
Since bears had a potential market control we can assume that the range is likely to be broken below(support) all the way to the Demand level and this will confirm bears are in control of the price and we should look for selling opportunities
so all in all wait for a break below before entering, market confirmation is important
AUDCAD: Growth & Bullish Forecast
The recent price action on the AUDCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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audcad idea if breakout *** We note that the price touched 0.8849 twice since August 8, 2024, once on the same date and once between January 10 and 13 of this year, forming a resistance area that the chart could not cross.
*** In the event of a breakout from the top of the chart, we wait for the price to return from the BEARISH OB area, and in the event of a breakout, it will reach the highest area in this bearish chart HH POINT
*** The price will reach the LL POINTS area to take its liquidity from it to reach HH POINTS
****Give me your opinion in the comments****
AUDCAD Buy Idea share your opinion in comment
price enter in support zone we look a buy idya from this area
#004 Feb 2024 Obvious Range AUDCAD ShortPrice in a range.
Shorting for 1R SL to 0.65R TP or so.
Will come back at 9pm SGT later.
What will be will be.
I went to work just now and the CBF190R feels so much more responsive than the previous FZ16.
I lane split alittle today and felt safe, I also filtered in between vehicles on the highway because I felt that this bike could handle potential situations that might occur.
1733SGT 10022025
AUD/CAD SELL SETUPA Possible down movement can happen so i am waiting for a good opportunity to execute short orders.
Happy trading.
AUDCAD SYMBIOSE PATTERNW on a i.c.i. = SYMBIOSE pattern
I see some potential up side I will prob. not hold until my final TP we will see
4.5rr final
1% risk
AUDCADI am looking for a short because price has met resistance and I expect liquidity to take out the zone made from the HL.
