AUDCAD Bearish Continuation
Looking at the chart of AUDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely
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AUDCAD trade ideas
AUDCAD_2H_Buyhello
Analysis of the Australian dollar versus the Canadian dollar currency pair The analysis style is based on Elliott waves. The time frame of this analysis is two hours and medium term. The market is in an upward correction in the form of wave ABC, which can now be wave C. Important support 0.90800 Resistance and target 0.91700
AUD/CAD Break of Structure ShortAUDCAD broke the structure and is now heading to the downside. Tight SL with high RR, lets see if we can push down.
audcad sell
- H4 bearish structure ema 21 and 50 above the lowest high
-H1 price is at a resistance and crosses the 21 to 50 ema
-M15 fibonacci rejects 61.8 entry in engulfin
AudCad Trade IdeaYesterday I published a short set up for AC stating I wanted to see price break below a strong level of support with retest before looking to short the pair. I said If all goes well we could definitely expect price to tap back into 90400 or at least around that level. Price has been ranging between 91200 and 90400 so going short after a break of structure was my priority with price failing to break to the upside MULTIPLE times. We'll see how price plays out. Might be my last trade for the week with a bunch of news flooding because of the holiday being around the corner.
#AUDCAD 4HAUDCAD 4-Hour Analysis
The AUDCAD pair is approaching the lower boundary of a well-defined channel on the 4-hour chart, which acts as a key support level. This support zone has historically triggered bullish reversals, but waiting for the price to touch the channel support ensures a more reliable entry point.
Technical Outlook:
- Pattern: Channel Support
- Forecast: Bullish (Wait for Support Touch, Then Buy)
- Entry Strategy: Buy near the channel support line after confirmation from price action.
Traders should look for bullish signals such as a reversal candlestick pattern (e.g., bullish engulfing) or indicators like RSI showing oversold conditions to validate the buy setup. Proper risk management is crucial, with stop-loss orders placed below the channel support to protect against potential breakdowns. Target the upper boundary of the channel as the next resistance level.
Bearish drop?AUD/CAD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.91125
Why we like it:
There is an overlap resistance level,
Stop loss: 0.91526
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 0.90536
Why we like it:
There is an overlap support level.
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AUDCAD Superswing to 0.9400AUDCAD has been trading within an upward channel since September 2023. Currently, the price is near the bottom of the channel, reacting to the 0.618 Fibonacci level (drawn from the low of August 5th, a pivotal day for this pair).
The plan is to wait for a confirmation of a structural shift on the 4H chart, followed by a retest, and enter a long position around 0.9120. Partial profits will be taken progressively, with the final target set at 0.94.
Stay tuned for updates on my trade: entry, take-profit levels, and exit strategy.
See details on my signature to get in touch with me.
Good luck!
AudCad Trade IdeaAudCad has been bearish for some time now. Cad did have news at 8:30am so I do want to give price some time to dial down. Although there isn't much volatility showing. I personally want to see price break and retest to the downside with price being bearish on both higher and lower time frames. The lower time frame just flipped which is why you can see a bearish candle with a wick. The retest to the downside would be solid confirmations to short the pair for a potential 1:3rr. We'll see what happens.
Lingrid | AUDCAD short After REJECTION of the RESISTANCE zoneThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD is gradually pulling back toward the resistance zone and the upward trendline area. Overall, the market is making lower lows and lower closes on the 4H timeframe. After a significant bearish move, the price is currently positioned to retest the 50% retracement level of that decline. I anticipate that the market to reject the resistance zone and continue moving downward. My goal is support zone around 0.90700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD POSSIBLE SELL OPPORTUNITY!!!Price is currently making a correction of the previous sell from the price of 0.91611 (resistance level) ahead of the CANADA INFLATION RATE REPORT. A sell opportunity is envisaged from that zone. Target is 0.91123
AUDCAD Buy ForecastAUDCAD New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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AUDCAD, Bullish ChannelBullish Channel
Rejection from Top
No divergence
Buy @ CMP or buy at Bottom of channel
Sl at Break of channel
TP towards 1:1
AUDCAD- BUY Bullish Indication
1- Series of HH and HL
2- market has shown Bullish divergence on 1H Time Frame
3- formation of Inverted Head and shoulder pattern
4- trend line support
5- Rejection from trend line with formation of Bullish engulfing candle at trend line support
Potential Bullish SetupO On AUDCADPotential long setup on AUDCAD on the breakout of last LH, with a divergence.
AUDCAD buy stopAUDCAD was making lower Highs and lower Lows, it was in down trend but now it formed RSI divergence. it has changed its trend. Now it is in up trend. So, We will place the buy stop order above the Latest HH
AUDCAD Possible Long.Pair looking to give us an inverted head and shoulder. Be on the lookout and enter buys only if you see a setup that falls in your plan.
AUDCADall AUD pairs are making similar patterns tonight, however this slow correction and pulling back to the down side give me a good opportunity for short position
AUD/CAD new idea for new weekI expect more buys in this market for the new week as global buy flow is coming our current trade entry is nice but I would advise you to take less risk as it is a zone with buyer reversal power
AUDCADAUDCAD is on a strong down trend. i see a slow correction in 1hr time frame which has touched a supply zone. Not super confident, but I think a short position can be opened at this very spot for a tp2
AUD/CAD SHIFT FROM 1 HOURAs we can see from 1 hour time frme there is market shift happen after break our last supply zone,in 30 min we may have an entry there so keep monitoring from there.
Idea for next week.The AUD/CAD pair has shown an upward movement on the four-hour chart, driven by a mix of market factors. Despite weak economic data from China, which weighs on the Australian dollar, recent gains have been supported by speculation around the Bank of Canada accelerating its rate cuts. The dovish stance from the Bank of Canada’s governor, coupled with falling oil prices, has weakened the Canadian dollar (CAD), giving the Australian dollar (AUD) room to strengthen.
The pressure on CAD is compounded by concerns over lower oil demand, particularly in light of the global economic slowdown. Meanwhile, AUD continues to face challenges due to its strong correlation with Chinese economic performance, although it has managed to outperform CAD in the short term.
