AUDCAD Daily: the bulls on the driver's seat...AUDCAD Daily: The uptrend seems to be continue during this new trading week. The price is respecting the TL and is making HH and HL for some time confirming the uptrend. A Daily Support at .088002 can be a strong rejection level if price retraces. If this strong uptrend continues we may see the price testing the 0.95552, previous resistance from January 2023. The EMA(21) is doing a good job as dynamic support and as long the price stays above that shows the bulls are in control. A possible MACD bullish cross around the zero line suggest an increase in the bullish momentum and once confirmed it will give more strength for the price test the 0.95552. I will be watching this pair tomorrow(Monday AEST) with a possible long entry targeting the 0.95552 level.
AUDCAD trade ideas
AUDCAD - 4H - BULLISHTechnical Analysis: AUDCAD is in a bullish trend, moving within a bullish channel on higher timeframes. Recently, it broke above the trendline, confirming the continuation of its upward movement. The pair is printing higher highs (HH) and higher lows (HL), signaling strong bullish momentum. We will look to buy at the 0.382 Fibonacci retracement level to capitalize on this trend. There is no divergence on higher timeframes, which further confirms the strength of the trend.
Seasonality: According to seasonality, AUDCAD typically remains bullish from the start of October until the end of December, aligning with the technical outlook.
Entry Strategy:
Entry Point: Buy at 0.92826 at the 0.382 Fibonacci level.
Stop Loss: Set at 0.92397 , just below the last higher low (HL) in a good resistance zone to manage risk effectively.
Take Profit 1: First target at 0.93256 for initial gains.
Take Profit 2: Second target at 0.93686 for extended profit.
This strategy combines both technical signals and seasonality, aiming to take advantage of the ongoing bullish momentum in AUDCAD with clearly defined entry, stop loss, and take profit levels for effective risk management.
AUDCAD My Opinion! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9270 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9222
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Bearish reversal?AUD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.92725
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.93199
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.91910
Why we like it:
There is an overlap support level.
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Its ready to go up. Daily / Weekly range from HTF levelIt's ready to go up. Daily / Weekly range from HTF level, it has all attributes for the successful trade.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Lingrid | AUDCAD trend CONTINUATION OpportunityThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD took liquidity below the strong support level at 0.9200 and subsequently bounced back, closing above this level. This price action indicates that buyers stepped in to defend the support, and overall, the market trend remains bullish. On the daily timeframe, the formation of a long-tailed bar suggests a rejection of lower prices, further reinforcing the bullish sentiment. Similarly, on the weekly timeframe, the price took liquidity below the lows of the past two weeks. Therefore, I expect the bullish trend to continue, with a target set at the resistance zone around 0.92960.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD Long Term Selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity onAUDCAD Market
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BUY AUDCAD - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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AudCad Trade IdeaAC is currently bearish while sitting at a daily HL. In my last AC post I spoke about getting into shorts IF price could break below the last daily HL. Price is currently back above the daily HL but longs aren't confirmed until the lower time frames lower high is broken and retested. At that point we would have a shift in structure to confirm longs. Patience is gonna pay on this set up.