AUD CADAUDCAD we can see how weekly chart formed new trend of upward, if we got supportive fundamental data we will continue to rise up.
AUDCAD trade ideas
4th of July Special: AUDCAD Buy Signal – Celebrate with Pips! In this festive video, I'm sharing an exciting buy signal for AUDCAD just in time for the 4th of July! Let's celebrate Independence Day with a profitable trade opportunity.
We'll explore:
The key indicators and market conditions supporting the AUDCAD buy signal
Step-by-step analysis of the setup and potential price targets
Practical tips for executing this trade effectively
Risk management strategies to protect your investment
Join me as I break down this timely trade opportunity and provide insights to help you make the most of it. Don’t forget to like, comment, and subscribe for more trading signals and expert analysis. Let’s light up the markets and capture those pips together! 🎇💹
AUDCAD - Bullish ContinuationAUDCAD seems to be in bullish continuation trend. Broke the resistance at 1 hr and heading towards 4hr resistance area.
there is no divergence and trend is making good Higher highs and Lower Highs.
Buy at fib level of 0.5 with Stop Loss at previous Lower high
AUDCAD Looking nice for buysLiquidity and imbalance resting above the POI makes this POI very strong and increases it probability of mitigation
AUDCAD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for AUDCAD is below:
The price is coiling around a solid key level - 0.9134
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9124
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
AUDCAD Trade Signal: BuyDear Traders,
We have identified a potential buying opportunity for the AUDCAD currency pair. Below are the details of the trade signal:
Direction: Buy
Enter Price: 0.9107
Take Profit: 0.91441667
Stop Loss: 0.90619667
Our forecast for this movement is based on a meticulous analysis using the EASY Quantum Ai strategy. This strategy incorporates sophisticated algorithms and machine learning models to identify market trends and potential entry points. The primary factors underpinning this signal are:
1. Technical Analysis: Our technical indicators are showing bullish signals, suggesting a potential upward movement in the near term. Specific patterns and levels in the price charts indicate an optimal entry at 0.9107.
2. Fundamental Analysis: Recent data on the Australian economy, including positive economic growth figures and favorable trade balance, support a bullish outlook for the AUD. Additionally, CAD has been impacted by fluctuations in oil prices, which adds to the strength of this buy signal.
3. Market Sentiment: Sentiment analysis tools are showing an increase in bullish sentiment among investors for AUDCAD, further supporting the potential for an upward move.
Please proceed with caution and ensure your risk management strategies are in place. Enter the trade at 0.9107 and set your take profit at 0.91441667 and your stop loss at 0.90619667.
Happy Trading!
Bearish Ideas on AUDCADBullish momentum brought by an exuberant Australian dollar against a bearish Canadian dollar.
As always, rapid climbs leave many areas to fill, you could start from this point, or go looking for the maximums before a descent, this is why I have proposed two setups on the chart.
Be careful.
"All quiet on the western front" (e.g. for AUDCAD)I have to admit that I´m surprised how accurate my count has been so far. Can I say that I followed through all the time? No!!! Analysis is one thing but trading and not getting discouraged by the market is another thing.
AUDCAD is reaching my target zone from where I believe it will turn down again. This scenario gets invalidated if the first major high to the left is taken out impulsively.
However, now we have clearly a three wave structure indicating more downside to come!
AUDCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
AUDCADI put a lot of thought into this idea on AUDCAD and we have a lot of confluences. For one the weekly and daily timeframe is bullish. The 4hr on the other hand just turned bearish after that last candle close. In order for it to continue the bullish trend that we have overall, price will need to create a new higher low. Once that happens I believe price can then break the high of 0.91500 that it has been respecting for about 4 weeks now. I then see price coming back and using that same zone as support to then keep finding new highs.
Bearish drop?AUD/CAD has reacted off the pivot and could fall to the overlap support.
Pivot: 0.91545
1st Support: 0.91123
1st Resistance: 0.91682
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.
audcad buy positionIt broke its wedge on the audcad chart. and when we look at the indicators, the momentum seems to be up. My price target is the rectangular area.
AUDCAD sellTheres a bearish divergence on the hourly time frame. The sentiment is 92 percent bearish on myfxbook. Wait for the higher low to break then open short position.
AUDCAD bullish continuationIt looks like AUDCAD is gearing up for a significant move.
I'm observing a long-term bullish ABCDE pattern, which has the potential to evolve into a 12345 wave.
In the short term, accumulation appears to be taking place, suggesting a breakout might occur within the first two weeks of July, especially with the upcoming news events.
Keep an eye on this pair!
AUDCAD Possible Long Position4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
REVERSAL PATTERN Price is is being drawn to the hourly Order Block below which will as as a fuel⛽️ to push price higher
AUDCAD Short (20240701 - 20240705) 15 min / 1 hr Trading IdeasAUDCAD Short (20240701 - 20240705) 15 min / 1 hr Trading Ideas.
A short trade is possibility for AUDCAD.
Low Time Frame: 15 min
Higher Time Frame: 1 Hr
Please let me know your thoughts!
idea for next week.Australia’s May inflation report showed a significant increase, with headline CPI reaching 4.0% YoY, up from 3.6% in April. A similar trend was seen in Canada where May inflation jumped higher to 2.9% YoY from 2.7% in April.
While market has added to the rate hike bets for the Reserve Bank of Australia, a pushback to further easing expectations for the Bank of Canada may not be warranted given the escalating recession risks.
Central bank divergence plays remains a key theme in the FX markets, with AUD outperformance likely to build further especially on crosses such as AUDNZD, AUDJPY, AUDCAD and AUDCHF.
Inflation is no longer falling in most countries and appears to be stabilizing. In the latest reports, May inflation prints for both Australia and Canada have shown a surprising rebound.
However, with slowing growth and increasing employment pressures, some central banks are in a challenging situation.
AUD: Bullish prospects remain for now
Australia’s May inflation report showed a further increase in price pressures, marking the third consecutive month that the figure exceeded expectations. Headline May CPI reached the 4.0%-mark on the headline from 3.6% in April and 3.8% expected.
AUDCAD-Symmetrical TriangleOn the last trading session the pair finally made a break from it symmetrical triangle giving a breakout and also crossing its previous LH. Currently the pair has come to retest the break out zone and looks like it have has found support above the trendline. On the other hand the AXY is showing bullish signe as compared to CXY.
