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 trade ideas
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.
This pairs is both strongI'm interesting to analysing this pairs how buyer & seller fight & AUD try hard to go up by trying sometimes.
AUDCAD triangle Hello traders,
A triangle has been formed in the chart! This is the path suggest for the pair. However Due to news release of Canada, there might be some surprises in the path, I have my positions open with lower volume and will move my SL to just the point of news release.
Any breaks out of triangle would make new setups available.
Best regards, Ali
AUDCADThis is the move I am expecting AUDCAD to make, a move upward to take out the previous lower high before aiming for the higher high.
2nd Entry Long AUDCADAC made a good push today to a higher high. Expecting price to move down for the pullback and continue its trend up
Trade Alert: AUDCAD Sell SignalDear Traders,
We have a SELL signal for the AUDCAD currency pair, based on our proprietary EASY Quantum Ai strategy. The analysis suggests a short position with the following parameters:
- Enter Price: 0.91047
- Take Profit: 0.90877333
- Stop Loss: 0.91267333
Rationale for the Trade:
1. Technical Indicators: Our strategy has identified a bearish trend on the AUDCAD pair through multiple technical indicators, including moving averages and momentum oscillators. This downtrend is confirmed by declining RSI values and a recent death cross in the moving averages.
2. Fundamental Analysis: Recent economic data from Australia indicates weaker-than-expected growth and a dovish stance by the Reserve Bank of Australia (RBA). In contrast, Canadian economic indicators have shown resilience, especially in the trade balance and employment sectors. This economic divergence provides a strong case for the Australian dollar's weakness against the Canadian dollar.
3. Market Sentiment: Market sentiment analysis indicates increased bearish positioning on AUDCAD, with large institutional traders favoring short positions.
Please ensure you follow risk management practices, setting your Stop Loss at 0.91267333 and aiming for the Take Profit level at 0.90877333. Stay vigilant and monitor the trade closely for any market changes.
Happy Trading!
Best Regards,
EASY Quantum Ai Team
