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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUD/CAD "Aussie vs Canadian" Forex Market Bullish Heist PlanBased on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/CAD "Aussie vs Canadian" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Buy above (0.90600) then make your move - Bullish profits await!" however I advise to placing the Buy Stop Orders above the breakout MA (or) placing the Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 0.89900 (swing Trade Basis) Using the 4H period, the recent / Swing Low or High level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.92500 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: ╰┈➤AUD/CAD "Aussie vs Canadian" Forex Market is currently experiencing a bullish trend,., driven by several key factors. ╰┈➤Fundamental Analysis Economic Indicators: Australia's GDP growth rate is expected to slow down to 2.2% in 2025, while Canada's GDP growth rate is expected to remain steady at 1.8% Monetary Policy: The Reserve Bank of Australia (RBA) is expected to maintain its interest rates at 0.10% in 2025, while the Bank of Canada (BoC) is expected to raise interest rates to 1.50% Trade Balance: Australia's trade balance is expected to remain in surplus, while Canada's trade balance is expected to remain in deficit Inflation Rate: Australia's inflation rate is expected to rise to 2.5% in 2025, while Canada's inflation rate is expected to remain steady at 2.0% ╰┈➤Macro Economics Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for commodities, including those exported by Australia and Canada Commodity Prices: Commodity prices are expected to rise by 5% in 2025, driven by increasing demand for raw materials Interest Rates: Central banks are expected to maintain low interest rates in 2025, potentially increasing demand for commodities Currency Flows: Currency flows are expected to remain stable, with no significant changes in currency exchange rates ╰┈➤COT Data Non-Commercial Traders (Institutional): Net Long Positions: 40% Open Interest: 80,000 contracts Commercial Traders (Companies): Net Short Positions: 30% Open Interest: 40,000 contracts Non-Reportable Traders (Small Traders): Net Long Positions: 30% Open Interest: 20,000 contracts COT Ratio: 1.1 (indicating a neutral trend) ╰┈➤Sentimental Outlook Institutional Sentiment: 50% bullish, 50% bearish Retail Sentiment: 55% bullish, 45% bearish Market Mood: The overall market mood is neutral, with a sentiment score of +5 ╰┈➤Technical Analysis Trend: The AUD/CAD pair is experiencing a neutral trend, with the market respecting the 20-period Weighted Moving Average (WMA) as dynamic support. ╰┈➤Market Data Analysis Order Book Analysis: The AUD/CAD pair's order book is showing a neutral sentiment, with an equal number of buy and sell orders. Liquidity Analysis: The AUD/CAD pair's liquidity is expected to remain stable, with no significant changes in market participation. Volatility Analysis: The AUD/CAD pair's volatility is expected to remain stable, with no significant changes in market sentiment. ╰┈➤Positioning Long Positions: 50% of total positions Short Positions: 50% of total positions Neutral Positions: 0% of total positions Leverage: 1:1 (average) ╰┈➤Next Move Prediction Bullish Move: Potential upside to 0.92000-0.93000. Target: 0.93000 (primary target), 0.94000 (secondary target) Next Swing Target: 0.95000 (potential swing high) Stop Loss: 0.87000 (below the 30-day low) Risk-Reward Ratio: 1:2 (potential profit of 500 pips vs potential loss of 250 pips) ╰┈➤Overall Outlook The overall outlook for AUD/CAD is neutral, driven by a combination of fundamental, technical, and sentimental factors. The expected stability in commodity prices, neutral interest rate environment, and balanced market sentiment are all supporting the neutral trend. However, investors should remain cautious of potential upside risks, including changes in global economic trends and unexpected regulatory developments. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
1
AUDCAD Set for Bearish Correction After Struggling to RiseAUDCAD Set for Bearish Correction After Struggling to Rise The AUDCAD pair recently broke out from a bearish pattern, suggesting a potential downward movement. While further confirmation is needed to solidify this trend, the pair already appears poised for a continued decline. A minor support zone is located near 0.9010. However, this area may not hold, and there is a strong possibility that the price could breach this support and target the lower levels of 0.8993 and 0.8960. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
5
AUDCAD 2HAUDCAD 2H Fundamentals: •The RBA has made its first rate cut, initiating its rate-cutting process. However, this is more of a symbolic cut rather than a genuine attempt to stimulate the economy. It was essentially a “hawkish cut” from the RBA. •We could see a shift in risk sentiment, with the S&P500 currently in an uptrend but recently rejecting a daily resistance. In my opinion, this rejection is just a minor correction. •Oil is also in a downtrend, which should negatively impact the Canadian dollar. •Furthermore, market expectations for interest rates suggest a hold for both central banks, but with an 80% probability for the RBA compared to 60% for the BoC. •Additionally, since the US dollar is undergoing a short to medium-term correction, this could also weigh on the Canadian dollar due to the positive correlation between the two currencies. Technical Analysis: •On the daily timeframe, we can see a descending triangle that has just broken to the upside. •On the 8H timeframe, there is a clear double bottom on the Bullish TrendLine, which acted as strong support. Price is also returning to the trendline, but more importantly, to Fibonacci levels aligning with a major resistance-turned-support. •Retail traders are predominantly short (91%), confirming a potential buying opportunity. •I am placing a buy limit at the 50% Fibonacci level at 0.90060. •Wide stop-loss as we might see portfolio rebalancing from major institutions due to the end of the month, which could bring volatility. •Take profit at 0.92700. •Risk-to-reward ratio: 3.3. •Half-risk position due to Australian CPI on Wednesday and Canadian GDP data on Friday.
Short
by Marco-kh
AUDCAD buy opportunityPRACTICE - Day trading. This is a practice from a new DAY TRADING course I'm taking, for logging purposes. Please do not trade as my analysis might be incorrect. I encourage constructive feedback. If you did trade, make sure the drawing is respected, don't use exact values as they might differ from a broker to another. Explanations: MIN - last minimum point MAX - last maximum point BOS - break of structure SMS - shift in market structure SL - stop loss TP - take profit RR - risk reward OB - order block OB (15) - order block (based on M15) timeframe If you like this kind of ideas follow me for more analysis.
Long
by gabisuciu
AUD/CAD (1H) – Bearish Wedge Formation & Sell SetupMarket Overview: The AUD/CAD pair is currently forming a rising wedge pattern, a bearish signal indicating a potential breakdown. The price is consolidating within support and resistance levels, showing signs of weakening momentum. Key Technical Observations: 🔹 Rising Wedge Pattern: The price is making higher highs (HH) and higher lows (HL), but the structure is narrowing, indicating a potential breakdown. 🔹 Neckline Support: The key level to watch is 0.8990—a break below this support will confirm the bearish move. 🔹 Breakout Confirmation: A break below the neckline will trigger a strong downside move, confirming the wedge breakdown. Trade Setup: 📌 Sell Stop Entry: 0.8990 (Below neckline support) 📌 Stop Loss: 0.9036 (Above resistance) 📌 Take Profit 1: 0.8944 📌 Take Profit 2: 0.8898 Trading Plan: ✅ If the price breaks below the neckline at 0.8990, a sell stop order will be triggered. ✅ A stop loss is placed above the recent resistance at 0.9036 to minimize risk. ✅ If the price reaches TP-1 (0.8944), consider securing partial profits and adjusting the stop loss. ✅ A further decline towards TP-2 (0.8898) is expected if momentum continues. 💡 Conclusion: A breakdown from this wedge structure could lead to a strong bearish move. Traders should wait for confirmation below 0.8990 before entering the trade. 📉 Stay disciplined & trade with a strategy! 🚀
Short
by Asif_Iqbal_chaudhary