AUDCAX trade ideas
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 - 4hrs ( Sell Trade Target Range 140 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
0.90750 Area
Reasons
- Major Turn level
- Trend Break
- Visible Range Hvn
- Fibo Golden Zone
- week low
Bullish Reversal
0.89500 Area
Reasons
- Major Turn level
- Visible Range Value
- Pattern Target
- Choch Zone
- Fibo Golden
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 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.
AUDCAD - EASY 50-60 PIPS FOR GRABS WITHIN THE WEEK AHEADPotential short opportunity on the AUDCAD for 50/60poips next week. Price is seen drawing towards confluence 0.90325 area in a descending channel formation.
Suggest to narrow down to LTF to look for good SHORT entry setups to TARGET AREA. Price may also push further down depending on Current CAD index strength and any other fundamentals that supports the CAD & USD (correlated) or could just take a BOUNCE from there. Eager to see what happens around the confluence area and play along with PA. Buying Opps could play next.
SLIGHTLY BEARISH OUTLOOK.
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
AUDCAD Bearish Momentum With Key Resistance Level.Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.91200 support and resistance area.
Trade safe, Joe.
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9093
2nd Support – 0.9058
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Thank you.
Technical Analysis of AUD/CAD: A Bullish OutlookAnalyzing the AUD/CAD currency pair, several technical indicators suggest a potential bullish trend:
- Fibonacci Retracement Levels: The pair has approached key Fibonacci retracement levels, which often serve as support zones where buying interest may emerge.
- Channel Pattern: AUD/CAD is nearing the lower boundary of a descending channel pattern. This area can act as support, potentially leading to a reversal or a bounce back within the channel.
- Psychological Support Levels: The pair is approaching significant psychological price points, which can influence trader behavior and act as support levels, encouraging buying activity.
Trendline Support and Divergence Hint at Possible UpsideThe AUDCAD pair is currently receiving support from a key trendline, with a divergence signaling potential upside momentum. This technical setup may indicate a shift in price direction as buyers defend the trendline support level.
AUDCAD My Opinion! BUY!
My dear friends,
AUDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.9109 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9160
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDCAD FOR BUY.Price formed a bearish trendline, and a descending triangle. Price broke out of the trendline.wait for a retest of a support zone and long.
AUDCAD , touch supply and then go upAUDCAD , the cross touched the supply and with high probability will go to catch the liquidity
AUDCAD Potential DownsidesHey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.91100 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.911000 support and resistance area.
Trade safe, Joe.
AUD/CAD DAILY CHART MARKET OUTLOOK!Price is at the support level of 0.90509 its a crucial point where price may likely break to the downside if we see a further increase in bearish momentum. In recent days week, we saw how price picked a momentum sell from the price of 0.92595 and dropped to the current support. This was due to the recent Canadian dollar(Quotes) being strongly bullish over the base (AUD). If we’d get a break of that level. More bearish momentum is envisaged
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
66R AUDCAD LongLast trade here was stopped out but now a proper consolidation pattern has formed which increased the chances of this working.
25% chance of success.
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 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
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
