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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

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
Long
by GreggiBond
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.
Long
by themarketmafia
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.
Short
by ICmarkets
1
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.
by EZIO-FX
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
Short
by ForexRobotEasy
Bearish drop?AUD/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop from this level to the pullback support. Pivot: 0.91309 1st Support: 0.90987 1st Resistance: 0.91553 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.
Short
by ICmarkets
1