AUDCAD...UT ContinuationRecent price action forming bullish chart patterns after retesting support levels @ 0.9108. Additionally, the interest rate differential between Australia (hawkish) and Canada (dovish) could favor the AUD.Longby ProfessorCEWard1
AUDCAD What Next? BUY! My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 0.9068 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.9095 Recommended Stop Loss - 0.9051 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 112
Short on AudCadThe price has formed a lower low, and in the continuation of the downtrend, it is also forming lower highs. The point to note is that we have an engulfing pattern at the bottom, and now we have reached a fresh supply zone where a low-risk short position can be taken with a risk-to-reward ratio of 2. Trade simple.Shortby Thisis_cryptoUpdated 4
AUDCAD Will Go Higher From Support! Buy! Here is our detailed technical review for AUDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.906. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.911 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
AUDCAD BUY IDEAOverall trend for this pair is bullish. I anticipated that the price will trigger my entry and try to reach the 4H TF supply zone. This is just my own analysis. Trade at your own risk!Longby TraderSammy1998Updated 223
AUD_CAD LOCAL LONG| ✅AUD_CAD will soon retest a key support level of 0.9050 So I think that the pair will make a rebound And go up to retest the supply level above at 0.9096 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx225
AUDCAD - 4hrs ( Sell Trade Target range 150 PIP ) ☑Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Break 0.90800 Area Reasons - Pattern Break Out - Visible Range Hvn - Inner Choch / 4hrs - Major Choch / w - Day + week low - 3Q High + 2Q High Braek - Month High break - FiboGolden Zone ✔️Bullish Reversal 0.89000 Area Reasons - Major Turn level / Month - Major Triangle Pattern - Choch / Bullish - inner Counter - Fibo Golden Zone - Month High - Day High + week BreakShortby GoldenEngine10
AUDCAD Within a large corrective patternAUDCAD Within a large corrective pattern AUDCAD is developing within a large corrective pattern for a long time. After price rejected near the top of the pattern, it is likely to be tested 0.9040 - 0.9060 area soon. If the price manages to break through this zone, we could see AUDCAD falling further to 0.9020. However, the first zone acted as a strong support for a long time and we should be careful as it can easily bring the price back. So let's see what happens. 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❤️Shortby KlejdiCuniUpdated 2217
AUDCAD...UPTRENDStrengths of the Australian Dollar (AUD): Australia plays a significant role in the global market for commodities such as iron ore and coal, which have experienced a notable increase in prices. The AUD can benefit from strong global demand and recent price increases for these commodities, as exports become more valuable. RBA Taking a More Assertive Stance: The Reserve Bank of Australia (RBA) has taken a more assertive stance compared to other central banks such as the Bank of Japan, by increasing interest rates in order to address inflationary pressures. This could potentially increase the appeal of the AUD for investors who are looking for higher yields. Increased Bond Yields: Australian bond yields have reached their highest levels in five years, which could potentially make the AUD more appealing to foreign investors and strengthen its position. Weaknesses of the Canadian Dollar (CAD): Gentler Rate Increases: The Bank of Canada appears to be adopting a more cautious approach in terms of increasing interest rates, in contrast to the RBA. This may decrease the appeal of the CAD for investors looking for greater returns. Oil Price Volatility: Although Canada is a significant oil producer, fluctuating oil prices can lead to unpredictability for the CAD. SUMMARY The AUDCAD uptrend could be influenced by the AUD's support from rising commodity prices and the potentially less hawkish stance of the Bank of Canada compared to the RBA.Longby ProfessorCEWard1
Daily potential harmonic on audcad Looking to take a short in the harmonic kill zone that is loading up soon Either it will hit tp1 and reverse to target the liquidity above Or Continue working its self lower in a bearish trend Paytience pays / let the market show what it will give us Shortby Onlypips4x111
AUD-CAD Local Long! Buy! Hello,Traders! AUD-CAD is going down And the pair will soon Hit a horizontal support Of 0.9056 and after the Retest we will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals223
AUDCAD short ideaA simple break and retest of the 0.91000 key level gives us a good reason to expect more bearish momentum on Aussie CAD. Price could reach lows of 0.50437Shortby BryceAkwo222
AUDCAD Weekly Forecast Hello Traders! "Regardless of what you are going through, you still have to show up and remain consistent to your vision"-Inspired by Fx Jordan (Jordan Martinez) This week I am keen to see AUDCAD giving us that market structure shift after tapping into our MTF-POI and grabbing liquidity. Those who love patterns can agree with me when i say the price has been quickly forming HH-HL on lower timeframes which is noted as a raising wedge indicating a potential shift of structure if it occurs at a resistance level. We have already seen a major bearish pressure after price failed to take out previous higher high. On 4H chart i am expecting to see internal structure forming LL-LH providing us with scaling opportunities. can we see a shift in structure this week? and will that shift in structure mark a new bearish market for AUDCAD?. Well no one knows for sure so let us see what the week gives us! Please note: Traders don't forget to review your economic calendar even if you are not a fundamental trader but the key is to stay informed not obsessed. Thank you! Shortby Ocean987
AUDCAD Analysis: Bearish Reversal AnticipatedAfter a sustained bullish trend, I have identified a notable bearish formation on the AUDCAD chart. Key technical indicators and chart patterns are signaling a potential market reversal to bearish. This could present a promising opportunity for traders to capitalize on the expected downward movement. Stay tuned for more detailed analysis and updates!Shortby forexNetwork10Updated 118
AUD/CAD Daily AnalysisThe MACD has produced a lower high when price has produced a higher high indicating a potential reversal is in sight. Check out what happened over December 2023 and January 2024 when there was a similar situation. Wait for the breakout before considering any sells as the market sentiment can change.by FusionMarkets5
AUDCAD SELL IDEAWe can expect a rejection from price 0.9150 to the downside. Using 30 pips as SL and going for a 2-1 RRR.Shortby JohnnyBlancoUpdated 1
AUDCAD TRADE SETUP 4HHello traders , This my idea for Long. AUDCAD Once 4H Candle Retest. I am ready to Long. this is my ideas only. what you are flow your trading statistics you can continue. If you need more my ideas follow meLongby TradsTrendTacticsUpdated 0
Forex Trading Signal: AUDCAD MovementAttention Forex Traders, We have observed key indicators and applied our EASY Quantum Ai strategy to generate a trading signal for the AUDCAD currency pair. Here are the specifics of the current trade setup: Direction: Sell Enter Price: 0.91435 Take Profit: 0.91236667 Stop Loss: 0.91605667 The current market conditions and analysis suggest a short-selling opportunity for AUDCAD. Here’s the rationale behind our forecast: 1. Technical Indicators: Our proprietary EASY Quantum Ai algorithm has identified a bearish trend forming. Key technical signals such as moving averages and the Relative Strength Index (RSI) indicate downward pressure. 2. Economic Data: Recent economic releases from Australia indicate weaker-than-expected economic growth, while Canadian economic data has shown relative stability. This disparity supports a bearish outlook for AUDCAD. 3. Market Sentiment: Market sentiment analysis shows a growing inclination towards risk aversion, leading investors to prefer the Canadian Dollar over the Australian Dollar. For these reasons, we recommend entering a Sell position at 0.91435, targeting a Take Profit at 0.91236667. To manage risk, we advise setting a Stop Loss at 0.91605667. Stay informed and trade wisely. Happy Trading!Shortby ForexRobotEasyUpdated 112
aud/cad sales signal...Hello friends, it seems that we have a good drop in this currency pair...Shortby razban_fxUpdated 1
AUDCAD Sell/ShortAUDCAD looks like a good signal from here that has bounced off resistance, came back a bit, and seems to not be a strong higher low for AUDCAD. Our analysts and myself am calling a sell short here due to the fact this pair has repeated multiple patterns in the same way in the last few months and as well it has the best risk/reward ratio I have seen so worth the bet to make. Please follow the entry, SL, and TP. Please make sure to follow our page for more daily signals! Shortby KingTraderFXUpdated 1122
AUDCAD: Expecting Bearish Continuation! Here is Why: The analysis of the AUDCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals115
AUDCADAlthough the bears are in control we can a fractals were formed suggesting a turn around is possible. SL and TP on the screen good luck! Price also failed to break the previous days supportLongby EleazarahmathUpdated 7