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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

Whispers of the Estate: Strategy to Short the AUDCAD A Decree to Diminish the AUDCAD Ah, dear interlocutor, allow me to discourse upon the forex pair AUDCAD with the eloquence and refinement befitting our station. The pairing of the Australian Dollar (AUD) and the Canadian Dollar (CAD) is a matter of profound interest and intrigue within the realm of foreign exchange. Both currencies hold sway over vast territories and economies, each bearing the distinctive marks of their respective nations' fiscal policies and economic performances. The Australian Dollar, emblematic of the antipodean dominion, draws its strength from the robust industries of mining, agriculture, and commodities. Its fortunes often dance in tandem with the ebbs and flows of global demand for raw materials, particularly from the burgeoning markets of Asia. In contrast, the Canadian Dollar, with its roots entrenched in the expansive landscapes of the North American continent, derives its resilience from a diverse array of sectors. Noteworthy among these are the energy resources, including oil, which exert a formidable influence on its valuation. When these two currencies converge upon the forex stage, a ballet of economic forces ensues, choreographed by market sentiment, geopolitical developments, and shifts in global trade dynamics. Traders, akin to astute observers in a grand theater, meticulously analyze these movements, seeking to discern patterns and trends that may herald opportunities for profit. Yet, amidst the fluctuations and fluctuations of the forex realm, the AUDCAD pair stands as a testament to the interplay of distant lands and disparate economies, bound together in the intricate tapestry of international finance. In my humble opinion AUDCAD will be rather extended @ 0.91000, therefore one anticipates a rebalance therefore I will be entering short.
Short
by MarkLeRoy
AUDCAD Prediction Of Its Next Moveif we do a back test we will see that the price is standing at a very strong area of resistance and support that pushes the price strongly. i will wait for the daily candlestick closure to see how the price will react to it. if the daily candlestick failed to close above and at the same time i get a good bearish price action i will sell AUDCAD at once. those are my conditions to sell AUDCAD. Tell me yours and your thoughts in the comments.
by Forex_Wealth_Factory
b2b setup Trend trading strategies assume that a security will continue to move in the same direction as it is currently trending. Such strategies often contain a take-profit or stop-loss provision in order to lock in a profit or avoid big losses if a trend reversal occurs. Trend trading is used by short-, intermediate-, and long-term traders. Traders use both price action and other technical tools to determine the trend direction and when it may be shifting. Price action traders look at the price movements on a chart. For an uptrend, they want to see the price move above recent highs, and when the price drops it should stay above prior swing lows. This shows that even though the price is oscillating up and down, the overall trajectory is up. The same concept is applied to downtrends, with traders watching to see if the price makes overall lower lows and lower highs. When that is no longer happening, the downtrend is in question or over, and the trend trader will no longer be interested in holding a short position.
Short
by vivekvishwakarmaa468
AUD/CAD Day Trading Analysis With Volume Profile 📊On AUD/CAD, it's nice to see a strong buying reaction at the price of 0.89960 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
AUDCAD Is Going Down! Sell! Here is our detailed technical review for AUDCAD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.904. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.902 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDCAD ON A MAJOR RESISTANCE ZONEAUDCAD Rallied significantly to the upside and now we are witnessing a revisit back on a major resistance zone. Here we are expecting to see a potential reversal to the downside. On the following highlighted zone we have seen a strong selling pressure on the left earlier when the price meets in this region. More importantly, the price of the AUDCAD pair has created an expanding channel and the price has created a strong upper boundary which is acting as a major resistance.
Short
by traderchamp_
1
AUDCAD Bullish Money Heist Plan on Buy SideMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of AUDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
AUDCAD - 4 Hour Timeframe (SMA Rules Confirmation)The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of the previous range) through the springboard then advances immediately to the top of the trading range. Phase C is the "Final Test of Demand" and what you want to see here is price retrace to test the support of the trading range then strongly reject this level in a way show a change in the trading conditions (CHoCH) typically through a "sign of strength rally" which is exactly what occurred, revealing Phase. Phase D is where you want to see a major sign of strength and there is no better major sos of strength indicator in the tape than price trading in a range on top of the local trading range (or BUA) and this is exactly what we see again as price spends time trading above the local trading range in a tight consolidation. With this price action Phase D becomes clear and we are looking for the 'point of entry' or POE. Although it cannot be observed in this line chart (see AUDCAD Bar Charts in profile), the POE comes a number of hours into to the bua consolidation and when price closes above the consolidation high.
Long
by tapeshark
AUDCAD Wyckoff Method - Point of Entry 03-05-24The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of the previous range) through the springboard then advances immediately to the top of the trading range. Phase C is the "Final Test of Demand" and what you want to see here is price retrace to test the support of the trading range then strongly reject this level in a way show a change in the trading conditions (CHoCH) typically through a "sign of strength rally" which is exactly what occurred, revealing Phase. Phase D is where you want to see a major sign of strength and there is no better major sos of strength indicator in the tape than price trading in a range on top of the local trading range (or BUA) and this is exactly what we see again as price spends time trading above the local trading range in a tight consolidation. With this price action Phase D becomes clear and we are looking for the 'point of entry' or POE. Although it cannot be observed in this line chart (see AUDCAD Bar Charts in profile), the POE comes a number of hours into to the bua consolidation and when price closes above the consolidation high.
Long
by tapeshark
AUDCAD - Wyckoff Method - LOC Chart - Close UpThe local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of the previous range) through the springboard then advances immediately to the top of the trading range. Phase C is the "Final Test of Demand" and what you want to see here is price retrace to test the support of the trading range then strongly reject this level in a way show a change in the trading conditions (CHoCH) typically through a "sign of strength rally" which is exactly what occurred, revealing Phase. Phase D is where you want to see a major sign of strength and there is no better major sos of strength indicator in the tape than price trading in a range on top of the local trading range (or BUA) and this is exactly what we see again as price spends time trading above the local trading range in a tight consolidation. With this price action Phase D becomes clear and we are looking for the 'point of entry' or POE. Although it cannot be observed in this line chart (see AUDCAD Bar Charts in profile), the POE comes a number of hours into to the bua consolidation and when price closes above the consolidation high.
Long
by tapeshark
AUDCAD Completes Perfect Re-accumulation Breakout #Wyckoff Method. The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous high (resistance of the previous range) through the springboard then advances immediately to the top of the trading range. Phase C is the "Final Test of Demand" and what you want to see here is price retrace to test the support of the trading range then strongly reject this level in a way show a change in the trading conditions (CHoCH) typically through a "sign of strength rally" which is exactly what occurred, revealing Phase. Phase D is where you want to see a major sign of strength and there is no better major sos of strength indicator in the tape than price trading in a range on top of the local trading range (or BUA) and this is exactly what we see again as price spends time trading above the local trading range in a tight consolidation. With this price action Phase D becomes clear and we are looking for the 'point of entry' or POE. Although it cannot be observed in this line chart (see AUDCAD Bar Charts in profile), the POE comes a number of hours into to the bua consolidation and when price closes above the consolidation high.
Long
by tapeshark