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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

AUDCAD Long Trade Setup A #long trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 0.90000 psychological level and possibly testing the strength of the 0.90113 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
3
Rising into 38.2% Fibo resistance, could it reverse from here?AUDCAD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit. Entry: 0.88469 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88948 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 0.87811 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUDCAD Current Market Outlook | Analyzing Trends and ForecastingWelcome to our latest analysis of the AUDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the AUDCAD's trajectory. From fundamental drivers such as economic indicators and central bank policies to technical analysis tools like trendlines and oscillators, we leave no stone unturned in our quest to provide you with a comprehensive market outlook. Whether you're a seasoned trader or new to forex, this video offers valuable insights into the AUDCAD market. Stay ahead of the curve with our expert analysis and stay tuned till the end for actionable strategies on how to capitalize on potential market opportunities. Don't miss out on this essential guide to the AUDCAD market – hit the play button now and empower yourself with the knowledge needed to succeed in forex trading. Be sure to like, share, and subscribe for more updates on currency pairs and financial markets!
Short
by Josebill
AUDCAD (Elliott wave)Hello friends In the AUDCAD currency pair, we observed a complete 5 wave. After these 5 waves, we expected a correction, mostly a zigzag or... Wave 1 or A, 2 or B and 3 or C have happened. Right now we have a single uptrend. For this situation, 2 scenarios can be imagined. The first scenario, which is more likely, is the end of wave 3 and the beginning of an uptrend. But the second scenario, which is weaker, can complete its own 5th wave in the majority of a 5-wave and should be counted again. I am waiting for the price correction to finish and price growth seems more likely. The first goal of the climb for the first scenario is the range of 0.8950 and the goal of the second scenario is 0.8730 To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
AUDCAD Trade Alert - Bearish Setup at Key Support Breakout.Bearish Trendline at 4-Hour Time Frame: AUDCAD has been following a bearish trendline in the 4-hour time frame, indicating a prevailing downward momentum in the market. Observation of Dow Theory: Additionally, the market has been adhering to the principles of Dow Theory, reinforcing the bearish sentiment. Retracement and Rejection: A retracement up to the 0.5 Fibonacci level was observed, followed by a clear downward rejection, suggesting strong selling pressure at higher levels. Current Position at Key Support Zone: Presently, the price is hovering around a critical support zone, signifying a pivotal area where significant price action is anticipated. Trade Setup: We anticipate a continuation of the bearish move if the price breaks below this key support level. Entry Strategy: A prudent entry point for short positions is identified near 0.88863, aligning with the bearish outlook. Risk Management: To mitigate potential losses, a Stop Loss is recommended near 0.89279, providing a buffer against adverse price movements. Profit Targets: Our profit-taking strategy involves targeting TP-1 at 0.8450 and TP-2 at 0.88030, reflecting our expectation of downward price movement. Conclusion: In conclusion, based on the technical analysis of AUDCAD, we anticipate further downside potential, with a well-defined entry point, risk management, and profit-taking levels in place to optimize trading outcomes.
Short
by trading_jupiter
1
AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP )💵Pair Name AUD/CAD 1 DAY RELATIVE PERFORMANCE Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Retest 0.89200 Reasons - Major Turn level - Visible Range HVN - Choch Area - Month High Area - Fixed Range Low Volume Bullish Reversal 0.88000 Area Reasons - Major Turn level / D - Pattern Target - Fixed Range Low Volume - Visible Range Hvn
Short
by GoldenEngine