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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

AUDCAD Will Go Down! Short! Please, check our technical outlook for AUDCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.925. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.917 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AudCad Trade UpdateAC longs from yesterday are playing out as planned with price respecting the flip within the range. We can expect price to eventually tap back into the resistance level above. I'll personally be closing the trade once and if price can tap the alarm I have above. It's Friday, based on my trading journal for the past couple of years most of my trades don't hit targets too often. Some set ups just float in profit with no volume or I just end up getting caught in a range so to avoid all of that I'll close early. Ending another week with more than 3% secured.
Long
by OfficialJ23
AUD/CAD Bank Money Heist Plan on Bearish Side.Hello My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist AUD/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Short
by Thief_Trader
Heading into 61.8% Fibonacci resistance?AUD/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as an overlap support. Pivot: 0.92526 1st Support: 0.91758 1st Resistance: 0.93021 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
AUDCAD Expected Growth! BUY! My dear friends, My technical analysis for AUDCAD is below: The market is trading on 0.9187 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9226 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
4
AUDCAD Update: Target Hit! Great news, traders! The AUDCAD pair has reached our target of 0.9226, as anticipated. 🚀 Trade Overview: Entry Point: 0.9187 (Pivot Level) Target Hit: 0.9226 🎯 Market Sentiment: Bullish Both the Super Trend and Pivot HL indicators accurately signaled the upward movement, and the market delivered, hitting our target with precision. 📈 What’s Next? With our target met, this is the perfect time to secure profits. Watch for potential retracements or further bullish continuation, depending on market conditions. Final Thoughts: Successful trades like these remind us of the importance of following the trend and trusting our analysis. Congrats to everyone who capitalized on this move! 💼 Happy trading and here’s to more winning trades! 💹
Long
by RiskRebel
Bearish reversal off 61.8% Fibonacci resistance?AUD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement an could reverse from this level to our take profit. Entry: 0.92436 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.93007 Why we like it: There is a pullback resistance level. Take profit: 0.91787 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! 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
1
AUDCAD ShortsAUD/CAD Analysis • Daily Timeframe: The pair is currently in an uptrend, following a trendline that has been respected so far. This indicates overall bullish momentum. • 4-Hour Timeframe: A pullback appears to be underway, suggesting the price may retrace and test the trendline again. Recently, the pair formed a higher high, and I anticipate the formation of a higher low as part of the ongoing trend. • 1-Hour Timeframe: The price recently broke a key support level on the 4-hour chart. This level is now being tested as a new resistance, indicating a potential reversal zone. The current move appears to be a bounce from the previous support-turned-resistance, setting up for a short-term move downward. Trade Setup: This setup provides a potential risk-reward ratio of 1:4 for a quick trade to the downside. I’m expecting this scenario to play out before the end of the week.
Short
by chokambaya
AUDCAD Analysis: Technical Framework Supporting Bullish BiasCurrent Market Position: The AUDCAD currency pair is currently trading at the 0.9187 pivot level. Market Bias: Bullish - The outlook indicates a strong potential for upward movement. Technical Indicators: Both the Super Trend and Pivot HL indicators are signaling a high probability of bullish continuation. This suggests that the market may maintain its upward trajectory in the near term. Target Price: The immediate target is set at 0.9226. This level represents a logical point for profit-taking should the bullish trend continue. Explanation of Indicators: Pivot Points are critical technical analysis tools that help traders determine the overall market trend across various time frames. They serve as potential support and resistance levels, assisting traders in making informed decisions based on market movements. Conclusion: With strong bullish signals from both the Super Trend and Pivot HL indicators, traders may look to capitalize on potential upward movements in the AUDCAD pair. Wishing you all the best in your trading endeavors!
Long
by RiskRebel
9