AUDCAD Bullish Pennant Formation and Expected Breakout AnalysisAUDCAD BUY Entry Point= 0.90000
Stop loss = 0.89500
AUDCAD is currently trading at 0.90000, with a target price of 0.91500. This setup suggests an expected upward movement of 150+ pips. The market is forming a bullish pennant, a continuation pattern indicating potential for further gains. A breakout from this pattern is anticipated, which could drive prices higher. The breakout confirmation will strengthen the bullish sentiment, increasing the likelihood of reaching the target. Traders should monitor volume and momentum indicators for confirmation. Stop-loss placement is crucial to manage risk effectively. If the breakout is strong, the price could move swiftly towards the target. Patience and proper risk management are key to capitalizing on this setup. Overall, a bullish outlook is expected upon a successful breakout.
CADAUD trade ideas
AUDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90000 zone, AUDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.90000 support and resistance area.
Trade safe, Joe.
AUDCAD Tradethe price was in overall downtrend, but after breaking the last LH on major scale creating a HH.
then he came back down to create a HL.
on this manor scale the price created LL/LH. that LL been broken by the price so I have to adapte to it
i engage in a new trend
the rice brok lh to the up side so I waited for hem to came back and show me a signe..
AUDCAD H&S PART 2I've already shared my analysis yesterday but the market didn't respect the Neckline so the trade was cancelled with no entries
Now our best move would be to wait for the breakout of the New low this will confirm sellers are in control and the market will drop, meaning we can place our sells there
comment below if you want me to elaborate more
AUDCAD Continuation SELL Trade (Trend Continuation)📌 Entry: Sell at 0.9000–0.9025 (Retest of broken structure).
📌 Stop Loss (SL): Above 0.9050.
📌 Take Profit 1 (TP1): 0.8970 (Short-term level).
📌 Take Profit 2 (TP2): 0.8920 (Major demand zone).
📌 Final TP3: 0.8880 (Liquidity zone).
🎯 Risk-to-Reward (R:R): 1:3+ (Solid trade).
✅ Confirmation Needed:
Bearish engulfing (H1/H4) at 0.9000–0.9025.
AUD/CAD Under Pressure as Trade War EscalatesChina responded with retaliatory tariffs on US imports, announcing 15% duties on coal and liquefied natural gas (LNG) from the US, alongside 10% additional tariffs on crude oil, agricultural equipment, and automobiles. This deterioration in global trade relations has weakened commodity-linked currencies, particularly the Australian dollar, as China remains its largest trading partner. Meanwhile, the Canadian dollar is relatively stable, benefiting from moderate oil price gains and Canada’s exemption from immediate US tariffs.
Key Technical Levels
• Resistance Levels: 0.90115, 0.90858
• Support Levels: 0.89655, 0.89328, 0.88912, 0.88452
Upcoming Key Economic Events
• Canada’s Trade Balance (Wednesday) – Expected to impact the CAD’s performance, particularly amid ongoing US trade policy uncertainty.
• Australia’s Trade Balance (Thursday) – A weaker-than-expected report could exert further downside pressure on AUD.
• China & Canada’s PMI Data – Investors will closely watch economic sentiment indicators for potential shifts in risk appetite.
• Canada’s Employment Report – Job market strength will be key in determining the Bank of Canada’s future rate policy stance.
AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level.
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.
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STRONG UPTREND FORMING UPGood day traders, as we can see that AUDCAD has high Market volatility and the current trend is really clear but we can see Bulls have the advantage
A Change of Character(trend) occurred and we can see a NEW HIGH formed, giving us a sign bulls might be in control
The best move would be to wait for the market to break above the NEW HIGH and wait for a retest that will confirm that buyers indeed took over the market and are in control, meaning we can BUY
but if it breaks below the Major low, then it means this set up failed and sellers are taking over