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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

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!
Short
by Ocean98
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!
Short
by ForexRobotEasy
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!
Short
by KingTraderFX
1
AUDCAD Good Morning Traders! Allow me to share my expectation on AUDCAD, Current market has been consistently forming HH-HL indicating bullish momentum, last week we anticipated a mitigation of the internal structure POI, which swept LQ then resulted into a new HH being formed. Well above all else structure comes first, currently the price is within a bullish leg and a valid POI with LQ just above it. we might see price rejecting from that point and attempt to form new highs (Keep in mind on how our structure has been slowly forming immediate HH-HL indicating loss of momentum/or what was referred to a rising wedge pattern) but if that fails we do expect a further decline to a discount level which is in confluence with our FIB tool, the market might attempt to form a swing HL after taking out a Swing HH. Thank You
by Ocean98