AUDCADAUDCAD is on a strong down trend. i see a slow correction in 1hr time frame which has touched a supply zone. Not super confident, but I think a short position can be opened at this very spot for a tp2
CADAUD trade ideas
AUD/CAD SHIFT FROM 1 HOURAs we can see from 1 hour time frme there is market shift happen after break our last supply zone,in 30 min we may have an entry there so keep monitoring from there.
Idea for next week.The AUD/CAD pair has shown an upward movement on the four-hour chart, driven by a mix of market factors. Despite weak economic data from China, which weighs on the Australian dollar, recent gains have been supported by speculation around the Bank of Canada accelerating its rate cuts. The dovish stance from the Bank of Canada’s governor, coupled with falling oil prices, has weakened the Canadian dollar (CAD), giving the Australian dollar (AUD) room to strengthen.
The pressure on CAD is compounded by concerns over lower oil demand, particularly in light of the global economic slowdown. Meanwhile, AUD continues to face challenges due to its strong correlation with Chinese economic performance, although it has managed to outperform CAD in the short term.
AUDCAD LONG 0.937500 SOON!!FRIENDS..
We expect AUDCAD goin to reach 0.937500 soon cad will be weak and aud will try goin up
the bounce from lower channel will provide enough power to go up..
5 times and still cant break..
just try to find good entry for long with confirmation use minimum of 1h timeframe for a good confirmation
goodluck
remember to DYOR before opening position
AUDCAD SELLS- price seems more to be pulling towards sell side.
- I want that daily FVG for my sells. my sells bias will be violented if we close above that daily FVG.
- I always look for my entries during Killzones. for this pair it has to be between London session or Asian session.
- Risk management is always advised.
Good Luck
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AUDCAD has broke downward trendAUDCAD has broken downward trend line,rsi shows bullish divergence which is a sign of reversal
AUDCADmy strategy is to find SR levels, and then a consolidation, v formation and reversal. This pair is giving a good buy signal from here. TP1 is imminent, but a tp2 is also possible
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
AUD/CAD For Bearishyou can go short now
or
wait for entry point as pull-back and then go short
have fun :)
AUDCAD - 4hrs ( Sell Trade Target Range 140 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
0.90750 Area
Reasons
- Major Turn level
- Trend Break
- Visible Range Hvn
- Fibo Golden Zone
- week low
Bullish Reversal
0.89500 Area
Reasons
- Major Turn level
- Visible Range Value
- Pattern Target
- Choch Zone
- Fibo Golden
AUDCAD Bearish Momentum With Key Resistance Level.Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.91200 support and resistance area.
Trade safe, Joe.
AUDCAD My Opinion! BUY!
My dear friends,
AUDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.9109 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9160
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
13-11 AUDCAD13-11 AUDCAD This has been in a downtrend all day. We put in a sell at 0.90882 based on the negative scores of Retail sentiment -1 and Trend reading -1. All other factors are at 0. The Wage Price Index q/q came in at 0.8% last night which is a deterioration.
Technical Analysis of AUD/CAD: A Bullish OutlookAnalyzing the AUD/CAD currency pair, several technical indicators suggest a potential bullish trend:
- Fibonacci Retracement Levels: The pair has approached key Fibonacci retracement levels, which often serve as support zones where buying interest may emerge.
- Channel Pattern: AUD/CAD is nearing the lower boundary of a descending channel pattern. This area can act as support, potentially leading to a reversal or a bounce back within the channel.
- Psychological Support Levels: The pair is approaching significant psychological price points, which can influence trader behavior and act as support levels, encouraging buying activity.
AUDCAD- Bearish Entry with Bearish Flag Bullish ChannelBearish Indicator :
1- Formation of Bearish Flag Pattern
2- Formation of Bearish Channel
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9093
2nd Support – 0.9058
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Trendline Support and Divergence Hint at Possible UpsideThe AUDCAD pair is currently receiving support from a key trendline, with a divergence signaling potential upside momentum. This technical setup may indicate a shift in price direction as buyers defend the trendline support level.
BUY AUDCAD - Why you MUST analyze multiple time-framesTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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One sell leg for AUD/CADReason
1. Daily AO, MACD4C and MACD all moving back to zero line, so the daily bar still have room to drop
2. 4HR MACD signal and histogram below zero line, moving down signal
Confirmation to SELL
1. Waiting 15m and 1HR MACD signal to sell
AUDCAD - buyI'm waiting for price to break minor structure and then I'll be looking for buy positions
