AUDCAD has been rejected at the daily resistance level forming a Double Top/ with a 4h Divergence. Sell Stops can be placed at the Neckline. Sentiments also indicate for a reversal
The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate...
The long-term channel remains bullish, although we're distant from the lower band. However, the mid-term bullish trend has been broken, and a short-term bearish channel is evident. We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone in blue. 🏹 Thus, the highlighted red circle...
AUD/CAD FX:AUDCAD has reached the 0.9000 psychological level. Also, we can see the price is completing an ABC correction. So today, the CAD data will determine the next move. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and...
AUDCAD is displaying a Mutli TF Divergence on the 1Hr and 4Hr with a double Top Pattern on both TFs. A reversal for AUDCAD can be expected news being the catalyst.
Price has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 0.88987 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88491 Why we like it: There is a pullback support...
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...
Price has currently bounced off the buy zone which is an overlap support level which aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.88418 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.87974 Why we like it: There is a pullback support...
AUDCAD is neutral on its 1D technical outlook (RSI = 45.713, MACD = 0.002, ADX = 36.219) as it is testing the 1D MA50 and 1D MA200 periods at the bottom of February's Channel Up. This is a technical buy opportunity on the lowest possible risk, since as long as the Channel Up holds, we can target a Higher High at +2.30% (TP = 0.90500) like the one before. If the...
Traders, In today's trading session, our focus lies on AUDCAD, with our sights set on a potential selling opportunity around the 0.88800 zone. AUDCAD is currently entrenched in a downtrend, undergoing a correction phase as it nears the crucial support and resistance area at 0.88800. Adding depth to our analysis, it's essential to consider the broader market...
In anticipation of tomorrow's trading session, our attention is fixed on AUDCAD, with a potential selling opportunity materializing around the 0.90300 zone. Currently entrenched in a downtrend, AUDCAD finds itself amidst a corrective phase, edging closer to the pivotal 0.90300 support and resistance area. It's essential to trade prudently, particularly as broader...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88300 support and resistance area. Trade safe, Joe.
The AUDCAD pair is on a Lower Highs rejected and ahead of a Death Cross formation on the 1D time-frame. Since 2022, we have seen two Falling Wedge patterns, which accelerated selling after the completion of a 1D Death Cross. The first target on both occasions was the 1.236 Fibonacci extension. As a result, we are bearish on this pair, targeting 0.86500 (Fib 1.236...
We updating last chart of AUD CAD, and adding one more position. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
My analysis on AUD CAD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
Hey Traders, In today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.88500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88500 support and resistance zone.
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88500 support and resistance area. Trade safe, Joe.