AUDCAD is rising towards pullback resistance and could potentially break off this level and rise higher. Buy entry is at 0.88127 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.87586 which is a level that sits above the swing-low support. Take profit is at 0.88976 which is an overlap resistance...
AUDCAD has been in a downtrend but currently is at a 4H Support. Trade Bias - Support Hold Buy at Current Market Price and SL at lower support region. Market Sentiment 90% Longs Hourly Bullish Divergence
✅AUD_CAD is trading in a Downtrend and the pair Broke out of the bearish Flag pattern which reinforces Our bearish bias and makes me Expect a further bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Well, the price reached the extreme demand zone in the daily chart. As you can see the price created the liquidity pool above the demand zone and had a bullish reaction after sweeping the liquidity and hitting the demand zone. Now, we can expect two different scenarios for uptrend. 1. The price can start rising from here because it hit an important level and...
The AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell...
Here's a simplified analysis for AUD/CAD: Long-term view from the weekly chart indicates a bearish trend. Mid-term perspective on the daily chart shows a broken bullish channel, replaced by a bearish one. Considering fundamental factors: Escalating tensions in the Middle East may increase the chance of the Beijing-Taipei conflict, potentially impacting AUD...
Hello Traders! This is my forecast for AUDCAD H1. I expect a bullish move on H1 if the retracement will be valid. I expect a rise until the OB around the price of 0.89700. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
As you can see clearly the price was moving in a bullish momentum, then began to forming a double top pattern, then broke out the support zone and returning to test it, currently we are starting to see reactions from sellers, so I expect a decrease in the price of the Australian dollar against the Canadian dollar.
Hello,Traders! AUD-CAD went up to retest The horizontal resistance Of 0.8906 from where we Are already seeing a Bearish reaction so I Think that the pair Will go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
In the 4-hour period, it is moving in an ascending channel, which can correct its previous wave up to 61.8 and then enter the correction phase of its previous wave. Therefore, if there is a reaction in the specified limits by forming a negative divergence in the macd oscillator, the return wave can continue up to the green box range. In addition, the return wave...
AUDCAD is on a bearish trend on HTF but currently on a retracment. Giving us HH and HL which makes it bullish on the smaller TF Price retracing to the LQ found @0.88664. Im looking at it grabbing that and moving down to the OB below before buying up. Looking at entry @0.88583 We wait to see market reaction on that block.
hello everyone, so far the monthly and weekly candles are bullish... price is overbought in smaller timeframe... price may do some correction in smaller timeframe so you can get in as low as possible... other causes of correction could be the news.. AUD and CAD news can manipulate the price.. overall we still need to wait on the monthly candle closing bullish. good luck
Dear traders, Dive into the AUD/CAD realm with a blend of geopolitical insights and technical signals: Before we venture into any further downward potential, keep a close eye on the critical level around 0.8822 for potential breakthroughs. Here's the geopolitical and technical mix in our AUD/CAD analysis: Geopolitical Considerations: Wednesday's Bank of...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89000 support and resistance area. Trade safe, Joe.
My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 0.8852 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8863 About Used Indicators: Super-trend indicator...
Consider selling AUDCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
the price created a pattern of double top and the neckline is broken so we can enter sell trade now
AUDCAD is trading in a bearish trend. After the price set a new local lower low, the price retraced to a solid horizontal resistance. After its test, the market violated a support line of a rising channel. We see a strong bearish reaction after its retest. The price will most likely keep falling at least to 0.8827 ❤️Please, support my work with like, thank you!❤️