This is my technical opinion and not a recommendation to buy or sell
AUDCAD hitting strong weekly resistance as CAD has hit strong support. A better view can be provided by reversing the name and looking up CADAUD in the chart. Awaiting stronger confirmation as it may retrace temporarily to the resistance area. TVC:AXY TVC:CXY FX_IDC:CADAUD
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.89000. Like, comment and subscribe to be in touch...
Some CAD CPI rubbish releases tomorrow. Maybe that will affect the direction of this trade idea. Maybe you shouldn't trade it because of the scary news.
after breakout from wedge and complete pullback...
Hello fellow traders, Today, we're keeping a close eye on a potential long opportunity in the FX:AUDCAD currency pair. Let's dive into the analysis: 📈 Upward Trend: The overall trend for this pair is in an upward direction, and it has been moving within an ascending parallel channel. 🛠️ Support Break: However, a noteworthy event has occurred - the support...
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: As I expected in my last analysis price rallied up, now I wait price to take liquidity above equal highs and then we could see a retracement to fill that huge imbalance lower. Fundamental news: This week on Friday will be released Unemployment Rate on AUD. If the result is negative, it will...
AUDCAD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the sell momentum continues the next target could be 0.87400 followed by 0.8700 region. What you guys think of this idea?
AUDCAD has recently experienced a bullish surge, confirming a breakout on the daily timeframe. Currently, the price is poised to retest a previously identified support level before potentially resuming its upward momentum. Should the ensuing pullback exhibit healthy price action in line with the bullish forecast, there is anticipation of a reversal near the...
We're hitting the same support zone as the previous week on the AUDCAD timeframe, we're entering a long position.
Had a great breakout of the falling wedge that I called out in an earlier idea (I missed the trade as it happened sooner than I expected), but now I believe we'll fall back from resistance (we can see some rejection on the daily) before confirming the trend change higher. No real fundamentals for this, pure price action.
Hello Traders In This Chart AUDCAD DAILY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity on AUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
AUDCAD has unfolded a compelling Bullish Shark Pattern trading setup on its weekly chart, offering amazing opportunities for those who engaged in the trade three weeks ago. For those who missed the initial move, a strategic move would be to await the market's respect of the Support Level on the 4-hourly chart. To identify this respect, one approach is to watch...
AUDCAD is falling towards midlevel 50% Fibonacci level, AUD weakness after the RBA interest rate hike with dovish statement which led to the downfall in AUDCAD and yesterday USD strength is also a another factor for the downward correction in AUDCAD. If risk trades getting traction this pair will bounce from .87450 level the possible upper side target will be...
Selling only after the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
I think that AUDCAD's price is currently on a support zone on the 4H timeframe. I am entering a long with a tight stop loss (just above the latest low candle). I am avoiding an EUR or USD pairs as we have some news today.
Our last signal on the AUDCAD pair (see chart below) was a dip buy within the width of the multi-month Channel Down: The Channel Up is adjusted as on Tuesday, the pair got rejected on the 1D MA200 (orange trend-line) forming the new Lower High. As the same time, the 1D RSI got rejected on its 5-month Resistance Zone and today the sell signal is confirmed by...