I am looking to go long on Audcad if it breaks the resistance trend line and retests the support zone. If it breaks the support and the trend line below, I will be looking for short opportunities
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...
Hello,Traders! AUD-CAD is falling down But will soon hit a horizontal Support line and after the Retest we are likely to see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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 this video, we delve into a comprehensive technical analysis and trading concept for AUDCAD. Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to...
Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.890. The above observations make me that the market will inevitably achieve 0.899 level. P.S We determine oversold/overbought condition with RSI...
Overview: AUD/CAD completed XABCD harmonic pattern, finding strong rejection at point D (0.87200). Price now re-testing key support, suggesting bullish potential. Entry: Consider entry at current price 0.88160 to align with anticipated bullish sentiment. Risk Management: Place stop-loss at 0.87200 to mitigate downside risk. Profit Targets: TP-1:...
Hello traders, we want to check the AUDCAD chart. The price is moving in an ascending channel and we expect the identified resistance level, which the price has reacted to several times in the past, to stop the upward trend and the price to fall to around 0.89000. Good luck.
Welcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Identified a potential trading opportunity in the AUD/CAD currency pair that we believe warrants attention. Please note that trading forex involves inherent risks, and this recommendation should be carefully considered within the context of your own trading strategy and risk management practices.
H1 - Bullish trend pattern. Currently it looks like a pullback is happening. I expect the price to move higher further in the short term until the strong support zone holds.
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...
Utilizing the daily timeframe as the cornerstone of this analysis, an opportune moment presents itself to engage in a sell position at the prevailing resistance level. Embracing calculated risk, I anticipate potential downside movement in the imminent days. Let us observe with keen interest the unfolding dynamics of the market and discern the outcome of this...
In my analysis of AUDCAD, I pinpointed a specific area marked by ultra-high volume, suggesting a potential retest of this zone. It's worth noting that such areas are typically revisited in the majority of cases, prompting the question: am I anticipating weakness in this currency pair? Maybe, maybe not... Let's delve deeper. Examining AUDCAD on the weekly...
I am looking at going long on AudCad as it is bouncing off the strong support/resistance zone and the support trend line. My setup will be invalid should the trade close below 0.88000
AUDCAD has approached the 4h supply zone created with the recent trend breakout identified. Here we expect to see a potential reversal back towards the trend line or previous OB following the selling pressure. This is expected to follow a retracement close to 38%-50% on the Fibonacci.
The Inflation Deflator has printed a double sell signal. Further confirmation is seen as Make That Money has also printed a sell signal in the same price range. This correlates with a retest of 4h supply zone. We should see a nice drop down to 0.8840