Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill that huge imbalance and then to reject from trendline + institutional big figure 0.90000. Fundamental news: This week on Friday...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as...
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...
I am in a beautiful sell position on AUD/CAD. As we can see from the chart a quite significant trendline has been broken in conjunction with the MA 50 / 20 crossing over nicely on the 1HR timeframe. Also if you go to the daily timeframe the previous candle low has been traded through confirming potential downside. I will be targeting the asia low that I have...
There is a clear head and shoulders pattern on the daily chart. Lower time frames also support a bearish bias. The beginning of the right shoulder presents a great entry point. It is also a great opportunity for mean reversion traders.
Bearish Trendline at 4-Hour Time Frame: AUDCAD has been following a bearish trendline in the 4-hour time frame, indicating a prevailing downward momentum in the market. Observation of Dow Theory: Additionally, the market has been adhering to the principles of Dow Theory, reinforcing the bearish sentiment. Retracement and Rejection: A retracement up to the...
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.
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...
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
Overview: AUD/CAD is nearing a critical resistance at 0.88450, suggesting a potential downward move. Key Levels: - Resistance: 0.88450 - Stop Loss: 0.88850 - Take Profit Targets: - TP-1: 0.88050 - TP-2: 0.87700 Analysis: - Bearish Bias: The probability of downward movement is high. - Entry: Consider short positions on a re-test of 0.88450. - Stop-Loss:...
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to take liquidity above equal highs and to fill the imbalance, then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
Waiting for a break and retest of 0.88341 to short AUDCAD back to 4H swing lows at 0.87279 If you agree drop a like and if you have any questions leave a comment :)
Examining AUDCAD, I've pinpointed a solid SHORT opportunity. The pair is exhibiting bearish signals, including a failure to break past key resistance and a notable trend of lower highs, indicating weakening momentum for the AUD against the CAD. Technical indicators such as the RSI dipping towards overbought levels and a bearish MACD crossover further validate this...
On an hourly timeframe, AUDCAD printed an Evening Dogi Star followed by a series of Lower Highs and Lower Lows which suggests a potential downward momentum.
Hello guys! its your girl forex potato, i have followed this pair for over a month now looking for signals, finally found one having missed NZDCAD entry. AUDCAD has been a consistent downtrend for a long time now, it retraced and and now the trendline formed from pull back has finally broken and price is showing a sign of weakness indicating that the sellers are...
Diving into the dynamics of the AUDCAD pair with a comprehensive analytical lens, I've identified a compelling SELL signal. This bearish inclination is not based on a single indicator but on a confluence of technical patterns and economic fundamentals that suggest the Australian Dollar may face downward pressure against the Canadian Dollar. The technical analysis...
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