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Audcadshort

AUDCAD: BULLISH Power Fading...Great Short Opportunity!!!From our previous analysis, you can see that we managed to predict the BULLISH movement made by AUDCAD and we were looking for movement till this resistance zone. This will be an update from my previous analysis so if you yet to read it do check it out. Currently, what we saw from AUDCAD is BULLISH movement trying to breakout from this resistance zone but we saw some struggles which now give us a great BEARISH outlook. AUDCAD price level was unable to break this ichi cloud showing BULLISH strength. In fact, we see price starting to move downward from here. I will be looking to make a good SELL trade to the support level @0.9405 where I potentially see a trendline forming if AUDCAD will like to break up higher. I will update further movement at a later date as of now I will short this pair to the support zone. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
AUDCAD Roadmapcurrently, we are seeing price still respected and playing inside a bullish trendline channel, personally, I will wait for the price react to the 0.9554 resistance level, we need a solid price rejection on the resistance level before placing any sell order. potential downside target at 0.9440 support level **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
AUDCAD It will go to the rising trend line +180 PipsWelcome Back. Please support this idea with LIKE if you find it useful. *** It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Short
by Saeed966
2
AUDCAD - BEARISH BIASAUD - BEARISH 1️⃣ Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying tomorrow in a bid to boost Australia’s post-lockdown recovery. 2️⃣ China banned imports of Australian timber from Queensland over the weekend. CAD - BULLISH 1️⃣ Canadian economy grew by 1.2% over a month earlier in August, marking the fourth consecutive expansion and beating market forecasts of a 0.9% gain. 2️⃣ Risk-on market sentiment. ===== TECHNICAL ===== - We would like to sell this pair on SBR level + SMA50 area on H1 chart.
Short
by MonsunAsia
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller of the rallies as I feel that the market is trading a blue wave at the moment and therefore and change of view no matter how big or small, will cause a risk off mood and this trade should come into play. I have opened a short at 0.9360, SL 0.940 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway