The AUDCAD pair has been on a strong rise since the July 13 Low on the 1 year Lower Lows zone. That was a buy signal that we posted exactly a month ago:
The rebound has now reached the critical 1D MA200 (orange trend-line), which has been the Resistance in the past 3 months. The last Lower Low on January 28 2022, had a rally that did break above the 1D MA200...
The AUDCAD pair dropped sharply yesterday, negating the gains of the past 5 days combined. In doing so, it touched again the Lower Lows zone trend-line that started after the July 30 2021 Low and has been supporting with rebounds ever since.
With the 1W RSI well within its own Buy Zone since July 01, this is a solid buy opportunity at least on the short-term...
AUDCAD could not go higher.
A major resistance zone at 0.889000 holds the price.
We can see multiple rejections, which means bears are still in control.
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The AUDCAD pair has been trading within a Channel Down pattern since the April 05 2022 High. Four days ago, it made a Lower High on the Channel Down and got rejected just below the 1D MA50 (blue trend-line), while also forming a Death Cross (when the MA50 crosses below the MA200). The 1D MACD is about to make a Bearish Cross, so it times well for a Sell trade to a...
AUD-CAD is retesting a resistance cluster AT 0.9080
Which makes me bearish biased on the pair
And as we are already seeing some bearish price action
I think that the next move will be downwards
To retest the target level below AT 0.8890
The AUDCAD pair just hit the 1D MA50 (blue trend-line) after a rejection on the 0.95200 level. This resembles the February 25 2021 rejection of a similar 1-6 fractal in late 2020/ early 2021. We do expect a test of the 0.89125 low by Q3, however are prepared to take the loss and turn to buying if 0.95200 breaks, which is the invalidation line.
Most recent AUDCAD...
With the current structure, the Aussie appear to extend gains above 0.95 in the coming week(s). As of the time of publication, a reversal set-up has been identified within the demand zone at the 0.934 area where we shall be looking for a signal to buy at a breakout of the key level which also serves as the neckline of the reversal structure.
Risk...
AUD-CAD broke the rising trend-line
Then went up to retest the broken level and horizontal resistance at 0.94300
From where I am expecting a local bearish reaction
And a move down to retest the target below 0.91700
The scope of a very strong bearish momentum on the daily time frame and a reversal set-up (double top) within the major supply zone at C$0.92400 shares a confluence with the bearish trendline to signal a selling opportunity for us in the coming week(s).
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double...
Hi TRADERS this is my trade set up for the AUD/CAD
AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like...
AUDCAD is in a long Bearish Trend . It Tends To create a New Higher Low but Seems like the zone is being proved more powerful preventing Price to go Up . A lot of consolidation also happened in the zone and now it seems price going down. It would be a Good 150 Pips Shorts Setup.
Pattern: Bearish Megaphone on the 1D time-frame.
Signal: Buy as the price hit the bottom (Lower Lows trend-line) of the Megaphone while the 1D MACD is about to print a Bullish Cross, which since August has signaled a rise.
Target: The 1D MA200 with a rough projection at...
#AUDCAD As you can see the Bullish trend, Buy AUD. I already mention stop loss and take profit ratio in my chart. I believe this pair is going to shoot up. Might take some time but will get there.If you like my idea kindly follow me further updates. Thanks
