Hello and have a good time I trade according to these analyses My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels. I hope it is your light
AUDCAD is trading in a bearish trend. After the price set a new local lower low, the price retraced to a solid horizontal resistance. After its test, the market violated a support line of a rising channel. We see a strong bearish reaction after its retest. The price will most likely keep falling at least to 0.8827 ❤️Please, support my work with like, thank you!❤️
AUD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88914 which is an overlap resistance. Stop loss is at 0.89315 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Take profit is at 0.88131 which is a swing-low support. High Risk Investment...
Although the AUDCAD appears to be in a consolidation phase, our outlook for the currency pair remains bearish. We anticipate an initial pullback to the 0.8940 area, where we plan to initiate a short position. Subsequently, the downtrend is expected to persist. This trade idea presents a favorable risk-reward ratio of approximately 2.5:1.
Waiting for an entry pattern at 0.88984 area to short AUDCAD back to key 4H level at 0.87476 If you agree drop a like and if you have any questions leave a comment :)
Hello,Traders! AUD-CAD went up to Retest the horizontal Resistance of 0.8895 So I am locally bearish Biased and I will be Expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Bearish Trend RSI Sync Sell Stop on breakout of previous LL
Found AUDCAD Short with confirmations in lower time frame. Target at the daily demand zone.
AUDCAD H4 : BULLISH CORRECTION IS CLEAR TO FLY Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are...
Good Day everyone, here is an idea for a Short opportunity! Price has reach EMA and we will expect it will continue to going down. Short now for a good 1 to 2 RR. so far we are up for 11R(Jan)
Hey Traders. in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89300 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance area. Trade safe, Joe.
Hello Traders! This is My idea related to AUDCAD H4. A very nice retracement from the OB, I expect a strong bullish move until the OB at the price of 0.89600. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and...
We recently had a break of structure, now the market came in to fill all the orders which were not filled. Objective of buyers now is to try to break the recently made high.
On AUD/CAD is nice to see strong sell-off from the price 0.88830, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Downtrend + Strong volume area is my...
welcome here is my audcad short idea this idea is based on price is trading under all moving averages and under the weekly pivot price is in downtrend since 28th december will we see new lows im thankful to see how this setup plays out
AUDCAD formed a huge head and shoulders pattern on a daily time frame. The neckline of the pattern was broken yesterday, and a daily candle successfully closed below that. I expect a bearish movement now. Next support - 0.878 ❤️Please, support my work with like, thank you!❤️
Bullish divergence on RSI Trendline broken Entry at break of previous LH