The AUD/CAD currency pair is currently indicating a favorable buying opportunity, with the buy zone identified at 0.89673. This suggests that traders may consider initiating long positions in anticipation of potential price appreciation. Moreover, strategic profit-taking levels have been established to optimize gains, with targets set at 0.89878, 0.90025, and...
AUDCAD- Possible Reversal, Sell (CMP- Once Market Opens) SL: 0.89583 TP-1: 0.89015 (1:1) TP-2: 0.88719 (1:2) TP-3: 0.88041 (1:4.5) 💡 Trade Confluence - Bearish Divergence, Key Resistance Level, 95% Bearish Sentiment
The market is updating the swing highs and higher lows. On the 4H timeframe, it's approaching the two resistance zones. The market usually tests the level, which is higher or lower. FX:AUDCAD broke and closed above the swap zone, and it broke the key level at 0.89500 because the price respected the level multiple times before. The market is ranging after an...
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...
The dollar remains strong and as long as it climbs the AUDCAD is going further down. At the moment the triangle scenario seems a little bit more favorable as compared to a regular wave B up. Until further notice I remain bearish on AUDCAD!
AUDCAD in Bullish Trend with Cup & Handle chart pattern indicating continuation of bullish trend.
AUD/CAD expected to go down, AUD/CAD there is Bearish divergence in play
Trend Continuation due to cup and handle pattern. No divergence on RSI. Significant levels marked
🕵️♂️ Let's dive into analyzing the Australian Dollar against the Canadian Dollar and see how they compare to each other. We'll focus on lower timeframes for this analysis. 📅 As we start the first day of the week, the market has just opened, and traders are awaiting the American session for their trading activities. Typically, we see increased volume during this...
On a 4 hours timeframe, AUDCAD printed a Bullish Flag with no signs of a Bearish Divergence suggesting a Bullish Continuation. Entry is suggested at the breakout of pole, with stop loss on the previous Higher Low. TP levels are defined with RRR of 1:1 and 1:2
AUDCAD in the ascending channel between the trend lines. The chart has reached the dynamic support. The price held above the support level coinciding with the 50% retracement level. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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.
Identified an hourly channel breakout on this pair where we may see a retracement to the downside following the bottom-level support highlighted. This level of support held close to 38% on the Fibonacci retracements. A well-managed short position might generate something in between 30-50 Pips worth of profits.
AUDCAD is displaying a Mutli TF Divergence on the 1Hr and 4Hr with a double Top Pattern on both TFs. A reversal for AUDCAD can be expected news being the catalyst.
AUDCAD is moving in an ascending channel. The chart has broken the trend line and now it acts as a dynamic support. After touching the dynamic support, the price has twice formed a bullish takeover. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Price has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 0.88987 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88491 Why we like it: There is a pullback support...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8951 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.8989 which is a level that sits above a pullback resistance. Take profit is at 0.8904 which is a pullback support that aligns...