AUDCAX trade ideas
AUDCAD-Symmetrical TriangleOn the last trading session the pair finally made a break from it symmetrical triangle giving a breakout and also crossing its previous LH. Currently the pair has come to retest the break out zone and looks like it have has found support above the trendline. On the other hand the AXY is showing bullish signe as compared to CXY.
This pairs is both strongI'm interesting to analysing this pairs how buyer & seller fight & AUD try hard to go up by trying sometimes.
AUDCAD triangle Hello traders,
A triangle has been formed in the chart! This is the path suggest for the pair. However Due to news release of Canada, there might be some surprises in the path, I have my positions open with lower volume and will move my SL to just the point of news release.
Any breaks out of triangle would make new setups available.
Best regards, Ali
AUDCADThis is the move I am expecting AUDCAD to make, a move upward to take out the previous lower high before aiming for the higher high.
2nd Entry Long AUDCADAC made a good push today to a higher high. Expecting price to move down for the pullback and continue its trend up
Trade Alert: AUDCAD Sell SignalDear Traders,
We have a SELL signal for the AUDCAD currency pair, based on our proprietary EASY Quantum Ai strategy. The analysis suggests a short position with the following parameters:
- Enter Price: 0.91047
- Take Profit: 0.90877333
- Stop Loss: 0.91267333
Rationale for the Trade:
1. Technical Indicators: Our strategy has identified a bearish trend on the AUDCAD pair through multiple technical indicators, including moving averages and momentum oscillators. This downtrend is confirmed by declining RSI values and a recent death cross in the moving averages.
2. Fundamental Analysis: Recent economic data from Australia indicates weaker-than-expected growth and a dovish stance by the Reserve Bank of Australia (RBA). In contrast, Canadian economic indicators have shown resilience, especially in the trade balance and employment sectors. This economic divergence provides a strong case for the Australian dollar's weakness against the Canadian dollar.
3. Market Sentiment: Market sentiment analysis indicates increased bearish positioning on AUDCAD, with large institutional traders favoring short positions.
Please ensure you follow risk management practices, setting your Stop Loss at 0.91267333 and aiming for the Take Profit level at 0.90877333. Stay vigilant and monitor the trade closely for any market changes.
Happy Trading!
Best Regards,
EASY Quantum Ai Team
AUDCAD - SELL
Just got alert CAD Index dropping break of Support
CAD is Stronger than AUD on Currency Meter
USD is actually raging but this hit the radar
USD does help the CAD correlation related
Canadians are nice people and so are Americans
We are heading for Return to Previous Levels
On Lower Time Frames more than 3 Consecutive Candles in a Row is a Good Signal Institutions or Big Fat Banks are behind the move.
Lets see : )
Sell audcad I’m looking at the intraday trade opportunity with a remarkable sell opportunity.
Sell with caution!
Bearish drop?AUD/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop from this level to the pullback support.
Pivot: 0.91309
1st Support: 0.90987
1st Resistance: 0.91553
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AUDCADHi guys,
In this chart i Found a Demand Zone in AUDCAD CHART for short term trading entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
AUDCAD...UT ContinuationRecent price action forming bullish chart patterns after retesting support levels @ 0.9108. Additionally, the interest rate differential between Australia (hawkish) and Canada (dovish) could favor the AUD.
AUDCAD What Next? BUY!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9068
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9095
Recommended Stop Loss - 0.9051
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Short on AudCadThe price has formed a lower low, and in the continuation of the downtrend, it is also forming lower highs. The point to note is that we have an engulfing pattern at the bottom, and now we have reached a fresh supply zone where a low-risk short position can be taken with a risk-to-reward ratio of 2.
Trade simple.
AUDCAD Will Go Higher From Support! Buy!
Here is our detailed technical review for AUDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.906.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.911 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
AUDCAD BUY IDEAOverall trend for this pair is bullish. I anticipated that the price will trigger my entry and try to reach the 4H TF supply zone. This is just my own analysis.
Trade at your own risk!
AUD_CAD LOCAL LONG|
✅AUD_CAD will soon retest a key support level of 0.9050
So I think that the pair will make a rebound
And go up to retest the supply level above at 0.9096
LONG🚀
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AUDCAD - 4hrs ( Sell Trade Target range 150 PIP ) ☑Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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✔️Bearish Break
0.90800 Area
Reasons
- Pattern Break Out
- Visible Range Hvn
- Inner Choch / 4hrs
- Major Choch / w
- Day + week low
- 3Q High + 2Q High Braek
- Month High break
- FiboGolden Zone
✔️Bullish Reversal
0.89000 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break
AUDCAD Within a large corrective patternAUDCAD Within a large corrective pattern
AUDCAD is developing within a large corrective pattern for a long time.
After price rejected near the top of the pattern, it is likely to be tested
0.9040 - 0.9060 area soon.
If the price manages to break through this zone, we could see AUDCAD falling further to 0.9020.
However, the first zone acted as a strong support for a long time and we should be careful as it can easily bring the price back.
So let's see what happens.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCAD...UPTRENDStrengths of the Australian Dollar (AUD):
Australia plays a significant role in the global market for commodities such as iron ore and coal, which have experienced a notable increase in prices. The AUD can benefit from strong global demand and recent price increases for these commodities, as exports become more valuable.
RBA Taking a More Assertive Stance:
The Reserve Bank of Australia (RBA) has taken a more assertive stance compared to other central banks such as the Bank of Japan, by increasing interest rates in order to address inflationary pressures. This could potentially increase the appeal of the AUD for investors who are looking for higher yields.
Increased Bond Yields: Australian bond yields have reached their highest levels in five years, which could potentially make the AUD more appealing to foreign investors and strengthen its position.
Weaknesses of the Canadian Dollar (CAD):
Gentler Rate Increases:
The Bank of Canada appears to be adopting a more cautious approach in terms of increasing interest rates, in contrast to the RBA. This may decrease the appeal of the CAD for investors looking for greater returns.
Oil Price Volatility:
Although Canada is a significant oil producer, fluctuating oil prices can lead to unpredictability for the CAD.
SUMMARY
The AUDCAD uptrend could be influenced by the AUD's support from rising commodity prices and the potentially less hawkish stance of the Bank of Canada compared to the RBA.
Daily potential harmonic on audcad Looking to take a short in the harmonic kill zone that is loading up soon
Either it will hit tp1 and reverse to target the liquidity above
Or
Continue working its self lower in a bearish trend
Paytience pays / let the market show what it will give us
AUD-CAD Local Long! Buy!
Hello,Traders!
AUD-CAD is going down
And the pair will soon
Hit a horizontal support
Of 0.9056 and after the
Retest we will be expecting
A local bullish rebound
Buy!
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