Audcadanalysis
AUDCAD - Short active ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance and rejected from 1H bearish order block + institutional mid figure 0.89500.
Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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AUDCAD Short Term Buy IdeaH4 - Bullish trend pattern, currently it looks like a correction is happening.
Price respected a strong support zone and is bouncing higher.
Bullish hidden divergence followed by continuing bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD broke and closed below the support level that became resistance.
The market is making low lows and lower closes in the descending channel.
Price action is likely to move down from the kill zone.
We expect a trend continuation trade.
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DeGRAM | AUDCAD pullback tradeAUDCAD is pulling back to the psychological level 0.90000 in the ascending channel.
The market is making low lows and lower closes, indicating a bearish trend .
Price action is likely to move down from the kill zone since we have a bearish trend .
We expect a trend continuation trade.
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AUD/CAD +200 Pips 0 Drawdown,New Entry Added To Who Missed FirstThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCAD Short Bearish gets strongerAustralia'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 therefore sensitive to broader commodity price trends.
AUD has been hurt by a mix of factors recently: a setback in risk sentiment amid the lack of meaningful progress in Washington over raising the debt limit, a trimming back of rate cut expectations after hawkish speak from US Federal Reserve officials, and underwhelming Australia data (jobs data being the most recent).
This puts increased focus on Australia retail sales data for April due Friday – forecast to have slowed to 0.1% on-month from 0.4% previously.A below-expected print could precipitate a decline in AUD. Also, a higher-than-expected US core PCE price index print (expected to remain flat at 4.6% on-year) could boost USD.
AUD/CAD’s fall below a horizontal trendline from April at about 0.8950 has triggered a minor double top (the April and the May highs), potentially exposing downside risks toward 0.8800. The bearish development follows a failure to cross above stiff resistance on the 89-day moving average (see the daily chart).
AUDCAD Buy TF H4 TP = 0.8947On the 4-hour chart the trend started on June 30 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.8947
But do not forget about SL = 0.8740
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
Potential Bullish Signal: Why I'm Watching the 0.875 Level?In the Daily charts, we've now retraced 100% of our last leg up . You can see right below the starting point of the leg up, we have a Weekly Demand/Buy zone beginning around the 0.875 level. Bulls might find this an enticing target for market entry, on a bullish signal.
This area could potentially be a 'STOP HUNT' zone. As we all know how retail traders often set their stops under swing lows, as taught in many trading books.
My buy strategy involves seeking buy signals as we approach the 0.875 level. There might be a brief plunge to this level, followed by a sharp upward move.
This is a short term trade idea , my target will be aiming for the 0.90 area with a stop loss set below 0.863. I will be looking for bullish signals on the lower timeframes using my TRFX indicator.
I hope you find this analysis helpful. Happy trading!
AUD/CAD Giving Good Bullish P.A , Can We Buy It Now ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCAD Long Term Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity on AUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
AUD/CAD - Short; Decisive break, SELL this this for good.Lock and load (Short) and forget it. The Chinese collapse will take down the Aussies, right along with them. 'nough said.
(Might wanna amuse yourself with the Aussie real estate bubble! They have built enough - empty, ridiculously overpriced - stuff to house half of China. - Perhaps the half that is about to lay down and die, due to old age?! ...) Pahleeeease ...