Audcadanalysis
AUDCAD Roadmapcurrently, we are seeing price still respected and playing inside a bullish trendline channel, personally, I will wait for the price react to the 0.9554 resistance level, we need a solid price rejection on the resistance level before placing any sell order. potential downside target at 0.9440 support level
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AUDCAD Long Setup price break the resistance and flipped the resistance to support
1% is risky trade not good R:R so keep you position lower
Good entry : 0.94350
Stop : 0.93
Stop : 0.9450 , 0.948 , 0.95 ,0.955
AUDCAD / SHORTPrice has pulled back to the trendline / resistance level, now we are looking to short
AUDCAD It will go to the rising trend line +180 PipsWelcome Back.
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It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
Technical Analysis - Weekly Forex Forecast - Audcad For Audcad the daily structure is bullish but the trend is bearish, we will monitor price action at the marked zone for any setup that might present itself.
📢AUD/CAD Possible setup for next week 🔔👍Looking at this pair, it's starting to the match criteria for a potential long setup. Possibly early next week sometime. It's on the watchlist 👀👀
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller of the rallies as I feel that the market is trading a blue wave at the moment and therefore and change of view no matter how big or small, will cause a risk off mood and this trade should come into play. I have opened a short at 0.9360, SL 0.940 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
AUDCAD ON A GREAT BUT RISKY ZONEAUDCAD
The price its at an important zone right, if you look at the weekly chart you’ll see that the price has respected this zone before at the same time of the year on a few years back and it was also consolidated there back in June 2020, so because of this we can expect anything from this pair but im hoping for the price to continue its movement on the down side and reach the targets. If the price respects the zone and uses it as a floor then we will be looking for buys, until then let’s wait for the retest of the zone as a ceiling before taking an entry.
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El precio esta en una importante en este momento, si nos vamos a ver la gráfica en una temporalidad mayor como la semanal o mensual podemos ver que el precio ha respetado esta zona en el pasado en este mismo tiempo del año de hecho el precio estuvo consolidado en esta zona tambien en Junio 2020, es por esto que podemos esperar cualquier cosa de este par al estar cerca de esta zona, pero yo espero que el precio siga su movimiento a la baja y logre tocar los targets. Si el precio llegase a respetar la zona como un piso entonces ahi estaríamos esperando compras; hasta entonces sigo esperando el precio respete la zona como un techo y siga bajando, pero primero esperemos su retesteo antes de buscar cualquier entrada.
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9409 and the downward trend line just above that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support yesterday and have since bounced. I remain a seller of the rally's. I have opened a short at 0.9380, SL 0.9420 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
AUDCAD ShortOANDA:AUDCAD
Nice retracement on this pair, pulled back and hit the 618 fib.
Double top at that level, also RSI divergence on the double top.
Will take half the position off at a retest of the recent lows at .09400 level.
Then roll stops and take the rest off at 127 fib
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9409 and the downward trend line just above that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. I have opened a short at 0.9403, SL 0.9420 (close) and finally a TP 1: 0.9347 TP2: 0.9303
AUDCAD BUY- Touch of supply zone, expected move upwards to fill the demand zone
- Uptrend formed, failing to break below to the next demand zone
- Target placed at the demand zone
- Stop loss placed below the supply zone.
Rejected Off the Resistance for AUDCAD!!!From our previous analysis, we managed to secure the BULLISH movement 0.9405 resistance level where we were planning to look out for a rejection or a break out. As of now, We managed to see a clean rejection and I will be looking to see price movement heading towards a strong support level. However, what we currently see is a short retest movement to a weak resistance at 0.9390. We should see a fall soon for this pair. Do keep a look out will be a good BEARISH trade to support!!!
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📢 AUD/CAD Long Opportunity ahead 👍This pair is looking good for a long. Broken a major trend along with major structure. Waiting on a retest or price action for an entry now. It's on the watchlist 👀👀 This pair is on the watch list 👀👀👀 If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
AUDCAD 2 IN 1 AUDCAD
On a bigger picture the price is walking a channel on a downside but right now its making a retracement to reach out the bigger dotted line to then come down again and reach our target near level 0.9324.
So we might have a 2 in 1 on this chart, we can take a long from this point to our purple line and then take the sell.
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Desde una perspectiva mayor el precio esta caminando en un canal hacia la baja y ahora esta haciendo un retroceso para tocar la linea mayor del canal para después de esto volver a bajar y tocar nuestro target cerca del nivel 0.9324.
Asi que podríamos decir que tenemos un 2 en 1 en este análisis ya que podemos tomar una compra hasta nuestra zona morada y luego después de ahi nuestra venta.
AUD/CAD Daytrade-execution!! SHORTAUD/CAD Daytrade-execution!! SHORT
27/OCT
Market-Sell : 0.93930
Stop-loss : Close Break 0.94240
Target : 0.92100
note :
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Good luck 👍
AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low.
Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4.
Please feel free to leave a comment and like if you agree
