The previous bullish drive and price resistance against supply from the area supported by the cloud and moving average could provide the potential for renewed growth.
The AUDCAD pair has been trading within a Channel Down since the February 09 High, having failed to achieve any 1D candle closing above the 1D MA50 (blue trend-line) since July 26. The current price action resembles the start of the Channel Down. Based on symmetry, we have one last Lower Low to achieve and then we should be expecting a rebound to test the 1D MA50....
My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 0.8637 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 - 0.8684 Recommended Stop Loss - 0.8616 About Used...
My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 1.8667 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 - 0.9709 Recommended Stop Loss - 0.8643 About Used...
AUDCAD Channel: RED WK Pivot: RED AOB: WP CON: EngB SELL Stop: 0.86654 Stop Loss: 0.87157 TP01: 0.86151 DWR present as a sell setup on 18SEP, with Channel and Pivot are red bouncing of weekly pivot However, trade is not taken/considered as it differs from our Market Analysis Bias. SPX500: BUY DXY: SELL OIL: SELL GOLD: BUY Reference to our...
AUDCAD Channel: RED WK Pivot: RED AOB: WP CON: SBB SELL Stop: 0.86740 Stop Loss: 0.87410 TP01: 0.86070 DWR present as a sell setup on 18SEP, with Channel and Pivot are red bouncing off weekly pivot. However, trade is not taken/considered as it differs from our Market Analysis Bias. SPX500: BUY DXY: SELL OIL: SELL GOLD: BUY Reference to our...
Hello traders, There are two entry and and two TPs for this chart. Levels calculated order_block, regarding support and resistances, channel and pivot points.
Analyzing the AUDCAD currency pair, we observe a bearish shift in market structure evident on both the 4-hour (4H) and daily (1D) charts, characterized by a substantial downward movement. My focus lies on identifying a potential trade opportunity during the retracement phase, capitalising on the imbalances evident within the chart. I encourage you to watch the...
AUDCAD is on a daily support where we see a possibility for a strong buy back again considering the historical price action. Here we have see this pair has formed a descending channel pattern which requires a bullish breakout confirmations to validate the bullish rally expected.
Hey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.87500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.87500 support and resistance area. Trade safe, Joe.
Hi Traders! There is bullish momentum forming on the AUDCAD 1D chart as the pair looks to possibly retest the resistance area. Price Action 📊 There are higher highs and higher lows above the trendline support, and a bullish momentum candle is forming to break above the 20 EMA. Looking for a momentum break and a close above the 20 EMA for possible long...
AUDCAD Buy Stop Loss: 0.865 Targets: 0.872 0.874 0.876 0.879
A falling wedge is broken! More Bearish move is expected. Quarterly Resistance was worked well so those who want to take less risk as a result win less reward, could wait for a broken horizontal level of 0.8667
Wave 1 could be an expanding diagonal, and also it seems that we had enough correction. Let see what will happen
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88000 support and resistance zone. Trade safe, Joe.
Pair : AUDCAD ( Australian Dollar / Canadian Dollar ) Description : Completed Its Impulse and Correction and It can again make Impulsive move if Reject the Upper Trendline. Completed " 12345 " and " AB " Corrective Waves , Rejecting the Lower Lows / Lower Highs Trend with Strong Bullish Price Action
The price suffered a major decline between 22nd February 2021 (0.99901) to 10th October 2022 (0.86040) and the market bulls took over to correct the price to 0.95489 on 23rd January 2023. Since then, price has been a decline for the past consecutive 8 months in a descending channel. Price is nearing a yearly trendline support level which the bulls are...
SLO2 @ 0.9495 ⏳ SLO1 @ 0.9400 ⏳ TP4 @ 0.9356 (closing ALL Buy Orders) TP3 @ 0.9185 (shaving 25%) TP2 @ 0.9080 (shaving 25%) TP1 @ 0.8920 (shaving 25%) BSO @ 0.8766 ⏳ BLO @ 0.8666 ⏳ PA is officially trading in the Demand Zone. It appears that the DT retracement is over We should see this oversold instrument reverse in our favor towards the upside