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...
🕵️♂️ 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...
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 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!
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...
AUDCAD Trade Analysis On the 4 hour timeframe, we are in a WCR, where we have a very strong support and resistance creating a nice range. Both the support and resistance have multiple different taps on them, showing that these are key areas where price are rejecting off. For the coming week, i am expecting price action the come lower, to test the support...
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.
Hi Traders ! On Friday 19 April, The AUDCAD Reached The Support Level (0.88012 - 0.88194). The Price Broke The Last Lower High (Choch). So, I Predict a Bullish Move 📈. ------------- TARGET: 0.89430🎯
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!
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...
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...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Sell AUDCAD which shows a clearly bearish divergence it a sign of an uptrend finish and may be moved for the distribution phase but we place a pending order here. if the news is in our favour the will definitely hit our target.
AUD/CAD has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.88963 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.88736 Why we like it: There is a pullback support level which...