The AUDCAD currency pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line, providing a strong confluence for a bearish bias. Potential Reversal Zone (PRZ) and Key Resistance: Point D is...
Here is our detailed technical review for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.911. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.919 level. P.S Overbought describes a...
Hello,Traders! AUD-CAD is already making A rebound from the horizontal Support of 0.9047 so we Will be expecting a further Local move up on Monday Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
AUDCAD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short AUDCAD Entry - 0.9099 Sl - 0.9117 Tp - 0.9072 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.910. The above observations make me that the market will inevitably achieve 0.900 level. P.S Overbought describes a period of time where there has been...
Here is our detailed technical review for AUDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.905. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.908 level. P.S We determine...
Hello,Traders! AUD-CAD has retested The local horizontal Support level of 0.9050 From where we are already Seeing a bullish rebound So I think that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
OANDA:AUDCAD Price has failed to breakthrough previous lows anticipating large volume of buyers to enter in the market, which will help us gain 200+ pips . Please use accurate risk management while following this idea. Do your own research too. **If you like our idea, then comment and like the idea which will help us encouraged** Team SetupsFX_
Looking at the chart of AUDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
💹 Let's dive into the analysis of this favorite forex pair of mine! We'll update our previous analysis and check our triggers together for the upcoming week. ⏳ Higher Time Frame Analysis: In higher time frames like the weekly, similar to most forex pairs, AUD/CAD is oscillating within a long-term box. We observe the fluctuations and trends more clearly in lower...
Preferred direction: SELL Comment: On the last day of this month, we will most likely have a busy day, where all the main events for the Australian dollar will develop at the level of 0.66460 . As always, we highlight two scenarios for the development of events. Scenario №1 is the most probable expected maneuver in the market for today, where, most...
Script is currently under bearish trend and based on the chart patterns we can seek a quick scalping for short. levels identified on the charts as well.. DYOR (Do your own research)
The AUDCAD pair has been on a structured rise since the September 25 2023 Bottom, which technical is a Double Bottom formation for the long-term. The price is about to test the 1W MA200 (orange trend-line) for the first time since the week of March 20 2023 as well as the Lower Highs trend-line that started on the February 22 2021 High. Every time the pair...
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. Currently we are in a monthly pullback due to the break of market structure to the downside in a quasimodo type pattern. After...
Before price's previous break, it was in a consolidation where it eventually swept liquidity below support. It preceded to push to the upside with massive momentum where it eventually consolidated again, forming liquidity above an external range double top(or head and shoulders) and below an internal range support. Since price is currently in a bullish trend, it...
✅AUD_CAD made a bearish Pullback from the horizontal Resistance of 0.9077 so we Are bearish biased and we Will be expecting a further Local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
AUDCAD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long AUDCAD Entry Point - 0.9053 Stop Loss - 0.9034 Take Profit - 0.9091 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The AUDCAD pair has confirmed a trend breakout, and we are currently observing hourly consolidation forming within a flag pattern. This suggests potential further downside momentum, reinforced by the bearish signals for this pair. We anticipate continued selling pressure, likely bringing the pair back to the highlighted key level.