AUDCAD trade ideas
AUD/CAD Daily AnalysisThe MACD has produced a lower high when price has produced a higher high indicating a potential reversal is in sight. Check out what happened over December 2023 and January 2024 when there was a similar situation. Wait for the breakout before considering any sells as the market sentiment can change.
AUDCAD SELL IDEAWe can expect a rejection from price 0.9150 to the downside. Using 30 pips as SL and going for a 2-1 RRR.
AUDCAD TRADE SETUP 4HHello traders ,
This my idea for Long. AUDCAD Once 4H Candle Retest. I am ready to Long.
this is my ideas only. what you are flow your trading statistics you can continue.
If you need more my ideas follow me
Forex Trading Signal: AUDCAD MovementAttention Forex Traders,
We have observed key indicators and applied our EASY Quantum Ai strategy to generate a trading signal for the AUDCAD currency pair. Here are the specifics of the current trade setup:
Direction: Sell
Enter Price: 0.91435
Take Profit: 0.91236667
Stop Loss: 0.91605667
The current market conditions and analysis suggest a short-selling opportunity for AUDCAD. Here’s the rationale behind our forecast:
1. Technical Indicators: Our proprietary EASY Quantum Ai algorithm has identified a bearish trend forming. Key technical signals such as moving averages and the Relative Strength Index (RSI) indicate downward pressure.
2. Economic Data: Recent economic releases from Australia indicate weaker-than-expected economic growth, while Canadian economic data has shown relative stability. This disparity supports a bearish outlook for AUDCAD.
3. Market Sentiment: Market sentiment analysis shows a growing inclination towards risk aversion, leading investors to prefer the Canadian Dollar over the Australian Dollar.
For these reasons, we recommend entering a Sell position at 0.91435, targeting a Take Profit at 0.91236667. To manage risk, we advise setting a Stop Loss at 0.91605667.
Stay informed and trade wisely.
Happy Trading!
AUDCAD Sell/ShortAUDCAD looks like a good signal from here that has bounced off resistance, came back a bit, and seems to not be a strong higher low for AUDCAD. Our analysts and myself am calling a sell short here due to the fact this pair has repeated multiple patterns in the same way in the last few months and as well it has the best risk/reward ratio I have seen so worth the bet to make. Please follow the entry, SL, and TP. Please make sure to follow our page for more daily signals!
AUDCAD: Expecting Bearish Continuation! Here is Why:
The analysis of the AUDCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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AUDCADAlthough the bears are in control we can a fractals were formed suggesting a turn around is possible. SL and TP on the screen good luck!
Price also failed to break the previous days support
AUDCAD - shortShort as per my graph
Just for me own reference
- Not the best of trend change on a 4hr as it havent formed lower lows yet, however have reacted nicely , so entering at the retrace looking for lower targets
AUDCAD LongDaily Bias Bullish
Fundamental AUD is bullish and CAD is bearish
Price retrace back into H4 Support level that have not been brought for a long time. The level was strong and created long term rejection. H1 TF, price was rejected at the level and formed a Inverse H&S pattern with a strong bullish candle closing above the neckline (Resistance)
Set a long set up at broken neckline with target at Swing high R:R 1:4. SL below the H&S
AUD-CAD Bullish Bias! Buy!
Hello,Traders!
AUD-CAD is about to
Hit a horizontal support
Around 0.9050 and after
The retest the pair is
Likely to make a bullish rebound
Buy!
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AUD/CAD -H4 Med Term- Late Entry But Still Valid.Use good trade management only thing important in Trading is how you manage your trade...
our signals are 95% accurate give us follow and motivate us by likes and comments...
.. good luck..
AUDCAD strong long AUDCAD : Testing support at the key boundary where a bullback to 0.91114 is expected where 0.91238 may be tested and subsequently broken
AUDCAD Good Morning Traders!
Allow me to share my expectation on AUDCAD, Current market has been consistently forming HH-HL indicating bullish momentum, last week we anticipated a mitigation of the internal structure POI, which swept LQ then resulted into a new HH being formed.
Well above all else structure comes first, currently the price is within a bullish leg and a valid POI with LQ just above it. we might see price rejecting from that point and attempt to form new highs (Keep in mind on how our structure has been slowly forming immediate HH-HL indicating loss of momentum/or what was referred to a rising wedge pattern) but if that fails we do expect a further decline to a discount level which is in confluence with our FIB tool, the market might attempt to form a swing HL after taking out a Swing HH.
Thank You
AUDCAD SELL IDEAAustralia and Canadian dollars are best pair to trade now in confirm range and trend .
If the market come little down and retested, then we shut sell AUDCAD for little more BEARISH move..
Just wait for it patiently to milk the market..
Good luck
AUD CAD - Long1. AUD CAD broke the resistace level around 0.91376 after forming a bulllish rectangle.
2. A long position can be considered with stop loss around 0.9440 and TP around 0.91300
3. Bank of Canada has reducded the interest rate to 4.75% from 5% This indicates that central bank has dovish stance.
4. Australia central bank has hawkish stance as interest rate remained same at 4.35%
AUD_CAD SUPPORT AHEAD|LONG|
✅AUD_CAD has been falling recently
And the pair seems locally oversold
So as the pair has approached a horizontal support of 0.9050
Price growth is to be expected
LONG🚀
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AUDCAD is approaching a significant support areaHey Traders, in tomorrow's trading session we are monitoring AUDCAD for a buying opportunity around 0.90600 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
We would also like to consider the current bullish momentum on stocks, due to the positive correlation AUDCAD can benefit from that!
Trade safe, Joe.
AUDCAD 15 MINAs you can see I'll be short term bearish on AUDCAD, We need price to seek and take out the buystops above then a MSS, on the weekly timeframe, we have to create a high of the week, Intermediate Institutional Bias, Opening gap/Range....
AUDCAD - Trade Analysis and PlanDaily Time Frame: The 0.90425 to 0.90750 range, previously a strong resistance, has now turned into a solid support level and has held firm since May 15, 2024.
4-Hour Time Frame: A bullish flag pattern has emerged, indicating the potential for the market to reach the 0.92300 level.
Hourly Time Frame: The market appears to be testing the support level again, suggesting a possible bullish rebound.
Trade Plan:
Entry: Enter the market at the current market price (CMP).
Stop Loss: Place the stop loss below the support level.
Take Profit:
TP1: 0.91130
TP2: 0.91490
TP3: 0.91850
Extended Target: Hold the trade until the market reaches the 0.92300 zone.
AUD-CAD Support Ahead! Buy!
Hello,Traders!
AUD-CAD is trading in
An uptrend and the pair is
Going down to retest the
Horizontal support level
Of 0.9051 so as we are
Bullish biased we will be
Expecting a bullish rebound
After the retest of the support
Buy!
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AUDCADHere is a summary of your analysis and trade setup:
Trade Type: Long (Buy)
Entry Zone: 0.90793 - 0.90715
Stop Loss: 0.90440
This setup suggests that you are anticipating a bounce in the price from the 0.90793 - 0.90715 area.
If the price falls below 0.90440, you plan to exit the trade to limit your losses.
