AUDCAD FORECASTINGThis price is looking awesome, structures are good and price is at the key area so let's wait to see how the market will allow us to get in! Just remember confirmation matters.
Australian Dollar/Canadian Dollar
0.89292CADR
+0.00486+0.55%
As of today at 09:22 GMT
CAD
No trades
AUDCAD trade ideas
AUDCAD: Leveraging Probabilities for Strategic Long PositionsKey Fundamentals Supporting Bullish Bias:
- Recent strength in commodity prices, particularly iron ore, benefiting Australia's export-driven economy
- Expectations of a less hawkish stance from the Reserve Bank of Australia, potentially supporting economic growth
- Relative weakness in the Canadian dollar due to concerns over the housing market and oil price volatility
By utilizing probabilities in chart analysis, I can identify optimal entry points for AUDCAD longs while managing risk effectively. This approach allows for a more systematic trading strategy, aligning with the current bullish bias in the AUDCAD pair.
12M:
2W:
HOURLY TF:
AUDCAD Will Move Higher! Long!
Here is our detailed technical review for AUDCAD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.929.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.931 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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AUDCAD - Technical Analysis [Short Setup]🔹 AUDCAD Analysis on 1H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan
- Entry Level = 0.93494
- Stop Loss = 0.93746
- TP1 = 0.93264
- TP2 = 0.93008
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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AudCad Trade IdeaAudCad has been all over the place when it comes to structure but at the moment we are bullish. There's a level on the 4hr that I want to see price retest before possibly continuing those longs to 94000. If price can retest the 4hr level we would also get a retest of a weekly resistance level. We'll see what happens.
AUDCAD 19th September to 27th September 1 Hour Chart 3 of 5AUDCAD Formed and completed near perfect re-accumulation trading range breakout this week.
The range buying climax occurs back on the 19th September, a near perfect retest of the daily SMA creates spring revealing the last test of demand with price immediately rallying 80 pips to close on top of “signs of strength) in Phase B.
AUDCAD- Capitulation after retest?AUDCAD has made a test of the previous pivot high and has had a rejection with a single Gravestone Doji candle painted. It may make another attempt which would indicate returned bullish enthusiasm.
Failure of support of the trend fan-lines could indicate the start of a bearish retracement.
AUDCAD Long - SLs Patiently Waiting To Get DestroyedWell, there is not much to be explained besides of: Look at the weekly and the higher lows. How much of confirmation do you need, that we want to attack the upper range? Look at the 4h and tell me what you see? I see dozens of Shorts trapped and begging to stay alive. Green line needs to hold to validate this idea. Good luck.
