The AUDCAD pair is currently exhibiting a Bearish Harmonic Pattern (XABCD), with Point D anticipated to act as a Potential Reversal Zone (PRZ). This analysis aims to identify strategic entry and exit points based on the confluence of multiple technical indicators. Key Technical Indicators Potential Reversal Zone (PRZ): Point D aligns with a significant Key...
My dear friends, Please, find my technical outlook for AUDCAD below: The price is coiling around a solid key level - 0.9082 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9099 About Used Indicators: The pivot point itself is...
The AUDCAD has been in a strong bullish trend as evident on the daily time frame. We are looking for a trend continuation opportunity if price action plays out as described in the video. Throughout the video we discuss the trend, price action, market structure and other important aspects of technical analysis, and we look at a potential trade idea. Remember,...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as...
Pair Name : AUD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long After Retest ) Type : Mid Term Swing ——————————— Bullish...
In the h4 time frame, it is moving in a descending channel, which is currently supported in the midline of the channel and the green box area, and can continue its growth up to the neckline and the supply area. 💎 Then, with a pullback, it will continue to grow by breaking the channel to the next supply area and filling the FVG gap. 💎 In addition, if the range of...
Hello Traders As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart. Now the price is inside a range, creating the double purge scenario for us. If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation. 💡Wait for the...
💹 Let's review the analysis of the AUDCAD currency pair that we did together some time ago and examine the possible positions. 📊 In higher timeframes, like other forex pairs, we are still within a range and merely oscillating in a long-term box, which provides suitable trends for us in shorter timeframes. 📝 In past analysis, we mentioned that after breaking...
The long-term channel remains bullish, although we're distant from the lower band. However, the mid-term bullish trend has been broken, and a short-term bearish channel is evident. We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone in blue. 🏹 Thus, the highlighted red circle...
Hello traders, we want to check the AUDCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 0.89800. Good luck
A #short trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.90717 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum...
My dear friends, My technical analysis for AUDCAD is below: The market is trading on 0.9059 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8998 Recommended Stop Loss - 0.9098 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
AUDCAD printed AB=CD Pattern followed by a bearish divergence on RSI. Potential Bearish shift is expected. Entry is suggested on the breakout of previous low. Stop loss on previous high. TP Levels are suggested based on RRR of 1:1 and 1:2
According to the previous analysis, after correcting to the first green box area and making a buy OB, an uptrend started at the red box area. 💎 But in the 1h time frame, it is moving in an ascending channel, which is currently in the supply zone, which can be determined to be a swing zone or a trading node, which is around the middle of the channel, considering...
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill that huge imbalance and then to reject from trendline + institutional big figure 0.90000. Fundamental news: This week on Friday...
Here is our detailed technical review for AUDCAD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.904. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.902 level soon. P.S Overbought describes a period...
AUDCAD Rallied significantly to the upside and now we are witnessing a revisit back on a major resistance zone. Here we are expecting to see a potential reversal to the downside. On the following highlighted zone we have seen a strong selling pressure on the left earlier when the price meets in this region. More importantly, the price of the AUDCAD pair has...