Black Friday saleUp to 70% OFF

CANADIAN DOLLAR / AUSTRALIAN DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

CADAUD trade ideas

💡Don't miss the great sell opportunity in AUDCAD Midterm forecast: While the price is below the resistance 0.9990, beginning of downtrend is expected. We make sure when the support at 0.9650 breaks. If the resistance at 0.9990 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.9899 on 2021-01-06 and the peak at 0.9989 on 2021-02-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 0.9990 on 02/22/2021, so more losses to support(s) 0.9775, 0.9715 and minimum to Major Support (0.9650) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 46. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (0.9990 to 0.9900). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (0.9990) . Ending of entry zone (0.9900) Take Profits: TP1 @ 0.9775 TP2 @ 0.9715 TP3 @ 0.9650 TP4 @ 0.9540 TP5 @ 0.9430 TP6 @ 0.9255 TP7 @ 0.9065 TP8 = Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
2
AUDCAD M30Price rallied in the NY SESSION on 5th February 2021 with the noticeable volume. And we are expected that price will pull back to yellow zone that also coincides with 38.2 fib level. The reason behind this huge volume being the price tested longterm trend line on Daily chart. After the pullback, we will be closely looking at the Price action in the YELLOW marked zone. This trade can possibly be have risk reward ratio of 1:4 on long position as shown. So good luck and happy trading everyone :-)
Long
by CaptainBinary
AUDCAD - SHORTDESCRIPTION The counter AUDCAD forms a descending channel . The counter's prices is moving between the top and bottom line of the channel from 05th February. The formation of the descending channel indicates the counter is in a bearish mode. The price is accumulating near the top line of the channel for the past 24hrs. Since the price didn't break the top-line, the bearish mode may continue further. The down-sloping movement of the MACD curves gives additional support to the description. If it breaks the top line of the channel, then there may be a chance of trend reversal. The major levels for this counter are R2 –0.9789 R1 –0.9767 PP –0.9751 S1 –0.9728 S2 –0.9712
Short
by WohlstandMarketsLimited
💡Don't miss the great sell opportunity in AUDCAD Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.95040). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.9456 TP2= @ 0.9457 TP3= @ 0.9435 TP4= @ 0.9396 TP5= @ 0.9355 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4