{"id":12085,"date":"2022-06-09T10:08:39","date_gmt":"2022-06-09T10:08:39","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12085"},"modified":"2023-05-10T10:11:42","modified_gmt":"2023-05-10T10:11:42","slug":"audcad-bearish-unless-the-1d-ma200-breaks","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/09\/audcad-bearish-unless-the-1d-ma200-breaks\/","title":{"rendered":"AUDCAD Bearish unless the 1D MA200 breaks"},"content":{"rendered":"

 <\/p>\n

The AUDCAD pair has been trading within a Channel Down pattern since the April 05 2022 High. Four days ago, it made a Lower High on the Channel Down and got rejected just below the 1D MA50 (blue trend-line), while also forming a Death Cross (when the MA50 crosses below the MA200). The 1D MACD is about to make a Bearish Cross, so it times well for a Sell trade to a new Lower Low, despite the significance of the 0.89100 Support, towards the 1.182 and 1.382 Fibonacci extension levels (the latter only if after a bounce the 0.89100 level rejects an uptrend attempt.<\/p>\n

On the other hand, if the price breaks and closes an 1D candle above the 1D MA200 (orange trend-line), as it did in late February 2022, be ready to counter with a buy, targeting the 2.0 Fibonacci extension around 0.94500.<\/p>\n

P.S. See a longer-term picture as presented by our last AUDCAD idea almost 2 months ago that based on a 2020\/21 fractal, it hit its target:<\/p>\n

\"AUDCAD<\/a><\/div>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/AUDCAD\/YYT54pGr-AUDCAD-Bearish-unless-the-1D-MA200-breaks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The AUDCAD pair has been trading within a Channel Down pattern since the April 05 2022 High. Four days ago, it made a Lower High on the Channel Down and got rejected just below the 1D MA50 (blue trend-line), while also forming a Death Cross (when the MA50 crosses below the MA200). The 1D<\/p>\n","protected":false},"author":611,"featured_media":12086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12085"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12085\/revisions"}],"predecessor-version":[{"id":12089,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12085\/revisions\/12089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12086"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}