What are the best indicators to use on tradingview for AUD/CAD in the cryptocurrency market?

5 answers

• Nov 23, 2021 · 3 years ago
  When it comes to analyzing the AUD/CAD pair in the cryptocurrency market on TradingView, there are several indicators that can provide valuable insights. One popular indicator is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals and momentum shifts. Another useful indicator is the Relative Strength Index (RSI), which measures the strength and speed of price movements. Additionally, the Bollinger Bands indicator can help identify overbought and oversold conditions. Remember to use these indicators in conjunction with other technical analysis tools and consider market fundamentals for a well-rounded analysis.
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• Nov 23, 2021 · 3 years ago
  If you're looking for a more simplified approach, you can use the Ichimoku Cloud indicator on TradingView. This indicator provides a comprehensive view of support and resistance levels, trend direction, and potential entry and exit points. It combines multiple indicators into one chart, making it easier to interpret and make trading decisions. Keep in mind that no single indicator can guarantee success in the cryptocurrency market, so it's important to use them as part of a broader trading strategy.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of the MACD and RSI indicators on TradingView for analyzing the AUD/CAD pair. These indicators can help identify potential trend reversals and overbought/oversold conditions, providing valuable insights for making trading decisions. However, it's important to conduct thorough research and analysis before making any trading decisions, as the cryptocurrency market can be highly volatile.
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• Nov 23, 2021 · 3 years ago
  When analyzing the AUD/CAD pair in the cryptocurrency market on TradingView, it's important to consider both technical indicators and fundamental analysis. Technical indicators like the MACD, RSI, and Bollinger Bands can provide insights into price movements and potential trend reversals. On the other hand, fundamental analysis involves evaluating the economic factors and news events that can impact the AUD/CAD pair. By combining both approaches, you can make more informed trading decisions in the cryptocurrency market.
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• Nov 23, 2021 · 3 years ago
  In the cryptocurrency market, there is no one-size-fits-all answer to the best indicators for analyzing the AUD/CAD pair on TradingView. Different traders have different preferences and strategies. Some traders may find success using indicators like the Stochastic Oscillator or the Average True Range (ATR), while others may rely more on price action analysis or candlestick patterns. It's important to experiment with different indicators and find what works best for your trading style and risk tolerance.
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