AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 04/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

28%

33%

39%

My opinion

Bullish above 0.8919 CAD

My targets

0.8997 CAD (+0.0067)

0.9047 CAD (+0.0117)

My analysis

The bullish trend is currently very strong on AUD/CAD. As long as the price remains above the support at 0.8919 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.8997 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9047 CAD as an objective. Crossing it would then enable buyers to target 0.9191 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/CAD rating 0.8930 CAD. The price has increased by +0.25% since the last closing with the lowest point at 0.8903 CAD and the highest point at 0.8947 CAD. The deviation from the price is +0.30% for the low point and -0.19% for the high point.

0.8903

0.8947

0.8930

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8855	0.8891	0.8919	0.8930	0.8937	0.8997	0.9047
Change (%)	-0.84%	-0.44%	-0.12%	-	+0.08%	+0.75%	+1.31%
Change	-0.0075	-0.0039	-0.0011	-	+0.0007	+0.0067	+0.0117
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8849	0.8873	0.8890	0.8914	0.8931	0.8955	0.8972
Camarilla	0.8897	0.8901	0.8904	0.8908	0.8912	0.8916	0.8919
Woodie	0.8847	0.8871	0.8888	0.8912	0.8929	0.8953	0.8970
Fibonacci	0.8873	0.8888	0.8898	0.8914	0.8929	0.8939	0.8955

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8621	0.8701	0.8766	0.8846	0.8911	0.8991	0.9056
Camarilla	0.8790	0.8803	0.8817	0.8830	0.8843	0.8857	0.8870
Woodie	0.8613	0.8697	0.8758	0.8842	0.8903	0.8987	0.9048
Fibonacci	0.8701	0.8757	0.8791	0.8846	0.8902	0.8936	0.8991

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8619	0.8713	0.8763	0.8857	0.8907	0.9001	0.9051
Camarilla	0.8774	0.8788	0.8801	0.8814	0.8827	0.8840	0.8854
Woodie	0.8598	0.8702	0.8742	0.8846	0.8886	0.8990	0.9030
Fibonacci	0.8713	0.8768	0.8802	0.8857	0.8912	0.8946	0.9001

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.99
MACD (12,26,9):	0.0005
Directional Movement:	3.6949
AROON (14):	21.4286
DEMA (21):	0.8932
Parabolic SAR (0,02-0,02-0,2):	0.8947
Elder Ray (13):	-0.0001
Super Trend (3,10):	0.8906
Zig ZAG (10):	0.8927
VORTEX (21):	1.0759
Stochastique (14,3,5):	37.18
TEMA (21):	0.8932
Williams %R (14):	-73.08
Chande Momentum Oscillator (20):	-0.0007
Repulse (5,40,3):	0.0222
ROCnROLL:	1
TRIX (15,9):	0.0086
Courbe Coppock:	0.22

MA7:	0.8874
MA20:	0.8892
MA50:	0.8876
MA100:	0.8890
MAexp7:	0.8930
MAexp20:	0.8926
MAexp50:	0.8915
MAexp100:	0.8899
Price / MA7:	+0.63%
Price / MA20:	+0.43%
Price / MA50:	+0.61%
Price / MA100:	+0.45%
Price / MAexp7:	-0%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.35%

Quotes : - Real time data - Forex

News

The last news published on AUD/CAD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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