AUD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 05/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.9057 CAD

My targets

0.9125 CAD (+0.0023)

0.9191 CAD (+0.0089)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9057 CAD. The buyers' bullish objective is set at 0.9125 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9191 CAD. If there is any crossing, the next objective would be the resistance located at 0.9511 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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

The AUD/CAD rating is 0.9102 CAD. On the day, this instrument gained +0.04% with the lowest point at 0.9069 CAD and the highest point at 0.9106 CAD. The deviation from the price is +0.36% for the low point and -0.04% for the high point.

0.9069

0.9106

0.9102

Here is a more detailed summary of the historical variations registered by AUD/CAD:

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

Near a new HIGH record (1 year)

Type : Bullish

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 AUD/CAD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

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	0.9047	0.9057	0.9097	0.9102	0.9109	0.9125	0.9191
Change (%)	-0.60%	-0.49%	-0.05%	-	+0.08%	+0.25%	+0.98%
Change	-0.0055	-0.0045	-0.0005	-	+0.0007	+0.0023	+0.0089
Level	Major	Intermediate	Minor	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9019	0.9045	0.9072	0.9098	0.9125	0.9151	0.9178
Camarilla	0.9083	0.9088	0.9093	0.9098	0.9103	0.9108	0.9113
Woodie	0.9019	0.9045	0.9072	0.9098	0.9125	0.9151	0.9178
Fibonacci	0.9045	0.9066	0.9078	0.9098	0.9119	0.9131	0.9151

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8935	0.8974	0.9000	0.9039	0.9065	0.9104	0.9130
Camarilla	0.9009	0.9015	0.9021	0.9027	0.9033	0.9039	0.9045
Woodie	0.8930	0.8971	0.8995	0.9036	0.9060	0.9101	0.9125
Fibonacci	0.8974	0.8999	0.9014	0.9039	0.9064	0.9079	0.9104

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8575	0.8678	0.8800	0.8903	0.9025	0.9128	0.9250
Camarilla	0.8859	0.8880	0.8900	0.8921	0.8942	0.8962	0.8983
Woodie	0.8584	0.8683	0.8809	0.8908	0.9034	0.9133	0.9259
Fibonacci	0.8678	0.8764	0.8817	0.8903	0.8989	0.9042	0.9128

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):	62.79
MACD (12,26,9):	0.0002
Directional Movement:	12.5312
AROON (14):	42.8571
DEMA (21):	0.9090
Parabolic SAR (0,02-0,02-0,2):	0.9072
Elder Ray (13):	0.0012
Super Trend (3,10):	0.9071
Zig ZAG (10):	0.9101
VORTEX (21):	1.0251
Stochastique (14,3,5):	87.88
TEMA (21):	0.9090
Williams %R (14):	-13.51
Chande Momentum Oscillator (20):	0.0023
Repulse (5,40,3):	0.1732
ROCnROLL:	1
TRIX (15,9):	-0.0026
Courbe Coppock:	0.07

MA7:	0.9067
MA20:	0.8996
MA50:	0.8930
MA100:	0.8897
MAexp7:	0.9094
MAexp20:	0.9089
MAexp50:	0.9085
MAexp100:	0.9074
Price / MA7:	+0.39%
Price / MA20:	+1.18%
Price / MA50:	+1.93%
Price / MA100:	+2.30%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.31%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/CAD at the time of the analysis were as follows:

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

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