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AUD/CAD
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 03/06/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.9191 CAD
My targets
0.9139 CAD (-0.0017)
0.9098 CAD (-0.0058)
My analysis
The bearish trend is currently very strong for AUD/CAD. As long as the price remains below the resistance at 0.9191 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9139 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9098 CAD as an objective. Crossing it would then enable sellers to target 0.8931 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1

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.

Pietertjie
This analysis was given by Pietertjie. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/CAD price is 0.9156 CAD. The price is lower by -0.53% since the last closing and was traded between 0.9148 CAD and 0.9200 CAD over the period. The price is currently at +0.09% from its lowest and -0.48% from its highest.

0.9148
0.9200
0.9156

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AUD/CAD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this AUD/CAD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8931 0.9098 0.9139 0.9156 0.9162 0.9191 0.9213
Change (%) -2.46% -0.63% -0.19% - +0.07% +0.38% +0.62%
Change -0.0225 -0.0058 -0.0017 - +0.0006 +0.0035 +0.0057
Level Intermediate Major Intermediate - Minor Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.91040.91280.91660.91900.92280.92520.9290
Camarilla0.91880.91940.91990.92050.92110.92160.9222
Woodie0.91120.91320.91740.91940.92360.92560.9298
Fibonacci0.91280.91510.91660.91900.92130.92280.9252


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90170.90600.91320.91750.92470.92900.9362
Camarilla0.91730.91840.91950.92050.92160.92260.9237
Woodie0.90330.90670.91480.91820.92630.92970.9378
Fibonacci0.90600.91040.91310.91750.92190.92460.9290


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86290.88650.90250.92610.94210.96570.9817
Camarilla0.90750.91110.91480.91840.92200.92570.9293
Woodie0.85900.88460.89860.92420.93820.96380.9778
Fibonacci0.88650.90170.91100.92610.94130.95060.9657

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 38.52
MACD (12,26,9): -0.0006
Directional Movement: -8.8518
AROON (14): -42.8571
DEMA (21): 0.9163
Parabolic SAR (0,02-0,02-0,2): 0.9171
Elder Ray (13): -0.0012
Super Trend (3,10): 0.9188
Zig ZAG (10): 0.9155
VORTEX (21): 0.8963
Stochastique (14,3,5): 22.40
TEMA (21): 0.9157
Williams %R (14): -82.05
Chande Momentum Oscillator (20): -0.0023
Repulse (5,40,3): -0.1259
ROCnROLL: 2
TRIX (15,9): -0.0064
Courbe Coppock: 0.49
MA7: 0.9169
MA20: 0.9240
MA50: 0.9284
MA100: 0.9117
MAexp7: 0.9162
MAexp20: 0.9169
MAexp50: 0.9173
MAexp100: 0.9176
Price / MA7: -0.14%
Price / MA20: -0.91%
Price / MA50: -1.38%
Price / MA100: +0.43%
Price / MAexp7: -0.07%
Price / MAexp20: -0.14%
Price / MAexp50: -0.19%
Price / MAexp100: -0.22%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on AUD/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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Londinia
Londinia AI

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