AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - Daily - Technical analysis published on 11/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.8751 CAD

My targets

0.8956 CAD (+0.0113)

0.9093 CAD (+0.0250)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on AUD/CAD. This is a positive signal for buyers. As long as the price remains above 0.8751 CAD, a purchase could be considered. The first bullish objective is located at 0.8956 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9093 CAD as an objective. Crossing it would then enable buyers to target 0.9191 CAD. In the event of a return below 0.8751 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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 Muhahaha. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/CAD price is 0.8843 CAD. On the day, this instrument gained +0.07% with the lowest point at 0.8832 CAD and the highest point at 0.8851 CAD. The deviation from the price is +0.12% for the low point and -0.09% for the high point.

0.8832

0.8851

0.8843

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:

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 AUD/CAD in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8607	0.8751	0.8827	0.8843	0.8956	0.9093	0.9191
Change (%)	-2.67%	-1.04%	-0.18%	-	+1.28%	+2.83%	+3.94%
Change	-0.0236	-0.0092	-0.0016	-	+0.0113	+0.0250	+0.0348
Level	Major	Major	Intermediate	-	Intermediate	Major	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	0.8734	0.8782	0.8810	0.8858	0.8886	0.8934	0.8962
Camarilla	0.8816	0.8823	0.8830	0.8837	0.8844	0.8851	0.8858
Woodie	0.8723	0.8777	0.8799	0.8853	0.8875	0.8929	0.8951
Fibonacci	0.8782	0.8811	0.8829	0.8858	0.8887	0.8905	0.8934

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8487	0.8559	0.8670	0.8742	0.8853	0.8925	0.9036
Camarilla	0.8731	0.8748	0.8764	0.8781	0.8798	0.8815	0.8831
Woodie	0.8507	0.8569	0.8690	0.8752	0.8873	0.8935	0.9056
Fibonacci	0.8559	0.8629	0.8672	0.8742	0.8812	0.8855	0.8925

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8392	0.8488	0.8642	0.8738	0.8892	0.8988	0.9142
Camarilla	0.8726	0.8749	0.8772	0.8795	0.8818	0.8841	0.8864
Woodie	0.8420	0.8503	0.8670	0.8753	0.8920	0.9003	0.9170
Fibonacci	0.8488	0.8584	0.8643	0.8738	0.8834	0.8893	0.8988

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):	60.96
MACD (12,26,9):	0.0038
Directional Movement:	16.3300
AROON (14):	92.8571
DEMA (21):	0.8793
Parabolic SAR (0,02-0,02-0,2):	0.8702
Elder Ray (13):	0.0066
Super Trend (3,10):	0.8658
Zig ZAG (10):	0.8841
VORTEX (21):	1.0985
Stochastique (14,3,5):	84.76
TEMA (21):	0.8834
Williams %R (14):	-23.21
Chande Momentum Oscillator (20):	0.0157
Repulse (5,40,3):	0.2858
ROCnROLL:	1
TRIX (15,9):	0.0311
Courbe Coppock:	3.20

MA7:	0.8814
MA20:	0.8728
MA50:	0.8713
MA100:	0.8772
MAexp7:	0.8811
MAexp20:	0.8753
MAexp50:	0.8738
MAexp100:	0.8785
Price / MA7:	+0.33%
Price / MA20:	+1.32%
Price / MA50:	+1.49%
Price / MA100:	+0.81%
Price / MAexp7:	+0.36%
Price / MAexp20:	+1.03%
Price / MAexp50:	+1.20%
Price / MAexp100:	+0.66%

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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