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 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.9077 CAD

My targets

0.9130 CAD (+0.0033)

0.9191 CAD (+0.0094)

My analysis

The basic bullish trend is very strong on AUD/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.9077 CAD. Crossing the first resistance at 0.9130 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.9191 CAD as an objective. Crossing it would then enable buyers to target 0.9511 CAD. Caution, a return to below 0.9077 CAD would be a sign of a consolidation phase in the short-term basic trend. 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 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

7.1

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 0.9097 CAD. The price is lower by -0.01% since the last closing and was traded between 0.9097 CAD and 0.9098 CAD over the period. The price is currently at 0% from its lowest and -0.01% from its highest.

0.9097

0.9098

0.9097

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9047	0.9057	0.9077	0.9097	0.9191	0.9511	0.9981
Change (%)	-0.55%	-0.44%	-0.22%	-	+1.03%	+4.55%	+9.72%
Change	-0.0050	-0.0040	-0.0020	-	+0.0094	+0.0414	+0.0884
Level	Major	Major	Minor	-	Major	Intermediate	Intermediate

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	0.9019	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):	55.53
MACD (12,26,9):	0.0002
Directional Movement:	0.1692
AROON (14):	-28.5714
DEMA (21):	0.9097
Parabolic SAR (0,02-0,02-0,2):	0.9074
Elder Ray (13):	0.0002
Super Trend (3,10):	0.9080
Zig ZAG (10):	0.9098
VORTEX (21):	1.0213
Stochastique (14,3,5):	69.96
TEMA (21):	0.9092
Williams %R (14):	-13.33
Chande Momentum Oscillator (20):	0.0007
Repulse (5,40,3):	0.0980
ROCnROLL:	1
TRIX (15,9):	0.0040
Courbe Coppock:	0.09

MA7:	0.9056
MA20:	0.8982
MA50:	0.8926
MA100:	0.8896
MAexp7:	0.9094
MAexp20:	0.9093
MAexp50:	0.9083
MAexp100:	0.9069
Price / MA7:	+0.45%
Price / MA20:	+1.28%
Price / MA50:	+1.92%
Price / MA100:	+2.26%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.32%

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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