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: Strongly bearish

Underlying: Slightly bullish

Technical indicators

22%

61%

17%

My opinion

Bearish under 0.9097 CAD

My targets

0.9057 CAD (-0.0016)

0.9047 CAD (-0.0026)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AUD/CAD as long as the price remains well below 0.9097 CAD. The next bearish objective for sellers is set at 0.9057 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9047 CAD. In case of crossing, the next objective would be the support located at 0.9034 CAD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.9057 CAD. With this support, against the trend traders who want to buy AUD/CAD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

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 price is 0.9073 CAD. On the day, this instrument lost -0.28% and was between 0.9071 CAD and 0.9099 CAD. This implies that the price is at +0.02% from its lowest and at -0.29% from its highest.

0.9071

0.9099

0.9073

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 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 an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9034	0.9047	0.9057	0.9073	0.9097	0.9109	0.9125
Change (%)	-0.43%	-0.29%	-0.18%	-	+0.26%	+0.40%	+0.57%
Change	-0.0039	-0.0026	-0.0016	-	+0.0024	+0.0036	+0.0052
Level	Minor	Major	Intermediate	-	Minor	Minor	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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.10
MACD (12,26,9):	-0.0003
Directional Movement:	-9.7612
AROON (14):	-64.2857
DEMA (21):	0.9085
Parabolic SAR (0,02-0,02-0,2):	0.9096
Elder Ray (13):	-0.0006
Super Trend (3,10):	0.9103
Zig ZAG (10):	0.9074
VORTEX (21):	0.8953
Stochastique (14,3,5):	29.96
TEMA (21):	0.9079
Williams %R (14):	-92.86
Chande Momentum Oscillator (20):	-0.0021
Repulse (5,40,3):	-0.1740
ROCnROLL:	2
TRIX (15,9):	-0.0020
Courbe Coppock:	0.21

MA7:	0.9063
MA20:	0.8995
MA50:	0.8929
MA100:	0.8897
MAexp7:	0.9082
MAexp20:	0.9087
MAexp50:	0.9083
MAexp100:	0.9071
Price / MA7:	+0.11%
Price / MA20:	+0.87%
Price / MA50:	+1.61%
Price / MA100:	+1.98%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.11%
Price / MAexp100:	+0.02%

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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