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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 06/05/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 0.9078 CAD
My targets
0.9115 CAD (+0.0018)
0.9125 CAD (+0.0028)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.9078 CAD remains possible. It is advisable to trade AUD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.9078 CAD. The next bullish objective for buyers is set at 0.9115 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9125 CAD. If there is any crossing, the next objective would be the resistance located at 0.9191 CAD. PS: if there is a bearish break in the support located at 0.9078 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3

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.

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

Additional analysis

Quotes

The AUD/CAD rating is 0.9097 CAD. The price has increased by +0.09% since the last closing and was traded between 0.9085 CAD and 0.9110 CAD over the period. The price is currently at +0.13% from its lowest and -0.14% from its highest.

0.9085
0.9110
0.9097

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:

Central Records

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


A technical analysis in 1H of this AUD/CAD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9061 0.9068 0.9078 0.9097 0.9098 0.9115 0.9125
Change (%) -0.40% -0.32% -0.21% - +0.01% +0.20% +0.31%
Change -0.0036 -0.0029 -0.0019 - +0.0001 +0.0018 +0.0028
Level Minor Intermediate Minor - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90230.90500.90700.90970.91170.91440.9164
Camarilla0.90760.90800.90850.90890.90930.90980.9102
Woodie0.90190.90480.90660.90950.91130.91420.9160
Fibonacci0.90500.90680.90790.90970.91150.91260.9144


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89960.90230.90450.90720.90940.91210.9143
Camarilla0.90540.90580.90630.90670.90720.90760.9081
Woodie0.89940.90220.90430.90710.90920.91200.9141
Fibonacci0.90230.90420.90530.90720.90910.91020.9121


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87250.88170.89420.90340.91590.92510.9376
Camarilla0.90070.90270.90470.90670.90870.91070.9127
Woodie0.87420.88250.89590.90420.91760.92590.9393
Fibonacci0.88170.89000.89510.90340.91170.91680.9251

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): 49.64
MACD (12,26,9): 0.0002
Directional Movement: 2.0479
AROON (14): 14.2857
DEMA (21): 0.9102
Parabolic SAR (0,02-0,02-0,2): 0.9093
Elder Ray (13): -0.0003
Super Trend (3,10): 0.9116
Zig ZAG (10): 0.9098
VORTEX (21): 1.0753
Stochastique (14,3,5): 60.00
TEMA (21): 0.9101
Williams %R (14): -48.00
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): -0.0391
ROCnROLL: -1
TRIX (15,9): 0.0024
Courbe Coppock: 0.21
MA7: 0.9084
MA20: 0.9075
MA50: 0.8980
MA100: 0.8913
MAexp7: 0.9101
MAexp20: 0.9099
MAexp50: 0.9095
MAexp100: 0.9088
Price / MA7: +0.14%
Price / MA20: +0.24%
Price / MA50: +1.30%
Price / MA100: +2.06%
Price / MAexp7: -0.04%
Price / MAexp20: -0.02%
Price / MAexp50: +0.02%
Price / MAexp100: +0.10%

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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Londinia
Londinia AI

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