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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
56%
11%
33%
My opinion
Bullish above 0.9078 CAD
My targets
0.9115 CAD (+0.0019)
0.9125 CAD (+0.0029)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CAD. As long as you are above the support located at 0.9078 CAD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.9115 CAD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.9125 CAD as an objective. Crossing it would then enable buyers to target 0.9191 CAD. If the support 0.9078 CAD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9

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 0.9096 CAD. On the day, this instrument gained +0.08% with the lowest point at 0.9084 CAD and the highest point at 0.9115 CAD. The deviation from the price is +0.13% for the low point and -0.21% for the high point.

0.9084
0.9115
0.9096

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9061 0.9068 0.9078 0.9096 0.9098 0.9115 0.9125
Change (%) -0.38% -0.31% -0.20% - +0.02% +0.21% +0.32%
Change -0.0035 -0.0028 -0.0018 - +0.0002 +0.0019 +0.0029
Level Minor Intermediate Minor - Major Minor Minor



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

Technical indicators
Moving averages

RSI (14): 59.88
MACD (12,26,9): 0.0001
Directional Movement: 11.3511
AROON (14): 14.2857
DEMA (21): 0.9099
Parabolic SAR (0,02-0,02-0,2): 0.9084
Elder Ray (13): 0.0004
Super Trend (3,10): 0.9115
Zig ZAG (10): 0.9112
VORTEX (21): 1.0000
Stochastique (14,3,5): 43.34
TEMA (21): 0.9098
Williams %R (14): -16.13
Chande Momentum Oscillator (20): 0.0003
Repulse (5,40,3): 0.2176
ROCnROLL: 1
TRIX (15,9): 0.0011
Courbe Coppock: 0.05
MA7: 0.9085
MA20: 0.9076
MA50: 0.8980
MA100: 0.8913
MAexp7: 0.9098
MAexp20: 0.9098
MAexp50: 0.9095
MAexp100: 0.9089
Price / MA7: +0.12%
Price / MA20: +0.22%
Price / MA50: +1.29%
Price / MA100: +2.05%
Price / MAexp7: -0.02%
Price / MAexp20: -0.02%
Price / MAexp50: +0.01%
Price / MAexp100: +0.08%

Quotes : - Real time data - Forex

News


The last news published on AUD/CAD at the time of the generation of this analysis was as follows:

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

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