AUD/CAD - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
0%
50%
My opinion
Bullish above 0.9078 CAD
My targets
0.9125 CAD (+0.0012)
0.9135 CAD (+0.0022)
My analysis
AUD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.9078 CAD. The next resistance located at 0.9125 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9135 CAD. After this resistance, buyers could then target 0.9191 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
7.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9113 CAD. The price is lower by -0.03% since the last closing with the lowest point at 0.9108 CAD and the highest point at 0.9116 CAD. The deviation from the price is +0.05% for the low point and -0.03% for the high point.0.9108
0.9116
0.9113
Here is a more detailed summary of the historical variations registered by AUD/CAD:
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 a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this 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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9068 | 0.9078 | 0.9112 | 0.9113 | 0.9125 | 0.9135 | 0.9191 |
| Change (%) | -0.49% | -0.38% | -0.01% | - | +0.13% | +0.24% | +0.86% |
| Change | -0.0045 | -0.0035 | -0.0001 | - | +0.0012 | +0.0022 | +0.0078 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9042 | 0.9065 | 0.9090 | 0.9113 | 0.9138 | 0.9161 | 0.9186 |
| Camarilla | 0.9103 | 0.9107 | 0.9112 | 0.9116 | 0.9120 | 0.9125 | 0.9129 |
| Woodie | 0.9044 | 0.9066 | 0.9092 | 0.9114 | 0.9140 | 0.9162 | 0.9188 |
| Fibonacci | 0.9065 | 0.9083 | 0.9094 | 0.9113 | 0.9131 | 0.9142 | 0.9161 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8996 | 0.9023 | 0.9045 | 0.9072 | 0.9094 | 0.9121 | 0.9143 |
| Camarilla | 0.9054 | 0.9058 | 0.9063 | 0.9067 | 0.9072 | 0.9076 | 0.9081 |
| Woodie | 0.8994 | 0.9022 | 0.9043 | 0.9071 | 0.9092 | 0.9120 | 0.9141 |
| Fibonacci | 0.9023 | 0.9042 | 0.9053 | 0.9072 | 0.9091 | 0.9102 | 0.9121 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8725 | 0.8817 | 0.8942 | 0.9034 | 0.9159 | 0.9251 | 0.9376 |
| Camarilla | 0.9007 | 0.9027 | 0.9047 | 0.9067 | 0.9087 | 0.9107 | 0.9127 |
| Woodie | 0.8742 | 0.8825 | 0.8959 | 0.9042 | 0.9176 | 0.9259 | 0.9393 |
| Fibonacci | 0.8817 | 0.8900 | 0.8951 | 0.9034 | 0.9117 | 0.9168 | 0.9251 |
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): | 52.35 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -0.1793 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 0.9114 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9097 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9122 | |
| Zig ZAG (10): | 0.9113 | |
| VORTEX (21): | 0.9896 | |
| Stochastique (14,3,5): | 77.45 | |
| TEMA (21): | 0.9115 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | 0.0259 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0036 | |
| Courbe Coppock: | 0.27 |
| MA7: | 0.9098 | |
| MA20: | 0.9083 | |
| MA50: | 0.8992 | |
| MA100: | 0.8918 | |
| MAexp7: | 0.9113 | |
| MAexp20: | 0.9111 | |
| MAexp50: | 0.9106 | |
| MAexp100: | 0.9099 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +2.19% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.15% |
Quotes :
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Real time data
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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:
-
AUD/CAD Forecast May 23, 2024
-
AUD/CAD Forecast January 6, 2023
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S&P 500 Volatility Should Settle if Risk Appetite is Set, AUDCAD a Top Watch
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Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD Gain as RBA Holds in February
This member declared not having a position on this financial instrument or a related financial instrument.
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