AUD/CAD - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.9078 CAD
My targets
0.9135 CAD (+0.0015)
0.9191 CAD (+0.0071)
My analysis
The bullish trend is currently very strong on AUD/CAD. As long as the price remains above the support at 0.9078 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.9135 CAD. The bullish momentum would be boosted by a break in this resistance. 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. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.4
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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 0.9120 CAD. The price registered an increase of +0.04% on the session and was between 0.9108 CAD and 0.9125 CAD. This implies that the price is at +0.13% from its lowest and at -0.05% from its highest.0.9108
0.9125
0.9120
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9068 | 0.9078 | 0.9112 | 0.9120 | 0.9125 | 0.9135 | 0.9191 |
| Change (%) | -0.57% | -0.46% | -0.09% | - | +0.05% | +0.16% | +0.78% |
| Change | -0.0052 | -0.0042 | -0.0008 | - | +0.0005 | +0.0015 | +0.0071 |
| Level | Minor | Major | Major | - | Minor | 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 | 0.9042 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.01 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.9944 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.9117 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9103 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9122 | |
| Zig ZAG (10): | 0.9118 | |
| VORTEX (21): | 1.1081 | |
| Stochastique (14,3,5): | 71.76 | |
| TEMA (21): | 0.9118 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0108 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0041 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.9099 | |
| MA20: | 0.9083 | |
| MA50: | 0.8992 | |
| MA100: | 0.8918 | |
| MAexp7: | 0.9117 | |
| MAexp20: | 0.9113 | |
| MAexp50: | 0.9108 | |
| MAexp100: | 0.9101 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | +1.42% | |
| Price / MA100: | +2.27% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.21% |
Quotes :
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Real time data
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Forex
News
The last news published on AUD/CAD at the time of the generation of this analysis was as follows:
-
AUD/CAD Forecast May 23, 2024
-
AUD/CAD Forecast January 6, 2023
-
S&P 500 Volatility Should Settle if Risk Appetite is Set, AUDCAD a Top Watch
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Australian Dollar China GDP Analysis: AUD/USD, AUD/JPY, GBP/AUD, AUD/CAD
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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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