AUD/CAD - 1H - Technical analysis published on 06/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.9102 CAD
My targets
0.9063 CAD (-0.0024)
0.9047 CAD (-0.0040)
My analysis
The basic trend is currently slightly bearish on AUD/CAD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 0.9102 CAD, sales could be favoured. The first bearish objective would be located at 0.9063 CAD. Sellers would then use the next support located at 0.9047 CAD as an objective. Crossing it would then enable sellers to target 0.8931 CAD. A return to above the resistance at 0.9102 CAD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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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 0.9087 CAD. On the day, this instrument lost -0.02% and was traded between 0.9077 CAD and 0.9103 CAD over the period. The price is currently at +0.11% from its lowest and -0.18% from its highest.0.9077
0.9103
0.9087
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
Technical
Technical analysis of AUD/CAD in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative 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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 0.9047 | 0.9063 | 0.9078 | 0.9087 | 0.9102 | 0.9112 | 0.9125 |
| Change (%) | -0.44% | -0.26% | -0.10% | - | +0.17% | +0.28% | +0.42% |
| Change | -0.0040 | -0.0024 | -0.0009 | - | +0.0015 | +0.0025 | +0.0038 |
| Level | Major | Minor | Major | - | Intermediate | Major | 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 | 0.9047 | 0.9060 | 0.9075 | 0.9088 | 0.9103 | 0.9116 | 0.9131 |
| Camarilla | 0.9081 | 0.9084 | 0.9086 | 0.9089 | 0.9092 | 0.9094 | 0.9097 |
| Woodie | 0.9047 | 0.9061 | 0.9075 | 0.9089 | 0.9103 | 0.9117 | 0.9131 |
| Fibonacci | 0.9060 | 0.9071 | 0.9078 | 0.9088 | 0.9099 | 0.9106 | 0.9116 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8936 | 0.8991 | 0.9026 | 0.9081 | 0.9116 | 0.9171 | 0.9206 |
| Camarilla | 0.9037 | 0.9046 | 0.9054 | 0.9062 | 0.9070 | 0.9079 | 0.9087 |
| Woodie | 0.8927 | 0.8986 | 0.9017 | 0.9076 | 0.9107 | 0.9166 | 0.9197 |
| Fibonacci | 0.8991 | 0.9025 | 0.9046 | 0.9081 | 0.9115 | 0.9136 | 0.9171 |
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): | 46.83 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -2.2553 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.9093 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9084 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.9073 | |
| Zig ZAG (10): | 0.9086 | |
| VORTEX (21): | 1.0253 | |
| Stochastique (14,3,5): | 53.85 | |
| TEMA (21): | 0.9093 | |
| Williams %R (14): | -65.38 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.1061 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9092 | |
| MA20: | 0.9085 | |
| MA50: | 0.9006 | |
| MA100: | 0.8924 | |
| MAexp7: | 0.9092 | |
| MAexp20: | 0.9091 | |
| MAexp50: | 0.9089 | |
| MAexp100: | 0.9089 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
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
-
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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