AUD/CAD - 1H - Technical analysis published on 06/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.9118 CAD
My targets
0.9156 CAD (+0.0027)
0.9180 CAD (+0.0051)
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 0.9118 CAD. The next resistance located at 0.9156 CAD is the next bullish target 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 0.9180 CAD. After this resistance, buyers could then target 0.9191 CAD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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Additional analysis
Quotes
The AUD/CAD rating is 0.9129 CAD. On the day, this instrument gained +0.58% with the lowest point at 0.9070 CAD and the highest point at 0.9132 CAD. The deviation from the price is +0.65% for the low point and -0.03% for the high point.0.9070
0.9132
0.9129
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/CAD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 0.9081 | 0.9118 | 0.9129 | 0.9130 | 0.9156 | 0.9180 |
| Change (%) | -0.90% | -0.53% | -0.12% | - | +0.01% | +0.30% | +0.56% |
| Change | -0.0082 | -0.0048 | -0.0011 | - | +0.0001 | +0.0027 | +0.0051 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 0.9012 | 0.9035 | 0.9055 | 0.9078 | 0.9098 | 0.9121 | 0.9141 |
| Camarilla | 0.9064 | 0.9068 | 0.9072 | 0.9076 | 0.9080 | 0.9084 | 0.9088 |
| Woodie | 0.9012 | 0.9034 | 0.9055 | 0.9077 | 0.9098 | 0.9120 | 0.9141 |
| Fibonacci | 0.9035 | 0.9051 | 0.9061 | 0.9078 | 0.9094 | 0.9104 | 0.9121 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8902 | 0.8975 | 0.9033 | 0.9106 | 0.9164 | 0.9237 | 0.9295 |
| Camarilla | 0.9054 | 0.9066 | 0.9078 | 0.9090 | 0.9102 | 0.9114 | 0.9126 |
| Woodie | 0.8894 | 0.8971 | 0.9025 | 0.9102 | 0.9156 | 0.9233 | 0.9287 |
| Fibonacci | 0.8975 | 0.9025 | 0.9056 | 0.9106 | 0.9156 | 0.9187 | 0.9237 |
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): | 67.92 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 16.1327 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.9122 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9106 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 0.9096 | |
| Zig ZAG (10): | 0.9128 | |
| VORTEX (21): | 1.2183 | |
| Stochastique (14,3,5): | 92.64 | |
| TEMA (21): | 0.9132 | |
| Williams %R (14): | -8.70 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | 0.0694 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0152 | |
| Courbe Coppock: | 0.80 |
| MA7: | 0.9104 | |
| MA20: | 0.9088 | |
| MA50: | 0.9018 | |
| MA100: | 0.8934 | |
| MAexp7: | 0.9122 | |
| MAexp20: | 0.9107 | |
| MAexp50: | 0.9097 | |
| MAexp100: | 0.9097 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | +1.23% | |
| Price / MA100: | +2.18% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.35% |
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
-
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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