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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 07/01/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.9110 CAD
My targets
0.9137 CAD (+0.0010)
0.9191 CAD (+0.0064)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9110 CAD. The buyers' bullish objective is set at 0.9137 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9191 CAD. If there is any crossing, the next objective would be the resistance located at 0.9511 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
5.9

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.

stefanstan
This analysis was given by stefanstan. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/CAD price is 0.9127 CAD. On the day, this instrument gained +0.06% with the lowest point at 0.9111 CAD and the highest point at 0.9140 CAD. The deviation from the price is +0.18% for the low point and -0.14% for the high point.

0.9111
0.9140
0.9127

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9098 0.9110 0.9126 0.9127 0.9137 0.9146 0.9191
Change (%) -0.32% -0.19% -0.01% - +0.11% +0.21% +0.70%
Change -0.0029 -0.0017 -0.0001 - +0.0010 +0.0019 +0.0064
Level Minor Intermediate Minor - Major Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90310.90600.90910.91200.91510.91800.9211
Camarilla0.91060.91110.91170.91220.91280.91330.9139
Woodie0.90320.90610.90920.91210.91520.91810.9212
Fibonacci0.90600.90830.90970.91200.91430.91570.9180


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89810.90200.90710.91100.91610.92000.9251
Camarilla0.90970.91060.91140.91220.91300.91390.9147
Woodie0.89870.90230.90770.91130.91670.92030.9257
Fibonacci0.90200.90540.90760.91100.91440.91660.9200


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89160.89810.90510.91160.91860.92510.9321
Camarilla0.90850.90970.91100.91220.91340.91470.9159
Woodie0.89200.89820.90550.91170.91900.92520.9325
Fibonacci0.89810.90320.90640.91160.91670.91990.9251

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): 51.29
MACD (12,26,9): 0.0001
Directional Movement: 8.2572
AROON (14): -64.2857
DEMA (21): 0.9123
Parabolic SAR (0,02-0,02-0,2): 0.9130
Elder Ray (13): -0.0001
Super Trend (3,10): 0.9108
Zig ZAG (10): 0.9127
VORTEX (21): 1.0135
Stochastique (14,3,5): 31.03
TEMA (21): 0.9122
Williams %R (14): -44.83
Chande Momentum Oscillator (20): 0.0004
Repulse (5,40,3): 0.1236
ROCnROLL: 1
TRIX (15,9): 0.0045
Courbe Coppock: 0.21
MA7: 0.9103
MA20: 0.9105
MA50: 0.9061
MA100: 0.8964
MAexp7: 0.9121
MAexp20: 0.9121
MAexp50: 0.9117
MAexp100: 0.9112
Price / MA7: +0.26%
Price / MA20: +0.24%
Price / MA50: +0.73%
Price / MA100: +1.82%
Price / MAexp7: +0.07%
Price / MAexp20: +0.07%
Price / MAexp50: +0.11%
Price / MAexp100: +0.16%

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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Londinia
Londinia AI

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