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

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

5.9

Comment on the analysis

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.

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

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.

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:

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:

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:

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	0.9031	0.9060	0.9091	0.9120	0.9151	0.9180	0.9211
Camarilla	0.9106	0.9111	0.9117	0.9122	0.9128	0.9133	0.9139
Woodie	0.9032	0.9061	0.9092	0.9121	0.9152	0.9181	0.9212
Fibonacci	0.9060	0.9083	0.9097	0.9120	0.9143	0.9157	0.9180

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8981	0.9020	0.9071	0.9110	0.9161	0.9200	0.9251
Camarilla	0.9097	0.9106	0.9114	0.9122	0.9130	0.9139	0.9147
Woodie	0.8987	0.9023	0.9077	0.9113	0.9167	0.9203	0.9257
Fibonacci	0.9020	0.9054	0.9076	0.9110	0.9144	0.9166	0.9200

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8916	0.8981	0.9051	0.9116	0.9186	0.9251	0.9321
Camarilla	0.9085	0.9097	0.9110	0.9122	0.9134	0.9147	0.9159
Woodie	0.8920	0.8982	0.9055	0.9117	0.9190	0.9252	0.9325
Fibonacci	0.8981	0.9032	0.9064	0.9116	0.9167	0.9199	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):	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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