AUD/CAD - 1H - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
22%
39%
39%
My opinion
Neutral between 0.9047 CAD and 0.9083 CAD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.9083 CAD. The first support is located at 0.9047 CAD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by AUD/CAD.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/CAD price is 0.9067 CAD. On the day, this instrument gained +0.07% with the lowest point at 0.9055 CAD and the highest point at 0.9076 CAD. The deviation from the price is +0.13% for the low point and -0.10% for the high point.0.9055
0.9076
0.9067
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 this 1H chart of AUD/CAD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
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 support of channel
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8931 | 0.9018 | 0.9047 | 0.9067 | 0.9083 | 0.9114 | 0.9143 |
| Change (%) | -1.50% | -0.54% | -0.22% | - | +0.18% | +0.52% | +0.84% |
| Change | -0.0136 | -0.0049 | -0.0020 | - | +0.0016 | +0.0047 | +0.0076 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Minor |
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 | 0.8996 | 0.9016 | 0.9039 | 0.9059 | 0.9082 | 0.9102 | 0.9125 |
| Camarilla | 0.9049 | 0.9053 | 0.9057 | 0.9061 | 0.9065 | 0.9069 | 0.9073 |
| Woodie | 0.8997 | 0.9017 | 0.9040 | 0.9060 | 0.9083 | 0.9103 | 0.9126 |
| Fibonacci | 0.9016 | 0.9033 | 0.9043 | 0.9059 | 0.9076 | 0.9086 | 0.9102 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8823 | 0.8920 | 0.8991 | 0.9088 | 0.9159 | 0.9256 | 0.9327 |
| Camarilla | 0.9015 | 0.9030 | 0.9046 | 0.9061 | 0.9076 | 0.9092 | 0.9107 |
| Woodie | 0.8809 | 0.8914 | 0.8977 | 0.9082 | 0.9145 | 0.9250 | 0.9313 |
| Fibonacci | 0.8920 | 0.8985 | 0.9024 | 0.9088 | 0.9153 | 0.9192 | 0.9256 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.23 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.1790 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 0.9068 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9055 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.9044 | |
| Zig ZAG (10): | 0.9064 | |
| VORTEX (21): | 1.0588 | |
| Stochastique (14,3,5): | 44.87 | |
| TEMA (21): | 0.9069 | |
| Williams %R (14): | -61.54 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0634 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.9096 | |
| MA20: | 0.9160 | |
| MA50: | 0.9121 | |
| MA100: | 0.9027 | |
| MAexp7: | 0.9066 | |
| MAexp20: | 0.9064 | |
| MAexp50: | 0.9065 | |
| MAexp100: | 0.9083 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -1.02% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | +0.44% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on AUD/CAD at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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