AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - Daily - Technical analysis published on 08/05/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 0.9047 CAD

My targets

0.8928 CAD (-0.0049)

0.8807 CAD (-0.0170)

My analysis

AUD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.9047 CAD. The next support located at 0.8928 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8807 CAD. Below this support, sellers could then target 0.8750 CAD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

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 shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/CAD rating is 0.8977 CAD. On the day, this instrument lost -0.57% and was between 0.8854 CAD and 0.9049 CAD. This implies that the price is at +1.39% from its lowest and at -0.80% from its highest.

0.8854

0.9049

0.8977

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

Here is a more detailed summary of the historical variations registered by AUD/CAD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AUD/CAD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Black line without upper shadow

Type : Bearish

Timeframe : Daily

Long black line

Type : Bearish

Timeframe : Daily

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8750	0.8807	0.8928	0.8977	0.8997	0.9047	0.9114
Change (%)	-2.53%	-1.89%	-0.55%	-	+0.22%	+0.78%	+1.53%
Change	-0.0227	-0.0170	-0.0049	-	+0.0020	+0.0070	+0.0137
Level	Major	Intermediate	Major	-	Intermediate	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	0.8941	0.8973	0.9000	0.9032	0.9059	0.9091	0.9118
Camarilla	0.9012	0.9017	0.9023	0.9028	0.9033	0.9039	0.9044
Woodie	0.8940	0.8972	0.8999	0.9031	0.9058	0.9090	0.9117
Fibonacci	0.8973	0.8995	0.9009	0.9032	0.9054	0.9068	0.9091

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8860	0.8917	0.8972	0.9029	0.9084	0.9141	0.9196
Camarilla	0.8997	0.9008	0.9018	0.9028	0.9038	0.9049	0.9059
Woodie	0.8860	0.8917	0.8972	0.9029	0.9084	0.9141	0.9196
Fibonacci	0.8917	0.8960	0.8986	0.9029	0.9072	0.9098	0.9141

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8630	0.8802	0.8921	0.9093	0.9212	0.9384	0.9503
Camarilla	0.8961	0.8988	0.9014	0.9041	0.9068	0.9094	0.9121
Woodie	0.8605	0.8789	0.8896	0.9080	0.9187	0.9371	0.9478
Fibonacci	0.8802	0.8913	0.8982	0.9093	0.9204	0.9273	0.9384

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	31.38
MACD (12,26,9):	-0.0034
Directional Movement:	-32.7973
AROON (14):	-100.0000
DEMA (21):	0.9055
Parabolic SAR (0,02-0,02-0,2):	0.9100
Elder Ray (13):	-0.0117
Super Trend (3,10):	0.9140
Zig ZAG (10):	0.8986
VORTEX (21):	0.7285
Stochastique (14,3,5):	23.23
TEMA (21):	0.9012
Williams %R (14):	-62.57
Chande Momentum Oscillator (20):	-0.0196
Repulse (5,40,3):	0.0192
ROCnROLL:	2
TRIX (15,9):	-0.0230
Courbe Coppock:	3.79

MA7:	0.9038
MA20:	0.9125
MA50:	0.9117
MA100:	0.9034
MAexp7:	0.9037
MAexp20:	0.9089
MAexp50:	0.9094
MAexp100:	0.9046
Price / MA7:	-0.67%
Price / MA20:	-1.62%
Price / MA50:	-1.54%
Price / MA100:	-0.63%
Price / MAexp7:	-0.66%
Price / MAexp20:	-1.23%
Price / MAexp50:	-1.29%
Price / MAexp100:	-0.76%

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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