AUD/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDCAD
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AUD/CAD - 1H - Technical analysis published on 11/22/2024 (GMT)

148
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11/22/2024 - 02:31
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Timeframe : 1H
- Analysis generated on 11/22/2024 - 02:31
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 0.9093 CAD

My targets

0.9126 CAD (+0.0023)

0.9139 CAD (+0.0036)

My analysis

AUD/CAD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.9093 CAD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.9126 CAD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.9139 CAD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.9162 CAD. Beware of a possible return to under the support located at 0.9093 CAD which would be the sign of a correction of the bullish excesses registered in the short term.

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

Force

3.9

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

Additional analysis

Quotes

AUD/CAD rating 0.9103 CAD. The price has increased by +0.00% since the last closing and was traded between 0.9098 CAD and 0.9106 CAD over the period. The price is currently at +0.05% from its lowest and -0.03% from its highest.

0.9098

0.9106

0.9103

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9062	0.9076	0.9093	0.9103	0.9126	0.9139	0.9162
Change (%)	-0.45%	-0.30%	-0.11%	-	+0.25%	+0.40%	+0.65%
Change	-0.0041	-0.0027	-0.0010	-	+0.0023	+0.0036	+0.0059
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9040	0.9057	0.9080	0.9097	0.9120	0.9137	0.9160
Camarilla	0.9092	0.9096	0.9099	0.9103	0.9107	0.9110	0.9114
Woodie	0.9043	0.9059	0.9083	0.9099	0.9123	0.9139	0.9163
Fibonacci	0.9057	0.9072	0.9082	0.9097	0.9112	0.9122	0.9137

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8899	0.8971	0.9038	0.9110	0.9177	0.9249	0.9316
Camarilla	0.9066	0.9079	0.9091	0.9104	0.9117	0.9130	0.9142
Woodie	0.8896	0.8970	0.9035	0.9109	0.9174	0.9248	0.9313
Fibonacci	0.8971	0.9024	0.9057	0.9110	0.9163	0.9196	0.9249

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8772	0.8935	0.9050	0.9213	0.9328	0.9491	0.9606
Camarilla	0.9088	0.9113	0.9139	0.9164	0.9190	0.9215	0.9241
Woodie	0.8747	0.8923	0.9025	0.9201	0.9303	0.9479	0.9581
Fibonacci	0.8935	0.9042	0.9107	0.9213	0.9320	0.9385	0.9491

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):	54.53
MACD (12,26,9):	0.0001
Directional Movement:	2.6989
AROON (14):	-28.5714
DEMA (21):	0.9100
Parabolic SAR (0,02-0,02-0,2):	0.9078
Elder Ray (13):	0.0002
Super Trend (3,10):	0.9113
Zig ZAG (10):	0.9104
VORTEX (21):	1.0229
Stochastique (14,3,5):	70.83
TEMA (21):	0.9101
Williams %R (14):	-27.50
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	0.0489
ROCnROLL:	1
TRIX (15,9):	-0.0002
Courbe Coppock:	0.02

MA7:	0.9105
MA20:	0.9136
MA50:	0.9196
MA100:	0.9153
MAexp7:	0.9101
MAexp20:	0.9099
MAexp50:	0.9100
MAexp100:	0.9104
Price / MA7:	-0.02%
Price / MA20:	-0.36%
Price / MA50:	-1.01%
Price / MA100:	-0.55%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.03%
Price / MAexp100:	-0.01%

Quotes : 11/22/2024 - 02:31 - Real time data - Forex

News

The last news published on AUD/CAD at the time of the generation of this analysis was as follows:

05/22/2024 - 16:06 AUD/CAD Forecast May 23, 2024
01/05/2023 - 16:30 AUD/CAD Forecast January 6, 2023
12/08/2021 - 01:40 S&P 500 Volatility Should Settle if Risk Appetite is Set, AUDCAD a Top Watch
04/17/2020 - 13:10 Australian Dollar China GDP Analysis: AUD/USD, AUD/JPY, GBP/AUD, AUD/CAD
02/04/2020 - 04:13 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.

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