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 03/19/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8862 CAD

My targets

0.8774 CAD (-0.0063)

0.8750 CAD (-0.0087)

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 0.8862 CAD. The next support located at 0.8774 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 0.8750 CAD. Below this support, sellers could then target 0.8678 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.1

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

Additional analysis

Quotes

The AUD/CAD rating is 0.8837 CAD. The price registered a decrease of -0.43% on the session with the lowest point at 0.8835 CAD and the highest point at 0.8886 CAD. The deviation from the price is +0.02% for the low point and -0.55% for the high point.

0.8835

0.8886

0.8837

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

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 HIGH record (1st january)

Type : Bullish

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 bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8602	0.8678	0.8750	0.8837	0.8862	0.8869	0.8879
Change (%)	-2.66%	-1.80%	-0.98%	-	+0.28%	+0.36%	+0.48%
Change	-0.0235	-0.0159	-0.0087	-	+0.0025	+0.0032	+0.0042
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	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	0.8834	0.8852	0.8864	0.8882	0.8894	0.8912	0.8924
Camarilla	0.8867	0.8870	0.8872	0.8875	0.8878	0.8881	0.8883
Woodie	0.8830	0.8851	0.8860	0.8881	0.8890	0.8911	0.8920
Fibonacci	0.8852	0.8864	0.8871	0.8882	0.8894	0.8901	0.8912

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8774	0.8821	0.8850	0.8897	0.8926	0.8973	0.9002
Camarilla	0.8857	0.8864	0.8871	0.8878	0.8885	0.8892	0.8899
Woodie	0.8764	0.8817	0.8840	0.8893	0.8916	0.8969	0.8992
Fibonacci	0.8821	0.8850	0.8868	0.8897	0.8926	0.8944	0.8973

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8569	0.8648	0.8733	0.8812	0.8897	0.8976	0.9061
Camarilla	0.8774	0.8789	0.8804	0.8819	0.8834	0.8849	0.8864
Woodie	0.8573	0.8650	0.8737	0.8814	0.8901	0.8978	0.9065
Fibonacci	0.8648	0.8710	0.8749	0.8812	0.8874	0.8913	0.8976

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):	24.53
MACD (12,26,9):	-0.0012
Directional Movement:	-22.3019
AROON (14):	-21.4285
DEMA (21):	0.8847
Parabolic SAR (0,02-0,02-0,2):	0.8876
Elder Ray (13):	-0.0014
Super Trend (3,10):	0.8871
Zig ZAG (10):	0.8837
VORTEX (21):	0.7389
Stochastique (14,3,5):	10.46
TEMA (21):	0.8839
Williams %R (14):	-96.08
Chande Momentum Oscillator (20):	-0.0039
Repulse (5,40,3):	-0.1383
ROCnROLL:	2
TRIX (15,9):	-0.0135
Courbe Coppock:	0.73

MA7:	0.8893
MA20:	0.8868
MA50:	0.8851
MA100:	0.8897
MAexp7:	0.8846
MAexp20:	0.8861
MAexp50:	0.8875
MAexp100:	0.8886
Price / MA7:	-0.63%
Price / MA20:	-0.35%
Price / MA50:	-0.16%
Price / MA100:	-0.67%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.27%
Price / MAexp50:	-0.43%
Price / MAexp100:	-0.55%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/CAD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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