AUD/CAD - 1H - Technical analysis published on 03/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.8877 CAD
My targets
0.8908 CAD (+0.0018)
0.8922 CAD (+0.0032)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CAD. As long as you are above the support located at 0.8877 CAD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.8908 CAD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.8922 CAD as an objective. Crossing it would then enable buyers to target 0.8937 CAD. If the support 0.8877 CAD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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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 0.8890 CAD. The price is lower by -0.01% since the last closing and was traded between 0.8880 CAD and 0.8930 CAD over the period. The price is currently at +0.11% from its lowest and -0.45% from its highest.0.8880
0.8930
0.8890
Here is a more detailed summary of the historical variations registered by AUD/CAD:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/CAD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8850 | 0.8862 | 0.8877 | 0.8890 | 0.8908 | 0.8922 | 0.8937 |
| Change (%) | -0.45% | -0.31% | -0.15% | - | +0.20% | +0.36% | +0.53% |
| Change | -0.0040 | -0.0028 | -0.0013 | - | +0.0018 | +0.0032 | +0.0047 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8820 | 0.8835 | 0.8863 | 0.8878 | 0.8906 | 0.8921 | 0.8949 |
| Camarilla | 0.8879 | 0.8883 | 0.8887 | 0.8891 | 0.8895 | 0.8899 | 0.8903 |
| Woodie | 0.8827 | 0.8838 | 0.8870 | 0.8881 | 0.8913 | 0.8924 | 0.8956 |
| Fibonacci | 0.8835 | 0.8851 | 0.8862 | 0.8878 | 0.8894 | 0.8905 | 0.8921 |
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): | 45.56 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -4.5826 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.8902 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8920 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 0.8919 | |
| Zig ZAG (10): | 0.8890 | |
| VORTEX (21): | 1.0263 | |
| Stochastique (14,3,5): | 21.33 | |
| TEMA (21): | 0.8896 | |
| Williams %R (14): | -78.00 | |
| Chande Momentum Oscillator (20): | -0.0030 | |
| Repulse (5,40,3): | 0.0213 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 0.47 |
| MA7: | 0.8889 | |
| MA20: | 0.8873 | |
| MA50: | 0.8849 | |
| MA100: | 0.8899 | |
| MAexp7: | 0.8894 | |
| MAexp20: | 0.8897 | |
| MAexp50: | 0.8889 | |
| MAexp100: | 0.8886 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.05% |
Quotes :
-
Real time data
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Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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