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 04/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

56%

11%

My opinion

Bearish under 0.8878 CAD

My targets

0.8825 CAD (-0.0035)

0.8750 CAD (-0.0110)

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 0.8878 CAD. The next support located at 0.8825 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.8

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 price is 0.8860 CAD. The price is lower by -0.24% since the last closing and was between 0.8846 CAD and 0.8882 CAD. This implies that the price is at +0.16% from its lowest and at -0.25% from its highest.

0.8846

0.8882

0.8860

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 2 are neutral and 10 are bearish. 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 : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8602	0.8678	0.8750	0.8860	0.8878	0.8891	0.8927
Change (%)	-2.91%	-2.05%	-1.24%	-	+0.20%	+0.35%	+0.76%
Change	-0.0258	-0.0182	-0.0110	-	+0.0018	+0.0031	+0.0067
Level	Major	Minor	Major	-	Intermediate	Intermediate	Intermediate

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	0.8815	0.8846	0.8864	0.8895	0.8913	0.8944	0.8962
Camarilla	0.8868	0.8872	0.8877	0.8881	0.8886	0.8890	0.8895
Woodie	0.8808	0.8843	0.8857	0.8892	0.8906	0.8941	0.8955
Fibonacci	0.8846	0.8865	0.8877	0.8895	0.8914	0.8926	0.8944

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8753	0.8825	0.8864	0.8936	0.8975	0.9047	0.9086
Camarilla	0.8874	0.8884	0.8894	0.8904	0.8914	0.8924	0.8935
Woodie	0.8738	0.8817	0.8849	0.8928	0.8960	0.9039	0.9071
Fibonacci	0.8825	0.8867	0.8893	0.8936	0.8978	0.9004	0.9047

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8619	0.8713	0.8763	0.8857	0.8907	0.9001	0.9051
Camarilla	0.8774	0.8788	0.8801	0.8814	0.8827	0.8840	0.8854
Woodie	0.8598	0.8702	0.8742	0.8846	0.8886	0.8990	0.9030
Fibonacci	0.8713	0.8768	0.8802	0.8857	0.8912	0.8946	0.9001

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):	25.02
MACD (12,26,9):	-0.0013
Directional Movement:	-25.0917
AROON (14):	-64.2857
DEMA (21):	0.8863
Parabolic SAR (0,02-0,02-0,2):	0.8875
Elder Ray (13):	-0.0014
Super Trend (3,10):	0.8887
Zig ZAG (10):	0.8858
VORTEX (21):	0.7580
Stochastique (14,3,5):	22.92
TEMA (21):	0.8858
Williams %R (14):	-76.92
Chande Momentum Oscillator (20):	-0.0030
Repulse (5,40,3):	0.0089
ROCnROLL:	2
TRIX (15,9):	-0.0180
Courbe Coppock:	0.69

MA7:	0.8923
MA20:	0.8887
MA50:	0.8861
MA100:	0.8898
MAexp7:	0.8865
MAexp20:	0.8880
MAexp50:	0.8899
MAexp100:	0.8913
Price / MA7:	-0.71%
Price / MA20:	-0.30%
Price / MA50:	-0.01%
Price / MA100:	-0.43%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.23%
Price / MAexp50:	-0.44%
Price / MAexp100:	-0.59%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on AUD/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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