AUD/CAD

- CAD (-)

- Real time data - Forex

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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%

39%

28%

My opinion

Bearish under 0.8878 CAD

My targets

0.8825 CAD (-0.0025)

0.8750 CAD (-0.0100)

My analysis

The bearish trend is currently very strong for AUD/CAD. As long as the price remains below the resistance at 0.8878 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8825 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8750 CAD as an objective. Crossing it would then enable sellers to target 0.8678 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

6.3

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 0.8850 CAD. The price registered a decrease of -0.35% on the session and was traded between 0.8841 CAD and 0.8882 CAD over the period. The price is currently at +0.10% from its lowest and -0.36% from its highest.

0.8841

0.8882

0.8850

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

Technical

Technical analysis of AUD/CAD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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 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

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

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	0.8850	0.8878	0.8891	0.8927
Change (%)	-2.80%	-1.94%	-1.13%	-	+0.32%	+0.46%	+0.87%
Change	-0.0248	-0.0172	-0.0100	-	+0.0028	+0.0041	+0.0077
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	39.68
MACD (12,26,9):	-0.0008
Directional Movement:	-8.1227
AROON (14):	0
DEMA (21):	0.8848
Parabolic SAR (0,02-0,02-0,2):	0.8846
Elder Ray (13):	-0.0006
Super Trend (3,10):	0.8879
Zig ZAG (10):	0.8851
VORTEX (21):	0.9390
Stochastique (14,3,5):	30.56
TEMA (21):	0.8850
Williams %R (14):	-72.22
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	0.0015
ROCnROLL:	2
TRIX (15,9):	-0.0151
Courbe Coppock:	0.07

MA7:	0.8922
MA20:	0.8887
MA50:	0.8861
MA100:	0.8898
MAexp7:	0.8854
MAexp20:	0.8859
MAexp50:	0.8877
MAexp100:	0.8896
Price / MA7:	-0.81%
Price / MA20:	-0.42%
Price / MA50:	-0.12%
Price / MA100:	-0.54%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.30%
Price / MAexp100:	-0.52%

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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