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 04/26/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.8919 CAD

My targets

0.8997 CAD (+0.0068)

0.9047 CAD (+0.0118)

My analysis

AUD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8919 CAD. The next resistance located at 0.8997 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9047 CAD. After this resistance, buyers could then target 0.9191 CAD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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

AUD/CAD rating 0.8929 CAD. The price has increased by +0.24% since the last closing and was between 0.8903 CAD and 0.8940 CAD. This implies that the price is at +0.29% from its lowest and at -0.12% from its highest.

0.8903

0.8940

0.8929

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8855	0.8891	0.8919	0.8929	0.8937	0.8997	0.9047
Change (%)	-0.83%	-0.43%	-0.11%	-	+0.09%	+0.76%	+1.32%
Change	-0.0074	-0.0038	-0.0010	-	+0.0008	+0.0068	+0.0118
Level	Major	Intermediate	Minor	-	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	0.8849	0.8873	0.8890	0.8914	0.8931	0.8955	0.8972
Camarilla	0.8897	0.8901	0.8904	0.8908	0.8912	0.8916	0.8919
Woodie	0.8847	0.8871	0.8888	0.8912	0.8929	0.8953	0.8970
Fibonacci	0.8873	0.8888	0.8898	0.8914	0.8929	0.8939	0.8955

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8621	0.8701	0.8766	0.8846	0.8911	0.8991	0.9056
Camarilla	0.8790	0.8803	0.8817	0.8830	0.8843	0.8857	0.8870
Woodie	0.8613	0.8697	0.8758	0.8842	0.8903	0.8987	0.9048
Fibonacci	0.8701	0.8757	0.8791	0.8846	0.8902	0.8936	0.8991

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):	58.05
MACD (12,26,9):	0.0005
Directional Movement:	8.6498
AROON (14):	78.5714
DEMA (21):	0.8925
Parabolic SAR (0,02-0,02-0,2):	0.8908
Elder Ray (13):	0.0004
Super Trend (3,10):	0.8904
Zig ZAG (10):	0.8926
VORTEX (21):	1.0860
Stochastique (14,3,5):	62.02
TEMA (21):	0.8926
Williams %R (14):	-35.90
Chande Momentum Oscillator (20):	0.0018
Repulse (5,40,3):	0.0112
ROCnROLL:	1
TRIX (15,9):	0.0059
Courbe Coppock:	0.46

MA7:	0.8874
MA20:	0.8892
MA50:	0.8876
MA100:	0.8890
MAexp7:	0.8925
MAexp20:	0.8918
MAexp50:	0.8908
MAexp100:	0.8893
Price / MA7:	+0.62%
Price / MA20:	+0.42%
Price / MA50:	+0.60%
Price / MA100:	+0.44%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.24%
Price / MAexp100:	+0.40%

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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