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 05/10/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 0.9017 CAD

My targets

0.9077 CAD (+0.0030)

0.9191 CAD (+0.0144)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9017 CAD. The buyers' bullish objective is set at 0.9077 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9191 CAD. If there is any crossing, the next objective would be the resistance located at 0.9511 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

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 price is 0.9047 CAD. The price is lower by -0.03% since the last closing and was traded between 0.9034 CAD and 0.9053 CAD over the period. The price is currently at +0.14% from its lowest and -0.07% from its highest.

0.9034

0.9053

0.9047

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

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 AUD/CAD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	0.8976	0.8997	0.9017	0.9047	0.9047	0.9077	0.9191
Change (%)	-0.78%	-0.55%	-0.33%	0%	-	+0.33%	+1.59%
Change	-0.0071	-0.0050	-0.0030	0	-	+0.0030	+0.0144
Level	Minor	Intermediate	Major	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8987	0.9003	0.9026	0.9042	0.9065	0.9081	0.9104
Camarilla	0.9039	0.9043	0.9046	0.9050	0.9054	0.9057	0.9061
Woodie	0.8992	0.9005	0.9031	0.9044	0.9070	0.9083	0.9109
Fibonacci	0.9003	0.9018	0.9027	0.9042	0.9057	0.9066	0.9081

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8803	0.8856	0.8951	0.9004	0.9099	0.9152	0.9247
Camarilla	0.9005	0.9019	0.9032	0.9046	0.9060	0.9073	0.9087
Woodie	0.8824	0.8867	0.8972	0.9015	0.9120	0.9163	0.9268
Fibonacci	0.8856	0.8913	0.8948	0.9004	0.9061	0.9096	0.9152

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8575	0.8678	0.8800	0.8903	0.9025	0.9128	0.9250
Camarilla	0.8859	0.8880	0.8900	0.8921	0.8942	0.8962	0.8983
Woodie	0.8584	0.8683	0.8809	0.8908	0.9034	0.9133	0.9259
Fibonacci	0.8678	0.8764	0.8817	0.8903	0.8989	0.9042	0.9128

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):	56.14
MACD (12,26,9):	0.0002
Directional Movement:	2.3299
AROON (14):	-35.7143
DEMA (21):	0.9046
Parabolic SAR (0,02-0,02-0,2):	0.9054
Elder Ray (13):	0
Super Trend (3,10):	0.9033
Zig ZAG (10):	0.9048
VORTEX (21):	1.0390
Stochastique (14,3,5):	44.93
TEMA (21):	0.9046
Williams %R (14):	-47.83
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.0026
ROCnROLL:	1
TRIX (15,9):	0.0043
Courbe Coppock:	0.12

MA7:	0.9037
MA20:	0.8942
MA50:	0.8910
MA100:	0.8895
MAexp7:	0.9045
MAexp20:	0.9044
MAexp50:	0.9041
MAexp100:	0.9034
Price / MA7:	+0.11%
Price / MA20:	+1.17%
Price / MA50:	+1.54%
Price / MA100:	+1.71%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.14%

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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