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 05/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.9034 CAD

My targets

0.9057 CAD (+0.0013)

0.9077 CAD (+0.0033)

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 0.9034 CAD. The buyers' bullish objective is set at 0.9057 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9077 CAD. If there is any crossing, the next objective would be the resistance located at 0.9191 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 0.9044 CAD. The price has increased by +0.10% since the last closing and was traded between 0.9006 CAD and 0.9048 CAD over the period. The price is currently at +0.42% from its lowest and -0.04% from its highest.

0.9006

0.9048

0.9044

Here is a more detailed summary of the historical variations registered by AUD/CAD:

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

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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

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	0.8997	0.9017	0.9034	0.9044	0.9047	0.9057	0.9077
Change (%)	-0.52%	-0.30%	-0.11%	-	+0.03%	+0.14%	+0.36%
Change	-0.0047	-0.0027	-0.0010	-	+0.0003	+0.0013	+0.0033
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8965	0.8990	0.9012	0.9037	0.9059	0.9084	0.9106
Camarilla	0.9022	0.9026	0.9031	0.9035	0.9039	0.9044	0.9048
Woodie	0.8965	0.8989	0.9012	0.9036	0.9059	0.9083	0.9106
Fibonacci	0.8990	0.9008	0.9019	0.9037	0.9055	0.9066	0.9084

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8935	0.8974	0.9000	0.9039	0.9065	0.9104	0.9130
Camarilla	0.9009	0.9015	0.9021	0.9027	0.9033	0.9039	0.9045
Woodie	0.8930	0.8971	0.8995	0.9036	0.9060	0.9101	0.9125
Fibonacci	0.8974	0.8999	0.9014	0.9039	0.9064	0.9079	0.9104

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.32
MACD (12,26,9):	0.0003
Directional Movement:	-3.8945
AROON (14):	64.2857
DEMA (21):	0.9042
Parabolic SAR (0,02-0,02-0,2):	0.9016
Elder Ray (13):	0.0005
Super Trend (3,10):	0.9026
Zig ZAG (10):	0.9044
VORTEX (21):	1.0778
Stochastique (14,3,5):	95.18
TEMA (21):	0.9044
Williams %R (14):	-7.14
Chande Momentum Oscillator (20):	0.0006
Repulse (5,40,3):	0.0139
ROCnROLL:	1
TRIX (15,9):	0.0026
Courbe Coppock:	0.23

MA7:	0.9041
MA20:	0.8958
MA50:	0.8918
MA100:	0.8895
MAexp7:	0.9043
MAexp20:	0.9039
MAexp50:	0.9036
MAexp100:	0.9034
Price / MA7:	+0.03%
Price / MA20:	+0.96%
Price / MA50:	+1.41%
Price / MA100:	+1.68%
Price / MAexp7:	-0%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.08%
Price / MAexp100:	+0.10%

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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