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 05/15/2024 (GMT)

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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

83%

17%

My opinion

Bullish above 0.9047 CAD

My targets

0.9077 CAD (+0.0011)

0.9191 CAD (+0.0125)

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 0.9047 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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

AUD/CAD rating 0.9066 CAD. On the day, this instrument gained +0.24% and was between 0.9039 CAD and 0.9071 CAD. This implies that the price is at +0.30% from its lowest and at -0.06% from its highest.

0.9039

0.9071

0.9066

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 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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

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 these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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 horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	0.9034	0.9047	0.9057	0.9066	0.9066	0.9077	0.9191
Change (%)	-0.35%	-0.21%	-0.10%	0%	-	+0.12%	+1.38%
Change	-0.0032	-0.0019	-0.0009	0	-	+0.0011	+0.0125
Level	Intermediate	Major	Major	Minor	-	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	0.8975	0.8991	0.9017	0.9033	0.9059	0.9075	0.9101
Camarilla	0.9033	0.9036	0.9040	0.9044	0.9048	0.9052	0.9056
Woodie	0.8981	0.8994	0.9023	0.9036	0.9065	0.9078	0.9107
Fibonacci	0.8991	0.9007	0.9017	0.9033	0.9049	0.9059	0.9075

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):	75.68
MACD (12,26,9):	0.0007
Directional Movement:	11.5967
AROON (14):	92.8571
DEMA (21):	0.9055
Parabolic SAR (0,02-0,02-0,2):	0.9040
Elder Ray (13):	0.0015
Super Trend (3,10):	0.9042
Zig ZAG (10):	0.9065
VORTEX (21):	1.1989
Stochastique (14,3,5):	86.66
TEMA (21):	0.9060
Williams %R (14):	-17.14
Chande Momentum Oscillator (20):	0.0022
Repulse (5,40,3):	0.0954
ROCnROLL:	1
TRIX (15,9):	0.0064
Courbe Coppock:	0.40

MA7:	0.9043
MA20:	0.8968
MA50:	0.8922
MA100:	0.8895
MAexp7:	0.9056
MAexp20:	0.9047
MAexp50:	0.9041
MAexp100:	0.9036
Price / MA7:	+0.25%
Price / MA20:	+1.09%
Price / MA50:	+1.61%
Price / MA100:	+1.92%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.28%
Price / MAexp100:	+0.33%

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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