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 05/15/2024 (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

39%

17%

44%

My opinion

Bullish above 0.9034 CAD

My targets

0.9066 CAD (+0.0011)

0.9077 CAD (+0.0022)

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 0.9034 CAD. The next resistance located at 0.9066 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 0.9077 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

6.8

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

The AUD/CAD price is 0.9055 CAD. On the day, this instrument gained +0.12% and was traded between 0.9039 CAD and 0.9071 CAD over the period. The price is currently at +0.18% from its lowest and -0.18% from its highest.

0.9039

0.9071

0.9055

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

The Central Records scanner for higher/lower results shows the following items:

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. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9017	0.9034	0.9047	0.9055	0.9057	0.9066	0.9077
Change (%)	-0.42%	-0.23%	-0.09%	-	+0.02%	+0.12%	+0.24%
Change	-0.0038	-0.0021	-0.0008	-	+0.0002	+0.0011	+0.0022
Level	Major	Intermediate	Major	-	Major	Minor	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	0.8975	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	54.96
MACD (12,26,9):	0.0005
Directional Movement:	-1.2132
AROON (14):	14.2857
DEMA (21):	0.9058
Parabolic SAR (0,02-0,02-0,2):	0.9068
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.9039
Zig ZAG (10):	0.9056
VORTEX (21):	1.0988
Stochastique (14,3,5):	47.92
TEMA (21):	0.9060
Williams %R (14):	-46.88
Chande Momentum Oscillator (20):	0.0012
Repulse (5,40,3):	0.0144
ROCnROLL:	-1
TRIX (15,9):	0.0090
Courbe Coppock:	0.29

MA7:	0.9041
MA20:	0.8967
MA50:	0.8921
MA100:	0.8895
MAexp7:	0.9055
MAexp20:	0.9052
MAexp50:	0.9045
MAexp100:	0.9039
Price / MA7:	+0.15%
Price / MA20:	+0.98%
Price / MA50:	+1.50%
Price / MA100:	+1.80%
Price / MAexp7:	-0%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.11%
Price / MAexp100:	+0.18%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/CAD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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