AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - Weekly - Technical analysis published on 08/31/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 0.9349 CAD

My targets

0.9852 CAD (+0.0216)

1.0337 CAD (+0.0701)

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 0.9349 CAD. The next resistance located at 0.9852 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 1.0337 CAD. After this resistance, buyers could then target 1.0731 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

7.1

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/CAD rating 0.9636 CAD. Over 5 days, this instrument gained +1.69% and was traded between 0.9492 CAD and 0.9651 CAD over the period. The price is currently at +1.52% from its lowest point and -0.16% from its highest point.

0.9492

0.9651

0.9636

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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 result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of AUD/CAD indicates that the overall trend is strongly bullish. 85.71% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

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 a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9191	0.9349	0.9586	0.9636	0.9852	1.0337	1.0731
Change (%)	-4.62%	-2.98%	-0.52%	-	+2.24%	+7.27%	+11.36%
Change	-0.0445	-0.0287	-0.0050	-	+0.0216	+0.0701	+0.1095
Level	Major	Intermediate	Major	-	Intermediate	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9619	0.9626	0.9634	0.9641	0.9649	0.9656	0.9664
Camarilla	0.9638	0.9639	0.9641	0.9642	0.9643	0.9645	0.9646
Woodie	0.9620	0.9626	0.9635	0.9641	0.9650	0.9656	0.9665
Fibonacci	0.9485	0.9532	0.9635	0.9641	0.9647	0.9650	0.9656

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9269	0.9346	0.9497	0.9574	0.9725	0.9802	0.9953
Camarilla	0.9585	0.9606	0.9627	0.9648	0.9669	0.9690	0.9711
Woodie	0.9306	0.9365	0.9534	0.9593	0.9762	0.9821	0.9990
Fibonacci	0.9346	0.9433	0.9487	0.9574	0.9661	0.9715	0.9802

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9038	0.9193	0.9387	0.9542	0.9736	0.9891	1.0085
Camarilla	0.9485	0.9517	0.9549	0.9581	0.9613	0.9645	0.9677
Woodie	0.9058	0.9203	0.9407	0.9552	0.9756	0.9901	1.0105
Fibonacci	0.9193	0.9326	0.9409	0.9542	0.9675	0.9758	0.9891

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):	66.52
MACD (12,26,9):	0.0165
Directional Movement:	12.1450
AROON (14):	64.2857
DEMA (21):	0.9577
Parabolic SAR (0,02-0,02-0,2):	0.9666
Elder Ray (13):	0.0174
Super Trend (3,10):	0.9180
Zig ZAG (10):	0.9637
VORTEX (21):	1.3762
Stochastique (14,3,5):	80.38
TEMA (21):	0.9688
Williams %R (14):	-11.09
Chande Momentum Oscillator (20):	0.0303
Repulse (5,40,3):	1.3982
ROCnROLL:	1
TRIX (15,9):	0.2411
Courbe Coppock:	9.43

MA7:	0.9533
MA20:	0.9536
MA50:	0.9503
MA100:	0.9330
MAexp7:	0.9551
MAexp20:	0.9373
MAexp50:	0.9221
MAexp100:	0.9264
Price / MA7:	+1.08%
Price / MA20:	+1.05%
Price / MA50:	+1.40%
Price / MA100:	+3.28%
Price / MAexp7:	+0.88%
Price / MAexp20:	+2.80%
Price / MAexp50:	+4.49%
Price / MAexp100:	+4.00%

Quotes : 2020-08-31 02:43:30 - 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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