AUD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - Daily - Technical analysis published on 09/02/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 0.9302 CAD

My targets

0.9663 CAD (+0.0094)

0.9852 CAD (+0.0283)

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 0.9302 CAD. The next resistance located at 0.9663 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 0.9852 CAD. After this resistance, buyers could then target 1.0337 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

7.7

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 0.9569 CAD. The price is lower by -0.64% since the last closing with the lowest point at 0.9551 CAD and the highest point at 0.9634 CAD. The deviation from the price is +0.19% for the low point and -0.67% for the high point.

0.9551

0.9634

0.9569

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AUD/CAD indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9012	0.9191	0.9302	0.9569	0.9663	0.9852	1.0337
Change (%)	-5.82%	-3.95%	-2.79%	-	+0.98%	+2.96%	+8.03%
Change	-0.0557	-0.0378	-0.0267	-	+0.0094	+0.0283	+0.0768
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Major

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	0.9552	0.9573	0.9602	0.9623	0.9652	0.9673	0.9702
Camarilla	0.9617	0.9622	0.9626	0.9631	0.9636	0.9640	0.9645
Woodie	0.9556	0.9575	0.9606	0.9625	0.9656	0.9675	0.9706
Fibonacci	0.9573	0.9592	0.9604	0.9623	0.9642	0.9654	0.9673

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	0.9248	0.9336	0.9477	0.9565	0.9706	0.9794	0.9935
Camarilla	0.9556	0.9577	0.9598	0.9619	0.9640	0.9661	0.9682
Woodie	0.9276	0.9349	0.9505	0.9578	0.9734	0.9807	0.9963
Fibonacci	0.9336	0.9423	0.9477	0.9565	0.9652	0.9706	0.9794

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.72
MACD (12,26,9):	0.0023
Directional Movement:	5.6847
AROON (14):	35.7143
DEMA (21):	0.9574
Parabolic SAR (0,02-0,02-0,2):	0.9460
Elder Ray (13):	0.0036
Super Trend (3,10):	0.9427
Zig ZAG (10):	0.9572
VORTEX (21):	1.0207
Stochastique (14,3,5):	80.49
TEMA (21):	0.9570
Williams %R (14):	-35.81
Chande Momentum Oscillator (20):	0.0031
Repulse (5,40,3):	-0.0931
ROCnROLL:	1
TRIX (15,9):	0.0169
Courbe Coppock:	0.95

MA7:	0.9571
MA20:	0.9536
MA50:	0.9507
MA100:	0.9336
MAexp7:	0.9575
MAexp20:	0.9545
MAexp50:	0.9481
MAexp100:	0.9353
Price / MA7:	-0.02%
Price / MA20:	+0.35%
Price / MA50:	+0.65%
Price / MA100:	+2.50%
Price / MAexp7:	-0.06%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.93%
Price / MAexp100:	+2.31%

Quotes : 2020-09-02 17:02:42 - 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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