AUD/CAD - 1H - Technical analysis published on 09/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.9573 CAD
My targets
0.9499 CAD (-0.0043)
0.9461 CAD (-0.0081)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/CAD as long as the price remains well below 0.9573 CAD. The sellers” bearish objective is set at 0.9499 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9461 CAD. In case of crossing, the next objective would be the support located at 0.9431 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/CAD price is 0.9542 CAD. The price registered a decrease of -0.21% on the session and was between 0.9539 CAD and 0.9580 CAD. This implies that the price is at +0.03% from its lowest and at -0.40% from its highest.0.9539
0.9580
0.9542
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/CAD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9431 | 0.9461 | 0.9499 | 0.9542 | 0.9551 | 0.9573 | 0.9594 |
| Change (%) | -1.16% | -0.85% | -0.45% | - | +0.09% | +0.32% | +0.54% |
| Change | -0.0111 | -0.0081 | -0.0043 | - | +0.0009 | +0.0031 | +0.0052 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 0.9448 | 0.9499 | 0.9531 | 0.9582 | 0.9614 | 0.9665 | 0.9697 |
| Camarilla | 0.9539 | 0.9547 | 0.9554 | 0.9562 | 0.9570 | 0.9577 | 0.9585 |
| Woodie | 0.9438 | 0.9494 | 0.9521 | 0.9577 | 0.9604 | 0.9660 | 0.9687 |
| Fibonacci | 0.9499 | 0.9531 | 0.9551 | 0.9582 | 0.9614 | 0.9634 | 0.9665 |
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): | 39.28 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -8.2540 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.9545 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9570 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 0.9588 | |
| Zig ZAG (10): | 0.9542 | |
| VORTEX (21): | 0.9639 | |
| Stochastique (14,3,5): | 15.74 | |
| TEMA (21): | 0.9546 | |
| Williams %R (14): | -95.12 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0731 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0114 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.9580 | |
| MA20: | 0.9531 | |
| MA50: | 0.9510 | |
| MA100: | 0.9342 | |
| MAexp7: | 0.9549 | |
| MAexp20: | 0.9556 | |
| MAexp50: | 0.9571 | |
| MAexp100: | 0.9577 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +0.34% | |
| Price / MA100: | +2.14% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.37% |
Quotes :
2020-09-03 22:53:14
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Real time data
-
Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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