AUD/CAD - 1H - Technical analysis published on 09/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.9550 CAD
My targets
0.9509 CAD (-0.0015)
0.9491 CAD (-0.0033)
My analysis
The bearish basic trend is very strong on AUD/CAD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.9550 CAD. Crossing the first support at 0.9509 CAD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.9491 CAD as an objective. Crossing it would then enable sellers to target 0.9470 CAD. Caution, a return to above the resistance located at 0.9550 CAD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9524 CAD. On the day, this instrument gained +0.11% and was traded between 0.9505 CAD and 0.9550 CAD over the period. The price is currently at +0.20% from its lowest and -0.27% from its highest.0.9505
0.9550
0.9524
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/CAD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.9470 | 0.9491 | 0.9509 | 0.9524 | 0.9550 | 0.9580 | 0.9618 |
| Change (%) | -0.57% | -0.35% | -0.16% | - | +0.27% | +0.59% | +0.99% |
| Change | -0.0054 | -0.0033 | -0.0015 | - | +0.0026 | +0.0056 | +0.0094 |
| Level | Minor | Major | Minor | - | 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 | 0.9422 | 0.9455 | 0.9484 | 0.9517 | 0.9546 | 0.9579 | 0.9608 |
| Camarilla | 0.9497 | 0.9503 | 0.9508 | 0.9514 | 0.9520 | 0.9525 | 0.9531 |
| Woodie | 0.9421 | 0.9454 | 0.9483 | 0.9516 | 0.9545 | 0.9578 | 0.9607 |
| Fibonacci | 0.9455 | 0.9478 | 0.9493 | 0.9517 | 0.9540 | 0.9555 | 0.9579 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9285 | 0.9386 | 0.9450 | 0.9551 | 0.9615 | 0.9716 | 0.9780 |
| Camarilla | 0.9469 | 0.9484 | 0.9499 | 0.9514 | 0.9529 | 0.9544 | 0.9559 |
| Woodie | 0.9267 | 0.9377 | 0.9432 | 0.9542 | 0.9597 | 0.9707 | 0.9762 |
| Fibonacci | 0.9386 | 0.9449 | 0.9488 | 0.9551 | 0.9614 | 0.9653 | 0.9716 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.87 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 0.6104 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.9533 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9550 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.9510 | |
| Zig ZAG (10): | 0.9527 | |
| VORTEX (21): | 1.0348 | |
| Stochastique (14,3,5): | 31.93 | |
| TEMA (21): | 0.9538 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.0723 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0014 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.9576 | |
| MA20: | 0.9525 | |
| MA50: | 0.9515 | |
| MA100: | 0.9354 | |
| MAexp7: | 0.9533 | |
| MAexp20: | 0.9531 | |
| MAexp50: | 0.9538 | |
| MAexp100: | 0.9550 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | +0.09% | |
| Price / MA100: | +1.82% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.28% |
Quotes :
2020-09-07 15:12:00
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Real time data
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Forex
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This member declared not having a position on this financial instrument or a related financial instrument.
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