AUD/CAD - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.9580 CAD
My targets
0.9621 CAD (+0.0016)
0.9644 CAD (+0.0039)
My analysis
The bullish trend is currently very strong on AUD/CAD. As long as the price remains above the support at 0.9580 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.9621 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9644 CAD as an objective. Crossing it would then enable buyers to target 0.9663 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
0
10
7.1
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9605 CAD. The price has increased by +0.04% since the last closing and was between 0.9573 CAD and 0.9611 CAD. This implies that the price is at +0.33% from its lowest and at -0.06% from its highest.0.9573
0.9611
0.9605
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
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
A technical analysis in 1H of this AUD/CAD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9520 | 0.9550 | 0.9580 | 0.9605 | 0.9605 | 0.9621 | 0.9644 |
| Change (%) | -0.88% | -0.57% | -0.26% | 0% | - | +0.17% | +0.41% |
| Change | -0.0085 | -0.0055 | -0.0025 | 0 | - | +0.0016 | +0.0039 |
| Level | Minor | Intermediate | Minor | Minor | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8879 | 0.8922 | 0.8947 | 0.8990 | 0.9015 | 0.9058 | 0.9083 |
| Camarilla | 0.8953 | 0.8960 | 0.8966 | 0.8972 | 0.8978 | 0.8985 | 0.8991 |
| Woodie | 0.8870 | 0.8918 | 0.8938 | 0.8986 | 0.9006 | 0.9054 | 0.9074 |
| Fibonacci | 0.8922 | 0.8948 | 0.8964 | 0.8990 | 0.9016 | 0.9032 | 0.9058 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9258 | 0.9322 | 0.9412 | 0.9476 | 0.9566 | 0.9630 | 0.9720 |
| Camarilla | 0.9461 | 0.9475 | 0.9489 | 0.9503 | 0.9517 | 0.9531 | 0.9545 |
| Woodie | 0.9272 | 0.9329 | 0.9426 | 0.9483 | 0.9580 | 0.9637 | 0.9734 |
| Fibonacci | 0.9322 | 0.9381 | 0.9417 | 0.9476 | 0.9535 | 0.9571 | 0.9630 |
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): | 58.13 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.4744 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.9591 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9573 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 0.9620 | |
| Zig ZAG (10): | 0.9609 | |
| VORTEX (21): | 0.9474 | |
| Stochastique (14,3,5): | 44.07 | |
| TEMA (21): | 0.9590 | |
| Williams %R (14): | -42.37 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.2259 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0029 | |
| Courbe Coppock: | 0.09 |
| MA7: | 0.9487 | |
| MA20: | 0.9517 | |
| MA50: | 0.9523 | |
| MA100: | 0.9383 | |
| MAexp7: | 0.9593 | |
| MAexp20: | 0.9591 | |
| MAexp50: | 0.9589 | |
| MAexp100: | 0.9581 | |
| Price / MA7: | +1.24% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +0.86% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.24% |
Quotes :
2020-09-14 14:45:16
-
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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