AUD/CAD
AUD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 10/14/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.9416 CAD
My targets
0.9448 CAD (+0.0010)
0.9503 CAD (+0.0065)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AUD/CAD as long as the price remains well above 0.9416 CAD. The buyers” bullish objective is set at 0.9448 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9503 CAD. If there is any crossing, the next objective would be the resistance located at 0.9550 CAD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.9448 CAD. On this resistance, against the trend traders who would like to go short on AUD/CAD with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/CAD price is 0.9438 CAD. On the day, this instrument gained +0.24% and was traded between 0.9405 CAD and 0.9441 CAD over the period. The price is currently at +0.35% from its lowest and -0.03% from its highest.

0.9405
0.9441
0.9438

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of AUD/CAD in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

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


S3S2S1PriceR1R2R3
ProTrendLines 0.9395 0.9416 0.9429 0.9438 0.9448 0.9503 0.9550
Change (%) -0.46% -0.23% -0.10% - +0.11% +0.69% +1.19%
Change -0.0043 -0.0022 -0.0009 - +0.0010 +0.0065 +0.0112
Level Intermediate Minor Intermediate - Major Intermediate Minor



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
Standard0.93320.93640.93890.94210.94460.94780.9503
Camarilla0.93990.94050.94100.94150.94200.94260.9431
Woodie0.93300.93620.93870.94190.94440.94760.9501
Fibonacci0.93640.93850.93990.94210.94420.94560.9478


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.92730.93540.95050.95860.97370.98180.9969
Camarilla0.95930.96150.96360.96570.96780.97000.9721
Woodie0.93090.93720.95410.96040.97730.98361.0005
Fibonacci0.93540.94420.94970.95860.96740.97290.9818


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.91180.92540.93950.95310.96720.98080.9949
Camarilla0.94590.94840.95100.95350.95600.95860.9611
Woodie0.91200.92550.93970.95320.96740.98090.9951
Fibonacci0.92540.93600.94260.95310.96370.97030.9808

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): 61.34
MACD (12,26,9): 0.0002
Directional Movement: 0.7853
AROON (14): 50.0000
DEMA (21): 0.9426
Parabolic SAR (0,02-0,02-0,2): 0.9416
Elder Ray (13): 0.0011
Super Trend (3,10): 0.9406
Zig ZAG (10): 0.9439
VORTEX (21): 1.1857
Stochastique (14,3,5): 89.47
TEMA (21): 0.9434
Williams %R (14): -8.33
Chande Momentum Oscillator (20): 0.0018
Repulse (5,40,3): 0.1355
ROCnROLL: 1
TRIX (15,9): -0.0011
Courbe Coppock: 0.33
MA7: 0.9390
MA20: 0.9472
MA50: 0.9517
MA100: 0.9475
MAexp7: 0.9431
MAexp20: 0.9424
MAexp50: 0.9431
MAexp100: 0.9446
Price / MA7: +0.51%
Price / MA20: -0.36%
Price / MA50: -0.83%
Price / MA100: -0.39%
Price / MAexp7: +0.07%
Price / MAexp20: +0.15%
Price / MAexp50: +0.07%
Price / MAexp100: -0.08%

Quotes : 2020-10-14 15:27:22 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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