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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.9332 | 0.9364 | 0.9389 | 0.9421 | 0.9446 | 0.9478 | 0.9503 |
Camarilla | 0.9399 | 0.9405 | 0.9410 | 0.9415 | 0.9420 | 0.9426 | 0.9431 |
Woodie | 0.9330 | 0.9362 | 0.9387 | 0.9419 | 0.9444 | 0.9476 | 0.9501 |
Fibonacci | 0.9364 | 0.9385 | 0.9399 | 0.9421 | 0.9442 | 0.9456 | 0.9478 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9273 | 0.9354 | 0.9505 | 0.9586 | 0.9737 | 0.9818 | 0.9969 |
Camarilla | 0.9593 | 0.9615 | 0.9636 | 0.9657 | 0.9678 | 0.9700 | 0.9721 |
Woodie | 0.9309 | 0.9372 | 0.9541 | 0.9604 | 0.9773 | 0.9836 | 1.0005 |
Fibonacci | 0.9354 | 0.9442 | 0.9497 | 0.9586 | 0.9674 | 0.9729 | 0.9818 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9118 | 0.9254 | 0.9395 | 0.9531 | 0.9672 | 0.9808 | 0.9949 |
Camarilla | 0.9459 | 0.9484 | 0.9510 | 0.9535 | 0.9560 | 0.9586 | 0.9611 |
Woodie | 0.9120 | 0.9255 | 0.9397 | 0.9532 | 0.9674 | 0.9809 | 0.9951 |
Fibonacci | 0.9254 | 0.9360 | 0.9426 | 0.9531 | 0.9637 | 0.9703 | 0.9808 |
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
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Real time data
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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:
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- RBA Coverage: AUD/USD, AUD/JPY, AUD/CAD, AUD/NZD Outlook with Daniel Dubrovsky
- AUDCAD Primed For Break with Fewer Thematic Restrictions (Quick Take Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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