AUD/CAD - 1H - Technical analysis published on 10/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.9304 CAD
My targets
0.9216 CAD (-0.0077)
0.9191 CAD (-0.0102)
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 0.9304 CAD. The sellers” bearish objective is set at 0.9216 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9191 CAD. In case of crossing, the next objective would be the support located at 0.9018 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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Additional analysis
Quotes
The AUD/CAD rating is 0.9293 CAD. The price is lower by -0.11% since the last closing and was between 0.9286 CAD and 0.9307 CAD. This implies that the price is at +0.08% from its lowest and at -0.15% from its highest.0.9286
0.9307
0.9293
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/CAD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.8866 | 0.9018 | 0.9191 | 0.9293 | 0.9304 | 0.9326 | 0.9395 |
Change (%) | -4.59% | -2.96% | -1.10% | - | +0.12% | +0.36% | +1.10% |
Change | -0.0427 | -0.0275 | -0.0102 | - | +0.0011 | +0.0033 | +0.0102 |
Level | Minor | Major | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9200 | 0.9249 | 0.9276 | 0.9325 | 0.9352 | 0.9401 | 0.9428 |
Camarilla | 0.9282 | 0.9289 | 0.9296 | 0.9303 | 0.9310 | 0.9317 | 0.9324 |
Woodie | 0.9189 | 0.9244 | 0.9265 | 0.9320 | 0.9341 | 0.9396 | 0.9417 |
Fibonacci | 0.9249 | 0.9278 | 0.9296 | 0.9325 | 0.9354 | 0.9372 | 0.9401 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9105 | 0.9216 | 0.9278 | 0.9389 | 0.9451 | 0.9562 | 0.9624 |
Camarilla | 0.9293 | 0.9309 | 0.9325 | 0.9341 | 0.9357 | 0.9373 | 0.9389 |
Woodie | 0.9082 | 0.9204 | 0.9255 | 0.9377 | 0.9428 | 0.9550 | 0.9601 |
Fibonacci | 0.9216 | 0.9282 | 0.9323 | 0.9389 | 0.9455 | 0.9496 | 0.9562 |
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): | 25.98 | |
MACD (12,26,9): | -0.0015 | |
Directional Movement: | -18.9916 | |
AROON (14): | -100.0000 | |
DEMA (21): | 0.9301 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9315 | |
Elder Ray (13): | -0.0020 | |
Super Trend (3,10): | 0.9325 | |
Zig ZAG (10): | 0.9294 | |
VORTEX (21): | 0.7529 | |
Stochastique (14,3,5): | 7.41 | |
TEMA (21): | 0.9293 | |
Williams %R (14): | -90.00 | |
Chande Momentum Oscillator (20): | -0.0035 | |
Repulse (5,40,3): | -0.1232 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0173 | |
Courbe Coppock: | 1.04 |
MA7: | 0.9367 | |
MA20: | 0.9447 | |
MA50: | 0.9509 | |
MA100: | 0.9480 | |
MAexp7: | 0.9300 | |
MAexp20: | 0.9318 | |
MAexp50: | 0.9339 | |
MAexp100: | 0.9363 | |
Price / MA7: | -0.79% | |
Price / MA20: | -1.63% | |
Price / MA50: | -2.27% | |
Price / MA100: | -1.97% | |
Price / MAexp7: | -0.08% | |
Price / MAexp20: | -0.27% | |
Price / MAexp50: | -0.49% | |
Price / MAexp100: | -0.75% |
Quotes :
2020-10-20 03:59:01
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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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