AUD/CAD
AUD CAD
- CAD (-)
- Real time data - Forex
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High: -
High / Low range: -
Type: Forex
Ticker: AUDCAD
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AUD/CAD - 1H - Technical analysis published on 10/20/2020 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard0.92000.92490.92760.93250.93520.94010.9428
Camarilla0.92820.92890.92960.93030.93100.93170.9324
Woodie0.91890.92440.92650.93200.93410.93960.9417
Fibonacci0.92490.92780.92960.93250.93540.93720.9401


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.91050.92160.92780.93890.94510.95620.9624
Camarilla0.92930.93090.93250.93410.93570.93730.9389
Woodie0.90820.92040.92550.93770.94280.95500.9601
Fibonacci0.92160.92820.93230.93890.94550.94960.9562


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): 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 - Real time data - Forex

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

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