AUD/CAD - 1H - Technical analysis published on 02/09/2021 (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 bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 0.9800 CAD
My targets
0.9852 CAD (+0.0022)
0.9950 CAD (+0.0120)
My analysis
AUD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.9800 CAD. The next resistance located at 0.9852 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9950 CAD. After this resistance, buyers could then target 1.0337 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9
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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 rating is 0.9830 CAD. The price registered an increase of +0.10% on the session and was between 0.9814 CAD and 0.9850 CAD. This implies that the price is at +0.16% from its lowest and at -0.20% from its highest.0.9814
0.9850
0.9830
Here is a more detailed summary of the historical variations registered by AUD/CAD:
Technical
Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.9773 | 0.9800 | 0.9825 | 0.9830 | 0.9839 | 0.9852 | 1.0337 |
Change (%) | -0.58% | -0.31% | -0.05% | - | +0.09% | +0.22% | +5.16% |
Change | -0.0057 | -0.0030 | -0.0005 | - | +0.0009 | +0.0022 | +0.0507 |
Level | Intermediate | Minor | Minor | - | Minor | Major | Major |
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 | 0.9716 | 0.9745 | 0.9782 | 0.9811 | 0.9848 | 0.9877 | 0.9914 |
Camarilla | 0.9802 | 0.9808 | 0.9814 | 0.9820 | 0.9826 | 0.9832 | 0.9838 |
Woodie | 0.9721 | 0.9747 | 0.9787 | 0.9813 | 0.9853 | 0.9879 | 0.9919 |
Fibonacci | 0.9745 | 0.9770 | 0.9786 | 0.9811 | 0.9836 | 0.9852 | 0.9877 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9620 | 0.9668 | 0.9730 | 0.9778 | 0.9840 | 0.9888 | 0.9950 |
Camarilla | 0.9763 | 0.9773 | 0.9783 | 0.9793 | 0.9803 | 0.9813 | 0.9823 |
Woodie | 0.9628 | 0.9672 | 0.9738 | 0.9782 | 0.9848 | 0.9892 | 0.9958 |
Fibonacci | 0.9668 | 0.9710 | 0.9736 | 0.9778 | 0.9820 | 0.9846 | 0.9888 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9578 | 0.9669 | 0.9719 | 0.9810 | 0.9860 | 0.9951 | 1.0001 |
Camarilla | 0.9730 | 0.9743 | 0.9756 | 0.9769 | 0.9782 | 0.9795 | 0.9808 |
Woodie | 0.9558 | 0.9659 | 0.9699 | 0.9800 | 0.9840 | 0.9941 | 0.9981 |
Fibonacci | 0.9669 | 0.9723 | 0.9756 | 0.9810 | 0.9864 | 0.9897 | 0.9951 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 55.25 | |
MACD (12,26,9): | 0.0008 | |
Directional Movement: | -0.3570 | |
AROON (14): | 42.8571 | |
DEMA (21): | 0.9838 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9817 | |
Elder Ray (13): | 0.0001 | |
Super Trend (3,10): | 0.9811 | |
Zig ZAG (10): | 0.9832 | |
VORTEX (21): | 1.0364 | |
Stochastique (14,3,5): | 73.33 | |
TEMA (21): | 0.9837 | |
Williams %R (14): | -57.14 | |
Chande Momentum Oscillator (20): | -0.0005 | |
Repulse (5,40,3): | -0.0156 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0132 | |
Courbe Coppock: | 0.20 |
MA7: | 0.9783 | |
MA20: | 0.9805 | |
MA50: | 0.9739 | |
MA100: | 0.9603 | |
MAexp7: | 0.9832 | |
MAexp20: | 0.9827 | |
MAexp50: | 0.9809 | |
MAexp100: | 0.9793 | |
Price / MA7: | +0.48% | |
Price / MA20: | +0.25% | |
Price / MA50: | +0.93% | |
Price / MA100: | +2.36% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | +0.21% | |
Price / MAexp100: | +0.38% |
Quotes :
2021-02-09 15:56:48
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Real time data
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Forex
News
The last news published on AUD/CAD at the time of the generation of this analysis was as follows:
- Australian Dollar China GDP Analysis: AUD/USD, AUD/JPY, GBP/AUD, AUD/CAD
- Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD Gain as RBA Holds in February
- AUD/USD, AUD/JPY, AUD/CAD, AUD/NZD Analysis - Australia Jobs Report Coverage
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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