AUD/CAD - Daily - Technical analysis published on 03/04/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 0.9726 CAD
My targets
0.9981 CAD (+0.0113)
1.0337 CAD (+0.0469)
My analysis
The bullish trend is currently very strong on AUD/CAD. As long as the price remains above the support at 0.9726 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.9981 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0337 CAD as an objective. Crossing it would then enable buyers to target 1.0731 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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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
AUD/CAD rating 0.9868 CAD. On the day, this instrument gained +0.42% and was traded between 0.9826 CAD and 0.9875 CAD over the period. The price is currently at +0.43% from its lowest and -0.07% from its highest.0.9826
0.9875
0.9868
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of AUD/CAD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 3 are bullish, 10 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 0.9660 | 0.9726 | 0.9852 | 0.9868 | 0.9981 | 1.0337 | 1.0731 |
| Change (%) | -2.11% | -1.44% | -0.16% | - | +1.15% | +4.75% | +8.75% |
| Change | -0.0208 | -0.0142 | -0.0016 | - | +0.0113 | +0.0469 | +0.0863 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9726 | 0.9775 | 0.9801 | 0.9850 | 0.9876 | 0.9925 | 0.9951 |
| Camarilla | 0.9806 | 0.9813 | 0.9820 | 0.9827 | 0.9834 | 0.9841 | 0.9848 |
| Woodie | 0.9715 | 0.9769 | 0.9790 | 0.9844 | 0.9865 | 0.9919 | 0.9940 |
| Fibonacci | 0.9775 | 0.9804 | 0.9821 | 0.9850 | 0.9879 | 0.9896 | 0.9925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9533 | 0.9661 | 0.9738 | 0.9866 | 0.9943 | 1.0071 | 1.0148 |
| Camarilla | 0.9759 | 0.9777 | 0.9796 | 0.9815 | 0.9834 | 0.9853 | 0.9871 |
| Woodie | 0.9508 | 0.9648 | 0.9713 | 0.9853 | 0.9918 | 1.0058 | 1.0123 |
| Fibonacci | 0.9661 | 0.9739 | 0.9788 | 0.9866 | 0.9944 | 0.9993 | 1.0071 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9410 | 0.9562 | 0.9689 | 0.9841 | 0.9968 | 1.0120 | 1.0247 |
| Camarilla | 0.9738 | 0.9764 | 0.9789 | 0.9815 | 0.9841 | 0.9866 | 0.9892 |
| Woodie | 0.9397 | 0.9556 | 0.9676 | 0.9835 | 0.9955 | 1.0114 | 1.0234 |
| Fibonacci | 0.9562 | 0.9669 | 0.9735 | 0.9841 | 0.9948 | 1.0014 | 1.0120 |
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): | 51.65 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | -0.4655 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 0.9888 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9982 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 0.9814 | |
| Zig ZAG (10): | 0.9867 | |
| VORTEX (21): | 1.0911 | |
| Stochastique (14,3,5): | 35.12 | |
| TEMA (21): | 0.9878 | |
| Williams %R (14): | -60.98 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | -0.0160 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0363 | |
| Courbe Coppock: | 1.05 |
| MA7: | 0.9875 | |
| MA20: | 0.9865 | |
| MA50: | 0.9831 | |
| MA100: | 0.9668 | |
| MAexp7: | 0.9868 | |
| MAexp20: | 0.9862 | |
| MAexp50: | 0.9807 | |
| MAexp100: | 0.9712 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | +2.07% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +1.61% |
Quotes :
2021-03-04 08:25:36
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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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