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AUD/CAD
AUD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 08/03/2021 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.9215 CAD
My targets
0.9281 CAD (+0.0024)
0.9379 CAD (+0.0122)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9215 CAD. The buyers' bullish objective is set at 0.9281 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9379 CAD. If there is any crossing, the next objective would be the resistance located at 0.9544 CAD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

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.

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

Additional analysis

Quotes

The AUD/CAD price is 0.9257 CAD. The price has increased by +0.61% since the last closing with the lowest point at 0.9200 CAD and the highest point at 0.9272 CAD. The deviation from the price is +0.62% for the low point and -0.16% for the high point.

0.9200
0.9272
0.9257

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of AUD/CAD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from 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.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9191 0.9215 0.9251 0.9257 0.9266 0.9281 0.9544
Change (%) -0.71% -0.45% -0.06% - +0.10% +0.26% +3.10%
Change -0.0066 -0.0042 -0.0006 - +0.0009 +0.0024 +0.0287
Level Major Intermediate Minor - Intermediate Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90950.91220.91620.91890.92290.92560.9296
Camarilla0.91830.91890.91950.92010.92070.92130.9219
Woodie0.91010.91250.91680.91920.92350.92590.9302
Fibonacci0.91220.91480.91640.91890.92150.92310.9256


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89680.90570.91050.91940.92420.93310.9379
Camarilla0.91150.91280.91400.91530.91660.91780.9191
Woodie0.89480.90470.90850.91840.92220.93210.9359
Fibonacci0.90570.91090.91420.91940.92460.92790.9331


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87850.89660.90590.92400.93330.95140.9607
Camarilla0.90780.91030.91280.91530.91780.92030.9228
Woodie0.87420.89440.90160.92180.92900.94920.9564
Fibonacci0.89660.90700.91350.92400.93440.94090.9514

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): 74.60
MACD (12,26,9): 0.0018
Directional Movement: 29.8383
AROON (14): 35.7143
DEMA (21): 0.9241
Parabolic SAR (0,02-0,02-0,2): 0.9215
Elder Ray (13): 0.0025
Super Trend (3,10): 0.9226
Zig ZAG (10): 0.9251
VORTEX (21): 1.3307
Stochastique (14,3,5): 76.92
TEMA (21): 0.9254
Williams %R (14): -26.39
Chande Momentum Oscillator (20): 0.0046
Repulse (5,40,3): 0.0869
ROCnROLL: 1
TRIX (15,9): 0.0224
Courbe Coppock: 0.84
MA7: 0.9227
MA20: 0.9283
MA50: 0.9315
MA100: 0.9435
MAexp7: 0.9243
MAexp20: 0.9220
MAexp50: 0.9203
MAexp100: 0.9209
Price / MA7: +0.33%
Price / MA20: -0.28%
Price / MA50: -0.62%
Price / MA100: -1.89%
Price / MAexp7: +0.15%
Price / MAexp20: +0.40%
Price / MAexp50: +0.59%
Price / MAexp100: +0.52%

Quotes : - Real time data - Forex

News


The last news published on AUD/CAD at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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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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