AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - Daily - Technical analysis published on 09/09/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.9279 CAD

My targets

0.9488 CAD (+0.0131)

0.9740 CAD (+0.0383)

My analysis

The strong short-term increase for AUD/CAD reinforces the current slightly bullish trend. As long as the price remains above 0.9279 CAD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.9488 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9740 CAD as an objective. Crossing it would then enable buyers to target 0.9980 CAD. A return to 0.9279 CAD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

5.7

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/CAD rating 0.9357 CAD. The price registered an increase of +0.13% on the session and was traded between 0.9337 CAD and 0.9377 CAD over the period. The price is currently at +0.21% from its lowest and -0.21% from its highest.

0.9337

0.9377

0.9357

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 the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AUD/CAD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9122	0.9191	0.9279	0.9357	0.9365	0.9488	0.9740
Change (%)	-2.51%	-1.77%	-0.83%	-	+0.09%	+1.40%	+4.09%
Change	-0.0235	-0.0166	-0.0078	-	+0.0008	+0.0131	+0.0383
Level	Minor	Major	Intermediate	-	Major	Major	Intermediate

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	0.9268	0.9296	0.9320	0.9348	0.9372	0.9400	0.9424
Camarilla	0.9331	0.9336	0.9340	0.9345	0.9350	0.9355	0.9359
Woodie	0.9267	0.9295	0.9319	0.9347	0.9371	0.9399	0.9423
Fibonacci	0.9296	0.9316	0.9328	0.9348	0.9368	0.9380	0.9400

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9059	0.9121	0.9227	0.9289	0.9395	0.9457	0.9563
Camarilla	0.9288	0.9303	0.9319	0.9334	0.9349	0.9365	0.9380
Woodie	0.9082	0.9132	0.9250	0.9300	0.9418	0.9468	0.9586
Fibonacci	0.9121	0.9185	0.9225	0.9289	0.9353	0.9393	0.9457

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8929	0.9022	0.9127	0.9220	0.9325	0.9418	0.9523
Camarilla	0.9179	0.9197	0.9215	0.9233	0.9251	0.9269	0.9288
Woodie	0.8936	0.9025	0.9134	0.9223	0.9332	0.9421	0.9530
Fibonacci	0.9022	0.9097	0.9144	0.9220	0.9295	0.9342	0.9418

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.06
MACD (12,26,9):	0.0030
Directional Movement:	11.9483
AROON (14):	85.7143
DEMA (21):	0.9293
Parabolic SAR (0,02-0,02-0,2):	0.9266
Elder Ray (13):	0.0072
Super Trend (3,10):	0.9200
Zig ZAG (10):	0.9358
VORTEX (21):	1.1414
Stochastique (14,3,5):	92.22
TEMA (21):	0.9337
Williams %R (14):	-7.60
Chande Momentum Oscillator (20):	0.0226
Repulse (5,40,3):	0.3340
ROCnROLL:	1
TRIX (15,9):	0.0101
Courbe Coppock:	3.33

MA7:	0.9327
MA20:	0.9231
MA50:	0.9256
MA100:	0.9327
MAexp7:	0.9319
MAexp20:	0.9266
MAexp50:	0.9271
MAexp100:	0.9339
Price / MA7:	+0.32%
Price / MA20:	+1.36%
Price / MA50:	+1.09%
Price / MA100:	+0.32%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.98%
Price / MAexp50:	+0.93%
Price / MAexp100:	+0.19%

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.

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