AUD/CAD - 1H - Technical analysis published on 10/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 0.9279 CAD
My targets
0.9305 CAD (+0.0010)
0.9350 CAD (+0.0055)
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 0.9279 CAD. The buyers' bullish objective is set at 0.9305 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9350 CAD. If there is any crossing, the next objective would be the resistance located at 0.9586 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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Additional analysis
Quotes
The AUD/CAD price is 0.9295 CAD. On the day, this instrument gained +0.19% and was between 0.9259 CAD and 0.9307 CAD. This implies that the price is at +0.39% from its lowest and at -0.13% from its highest.0.9259
0.9307
0.9295
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.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/CAD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.9228 | 0.9264 | 0.9279 | 0.9295 | 0.9305 | 0.9350 | 0.9586 |
| Change (%) | -0.72% | -0.33% | -0.17% | - | +0.11% | +0.59% | +3.13% |
| Change | -0.0067 | -0.0031 | -0.0016 | - | +0.0010 | +0.0055 | +0.0291 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9151 | 0.9200 | 0.9239 | 0.9288 | 0.9327 | 0.9376 | 0.9415 |
| Camarilla | 0.9253 | 0.9261 | 0.9269 | 0.9277 | 0.9285 | 0.9293 | 0.9301 |
| Woodie | 0.9145 | 0.9198 | 0.9233 | 0.9286 | 0.9321 | 0.9374 | 0.9409 |
| Fibonacci | 0.9200 | 0.9234 | 0.9255 | 0.9288 | 0.9322 | 0.9343 | 0.9376 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9034 | 0.9091 | 0.9164 | 0.9221 | 0.9294 | 0.9351 | 0.9424 |
| Camarilla | 0.9200 | 0.9212 | 0.9224 | 0.9236 | 0.9248 | 0.9260 | 0.9272 |
| Woodie | 0.9041 | 0.9095 | 0.9171 | 0.9225 | 0.9301 | 0.9355 | 0.9431 |
| Fibonacci | 0.9091 | 0.9141 | 0.9172 | 0.9221 | 0.9271 | 0.9302 | 0.9351 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8848 | 0.8996 | 0.9082 | 0.9230 | 0.9316 | 0.9464 | 0.9550 |
| Camarilla | 0.9105 | 0.9126 | 0.9148 | 0.9169 | 0.9191 | 0.9212 | 0.9233 |
| Woodie | 0.8818 | 0.8981 | 0.9052 | 0.9215 | 0.9286 | 0.9449 | 0.9520 |
| Fibonacci | 0.8996 | 0.9085 | 0.9140 | 0.9230 | 0.9319 | 0.9374 | 0.9464 |
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): | 50.30 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.7795 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.9291 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9309 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.9316 | |
| Zig ZAG (10): | 0.9294 | |
| VORTEX (21): | 0.8762 | |
| Stochastique (14,3,5): | 69.44 | |
| TEMA (21): | 0.9290 | |
| Williams %R (14): | -22.92 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9269 | |
| MA20: | 0.9207 | |
| MA50: | 0.9229 | |
| MA100: | 0.9255 | |
| MAexp7: | 0.9293 | |
| MAexp20: | 0.9293 | |
| MAexp50: | 0.9292 | |
| MAexp100: | 0.9280 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +0.72% | |
| Price / MA100: | +0.43% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.16% |
Quotes :
-
Real time data
-
Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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