AUD/CAD - Daily - Technical analysis published on 10/28/2021 (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
83%
0%
17%
My opinion
Bullish above 0.9191 CAD
My targets
0.9350 CAD (+0.0055)
0.9586 CAD (+0.0291)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9191 CAD. The buyers' bullish objective is set at 0.9350 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9586 CAD. If there is any crossing, the next objective would be the resistance located at 0.9740 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
5.5
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9295 CAD. The price has increased by +0.19% since the last closing with the lowest point at 0.9259 CAD and the highest point at 0.9307 CAD. The deviation from the price is +0.39% for the low point and -0.13% for the high point.0.9259
0.9307
0.9295
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUD/CAD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
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 | 0.9119 | 0.9191 | 0.9279 | 0.9295 | 0.9350 | 0.9586 | 0.9740 |
Change (%) | -1.89% | -1.12% | -0.17% | - | +0.59% | +3.13% | +4.79% |
Change | -0.0176 | -0.0104 | -0.0016 | - | +0.0055 | +0.0291 | +0.0445 |
Level | Intermediate | Major | Intermediate | - | Major | 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 |
---|---|---|---|---|---|---|---|
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 60.38 | |
MACD (12,26,9): | 0.0018 | |
Directional Movement: | 10.4633 | |
AROON (14): | 85.7142 | |
DEMA (21): | 0.9248 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9203 | |
Elder Ray (13): | 0.0039 | |
Super Trend (3,10): | 0.9139 | |
Zig ZAG (10): | 0.9294 | |
VORTEX (21): | 1.1046 | |
Stochastique (14,3,5): | 84.88 | |
TEMA (21): | 0.9274 | |
Williams %R (14): | -17.95 | |
Chande Momentum Oscillator (20): | 0.0146 | |
Repulse (5,40,3): | 0.3520 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0011 | |
Courbe Coppock: | 2.26 |
MA7: | 0.9269 | |
MA20: | 0.9207 | |
MA50: | 0.9229 | |
MA100: | 0.9255 | |
MAexp7: | 0.9267 | |
MAexp20: | 0.9233 | |
MAexp50: | 0.9234 | |
MAexp100: | 0.9279 | |
Price / MA7: | +0.28% | |
Price / MA20: | +0.96% | |
Price / MA50: | +0.72% | |
Price / MA100: | +0.43% | |
Price / MAexp7: | +0.30% | |
Price / MAexp20: | +0.67% | |
Price / MAexp50: | +0.66% | |
Price / MAexp100: | +0.17% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on AUD/CAD at the time of the analysis were 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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