AUD/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - Daily - Technical analysis published on 11/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.9279 CAD

My targets

0.9119 CAD (-0.0037)

0.8866 CAD (-0.0290)

My analysis

The bearish trend is currently very strong for AUD/CAD. As long as the price remains below the resistance at 0.9279 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9119 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8866 CAD as an objective. Crossing it would then enable sellers to target 0.8606 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

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 0.9156 CAD. On the day, this instrument lost -0.21% and was traded between 0.9139 CAD and 0.9176 CAD over the period. The price is currently at +0.19% from its lowest and -0.22% from its highest.

0.9139

0.9176

0.9156

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AUD/CAD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

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	0.8606	0.8866	0.9119	0.9156	0.9191	0.9279	0.9488
Change (%)	-6.01%	-3.17%	-0.40%	-	+0.38%	+1.34%	+3.63%
Change	-0.0550	-0.0290	-0.0037	-	+0.0035	+0.0123	+0.0332
Level	Minor	Minor	Major	-	Major	Major	Major

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	0.9106	0.9134	0.9154	0.9182	0.9202	0.9230	0.9250
Camarilla	0.9162	0.9166	0.9171	0.9175	0.9179	0.9184	0.9188
Woodie	0.9103	0.9132	0.9151	0.9180	0.9199	0.9228	0.9247
Fibonacci	0.9134	0.9152	0.9163	0.9182	0.9200	0.9211	0.9230

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9008	0.9066	0.9133	0.9191	0.9258	0.9316	0.9383
Camarilla	0.9165	0.9176	0.9188	0.9199	0.9211	0.9222	0.9233
Woodie	0.9012	0.9068	0.9137	0.9193	0.9262	0.9318	0.9387
Fibonacci	0.9066	0.9114	0.9144	0.9191	0.9239	0.9269	0.9316

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8932	0.9018	0.9166	0.9252	0.9400	0.9486	0.9634
Camarilla	0.9250	0.9271	0.9293	0.9314	0.9336	0.9357	0.9378
Woodie	0.8963	0.9034	0.9197	0.9268	0.9431	0.9502	0.9665
Fibonacci	0.9018	0.9107	0.9163	0.9252	0.9341	0.9397	0.9486

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):	41.35
MACD (12,26,9):	-0.0014
Directional Movement:	-6.9220
AROON (14):	-64.2857
DEMA (21):	0.9194
Parabolic SAR (0,02-0,02-0,2):	0.9231
Elder Ray (13):	-0.0042
Super Trend (3,10):	0.9152
Zig ZAG (10):	0.9162
VORTEX (21):	0.9694
Stochastique (14,3,5):	24.69
TEMA (21):	0.9180
Williams %R (14):	-82.35
Chande Momentum Oscillator (20):	-0.0145
Repulse (5,40,3):	-0.1927
ROCnROLL:	2
TRIX (15,9):	-0.0055
Courbe Coppock:	1.98

MA7:	0.9177
MA20:	0.9231
MA50:	0.9222
MA100:	0.9238
MAexp7:	0.9184
MAexp20:	0.9208
MAexp50:	0.9223
MAexp100:	0.9263
Price / MA7:	-0.23%
Price / MA20:	-0.81%
Price / MA50:	-0.72%
Price / MA100:	-0.89%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.56%
Price / MAexp50:	-0.73%
Price / MAexp100:	-1.16%

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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