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 01/10/2022 (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

11%

72%

17%

My opinion

Bearish under 0.9119 CAD

My targets

0.8990 CAD (-0.0091)

0.8606 CAD (-0.0475)

My analysis

AUD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.9119 CAD. The next support located at 0.8990 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8606 CAD. Below this support, sellers could then target 0.8319 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

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

The AUD/CAD rating is 0.9081 CAD. The price registered an increase of +0.02% on the session with the lowest point at 0.9066 CAD and the highest point at 0.9102 CAD. The deviation from the price is +0.17% for the low point and -0.23% for the high point.

0.9066

0.9102

0.9081

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8319	0.8606	0.8990	0.9081	0.9119	0.9191	0.9279
Change (%)	-8.39%	-5.23%	-1.00%	-	+0.42%	+1.21%	+2.18%
Change	-0.0762	-0.0475	-0.0091	-	+0.0038	+0.0110	+0.0198
Level	Intermediate	Minor	Intermediate	-	Major	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	0.9004	0.9036	0.9058	0.9090	0.9112	0.9144	0.9166
Camarilla	0.9064	0.9069	0.9074	0.9079	0.9084	0.9089	0.9094
Woodie	0.8998	0.9034	0.9052	0.9088	0.9106	0.9142	0.9160
Fibonacci	0.9036	0.9057	0.9070	0.9090	0.9111	0.9124	0.9144

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8849	0.8959	0.9019	0.9129	0.9189	0.9299	0.9359
Camarilla	0.9032	0.9048	0.9063	0.9079	0.9095	0.9110	0.9126
Woodie	0.8824	0.8947	0.8994	0.9117	0.9164	0.9287	0.9334
Fibonacci	0.8959	0.9024	0.9064	0.9129	0.9194	0.9234	0.9299

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8673	0.8821	0.9007	0.9155	0.9341	0.9489	0.9675
Camarilla	0.9100	0.9131	0.9161	0.9192	0.9223	0.9253	0.9284
Woodie	0.8691	0.8831	0.9025	0.9165	0.9359	0.9499	0.9693
Fibonacci	0.8821	0.8949	0.9028	0.9155	0.9283	0.9362	0.9489

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):	38.61
MACD (12,26,9):	-0.0008
Directional Movement:	-9.1665
AROON (14):	-50.0000
DEMA (21):	0.9172
Parabolic SAR (0,02-0,02-0,2):	0.9246
Elder Ray (13):	-0.0085
Super Trend (3,10):	0.9258
Zig ZAG (10):	0.9093
VORTEX (21):	0.9984
Stochastique (14,3,5):	6.90
TEMA (21):	0.9160
Williams %R (14):	-88.66
Chande Momentum Oscillator (20):	-0.0184
Repulse (5,40,3):	-0.6716
ROCnROLL:	2
TRIX (15,9):	0.0228
Courbe Coppock:	1.11

MA7:	0.9152
MA20:	0.9202
MA50:	0.9164
MA100:	0.9200
MAexp7:	0.9145
MAexp20:	0.9174
MAexp50:	0.9178
MAexp100:	0.9209
Price / MA7:	-0.78%
Price / MA20:	-1.31%
Price / MA50:	-0.91%
Price / MA100:	-1.29%
Price / MAexp7:	-0.70%
Price / MAexp20:	-1.01%
Price / MAexp50:	-1.06%
Price / MAexp100:	-1.39%

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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