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AUD/CAD
AUD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 05/24/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.9071 CAD
My targets
0.9028 CAD (-0.0024)
0.8991 CAD (-0.0061)
My analysis
The strong short-term decline in AUD/CAD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.9071 CAD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.9028 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8991 CAD as an objective. Crossing it would then enable sellers to target 0.8976 CAD. Be careful, a return to above 0.9071 CAD could jeopardize the reversal.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.4

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/CAD rating is 0.9052 CAD. The price registered a decrease of -0.11% on the session with the lowest point at 0.9047 CAD and the highest point at 0.9082 CAD. The deviation from the price is +0.06% for the low point and -0.33% for the high point.

0.9047
0.9082
0.9052

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of AUD/CAD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


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:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8976 0.8991 0.9028 0.9052 0.9071 0.9089 0.9117
Change (%) -0.84% -0.67% -0.27% - +0.21% +0.41% +0.72%
Change -0.0076 -0.0061 -0.0024 - +0.0019 +0.0037 +0.0065
Level Minor Intermediate Intermediate - Intermediate Minor Major



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
Standard0.89610.90010.90310.90710.91010.91410.9171
Camarilla0.90430.90490.90560.90620.90680.90750.9081
Woodie0.89570.89990.90270.90690.90970.91390.9167
Fibonacci0.90010.90270.90440.90710.90970.91140.9141


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88220.88710.89560.90050.90900.91390.9224
Camarilla0.90050.90170.90300.90420.90540.90670.9079
Woodie0.88410.88800.89750.90140.91090.91480.9243
Fibonacci0.88710.89220.89540.90050.90560.90880.9139


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84800.87750.89260.92210.93720.96670.9818
Camarilla0.89540.89950.90360.90770.91180.91590.9200
Woodie0.84080.87390.88540.91850.93000.96310.9746
Fibonacci0.87750.89450.90510.92210.93910.94970.9667

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): 42.40
MACD (12,26,9): -0.0001
Directional Movement: -4.4557
AROON (14): -57.1429
DEMA (21): 0.9070
Parabolic SAR (0,02-0,02-0,2): 0.9051
Elder Ray (13): -0.0002
Super Trend (3,10): 0.9049
Zig ZAG (10): 0.9053
VORTEX (21): 0.8605
Stochastique (14,3,5): 42.53
TEMA (21): 0.9062
Williams %R (14): -89.47
Chande Momentum Oscillator (20): -0.0022
Repulse (5,40,3): -0.2563
ROCnROLL: 2
TRIX (15,9): 0.0016
Courbe Coppock: 0.35
MA7: 0.9016
MA20: 0.9054
MA50: 0.9227
MA100: 0.9179
MAexp7: 0.9065
MAexp20: 0.9069
MAexp50: 0.9060
MAexp100: 0.9041
Price / MA7: +0.40%
Price / MA20: -0.02%
Price / MA50: -1.90%
Price / MA100: -1.38%
Price / MAexp7: -0.14%
Price / MAexp20: -0.19%
Price / MAexp50: -0.09%
Price / MAexp100: +0.12%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on AUD/CAD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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