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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 09/21/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.8928 CAD
My targets
0.8963 CAD (+0.0017)
0.9025 CAD (+0.0079)
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 0.8928 CAD. The buyers' bullish objective is set at 0.8963 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9025 CAD. If there is any crossing, the next objective would be the resistance located at 0.9098 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.

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
7

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.

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

Additional analysis

Quotes

AUD/CAD rating 0.8946 CAD. On the day, this instrument lost -0.02% with the lowest point at 0.8897 CAD and the highest point at 0.8960 CAD. The deviation from the price is +0.55% for the low point and -0.16% for the high point.

0.8897
0.8960
0.8946

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this AUD/CAD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



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:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8875 0.8907 0.8928 0.8946 0.8953 0.8963 0.9098
Change (%) -0.79% -0.44% -0.20% - +0.08% +0.19% +1.70%
Change -0.0071 -0.0039 -0.0018 - +0.0007 +0.0017 +0.0152
Level Minor Intermediate Major - Minor 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
Standard0.88570.88770.89120.89320.89670.89870.9022
Camarilla0.89330.89380.89430.89480.89530.89580.8963
Woodie0.88660.88810.89210.89360.89760.89910.9031
Fibonacci0.88770.88980.89110.89320.89530.89660.8987


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87350.87910.88520.89080.89690.90250.9086
Camarilla0.88820.88930.89030.89140.89250.89360.8946
Woodie0.87390.87920.88560.89090.89730.90260.9090
Fibonacci0.87910.88350.88630.89080.89520.89800.9025


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86350.87560.88650.89860.90950.92160.9325
Camarilla0.89110.89320.89530.89740.89950.90160.9037
Woodie0.86290.87530.88590.89830.90890.92130.9319
Fibonacci0.87560.88440.88980.89860.90740.91280.9216

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): 61.48
MACD (12,26,9): 0.0000
Directional Movement: 10.7304
AROON (14): 0
DEMA (21): 0.8927
Parabolic SAR (0,02-0,02-0,2): 0.8911
Elder Ray (13): 0.0003
Super Trend (3,10): 0.8953
Zig ZAG (10): 0.8945
VORTEX (21): 0.8766
Stochastique (14,3,5): 35.80
TEMA (21): 0.8923
Williams %R (14): -26.98
Chande Momentum Oscillator (20): 0.0028
Repulse (5,40,3): 0.3775
ROCnROLL: 1
TRIX (15,9): -0.0003
Courbe Coppock: 0.13
MA7: 0.8907
MA20: 0.8925
MA50: 0.8942
MA100: 0.8963
MAexp7: 0.8926
MAexp20: 0.8925
MAexp50: 0.8921
MAexp100: 0.8912
Price / MA7: +0.44%
Price / MA20: +0.24%
Price / MA50: +0.04%
Price / MA100: -0.19%
Price / MAexp7: +0.22%
Price / MAexp20: +0.24%
Price / MAexp50: +0.28%
Price / MAexp100: +0.38%

Quotes : - Real time data - Forex

News


The latest news and videos published on AUD/CAD at the time of the analysis were 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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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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