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 12/06/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.9099 CAD

My targets

0.9191 CAD (+0.0045)

0.9365 CAD (+0.0219)

My analysis

AUD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.9099 CAD. The next resistance located at 0.9191 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9365 CAD. After this resistance, buyers could then target 0.9473 CAD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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 Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/CAD rating 0.9146 CAD. The price registered an increase of +0.35% on the session and was between 0.9107 CAD and 0.9180 CAD. This implies that the price is at +0.43% from its lowest and at -0.37% from its highest.

0.9107

0.9180

0.9146

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 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 Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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 resistance of channel

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8802	0.8928	0.9099	0.9146	0.9191	0.9365	0.9473
Change (%)	-3.76%	-2.38%	-0.51%	-	+0.49%	+2.39%	+3.58%
Change	-0.0344	-0.0218	-0.0047	-	+0.0045	+0.0219	+0.0327
Level	Minor	Major	Major	-	Major	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
Standard	0.8997	0.9047	0.9080	0.9130	0.9163	0.9213	0.9246
Camarilla	0.9091	0.9099	0.9106	0.9114	0.9122	0.9129	0.9137
Woodie	0.8990	0.9043	0.9073	0.9126	0.9156	0.9209	0.9239
Fibonacci	0.9047	0.9078	0.9098	0.9130	0.9161	0.9181	0.9213

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8777	0.8867	0.9008	0.9098	0.9239	0.9329	0.9470
Camarilla	0.9085	0.9106	0.9127	0.9148	0.9169	0.9190	0.9212
Woodie	0.8802	0.8880	0.9033	0.9111	0.9264	0.9342	0.9495
Fibonacci	0.8867	0.8956	0.9010	0.9098	0.9187	0.9241	0.9329

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8294	0.8465	0.8793	0.8964	0.9292	0.9463	0.9791
Camarilla	0.8984	0.9030	0.9075	0.9121	0.9167	0.9213	0.9258
Woodie	0.8373	0.8504	0.8872	0.9003	0.9371	0.9502	0.9870
Fibonacci	0.8465	0.8656	0.8773	0.8964	0.9155	0.9272	0.9463

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):	68.75
MACD (12,26,9):	0.0094
Directional Movement:	14.5595
AROON (14):	57.1428
DEMA (21):	0.9115
Parabolic SAR (0,02-0,02-0,2):	0.9060
Elder Ray (13):	0.0092
Super Trend (3,10):	0.8890
Zig ZAG (10):	0.9162
VORTEX (21):	1.2393
Stochastique (14,3,5):	85.29
TEMA (21):	0.9176
Williams %R (14):	-8.33
Chande Momentum Oscillator (20):	0.0239
Repulse (5,40,3):	0.7269
ROCnROLL:	1
TRIX (15,9):	0.1314
Courbe Coppock:	4.95

MA7:	0.9106
MA20:	0.8985
MA50:	0.8831
MA100:	0.8887
MAexp7:	0.9106
MAexp20:	0.9000
MAexp50:	0.8907
MAexp100:	0.8905
Price / MA7:	+0.44%
Price / MA20:	+1.79%
Price / MA50:	+3.57%
Price / MA100:	+2.91%
Price / MAexp7:	+0.44%
Price / MAexp20:	+1.62%
Price / MAexp50:	+2.68%
Price / MAexp100:	+2.71%

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.

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