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 02/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.8827 CAD

My targets

0.8905 CAD (+0.0040)

0.8927 CAD (+0.0062)

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 0.8827 CAD. The next resistance located at 0.8905 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 0.8927 CAD. After this resistance, buyers could then target 0.9047 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.

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

8.6

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

Additional analysis

Quotes

The AUD/CAD price is 0.8865 CAD. The price registered an increase of +0.56% on the session and was between 0.8810 CAD and 0.8890 CAD. This implies that the price is at +0.62% from its lowest and at -0.28% from its highest.

0.8810

0.8890

0.8865

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:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AUD/CAD in 1H shows a strongly overall bullish trend. 92.86% 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, 14 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 : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8786	0.8806	0.8827	0.8865	0.8905	0.9047	0.9097
Change (%)	-0.89%	-0.67%	-0.43%	-	+0.45%	+2.05%	+2.62%
Change	-0.0079	-0.0059	-0.0038	-	+0.0040	+0.0182	+0.0232
Level	Minor	Minor	Intermediate	-	Minor	Major	Minor

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	0.8776	0.8787	0.8802	0.8813	0.8828	0.8839	0.8854
Camarilla	0.8809	0.8811	0.8814	0.8816	0.8818	0.8821	0.8823
Woodie	0.8777	0.8788	0.8803	0.8814	0.8829	0.8840	0.8855
Fibonacci	0.8787	0.8797	0.8803	0.8813	0.8823	0.8829	0.8839

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8672	0.8705	0.8757	0.8790	0.8842	0.8875	0.8927
Camarilla	0.8787	0.8794	0.8802	0.8810	0.8818	0.8826	0.8833
Woodie	0.8683	0.8710	0.8768	0.8795	0.8853	0.8880	0.8938
Fibonacci	0.8705	0.8737	0.8757	0.8790	0.8822	0.8842	0.8875

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8468	0.8634	0.8725	0.8891	0.8982	0.9148	0.9239
Camarilla	0.8744	0.8768	0.8791	0.8815	0.8839	0.8862	0.8886
Woodie	0.8430	0.8615	0.8687	0.8872	0.8944	0.9129	0.9201
Fibonacci	0.8634	0.8733	0.8793	0.8891	0.8990	0.9050	0.9148

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):	70.77
MACD (12,26,9):	0.0015
Directional Movement:	28.9754
AROON (14):	78.5714
DEMA (21):	0.8860
Parabolic SAR (0,02-0,02-0,2):	0.8848
Elder Ray (13):	0.0019
Super Trend (3,10):	0.8842
Zig ZAG (10):	0.8867
VORTEX (21):	1.1965
Stochastique (14,3,5):	78.22
TEMA (21):	0.8869
Williams %R (14):	-27.85
Chande Momentum Oscillator (20):	0.0048
Repulse (5,40,3):	0.0072
ROCnROLL:	1
TRIX (15,9):	0.0157
Courbe Coppock:	1.00

MA7:	0.8803
MA20:	0.8810
MA50:	0.8900
MA100:	0.8863
MAexp7:	0.8862
MAexp20:	0.8843
MAexp50:	0.8825
MAexp100:	0.8811
Price / MA7:	+0.70%
Price / MA20:	+0.62%
Price / MA50:	-0.39%
Price / MA100:	+0.02%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.45%
Price / MAexp100:	+0.61%

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.

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