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 03/04/2024 (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

50%

11%

39%

My opinion

Bullish above 0.8827 CAD

My targets

0.8860 CAD (+0.0012)

0.8870 CAD (+0.0022)

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 0.8860 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 0.8870 CAD. After this resistance, buyers could then target 0.8877 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 rating is 0.8848 CAD. On the day, this instrument gained +0.02% and was traded between 0.8832 CAD and 0.8853 CAD over the period. The price is currently at +0.18% from its lowest and -0.06% from its highest.

0.8832

0.8853

0.8848

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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:

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 this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 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 is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8806	0.8816	0.8827	0.8848	0.8850	0.8860	0.8870
Change (%)	-0.47%	-0.36%	-0.24%	-	+0.02%	+0.14%	+0.25%
Change	-0.0042	-0.0032	-0.0021	-	+0.0002	+0.0012	+0.0022
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	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
Standard	0.8783	0.8799	0.8823	0.8839	0.8863	0.8879	0.8903
Camarilla	0.8835	0.8839	0.8842	0.8846	0.8850	0.8853	0.8857
Woodie	0.8786	0.8801	0.8826	0.8841	0.8866	0.8881	0.8906
Fibonacci	0.8799	0.8815	0.8824	0.8839	0.8855	0.8864	0.8879

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8747	0.8777	0.8811	0.8841	0.8875	0.8905	0.8939
Camarilla	0.8828	0.8834	0.8840	0.8846	0.8852	0.8858	0.8864
Woodie	0.8750	0.8778	0.8814	0.8842	0.8878	0.8906	0.8942
Fibonacci	0.8777	0.8801	0.8816	0.8841	0.8865	0.8880	0.8905

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8569	0.8648	0.8733	0.8812	0.8897	0.8976	0.9061
Camarilla	0.8774	0.8789	0.8804	0.8819	0.8834	0.8849	0.8864
Woodie	0.8573	0.8650	0.8737	0.8814	0.8901	0.8978	0.9065
Fibonacci	0.8648	0.8710	0.8749	0.8812	0.8874	0.8913	0.8976

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):	55.33
MACD (12,26,9):	0.0003
Directional Movement:	4.2088
AROON (14):	-21.4285
DEMA (21):	0.8848
Parabolic SAR (0,02-0,02-0,2):	0.8836
Elder Ray (13):	0.0004
Super Trend (3,10):	0.8824
Zig ZAG (10):	0.8848
VORTEX (21):	1.0966
Stochastique (14,3,5):	56.94
TEMA (21):	0.8849
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	-0.0005
Repulse (5,40,3):	0.0379
ROCnROLL:	1
TRIX (15,9):	0.0068
Courbe Coppock:	0.01

MA7:	0.8839
MA20:	0.8814
MA50:	0.8875
MA100:	0.8875
MAexp7:	0.8846
MAexp20:	0.8844
MAexp50:	0.8839
MAexp100:	0.8837
Price / MA7:	+0.10%
Price / MA20:	+0.39%
Price / MA50:	-0.30%
Price / MA100:	-0.30%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.12%

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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