AUD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 04/11/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.8931 CAD

My targets

0.8960 CAD (+0.0011)

0.9005 CAD (+0.0056)

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 0.8931 CAD. The buyers' bullish objective is set at 0.8960 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9005 CAD. If there is any crossing, the next objective would be the resistance located at 0.9047 CAD.

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

5.9

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 0.8949 CAD. The price has increased by +0.47% since the last closing and was traded between 0.8903 CAD and 0.8956 CAD over the period. The price is currently at +0.52% from its lowest and -0.08% from its highest.

0.8903

0.8956

0.8949

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AUD/CAD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

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	0.8850	0.8899	0.8931	0.8949	0.8960	0.9005	0.9047
Change (%)	-1.11%	-0.56%	-0.20%	-	+0.12%	+0.63%	+1.10%
Change	-0.0099	-0.0050	-0.0018	-	+0.0011	+0.0056	+0.0098
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8772	0.8836	0.8871	0.8935	0.8970	0.9034	0.9069
Camarilla	0.8880	0.8889	0.8898	0.8907	0.8916	0.8925	0.8934
Woodie	0.8759	0.8829	0.8858	0.8928	0.8957	0.9027	0.9056
Fibonacci	0.8836	0.8874	0.8897	0.8935	0.8973	0.8996	0.9034

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8692	0.8746	0.8844	0.8898	0.8996	0.9050	0.9148
Camarilla	0.8899	0.8913	0.8927	0.8941	0.8955	0.8969	0.8983
Woodie	0.8713	0.8757	0.8865	0.8909	0.9017	0.9061	0.9169
Fibonacci	0.8746	0.8804	0.8840	0.8898	0.8956	0.8992	0.9050

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8619	0.8713	0.8763	0.8857	0.8907	0.9001	0.9051
Camarilla	0.8774	0.8788	0.8801	0.8814	0.8827	0.8840	0.8854
Woodie	0.8598	0.8702	0.8742	0.8846	0.8886	0.8990	0.9030
Fibonacci	0.8713	0.8768	0.8802	0.8857	0.8912	0.8946	0.9001

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):	59.30
MACD (12,26,9):	0.0002
Directional Movement:	8.6286
AROON (14):	64.2857
DEMA (21):	0.8935
Parabolic SAR (0,02-0,02-0,2):	0.8917
Elder Ray (13):	0.0010
Super Trend (3,10):	0.8913
Zig ZAG (10):	0.8950
VORTEX (21):	1.1727
Stochastique (14,3,5):	74.31
TEMA (21):	0.8945
Williams %R (14):	-14.29
Chande Momentum Oscillator (20):	0.0027
Repulse (5,40,3):	0.1734
ROCnROLL:	1
TRIX (15,9):	-0.0040
Courbe Coppock:	0.59

MA7:	0.8937
MA20:	0.8885
MA50:	0.8855
MA100:	0.8901
MAexp7:	0.8942
MAexp20:	0.8935
MAexp50:	0.8941
MAexp100:	0.8940
Price / MA7:	+0.13%
Price / MA20:	+0.72%
Price / MA50:	+1.06%
Price / MA100:	+0.54%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.10%

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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