AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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High:	-
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

72%

28%

My opinion

Bullish above 0.8931 CAD

My targets

0.8960 CAD (+0.0009)

0.9005 CAD (+0.0054)

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 0.8931 CAD. The next resistance located at 0.8960 CAD is the next bullish target 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 0.9005 CAD. After this resistance, buyers could then target 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

5.5

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

AUD/CAD rating 0.8951 CAD. On the day, this instrument gained +0.49% and was between 0.8903 CAD and 0.8956 CAD. This implies that the price is at +0.54% from its lowest and at -0.06% from its highest.

0.8903

0.8956

0.8951

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of AUD/CAD indicates that the overall trend is bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8850	0.8899	0.8931	0.8951	0.8960	0.9005	0.9047
Change (%)	-1.13%	-0.58%	-0.22%	-	+0.10%	+0.60%	+1.07%
Change	-0.0101	-0.0052	-0.0020	-	+0.0009	+0.0054	+0.0096
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Major

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	0.8772	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.56
MACD (12,26,9):	0.0004
Directional Movement:	11.7482
AROON (14):	7.1429
DEMA (21):	0.8944
Parabolic SAR (0,02-0,02-0,2):	0.8920
Elder Ray (13):	0.0008
Super Trend (3,10):	0.8923
Zig ZAG (10):	0.8950
VORTEX (21):	1.2118
Stochastique (14,3,5):	85.71
TEMA (21):	0.8953
Williams %R (14):	-14.29
Chande Momentum Oscillator (20):	0.0020
Repulse (5,40,3):	0.0522
ROCnROLL:	1
TRIX (15,9):	0.0022
Courbe Coppock:	0.54

MA7:	0.8937
MA20:	0.8886
MA50:	0.8855
MA100:	0.8901
MAexp7:	0.8947
MAexp20:	0.8940
MAexp50:	0.8943
MAexp100:	0.8941
Price / MA7:	+0.16%
Price / MA20:	+0.73%
Price / MA50:	+1.08%
Price / MA100:	+0.56%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.11%

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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