AUD/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 04/17/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8877 CAD

My targets

0.8841 CAD (-0.0017)

0.8807 CAD (-0.0051)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/CAD as long as the price remains well below 0.8877 CAD. The next bearish objective for sellers is set at 0.8841 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8807 CAD. If there is any crossing, the next objective would be the support located at 0.8750 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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

AUD/CAD rating 0.8858 CAD. On the day, this instrument lost -0.05% and was between 0.8854 CAD and 0.8884 CAD. This implies that the price is at +0.05% from its lowest and at -0.29% from its highest.

0.8854

0.8884

0.8858

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 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 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8750	0.8807	0.8841	0.8858	0.8877	0.8891	0.8937
Change (%)	-1.22%	-0.58%	-0.19%	-	+0.21%	+0.37%	+0.89%
Change	-0.0108	-0.0051	-0.0017	-	+0.0019	+0.0033	+0.0079
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8800	0.8821	0.8841	0.8862	0.8882	0.8903	0.8923
Camarilla	0.8851	0.8855	0.8858	0.8862	0.8866	0.8870	0.8873
Woodie	0.8801	0.8821	0.8842	0.8862	0.8883	0.8903	0.8924
Fibonacci	0.8821	0.8836	0.8846	0.8862	0.8877	0.8887	0.8903

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8753	0.8825	0.8864	0.8936	0.8975	0.9047	0.9086
Camarilla	0.8874	0.8884	0.8894	0.8904	0.8914	0.8924	0.8935
Woodie	0.8738	0.8817	0.8849	0.8928	0.8960	0.9039	0.9071
Fibonacci	0.8825	0.8867	0.8893	0.8936	0.8978	0.9004	0.9047

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.69
MACD (12,26,9):	-0.0001
Directional Movement:	0.2390
AROON (14):	57.1428
DEMA (21):	0.8864
Parabolic SAR (0,02-0,02-0,2):	0.8883
Elder Ray (13):	-0.0008
Super Trend (3,10):	0.8879
Zig ZAG (10):	0.8858
VORTEX (21):	1.0198
Stochastique (14,3,5):	21.11
TEMA (21):	0.8867
Williams %R (14):	-90.00
Chande Momentum Oscillator (20):	-0.0007
Repulse (5,40,3):	-0.1200
ROCnROLL:	2
TRIX (15,9):	0.0011
Courbe Coppock:	0.06

MA7:	0.8909
MA20:	0.8886
MA50:	0.8862
MA100:	0.8897
MAexp7:	0.8864
MAexp20:	0.8865
MAexp50:	0.8871
MAexp100:	0.8887
Price / MA7:	-0.57%
Price / MA20:	-0.32%
Price / MA50:	-0.05%
Price / MA100:	-0.44%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.15%
Price / MAexp100:	-0.33%

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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