AUD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 04/29/2024 (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

83%

11%

My opinion

Bullish above 0.8891 CAD

My targets

0.8997 CAD (+0.0052)

0.9047 CAD (+0.0102)

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 0.8891 CAD. The next resistance located at 0.8997 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 0.9047 CAD. After this resistance, buyers could then target 0.9191 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 0.8945 CAD. On the day, this instrument gained +0.12% and was between 0.8928 CAD and 0.8947 CAD. This implies that the price is at +0.19% from its lowest and at -0.02% from its highest.

0.8928

0.8947

0.8945

Here is a more detailed summary of the historical variations registered by AUD/CAD:

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

A technical analysis in 1H of this AUD/CAD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8855	0.8891	0.8937	0.8945	0.8997	0.9047	0.9191
Change (%)	-1.01%	-0.60%	-0.09%	-	+0.58%	+1.14%	+2.75%
Change	-0.0090	-0.0054	-0.0008	-	+0.0052	+0.0102	+0.0246
Level	Major	Intermediate	Intermediate	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8911	0.8916	0.8925	0.8930	0.8939	0.8944	0.8953
Camarilla	0.8930	0.8931	0.8933	0.8934	0.8935	0.8937	0.8938
Woodie	0.8913	0.8917	0.8927	0.8931	0.8941	0.8945	0.8955
Fibonacci	0.8916	0.8921	0.8925	0.8930	0.8935	0.8939	0.8944

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8705	0.8757	0.8844	0.8896	0.8983	0.9035	0.9122
Camarilla	0.8894	0.8907	0.8919	0.8932	0.8945	0.8958	0.8970
Woodie	0.8724	0.8766	0.8863	0.8905	0.9002	0.9044	0.9141
Fibonacci	0.8757	0.8810	0.8843	0.8896	0.8949	0.8982	0.9035

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):	65.14
MACD (12,26,9):	0.0005
Directional Movement:	11.8679
AROON (14):	-57.1428
DEMA (21):	0.8937
Parabolic SAR (0,02-0,02-0,2):	0.8921
Elder Ray (13):	0.0010
Super Trend (3,10):	0.8913
Zig ZAG (10):	0.8945
VORTEX (21):	1.1244
Stochastique (14,3,5):	75.64
TEMA (21):	0.8938
Williams %R (14):	-7.69
Chande Momentum Oscillator (20):	0.0016
Repulse (5,40,3):	0.1982
ROCnROLL:	1
TRIX (15,9):	0.0078
Courbe Coppock:	0.13

MA7:	0.8904
MA20:	0.8904
MA50:	0.8880
MA100:	0.8890
MAexp7:	0.8936
MAexp20:	0.8930
MAexp50:	0.8919
MAexp100:	0.8903
Price / MA7:	+0.46%
Price / MA20:	+0.46%
Price / MA50:	+0.73%
Price / MA100:	+0.62%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.47%

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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