AUD/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDCAD
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AUD/CAD - 1H - Technical analysis published on 05/01/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

72%

28%

My opinion

Neutral between 0.8891 CAD and 0.8944 CAD

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on AUD/CAD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.8944 CAD. The first support is located at 0.8891 CAD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 0.8926 CAD. The price has increased by +0.06% since the last closing and was traded between 0.8909 CAD and 0.8933 CAD over the period. The price is currently at +0.19% from its lowest and -0.08% from its highest.

0.8909

0.8933

0.8926

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, 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 slightly bullish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

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.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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	0.8830	0.8854	0.8891	0.8926	0.8928	0.8944	0.8979
Change (%)	-1.08%	-0.81%	-0.39%	-	+0.02%	+0.20%	+0.59%
Change	-0.0096	-0.0072	-0.0035	-	+0.0002	+0.0018	+0.0053
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8841	0.8877	0.8899	0.8935	0.8957	0.8993	0.9015
Camarilla	0.8905	0.8910	0.8916	0.8921	0.8926	0.8932	0.8937
Woodie	0.8834	0.8874	0.8892	0.8932	0.8950	0.8990	0.9008
Fibonacci	0.8877	0.8899	0.8913	0.8935	0.8957	0.8971	0.8993

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	0.8575	0.8678	0.8800	0.8903	0.9025	0.9128	0.9250
Camarilla	0.8859	0.8880	0.8900	0.8921	0.8942	0.8962	0.8983
Woodie	0.8584	0.8683	0.8809	0.8908	0.9034	0.9133	0.9259
Fibonacci	0.8678	0.8764	0.8817	0.8903	0.8989	0.9042	0.9128

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):	51.72
MACD (12,26,9):	-0.0002
Directional Movement:	0.0591
AROON (14):	85.7143
DEMA (21):	0.8919
Parabolic SAR (0,02-0,02-0,2):	0.8911
Elder Ray (13):	0.0004
Super Trend (3,10):	0.8940
Zig ZAG (10):	0.8926
VORTEX (21):	1.0318
Stochastique (14,3,5):	78.65
TEMA (21):	0.8922
Williams %R (14):	-14.29
Chande Momentum Oscillator (20):	0.0017
Repulse (5,40,3):	0.0422
ROCnROLL:	-1
TRIX (15,9):	-0.0080
Courbe Coppock:	0.12

MA7:	0.8918
MA20:	0.8907
MA50:	0.8882
MA100:	0.8890
MAexp7:	0.8924
MAexp20:	0.8924
MAexp50:	0.8929
MAexp100:	0.8925
Price / MA7:	+0.09%
Price / MA20:	+0.21%
Price / MA50:	+0.50%
Price / MA100:	+0.40%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	-0.03%
Price / MAexp100:	+0.01%

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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