AUD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 05/01/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.8928 CAD

My targets

0.8979 CAD (+0.0028)

0.8997 CAD (+0.0046)

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 0.8928 CAD. The buyers' bullish objective is set at 0.8979 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8997 CAD. If there is any crossing, the next objective would be the resistance located at 0.9047 CAD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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. The price registered an increase of +0.34% on the session and was traded between 0.8909 CAD and 0.8969 CAD over the period. The price is currently at +0.47% from its lowest and -0.20% from its highest.

0.8909

0.8969

0.8951

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
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

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

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

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	0.8891	0.8928	0.8944	0.8951	0.8979	0.8997	0.9047
Change (%)	-0.67%	-0.26%	-0.08%	-	+0.31%	+0.51%	+1.07%
Change	-0.0060	-0.0023	-0.0007	-	+0.0028	+0.0046	+0.0096
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	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	0.8841	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):	67.92
MACD (12,26,9):	0.0007
Directional Movement:	21.6978
AROON (14):	92.8571
DEMA (21):	0.8943
Parabolic SAR (0,02-0,02-0,2):	0.8933
Elder Ray (13):	0.0018
Super Trend (3,10):	0.8921
Zig ZAG (10):	0.8957
VORTEX (21):	1.2103
Stochastique (14,3,5):	74.90
TEMA (21):	0.8951
Williams %R (14):	-25.49
Chande Momentum Oscillator (20):	0.0026
Repulse (5,40,3):	0.0625
ROCnROLL:	1
TRIX (15,9):	0.0034
Courbe Coppock:	0.58

MA7:	0.8921
MA20:	0.8908
MA50:	0.8882
MA100:	0.8891
MAexp7:	0.8947
MAexp20:	0.8937
MAexp50:	0.8934
MAexp100:	0.8928
Price / MA7:	+0.34%
Price / MA20:	+0.48%
Price / MA50:	+0.78%
Price / MA100:	+0.67%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.26%

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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