AUD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDCAD
ISIN:

AUD/CAD - 1H - Technical analysis published on 05/15/2024 (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

89%

11%

My opinion

Bullish above 0.9066 CAD

My targets

0.9130 CAD (+0.0047)

0.9191 CAD (+0.0108)

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 0.9066 CAD. The next resistance located at 0.9130 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 0.9191 CAD. After this resistance, buyers could then target 0.9511 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.

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

8.9

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

The AUD/CAD rating is 0.9083 CAD. The price has increased by +0.43% since the last closing and was between 0.9039 CAD and 0.9093 CAD. This implies that the price is at +0.49% from its lowest and at -0.11% from its highest.

0.9039

0.9093

0.9083

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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AUD/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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, 16 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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9057	0.9066	0.9077	0.9083	0.9191	0.9511	0.9981
Change (%)	-0.29%	-0.19%	-0.07%	-	+1.19%	+4.71%	+9.89%
Change	-0.0026	-0.0017	-0.0006	-	+0.0108	+0.0428	+0.0898
Level	Major	Minor	Minor	-	Major	Intermediate	Intermediate

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	0.8975	0.8991	0.9017	0.9033	0.9059	0.9075	0.9101
Camarilla	0.9033	0.9036	0.9040	0.9044	0.9048	0.9052	0.9056
Woodie	0.8981	0.8994	0.9023	0.9036	0.9065	0.9078	0.9107
Fibonacci	0.8991	0.9007	0.9017	0.9033	0.9049	0.9059	0.9075

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8935	0.8974	0.9000	0.9039	0.9065	0.9104	0.9130
Camarilla	0.9009	0.9015	0.9021	0.9027	0.9033	0.9039	0.9045
Woodie	0.8930	0.8971	0.8995	0.9036	0.9060	0.9101	0.9125
Fibonacci	0.8974	0.8999	0.9014	0.9039	0.9064	0.9079	0.9104

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.67
MACD (12,26,9):	0.0009
Directional Movement:	17.7262
AROON (14):	100.0000
DEMA (21):	0.9070
Parabolic SAR (0,02-0,02-0,2):	0.9046
Elder Ray (13):	0.0023
Super Trend (3,10):	0.9042
Zig ZAG (10):	0.9082
VORTEX (21):	1.1613
Stochastique (14,3,5):	72.27
TEMA (21):	0.9074
Williams %R (14):	-22.45
Chande Momentum Oscillator (20):	0.0017
Repulse (5,40,3):	0.1744
ROCnROLL:	1
TRIX (15,9):	0.0104
Courbe Coppock:	0.39

MA7:	0.9045
MA20:	0.8968
MA50:	0.8922
MA100:	0.8895
MAexp7:	0.9070
MAexp20:	0.9060
MAexp50:	0.9049
MAexp100:	0.9042
Price / MA7:	+0.42%
Price / MA20:	+1.28%
Price / MA50:	+1.80%
Price / MA100:	+2.11%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.38%
Price / MAexp100:	+0.45%

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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