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 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

39%

33%

28%

My opinion

Bearish under 0.9097 CAD

My targets

0.9057 CAD (-0.0022)

0.9047 CAD (-0.0032)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AUD/CAD as long as the price remains well below 0.9097 CAD. The next bearish objective for sellers is set at 0.9057 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9047 CAD. In case of crossing, the next objective would be the support located at 0.9034 CAD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.9057 CAD. With this support, against the trend traders who want to buy AUD/CAD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

0.5

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 0.9079 CAD. The price is lower by -0.21% since the last closing and was traded between 0.9069 CAD and 0.9099 CAD over the period. The price is currently at +0.11% from its lowest and -0.22% from its highest.

0.9069

0.9099

0.9079

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

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. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

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	0.9034	0.9047	0.9057	0.9079	0.9097	0.9109	0.9125
Change (%)	-0.50%	-0.35%	-0.24%	-	+0.20%	+0.33%	+0.51%
Change	-0.0045	-0.0032	-0.0022	-	+0.0018	+0.0030	+0.0046
Level	Minor	Major	Intermediate	-	Minor	Minor	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	0.9019	0.9045	0.9072	0.9098	0.9125	0.9151	0.9178
Camarilla	0.9083	0.9088	0.9093	0.9098	0.9103	0.9108	0.9113
Woodie	0.9019	0.9045	0.9072	0.9098	0.9125	0.9151	0.9178
Fibonacci	0.9045	0.9066	0.9078	0.9098	0.9119	0.9131	0.9151

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):	47.06
MACD (12,26,9):	-0.0003
Directional Movement:	-3.8988
AROON (14):	-78.5714
DEMA (21):	0.9080
Parabolic SAR (0,02-0,02-0,2):	0.9090
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.9100
Zig ZAG (10):	0.9082
VORTEX (21):	0.9345
Stochastique (14,3,5):	33.33
TEMA (21):	0.9075
Williams %R (14):	-53.33
Chande Momentum Oscillator (20):	-0.0008
Repulse (5,40,3):	0.0953
ROCnROLL:	1
TRIX (15,9):	-0.0044
Courbe Coppock:	0.30

MA7:	0.9064
MA20:	0.8995
MA50:	0.8929
MA100:	0.8897
MAexp7:	0.9080
MAexp20:	0.9084
MAexp50:	0.9082
MAexp100:	0.9072
Price / MA7:	+0.17%
Price / MA20:	+0.93%
Price / MA50:	+1.68%
Price / MA100:	+2.05%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.03%
Price / MAexp100:	+0.08%

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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