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 05/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 0.9099 CAD

My targets

0.9125 CAD (+0.0011)

0.9191 CAD (+0.0077)

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 0.9099 CAD. The next resistance located at 0.9125 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

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 0.9114 CAD. On the day, this instrument gained +0.02% and was between 0.9106 CAD and 0.9126 CAD. This implies that the price is at +0.09% from its lowest and at -0.13% from its highest.

0.9106

0.9126

0.9114

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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

Technical analysis of AUD/CAD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9047	0.9057	0.9099	0.9114	0.9125	0.9191	0.9511
Change (%)	-0.74%	-0.63%	-0.16%	-	+0.12%	+0.84%	+4.36%
Change	-0.0067	-0.0057	-0.0015	-	+0.0011	+0.0077	+0.0397
Level	Major	Intermediate	Minor	-	Intermediate	Major	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	0.9030	0.9049	0.9081	0.9100	0.9132	0.9151	0.9183
Camarilla	0.9098	0.9103	0.9107	0.9112	0.9117	0.9121	0.9126
Woodie	0.9036	0.9052	0.9087	0.9103	0.9138	0.9154	0.9189
Fibonacci	0.9049	0.9069	0.9081	0.9100	0.9120	0.9132	0.9151

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8918	0.8962	0.9037	0.9081	0.9156	0.9200	0.9275
Camarilla	0.9079	0.9090	0.9101	0.9112	0.9123	0.9134	0.9145
Woodie	0.8934	0.8970	0.9053	0.9089	0.9172	0.9208	0.9291
Fibonacci	0.8962	0.9008	0.9036	0.9081	0.9127	0.9155	0.9200

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):	57.81
MACD (12,26,9):	0.0007
Directional Movement:	8.9920
AROON (14):	42.8572
DEMA (21):	0.9120
Parabolic SAR (0,02-0,02-0,2):	0.9125
Elder Ray (13):	0.0002
Super Trend (3,10):	0.9095
Zig ZAG (10):	0.9114
VORTEX (21):	1.2103
Stochastique (14,3,5):	56.67
TEMA (21):	0.9122
Williams %R (14):	-60.00
Chande Momentum Oscillator (20):	0.0002
Repulse (5,40,3):	-0.0606
ROCnROLL:	-1
TRIX (15,9):	0.0116
Courbe Coppock:	0.30

MA7:	0.9077
MA20:	0.9010
MA50:	0.8934
MA100:	0.8898
MAexp7:	0.9117
MAexp20:	0.9111
MAexp50:	0.9099
MAexp100:	0.9085
Price / MA7:	+0.41%
Price / MA20:	+1.15%
Price / MA50:	+2.01%
Price / MA100:	+2.43%
Price / MAexp7:	-0.03%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.32%

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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