AUD/CAD - 1H - Technical analysis published on 05/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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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
0
10
7
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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:
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
S3
S2
S1
R1
R2
R3
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
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Forex
News
The latest news and videos published on AUD/CAD at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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