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AUD/CAD
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 05/28/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.9069 CAD
My targets
0.9112 CAD (+0.0025)
0.9191 CAD (+0.0104)
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 0.9069 CAD. The buyers' bullish objective is set at 0.9112 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9191 CAD. If there is any crossing, the next objective would be the resistance located at 0.9511 CAD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/CAD rating 0.9087 CAD. The price registered an increase of +0.18% on the session and was between 0.9068 CAD and 0.9098 CAD. This implies that the price is at +0.21% from its lowest and at -0.12% from its highest.

0.9068
0.9098
0.9087

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:

Central Records

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


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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 0.9055 0.9063 0.9069 0.9087 0.9087 0.9112 0.9119
Change (%) -0.35% -0.26% -0.20% 0% - +0.28% +0.35%
Change -0.0032 -0.0024 -0.0018 0 - +0.0025 +0.0032
Level Intermediate Minor Major 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
Standard0.90260.90380.90550.90670.90840.90960.9113
Camarilla0.90630.90660.90680.90710.90740.90760.9079
Woodie0.90280.90390.90570.90680.90860.90970.9115
Fibonacci0.90380.90490.90560.90670.90780.90850.9096


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89500.89990.90280.90770.91060.91550.9184
Camarilla0.90360.90430.90500.90570.90640.90710.9079
Woodie0.89400.89940.90180.90720.90960.91500.9174
Fibonacci0.89990.90290.90470.90770.91070.91250.9155


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.85750.86780.88000.89030.90250.91280.9250
Camarilla0.88590.88800.89000.89210.89420.89620.8983
Woodie0.85840.86830.88090.89080.90340.91330.9259
Fibonacci0.86780.87640.88170.89030.89890.90420.9128

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 63.70
MACD (12,26,9): 0.0003
Directional Movement: 14.8908
AROON (14): 92.8571
DEMA (21): 0.9082
Parabolic SAR (0,02-0,02-0,2): 0.9071
Elder Ray (13): 0.0011
Super Trend (3,10): 0.9066
Zig ZAG (10): 0.9088
VORTEX (21): 1.0850
Stochastique (14,3,5): 72.82
TEMA (21): 0.9083
Williams %R (14): -36.67
Chande Momentum Oscillator (20): 0.0011
Repulse (5,40,3): -0.0102
ROCnROLL: 1
TRIX (15,9): 0.0040
Courbe Coppock: 0.15
MA7: 0.9075
MA20: 0.9056
MA50: 0.8955
MA100: 0.8903
MAexp7: 0.9081
MAexp20: 0.9078
MAexp50: 0.9074
MAexp100: 0.9074
Price / MA7: +0.13%
Price / MA20: +0.34%
Price / MA50: +1.47%
Price / MA100: +2.07%
Price / MAexp7: +0.07%
Price / MAexp20: +0.10%
Price / MAexp50: +0.14%
Price / MAexp100: +0.14%

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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