AUD/CAD - 1H - Technical analysis published on 05/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 0.9063 CAD
My targets
0.9112 CAD (+0.0034)
0.9191 CAD (+0.0113)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CAD. As long as you are above the support located at 0.9063 CAD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.9112 CAD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.9191 CAD as an objective. Crossing it would then enable buyers to target 0.9511 CAD. If the support 0.9063 CAD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9078 CAD. The price has increased by +0.08% since the last closing with the lowest point at 0.9068 CAD and the highest point at 0.9098 CAD. The deviation from the price is +0.11% for the low point and -0.22% for the high point.0.9068
0.9098
0.9078
A study of price movements over other periods shows the following variations:
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 bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9055 | 0.9063 | 0.9069 | 0.9078 | 0.9087 | 0.9112 | 0.9119 |
| Change (%) | -0.25% | -0.17% | -0.10% | - | +0.10% | +0.37% | +0.45% |
| Change | -0.0023 | -0.0015 | -0.0009 | - | +0.0009 | +0.0034 | +0.0041 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9026 | 0.9038 | 0.9055 | 0.9067 | 0.9084 | 0.9096 | 0.9113 |
| Camarilla | 0.9063 | 0.9066 | 0.9068 | 0.9071 | 0.9074 | 0.9076 | 0.9079 |
| Woodie | 0.9028 | 0.9039 | 0.9057 | 0.9068 | 0.9086 | 0.9097 | 0.9115 |
| Fibonacci | 0.9038 | 0.9049 | 0.9056 | 0.9067 | 0.9078 | 0.9085 | 0.9096 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8950 | 0.8999 | 0.9028 | 0.9077 | 0.9106 | 0.9155 | 0.9184 |
| Camarilla | 0.9036 | 0.9043 | 0.9050 | 0.9057 | 0.9064 | 0.9071 | 0.9079 |
| Woodie | 0.8940 | 0.8994 | 0.9018 | 0.9072 | 0.9096 | 0.9150 | 0.9174 |
| Fibonacci | 0.8999 | 0.9029 | 0.9047 | 0.9077 | 0.9107 | 0.9125 | 0.9155 |
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): | 51.28 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 3.8716 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 0.9083 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9077 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.9066 | |
| Zig ZAG (10): | 0.9078 | |
| VORTEX (21): | 1.0355 | |
| Stochastique (14,3,5): | 38.10 | |
| TEMA (21): | 0.9083 | |
| Williams %R (14): | -67.86 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0714 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0045 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9073 | |
| MA20: | 0.9055 | |
| MA50: | 0.8955 | |
| MA100: | 0.8903 | |
| MAexp7: | 0.9081 | |
| MAexp20: | 0.9079 | |
| MAexp50: | 0.9075 | |
| MAexp100: | 0.9074 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +1.37% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.04% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on AUD/CAD at the time of the analysis were as follows:
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AUD/CAD Forecast May 23, 2024
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AUD/CAD Forecast January 6, 2023
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This member declared not having a position on this financial instrument or a related financial instrument.
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