AUD/CAD - 1H - Technical analysis published on 05/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.9068 CAD
My targets
0.9098 CAD (+0.0011)
0.9112 CAD (+0.0025)
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 0.9068 CAD. The buyers' bullish objective is set at 0.9098 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9112 CAD. If there is any crossing, the next objective would be the resistance located at 0.9119 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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 price is 0.9087 CAD. The price registered an increase of +0.17% on the session with the lowest point at 0.9067 CAD and the highest point at 0.9099 CAD. The deviation from the price is +0.22% for the low point and -0.13% for the high point.0.9067
0.9099
0.9087
Here is a more detailed summary of the historical variations registered by AUD/CAD:
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 this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9047 | 0.9055 | 0.9068 | 0.9087 | 0.9087 | 0.9098 | 0.9112 |
| Change (%) | -0.44% | -0.35% | -0.21% | 0% | - | +0.12% | +0.28% |
| Change | -0.0040 | -0.0032 | -0.0019 | 0 | - | +0.0011 | +0.0025 |
| Level | Major | Minor | Major | Minor | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9031 | 0.9049 | 0.9061 | 0.9079 | 0.9091 | 0.9109 | 0.9121 |
| Camarilla | 0.9064 | 0.9067 | 0.9069 | 0.9072 | 0.9075 | 0.9078 | 0.9080 |
| Woodie | 0.9027 | 0.9048 | 0.9057 | 0.9078 | 0.9087 | 0.9108 | 0.9117 |
| Fibonacci | 0.9049 | 0.9061 | 0.9068 | 0.9079 | 0.9091 | 0.9098 | 0.9109 |
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): | 56.78 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 10.3898 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 0.9082 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9069 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9066 | |
| Zig ZAG (10): | 0.9086 | |
| VORTEX (21): | 1.0650 | |
| Stochastique (14,3,5): | 58.33 | |
| TEMA (21): | 0.9083 | |
| Williams %R (14): | -43.75 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.0116 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.9072 | |
| MA20: | 0.9061 | |
| MA50: | 0.8958 | |
| MA100: | 0.8904 | |
| MAexp7: | 0.9083 | |
| MAexp20: | 0.9080 | |
| MAexp50: | 0.9077 | |
| MAexp100: | 0.9076 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +1.44% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.12% |
Quotes :
-
Real time data
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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:
-
AUD/CAD Forecast May 23, 2024
-
AUD/CAD Forecast January 6, 2023
-
S&P 500 Volatility Should Settle if Risk Appetite is Set, AUDCAD a Top Watch
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Australian Dollar China GDP Analysis: AUD/USD, AUD/JPY, GBP/AUD, AUD/CAD
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Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD Gain as RBA Holds in February
This member declared not having a position on this financial instrument or a related financial instrument.
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