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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 05/29/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.9087 CAD
My targets
0.9055 CAD (-0.0020)
0.8999 CAD (-0.0076)
My analysis
The strong short-term decline in AUD/CAD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.9087 CAD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.9055 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8999 CAD as an objective. Crossing it would then enable sellers to target 0.8931 CAD. Be careful, a return to above 0.9087 CAD could jeopardize the reversal.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0

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

The AUD/CAD price is 0.9075 CAD. The price registered an increase of +0.03% on the session and was traded between 0.9067 CAD and 0.9099 CAD over the period. The price is currently at +0.09% from its lowest and -0.26% from its highest.

0.9067
0.9099
0.9075

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of AUD/CAD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9047 0.9055 0.9068 0.9075 0.9087 0.9098 0.9112
Change (%) -0.31% -0.22% -0.08% - +0.13% +0.25% +0.41%
Change -0.0028 -0.0020 -0.0007 - +0.0012 +0.0023 +0.0037
Level Major Minor Major - Minor Intermediate Major



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
Standard0.90310.90490.90610.90790.90910.91090.9121
Camarilla0.90640.90670.90690.90720.90750.90780.9080
Woodie0.90270.90480.90570.90780.90870.91080.9117
Fibonacci0.90490.90610.90680.90790.90910.90980.9109


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 49.66
MACD (12,26,9): 0.0002
Directional Movement: 5.8383
AROON (14): 7.1428
DEMA (21): 0.9084
Parabolic SAR (0,02-0,02-0,2): 0.9071
Elder Ray (13): -0.0001
Super Trend (3,10): 0.9066
Zig ZAG (10): 0.9079
VORTEX (21): 0.9901
Stochastique (14,3,5): 53.13
TEMA (21): 0.9085
Williams %R (14): -62.50
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): -0.1494
ROCnROLL: -1
TRIX (15,9): 0.0028
Courbe Coppock: 0.16
MA7: 0.9071
MA20: 0.9061
MA50: 0.8958
MA100: 0.8904
MAexp7: 0.9083
MAexp20: 0.9081
MAexp50: 0.9078
MAexp100: 0.9076
Price / MA7: +0.04%
Price / MA20: +0.15%
Price / MA50: +1.31%
Price / MA100: +1.92%
Price / MAexp7: -0.09%
Price / MAexp20: -0.07%
Price / MAexp50: -0.03%
Price / MAexp100: -0.01%

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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