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:
Bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.9087 CAD
My targets
0.9055 CAD (-0.0013)
0.8999 CAD (-0.0069)
My analysis
There is a bearish trend on AUD/CAD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.9087 CAD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.9055 CAD. Then the price could move towards 0.8999 CAD. Then 0.8931 CAD by extension. Be careful, a return to above the resistance 0.9087 CAD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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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 0.9068 CAD. The price registered a decrease of -0.04% on the session with the lowest point at 0.9061 CAD and the highest point at 0.9099 CAD. The deviation from the price is +0.08% for the low point and -0.34% for the high point.0.9061
0.9099
0.9068
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
A technical analysis in 1H of this AUD/CAD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is under the cloud
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 support of channel
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
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8931 | 0.9047 | 0.9055 | 0.9068 | 0.9068 | 0.9087 | 0.9098 |
| Change (%) | -1.51% | -0.23% | -0.14% | 0% | - | +0.21% | +0.33% |
| Change | -0.0137 | -0.0021 | -0.0013 | 0 | - | +0.0019 | +0.0030 |
| Level | Intermediate | Major | Minor | Major | - | Minor | Intermediate |
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 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): | 42.82 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -0.2570 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 0.9074 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9093 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.9094 | |
| Zig ZAG (10): | 0.9069 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 30.89 | |
| TEMA (21): | 0.9072 | |
| Williams %R (14): | -75.76 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.0185 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9070 | |
| MA20: | 0.9061 | |
| MA50: | 0.8958 | |
| MA100: | 0.8904 | |
| MAexp7: | 0.9073 | |
| MAexp20: | 0.9076 | |
| MAexp50: | 0.9076 | |
| MAexp100: | 0.9076 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +1.23% | |
| Price / MA100: | +1.84% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.09% |
Quotes :
-
Real time data
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Forex
News
The last news published on AUD/CAD at the time of the generation of this analysis 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
-
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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