AUD/CAD - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.9067 CAD
My targets
0.9047 CAD (-0.0014)
0.8999 CAD (-0.0062)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/CAD as long as the price remains well below 0.9067 CAD. The sellers' bearish objective is set at 0.9047 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8999 CAD. In case of crossing, the next objective would be the support located at 0.8931 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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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 0.9061 CAD. On the day, this instrument lost -0.12% and was between 0.9050 CAD and 0.9078 CAD. This implies that the price is at +0.12% from its lowest and at -0.19% from its highest.0.9050
0.9078
0.9061
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 bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8931 | 0.9047 | 0.9055 | 0.9061 | 0.9061 | 0.9067 | 0.9087 |
| Change (%) | -1.43% | -0.15% | -0.07% | 0% | - | +0.07% | +0.29% |
| Change | -0.0130 | -0.0014 | -0.0006 | 0 | - | +0.0006 | +0.0026 |
| Level | Intermediate | Major | Minor | Minor | - | Major | 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 | 0.9018 | 0.9039 | 0.9056 | 0.9077 | 0.9094 | 0.9115 | 0.9132 |
| Camarilla | 0.9062 | 0.9065 | 0.9069 | 0.9072 | 0.9076 | 0.9079 | 0.9083 |
| Woodie | 0.9015 | 0.9038 | 0.9053 | 0.9076 | 0.9091 | 0.9114 | 0.9129 |
| Fibonacci | 0.9039 | 0.9054 | 0.9063 | 0.9077 | 0.9092 | 0.9101 | 0.9115 |
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): | 36.53 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -12.5723 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.9064 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9075 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.9086 | |
| Zig ZAG (10): | 0.9058 | |
| VORTEX (21): | 0.8872 | |
| Stochastique (14,3,5): | 32.01 | |
| TEMA (21): | 0.9062 | |
| Williams %R (14): | -67.86 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0551 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.9065 | |
| MA20: | 0.9065 | |
| MA50: | 0.8961 | |
| MA100: | 0.8905 | |
| MAexp7: | 0.9064 | |
| MAexp20: | 0.9069 | |
| MAexp50: | 0.9072 | |
| MAexp100: | 0.9074 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +1.75% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.14% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on AUD/CAD at the time of the analysis were as follows:
-
AUD/CAD Forecast May 23, 2024
-
AUD/CAD Forecast January 6, 2023
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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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