AUD/CAD - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.9061 CAD
My targets
0.9087 CAD (+0.0011)
0.9099 CAD (+0.0023)
My analysis
AUD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.9061 CAD. The next resistance located at 0.9087 CAD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9099 CAD. After this resistance, buyers could then target 0.9112 CAD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3
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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 0.9076 CAD. The price registered an increase of +0.04% on the session and was between 0.9050 CAD and 0.9078 CAD. This implies that the price is at +0.29% from its lowest and at -0.02% from its highest.0.9050
0.9078
0.9076
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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9055 | 0.9061 | 0.9067 | 0.9076 | 0.9087 | 0.9099 | 0.9112 |
| Change (%) | -0.23% | -0.17% | -0.10% | - | +0.12% | +0.25% | +0.40% |
| Change | -0.0021 | -0.0015 | -0.0009 | - | +0.0011 | +0.0023 | +0.0036 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.84 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.0535 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.9067 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9051 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9086 | |
| Zig ZAG (10): | 0.9075 | |
| VORTEX (21): | 1.0383 | |
| Stochastique (14,3,5): | 82.14 | |
| TEMA (21): | 0.9068 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.1268 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.9067 | |
| MA20: | 0.9065 | |
| MA50: | 0.8962 | |
| MA100: | 0.8905 | |
| MAexp7: | 0.9070 | |
| MAexp20: | 0.9070 | |
| MAexp50: | 0.9072 | |
| MAexp100: | 0.9074 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.02% |
Quotes :
-
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 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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