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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 05/30/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.9067 CAD
My targets
0.9099 CAD (+0.0021)
0.9112 CAD (+0.0034)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9067 CAD. The buyers' bullish objective is set at 0.9099 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. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8

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

AUD/CAD rating 0.9078 CAD. The price registered an increase of +0.07% on the session and was traded between 0.9050 CAD and 0.9092 CAD over the period. The price is currently at +0.31% from its lowest and -0.15% from its highest.

0.9050
0.9092
0.9078

Here is a more detailed summary of the historical variations registered by AUD/CAD:
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 AUD/CAD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

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 several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


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


S3S2S1PriceR1R2R3
ProTrendLines 0.9055 0.9061 0.9067 0.9078 0.9087 0.9099 0.9112
Change (%) -0.25% -0.19% -0.12% - +0.10% +0.23% +0.37%
Change -0.0023 -0.0017 -0.0011 - +0.0009 +0.0021 +0.0034
Level Minor Minor Major - Intermediate 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
Standard0.90180.90390.90560.90770.90940.91150.9132
Camarilla0.90620.90650.90690.90720.90760.90790.9083
Woodie0.90150.90380.90530.90760.90910.91140.9129
Fibonacci0.90390.90540.90630.90770.90920.91010.9115


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.34
MACD (12,26,9): 0.0001
Directional Movement: 6.2056
AROON (14): 57.1428
DEMA (21): 0.9073
Parabolic SAR (0,02-0,02-0,2): 0.9062
Elder Ray (13): 0.0004
Super Trend (3,10): 0.9086
Zig ZAG (10): 0.9075
VORTEX (21): 1.0202
Stochastique (14,3,5): 76.06
TEMA (21): 0.9076
Williams %R (14): -40.48
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): -0.0506
ROCnROLL: 1
TRIX (15,9): -0.0014
Courbe Coppock: 0.13
MA7: 0.9067
MA20: 0.9065
MA50: 0.8962
MA100: 0.8905
MAexp7: 0.9076
MAexp20: 0.9073
MAexp50: 0.9073
MAexp100: 0.9074
Price / MA7: +0.12%
Price / MA20: +0.14%
Price / MA50: +1.29%
Price / MA100: +1.94%
Price / MAexp7: +0.02%
Price / MAexp20: +0.06%
Price / MAexp50: +0.06%
Price / MAexp100: +0.04%

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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