AUD/CAD - 1H - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 0.9080 CAD
My targets
0.9047 CAD (-0.0021)
0.8999 CAD (-0.0069)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade AUD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.9080 CAD. The next bearish objective for sellers 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. In the event of a bullish break in the resistance located at 0.9080 CAD a certain indecision would take hold.
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
4.5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9068 CAD. On the day, this instrument lost -0.04% and was traded between 0.9064 CAD and 0.9084 CAD over the period. The price is currently at +0.04% from its lowest and -0.18% from its highest.0.9064
0.9084
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
Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low 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
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.9047 | 0.9061 | 0.9068 | 0.9068 | 0.9080 | 0.9092 | 0.9112 |
| Change (%) | -0.23% | -0.08% | 0% | - | +0.13% | +0.26% | +0.49% |
| Change | -0.0021 | -0.0007 | 0 | - | +0.0012 | +0.0024 | +0.0044 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
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 | 0.9009 | 0.9029 | 0.9051 | 0.9071 | 0.9093 | 0.9113 | 0.9135 |
| Camarilla | 0.9061 | 0.9064 | 0.9068 | 0.9072 | 0.9076 | 0.9080 | 0.9084 |
| Woodie | 0.9009 | 0.9030 | 0.9051 | 0.9072 | 0.9093 | 0.9114 | 0.9135 |
| Fibonacci | 0.9029 | 0.9045 | 0.9055 | 0.9071 | 0.9087 | 0.9097 | 0.9113 |
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): | 49.28 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.4018 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.9073 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9083 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.9086 | |
| Zig ZAG (10): | 0.9071 | |
| VORTEX (21): | 1.0055 | |
| Stochastique (14,3,5): | 27.02 | |
| TEMA (21): | 0.9073 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0038 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.9068 | |
| MA20: | 0.9067 | |
| MA50: | 0.8966 | |
| MA100: | 0.8906 | |
| MAexp7: | 0.9072 | |
| MAexp20: | 0.9074 | |
| MAexp50: | 0.9074 | |
| MAexp100: | 0.9074 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +1.82% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.06% |
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:
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AUD/CAD Forecast May 23, 2024
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AUD/CAD Forecast January 6, 2023
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This member declared not having a position on this financial instrument or a related financial instrument.
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