AUD/CAD - 1H - Technical analysis published on 06/03/2024 (GMT)
- 110
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.9068 CAD
My targets
0.9047 CAD (-0.0016)
0.8996 CAD (-0.0067)
My analysis
AUD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.9068 CAD. The next support located at 0.9047 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8996 CAD. Below this support, sellers could then target 0.8931 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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.
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 0.9063 CAD. On the day, this instrument lost -0.02% and was between 0.9059 CAD and 0.9065 CAD. This implies that the price is at +0.04% from its lowest and at -0.02% from its highest.0.9059
0.9065
0.9063
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 sharp bearish trend. 92.86% 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 : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8931 | 0.9047 | 0.9063 | 0.9063 | 0.9068 | 0.9087 | 0.9094 |
| Change (%) | -1.46% | -0.18% | 0% | - | +0.06% | +0.26% | +0.34% |
| Change | -0.0132 | -0.0016 | 0 | - | +0.0005 | +0.0024 | +0.0031 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 0.9039 | 0.9046 | 0.9056 | 0.9063 | 0.9073 | 0.9080 | 0.9090 |
| Camarilla | 0.9060 | 0.9062 | 0.9063 | 0.9065 | 0.9067 | 0.9068 | 0.9070 |
| Woodie | 0.9040 | 0.9047 | 0.9057 | 0.9064 | 0.9074 | 0.9081 | 0.9091 |
| Fibonacci | 0.9046 | 0.9053 | 0.9057 | 0.9063 | 0.9070 | 0.9074 | 0.9080 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8996 | 0.9023 | 0.9045 | 0.9072 | 0.9094 | 0.9121 | 0.9143 |
| Camarilla | 0.9054 | 0.9058 | 0.9063 | 0.9067 | 0.9072 | 0.9076 | 0.9081 |
| Woodie | 0.8994 | 0.9022 | 0.9043 | 0.9071 | 0.9092 | 0.9120 | 0.9141 |
| Fibonacci | 0.9023 | 0.9042 | 0.9053 | 0.9072 | 0.9091 | 0.9102 | 0.9121 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8725 | 0.8817 | 0.8942 | 0.9034 | 0.9159 | 0.9251 | 0.9376 |
| Camarilla | 0.9007 | 0.9027 | 0.9047 | 0.9067 | 0.9087 | 0.9107 | 0.9127 |
| Woodie | 0.8742 | 0.8825 | 0.8959 | 0.9042 | 0.9176 | 0.9259 | 0.9393 |
| Fibonacci | 0.8817 | 0.8900 | 0.8951 | 0.9034 | 0.9117 | 0.9168 | 0.9251 |
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): | 45.54 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -2.5060 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.9063 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9076 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.9088 | |
| Zig ZAG (10): | 0.9061 | |
| VORTEX (21): | 0.9591 | |
| Stochastique (14,3,5): | 28.46 | |
| TEMA (21): | 0.9062 | |
| Williams %R (14): | -82.93 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | -0.0091 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0039 | |
| Courbe Coppock: | 0.18 |
| MA7: | 0.9069 | |
| MA20: | 0.9068 | |
| MA50: | 0.8973 | |
| MA100: | 0.8909 | |
| MAexp7: | 0.9064 | |
| MAexp20: | 0.9066 | |
| MAexp50: | 0.9069 | |
| MAexp100: | 0.9072 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +1.00% | |
| Price / MA100: | +1.73% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
Real time data
-
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
-
S&P 500 Volatility Should Settle if Risk Appetite is Set, AUDCAD a Top Watch
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AUD/CAD - 1H