AUD/CAD - 1H - Technical analysis published on 06/03/2024 (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
22%
50%
28%
My opinion
Bearish under 0.9068 CAD
My targets
0.9047 CAD (-0.0011)
0.8996 CAD (-0.0062)
My analysis
The bearish trend is currently very strong for AUD/CAD. As long as the price remains below the resistance at 0.9068 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9047 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8996 CAD as an objective. Crossing it would then enable sellers to target 0.8931 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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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 rating is 0.9058 CAD. On the day, this instrument lost -0.10% and was traded between 0.9054 CAD and 0.9071 CAD over the period. The price is currently at +0.04% from its lowest and -0.14% from its highest.0.9054
0.9071
0.9058
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of AUD/CAD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
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 | 0.8807 | 0.8931 | 0.9047 | 0.9058 | 0.9063 | 0.9068 | 0.9087 |
| Change (%) | -2.77% | -1.40% | -0.12% | - | +0.06% | +0.11% | +0.32% |
| Change | -0.0251 | -0.0127 | -0.0011 | - | +0.0005 | +0.0010 | +0.0029 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
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 | 0.9008 | 0.9030 | 0.9049 | 0.9071 | 0.9090 | 0.9112 | 0.9131 |
| Camarilla | 0.9056 | 0.9060 | 0.9063 | 0.9067 | 0.9071 | 0.9075 | 0.9078 |
| Woodie | 0.9006 | 0.9029 | 0.9047 | 0.9070 | 0.9088 | 0.9111 | 0.9129 |
| Fibonacci | 0.9030 | 0.9046 | 0.9056 | 0.9071 | 0.9087 | 0.9097 | 0.9112 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.56 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -2.8685 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 0.9065 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9072 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9088 | |
| Zig ZAG (10): | 0.9060 | |
| VORTEX (21): | 0.9687 | |
| Stochastique (14,3,5): | 41.60 | |
| TEMA (21): | 0.9064 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0494 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9067 | |
| MA20: | 0.9067 | |
| MA50: | 0.8970 | |
| MA100: | 0.8908 | |
| MAexp7: | 0.9065 | |
| MAexp20: | 0.9067 | |
| MAexp50: | 0.9069 | |
| MAexp100: | 0.9072 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.10% | |
| Price / MA50: | +0.98% | |
| Price / MA100: | +1.68% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
Real time data
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Forex
News
The last news published on AUD/CAD at the time of the generation of this analysis was 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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