AUD/CAD - 1H - Technical analysis published on 06/03/2024 (GMT)
- 96
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
83%
6%
11%
My opinion
Bullish above 0.9068 CAD
My targets
0.9094 CAD (+0.0015)
0.9112 CAD (+0.0033)
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 0.9068 CAD. The next resistance located at 0.9094 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 0.9112 CAD. After this resistance, buyers could then target 0.9191 CAD.
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
6.4
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 rating is 0.9079 CAD. On the day, this instrument gained +0.13% and was between 0.9054 CAD and 0.9084 CAD. This implies that the price is at +0.28% from its lowest and at -0.06% from its highest.0.9054
0.9084
0.9079
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
A study of price movements over other periods shows the following variations:
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 bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9047 | 0.9063 | 0.9068 | 0.9079 | 0.9087 | 0.9094 | 0.9112 |
| Change (%) | -0.35% | -0.18% | -0.12% | - | +0.09% | +0.17% | +0.36% |
| Change | -0.0032 | -0.0016 | -0.0011 | - | +0.0008 | +0.0015 | +0.0033 |
| Level | Major | Minor | Intermediate | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.11 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 13.8155 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.9068 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9055 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 0.9087 | |
| Zig ZAG (10): | 0.9078 | |
| VORTEX (21): | 1.1005 | |
| Stochastique (14,3,5): | 86.59 | |
| TEMA (21): | 0.9070 | |
| Williams %R (14): | -17.24 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.1143 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.9070 | |
| MA20: | 0.9067 | |
| MA50: | 0.8970 | |
| MA100: | 0.8908 | |
| MAexp7: | 0.9071 | |
| MAexp20: | 0.9067 | |
| MAexp50: | 0.9069 | |
| MAexp100: | 0.9071 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.08% |
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