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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 06/03/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.9094 CAD
My targets
0.9143 CAD (+0.0037)
0.9191 CAD (+0.0085)
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 0.9094 CAD. The buyers' bullish objective is set at 0.9143 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9191 CAD. If there is any crossing, the next objective would be the resistance located at 0.9511 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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

The AUD/CAD rating is 0.9106 CAD. On the day, this instrument gained +0.43% and was between 0.9054 CAD and 0.9113 CAD. This implies that the price is at +0.57% from its lowest and at -0.08% from its highest.

0.9054
0.9113
0.9106

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

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


A technical analysis in 1H of this AUD/CAD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

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 0.9068 0.9087 0.9094 0.9106 0.9112 0.9191 0.9511
Change (%) -0.42% -0.21% -0.13% - +0.07% +0.93% +4.45%
Change -0.0038 -0.0019 -0.0012 - +0.0006 +0.0085 +0.0405
Level Intermediate Minor Intermediate - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90080.90300.90490.90710.90900.91120.9131
Camarilla0.90560.90600.90630.90670.90710.90750.9078
Woodie0.90060.90290.90470.90700.90880.91110.9129
Fibonacci0.90300.90460.90560.90710.90870.90970.9112


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89960.90230.90450.90720.90940.91210.9143
Camarilla0.90540.90580.90630.90670.90720.90760.9081
Woodie0.89940.90220.90430.90710.90920.91200.9141
Fibonacci0.90230.90420.90530.90720.90910.91020.9121


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87250.88170.89420.90340.91590.92510.9376
Camarilla0.90070.90270.90470.90670.90870.91070.9127
Woodie0.87420.88250.89590.90420.91760.92590.9393
Fibonacci0.88170.89000.89510.90340.91170.91680.9251

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): 74.13
MACD (12,26,9): 0.0007
Directional Movement: 25.7476
AROON (14): 64.2857
DEMA (21): 0.9083
Parabolic SAR (0,02-0,02-0,2): 0.9066
Elder Ray (13): 0.0022
Super Trend (3,10): 0.9069
Zig ZAG (10): 0.9105
VORTEX (21): 1.1840
Stochastique (14,3,5): 85.96
TEMA (21): 0.9090
Williams %R (14): -12.07
Chande Momentum Oscillator (20): 0.0047
Repulse (5,40,3): 0.2575
ROCnROLL: 1
TRIX (15,9): 0.0028
Courbe Coppock: 0.46
MA7: 0.9074
MA20: 0.9069
MA50: 0.8970
MA100: 0.8908
MAexp7: 0.9088
MAexp20: 0.9076
MAexp50: 0.9072
MAexp100: 0.9073
Price / MA7: +0.35%
Price / MA20: +0.41%
Price / MA50: +1.52%
Price / MA100: +2.22%
Price / MAexp7: +0.20%
Price / MAexp20: +0.33%
Price / MAexp50: +0.37%
Price / MAexp100: +0.36%

Quotes : - Real time data - Forex

News


The last news published on AUD/CAD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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