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: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.9094 CAD
My targets
0.9143 CAD (+0.0038)
0.9191 CAD (+0.0086)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/CAD rating 0.9105 CAD. The price registered an increase of +0.42% on the session and was between 0.9054 CAD and 0.9113 CAD. This implies that the price is at +0.56% from its lowest and at -0.09% from its highest.

0.9054
0.9113
0.9105

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



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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


Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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 analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9068 0.9087 0.9094 0.9105 0.9112 0.9191 0.9511
Change (%) -0.41% -0.20% -0.12% - +0.08% +0.94% +4.46%
Change -0.0037 -0.0018 -0.0011 - +0.0007 +0.0086 +0.0406
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): 73.14
MACD (12,26,9): 0.0010
Directional Movement: 22.6825
AROON (14): 64.2857
DEMA (21): 0.9094
Parabolic SAR (0,02-0,02-0,2): 0.9079
Elder Ray (13): 0.0017
Super Trend (3,10): 0.9075
Zig ZAG (10): 0.9108
VORTEX (21): 1.2100
Stochastique (14,3,5): 86.21
TEMA (21): 0.9103
Williams %R (14): -8.62
Chande Momentum Oscillator (20): 0.0047
Repulse (5,40,3): 0.1373
ROCnROLL: 1
TRIX (15,9): 0.0081
Courbe Coppock: 0.76
MA7: 0.9074
MA20: 0.9069
MA50: 0.8970
MA100: 0.8908
MAexp7: 0.9098
MAexp20: 0.9083
MAexp50: 0.9076
MAexp100: 0.9074
Price / MA7: +0.34%
Price / MA20: +0.40%
Price / MA50: +1.51%
Price / MA100: +2.21%
Price / MAexp7: +0.08%
Price / MAexp20: +0.24%
Price / MAexp50: +0.32%
Price / MAexp100: +0.34%

Quotes : - Real time data - Forex

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

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