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 06/04/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 0.9068 CAD
My targets
0.9112 CAD (+0.0019)
0.9191 CAD (+0.0098)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CAD. As long as you are above the support located at 0.9068 CAD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.9112 CAD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.9191 CAD as an objective. Crossing it would then enable buyers to target 0.9511 CAD. If the support 0.9068 CAD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5

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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 price is 0.9093 CAD. The price is lower by -0.27% since the last closing with the lowest point at 0.9078 CAD and the highest point at 0.9125 CAD. The deviation from the price is +0.17% for the low point and -0.35% for the high point.

0.9078
0.9125
0.9093

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8931 0.9047 0.9068 0.9093 0.9094 0.9112 0.9191
Change (%) -1.78% -0.51% -0.27% - +0.01% +0.21% +1.08%
Change -0.0162 -0.0046 -0.0025 - +0.0001 +0.0019 +0.0098
Level Intermediate Major Intermediate - Minor Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90060.90300.90740.90980.91420.91660.9210
Camarilla0.90990.91060.91120.91180.91240.91310.9137
Woodie0.90160.90350.90840.91030.91520.91710.9220
Fibonacci0.90300.90560.90720.90980.91240.91400.9166


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): 49.17
MACD (12,26,9): -0.0001
Directional Movement: 3.4918
AROON (14): -64.2857
DEMA (21): 0.9095
Parabolic SAR (0,02-0,02-0,2): 0.9078
Elder Ray (13): -0.0001
Super Trend (3,10): 0.9116
Zig ZAG (10): 0.9094
VORTEX (21): 0.9095
Stochastique (14,3,5): 36.94
TEMA (21): 0.9089
Williams %R (14): -56.76
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): 0.0331
ROCnROLL: 1
TRIX (15,9): 0.0022
Courbe Coppock: 0.45
MA7: 0.9081
MA20: 0.9072
MA50: 0.8975
MA100: 0.8910
MAexp7: 0.9092
MAexp20: 0.9095
MAexp50: 0.9090
MAexp100: 0.9084
Price / MA7: +0.13%
Price / MA20: +0.23%
Price / MA50: +1.31%
Price / MA100: +2.05%
Price / MAexp7: +0.01%
Price / MAexp20: -0.02%
Price / MAexp50: +0.03%
Price / MAexp100: +0.10%

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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