AUD/CAD - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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:
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.
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
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9006 | 0.9030 | 0.9074 | 0.9098 | 0.9142 | 0.9166 | 0.9210 |
| Camarilla | 0.9099 | 0.9106 | 0.9112 | 0.9118 | 0.9124 | 0.9131 | 0.9137 |
| Woodie | 0.9016 | 0.9035 | 0.9084 | 0.9103 | 0.9152 | 0.9171 | 0.9220 |
| Fibonacci | 0.9030 | 0.9056 | 0.9072 | 0.9098 | 0.9124 | 0.9140 | 0.9166 |
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): | 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 :
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Real time data
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Forex
News
Don't forget to follow the news on AUD/CAD. At the time of publication of this analysis, the latest news 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 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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