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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 06/04/2024 (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
44%
11%
44%
My opinion
Bullish above 0.9068 CAD
My targets
0.9112 CAD (+0.0017)
0.9191 CAD (+0.0096)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.9068 CAD remains possible. It is advisable to trade AUD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.9068 CAD. The next bullish objective for buyers is set at 0.9112 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. PS: if there is a bearish break in the support located at 0.9068 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9

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 price is 0.9095 CAD. The price registered a decrease of -0.25% on the session with the lowest point at 0.9078 CAD and the highest point at 0.9125 CAD. The deviation from the price is +0.19% for the low point and -0.33% for the high point.

0.9078
0.9125
0.9095

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



Here is a more detailed summary of the historical variations registered by AUD/CAD:
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


Technical analysis of AUD/CAD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9047 0.9068 0.9094 0.9095 0.9112 0.9191 0.9511
Change (%) -0.53% -0.30% -0.01% - +0.19% +1.06% +4.57%
Change -0.0048 -0.0027 -0.0001 - +0.0017 +0.0096 +0.0416
Level Major Intermediate Minor - 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
Standard0.90060.90300.90740.90980.91420.91660.9210
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): 49.85
MACD (12,26,9): 0.0000
Directional Movement: 3.6087
AROON (14): -50.0000
DEMA (21): 0.9095
Parabolic SAR (0,02-0,02-0,2): 0.9080
Elder Ray (13): -0.0002
Super Trend (3,10): 0.9116
Zig ZAG (10): 0.9093
VORTEX (21): 0.8910
Stochastique (14,3,5): 49.03
TEMA (21): 0.9091
Williams %R (14): -46.67
Chande Momentum Oscillator (20): 0.0003
Repulse (5,40,3): 0.0071
ROCnROLL: 1
TRIX (15,9): 0.0001
Courbe Coppock: 0.21
MA7: 0.9081
MA20: 0.9072
MA50: 0.8975
MA100: 0.8910
MAexp7: 0.9093
MAexp20: 0.9095
MAexp50: 0.9091
MAexp100: 0.9085
Price / MA7: +0.15%
Price / MA20: +0.25%
Price / MA50: +1.34%
Price / MA100: +2.08%
Price / MAexp7: +0.02%
Price / MAexp20: -0%
Price / MAexp50: +0.04%
Price / MAexp100: +0.11%

Quotes : - Real time data - 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:

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

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