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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 06/05/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.9078 CAD
My targets
0.9115 CAD (+0.0013)
0.9125 CAD (+0.0023)
My analysis
The bullish trend is currently very strong on AUD/CAD. As long as the price remains above the support at 0.9078 CAD, you could try to benefit from the boom. The first bullish objective is located at 0.9115 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9125 CAD as an objective. Crossing it would then enable buyers to target 0.9191 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
5.9

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 0.9102 CAD. On the day, this instrument gained +0.14% with the lowest point at 0.9084 CAD and the highest point at 0.9115 CAD. The deviation from the price is +0.20% for the low point and -0.14% for the high point.

0.9084
0.9115
0.9102

Here is a more detailed summary of the historical variations registered by AUD/CAD:
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 strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

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 : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel 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 0.9078 0.9098 0.9102 0.9115 0.9125 0.9191
Change (%) -0.37% -0.26% -0.04% - +0.14% +0.25% +0.98%
Change -0.0034 -0.0024 -0.0004 - +0.0013 +0.0023 +0.0089
Level Intermediate Minor Major - Minor Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90230.90500.90700.90970.91170.91440.9164
Camarilla0.90760.90800.90850.90890.90930.90980.9102
Woodie0.90190.90480.90660.90950.91130.91420.9160
Fibonacci0.90500.90680.90790.90970.91150.91260.9144


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): 50.58
MACD (12,26,9): 0.0001
Directional Movement: 6.9712
AROON (14): 14.2857
DEMA (21): 0.9100
Parabolic SAR (0,02-0,02-0,2): 0.9086
Elder Ray (13): 0.0001
Super Trend (3,10): 0.9115
Zig ZAG (10): 0.9099
VORTEX (21): 1.0323
Stochastique (14,3,5): 53.76
TEMA (21): 0.9099
Williams %R (14): -48.39
Chande Momentum Oscillator (20): -0.0005
Repulse (5,40,3): -0.0130
ROCnROLL: -1
TRIX (15,9): 0.0011
Courbe Coppock: 0.05
MA7: 0.9084
MA20: 0.9075
MA50: 0.8980
MA100: 0.8913
MAexp7: 0.9099
MAexp20: 0.9099
MAexp50: 0.9095
MAexp100: 0.9089
Price / MA7: +0.20%
Price / MA20: +0.30%
Price / MA50: +1.36%
Price / MA100: +2.12%
Price / MAexp7: +0.02%
Price / MAexp20: +0.02%
Price / MAexp50: +0.07%
Price / MAexp100: +0.13%

Quotes : - Real time data - Forex

News


The latest news and videos published on AUD/CAD at the time of the analysis were as follows:

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

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