AUD/CAD - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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 (+0.0026)
0.9191 CAD (+0.0074)
My analysis
AUD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.9094 CAD. The next resistance located at 0.9143 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9191 CAD. After this resistance, buyers could then target 0.9511 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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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 rating is 0.9117 CAD. The price registered an increase of +0.07% on the session and was traded between 0.9087 CAD and 0.9135 CAD over the period. The price is currently at +0.33% from its lowest and -0.20% from its highest.0.9087
0.9135
0.9117
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9068 | 0.9094 | 0.9112 | 0.9117 | 0.9125 | 0.9191 | 0.9511 |
| Change (%) | -0.54% | -0.25% | -0.05% | - | +0.09% | +0.81% | +4.32% |
| Change | -0.0049 | -0.0023 | -0.0005 | - | +0.0008 | +0.0074 | +0.0394 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9061 | 0.9072 | 0.9092 | 0.9103 | 0.9123 | 0.9134 | 0.9154 |
| Camarilla | 0.9103 | 0.9105 | 0.9108 | 0.9111 | 0.9114 | 0.9117 | 0.9120 |
| Woodie | 0.9065 | 0.9074 | 0.9096 | 0.9105 | 0.9127 | 0.9136 | 0.9158 |
| Fibonacci | 0.9072 | 0.9084 | 0.9092 | 0.9103 | 0.9115 | 0.9123 | 0.9134 |
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): | 58.54 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 8.8746 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.9110 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9088 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 0.9122 | |
| Zig ZAG (10): | 0.9117 | |
| VORTEX (21): | 1.0613 | |
| Stochastique (14,3,5): | 82.01 | |
| TEMA (21): | 0.9110 | |
| Williams %R (14): | -8.82 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0707 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.9092 | |
| MA20: | 0.9079 | |
| MA50: | 0.8986 | |
| MA100: | 0.8915 | |
| MAexp7: | 0.9111 | |
| MAexp20: | 0.9107 | |
| MAexp50: | 0.9103 | |
| MAexp100: | 0.9097 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +2.27% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
Real time data
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Forex
News
The last news published on AUD/CAD at the time of the generation of this analysis was as follows:
-
AUD/CAD Forecast May 23, 2024
-
AUD/CAD Forecast January 6, 2023
-
S&P 500 Volatility Should Settle if Risk Appetite is Set, AUDCAD a Top Watch
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Australian Dollar China GDP Analysis: AUD/USD, AUD/JPY, GBP/AUD, AUD/CAD
-
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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