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:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 0.9094 CAD
My targets
0.9125 CAD (+0.0012)
0.9191 CAD (+0.0078)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/CAD as long as the price remains well above 0.9094 CAD. The buyers' bullish objective is set at 0.9125 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. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 0.9113 CAD. On the day, this instrument gained +0.02% and was traded between 0.9087 CAD and 0.9135 CAD over the period. The price is currently at +0.29% from its lowest and -0.24% from its highest.0.9087
0.9135
0.9113
Here is a more detailed summary of the historical variations registered by AUD/CAD:
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. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9068 | 0.9094 | 0.9112 | 0.9113 | 0.9125 | 0.9191 | 0.9511 |
| Change (%) | -0.49% | -0.21% | -0.01% | - | +0.13% | +0.86% | +4.37% |
| Change | -0.0045 | -0.0019 | -0.0001 | - | +0.0012 | +0.0078 | +0.0398 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.17 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 4.5196 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.9113 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9093 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.9122 | |
| Zig ZAG (10): | 0.9114 | |
| VORTEX (21): | 0.9953 | |
| Stochastique (14,3,5): | 74.51 | |
| TEMA (21): | 0.9114 | |
| Williams %R (14): | -20.59 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.0270 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9092 | |
| MA20: | 0.9079 | |
| MA50: | 0.8986 | |
| MA100: | 0.8915 | |
| MAexp7: | 0.9113 | |
| MAexp20: | 0.9110 | |
| MAexp50: | 0.9105 | |
| MAexp100: | 0.9098 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +2.22% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.16% |
Quotes :
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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
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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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