AUD/CAD - 1H - Technical analysis published on 06/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.9094 CAD
My targets
0.9047 CAD (-0.0023)
0.8991 CAD (-0.0079)
My analysis
With a strongly bearish trend, the price of AUD/CAD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.9094 CAD remains possible. It would be possible for traders to only trade short positions (for sale) on AUD/CAD as long as the price remains well below 0.9094 CAD. The next bearish objective for sellers is set at 0.9047 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8991 CAD. In case of crossing, the next objective would be the support located at 0.8931 CAD.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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Additional analysis
Quotes
The AUD/CAD rating is 0.9070 CAD. On the day, this instrument gained +0.09% and was traded between 0.9049 CAD and 0.9078 CAD over the period. The price is currently at +0.23% from its lowest and -0.09% from its highest.0.9049
0.9078
0.9070
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/CAD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.8931 | 0.9047 | 0.9061 | 0.9070 | 0.9078 | 0.9094 | 0.9108 |
| Change (%) | -1.53% | -0.25% | -0.10% | - | +0.09% | +0.26% | +0.42% |
| Change | -0.0139 | -0.0023 | -0.0009 | - | +0.0008 | +0.0024 | +0.0038 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Minor |
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 | 0.8943 | 0.8994 | 0.9028 | 0.9079 | 0.9113 | 0.9164 | 0.9198 |
| Camarilla | 0.9039 | 0.9046 | 0.9054 | 0.9062 | 0.9070 | 0.9078 | 0.9085 |
| Woodie | 0.8935 | 0.8990 | 0.9020 | 0.9075 | 0.9105 | 0.9160 | 0.9190 |
| Fibonacci | 0.8994 | 0.9027 | 0.9047 | 0.9079 | 0.9112 | 0.9132 | 0.9164 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8936 | 0.8991 | 0.9026 | 0.9081 | 0.9116 | 0.9171 | 0.9206 |
| Camarilla | 0.9037 | 0.9046 | 0.9054 | 0.9062 | 0.9070 | 0.9079 | 0.9087 |
| Woodie | 0.8927 | 0.8986 | 0.9017 | 0.9076 | 0.9107 | 0.9166 | 0.9197 |
| Fibonacci | 0.8991 | 0.9025 | 0.9046 | 0.9081 | 0.9115 | 0.9136 | 0.9171 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.09 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -1.5554 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 0.9059 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9047 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9084 | |
| Zig ZAG (10): | 0.9072 | |
| VORTEX (21): | 0.8043 | |
| Stochastique (14,3,5): | 87.36 | |
| TEMA (21): | 0.9060 | |
| Williams %R (14): | -13.79 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | 0.1180 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0187 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.9091 | |
| MA20: | 0.9082 | |
| MA50: | 0.8996 | |
| MA100: | 0.8919 | |
| MAexp7: | 0.9068 | |
| MAexp20: | 0.9071 | |
| MAexp50: | 0.9084 | |
| MAexp100: | 0.9089 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +1.69% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.21% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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