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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 06/11/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.9078 CAD
My targets
0.9112 CAD (+0.0024)
0.9125 CAD (+0.0037)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. 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 0.9078 CAD. The buyers' bullish objective 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 0.9125 CAD. If there is any crossing, the next objective would be the resistance located at 0.9135 CAD. If there is a bearish break in the support located at 0.9078 CAD some indecision would arise.

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
2.7

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 0.9088 CAD. On the day, this instrument lost -0.04% and was between 0.9074 CAD and 0.9094 CAD. This implies that the price is at +0.15% from its lowest and at -0.07% from its highest.

0.9074
0.9094
0.9088

Here is a more detailed summary of the historical variations registered by AUD/CAD:
The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this AUD/CAD chart shows a slightly bullish trend. Only 46.43% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

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. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9047 0.9063 0.9078 0.9088 0.9094 0.9112 0.9125
Change (%) -0.45% -0.28% -0.11% - +0.07% +0.26% +0.41%
Change -0.0041 -0.0025 -0.0010 - +0.0006 +0.0024 +0.0037
Level Major Minor Intermediate - Intermediate 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
Standard0.90120.90310.90610.90800.91100.91290.9159
Camarilla0.90790.90830.90880.90920.90970.91010.9106
Woodie0.90190.90340.90680.90830.91170.91320.9166
Fibonacci0.90310.90490.90610.90800.90980.91100.9129


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89360.89910.90260.90810.91160.91710.9206
Camarilla0.90370.90460.90540.90620.90700.90790.9087
Woodie0.89270.89860.90170.90760.91070.91660.9197
Fibonacci0.89910.90250.90460.90810.91150.91360.9171


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 52.57
MACD (12,26,9): 0.0001
Directional Movement: -1.6644
AROON (14): -50.0000
DEMA (21): 0.9088
Parabolic SAR (0,02-0,02-0,2): 0.9076
Elder Ray (13): -0.0001
Super Trend (3,10): 0.9072
Zig ZAG (10): 0.9088
VORTEX (21): 1.0530
Stochastique (14,3,5): 52.84
TEMA (21): 0.9089
Williams %R (14): -39.13
Chande Momentum Oscillator (20): -0.0005
Repulse (5,40,3): 0.0705
ROCnROLL: 1
TRIX (15,9): 0.0037
Courbe Coppock: 0.11
MA7: 0.9097
MA20: 0.9086
MA50: 0.9002
MA100: 0.8922
MAexp7: 0.9087
MAexp20: 0.9086
MAexp50: 0.9085
MAexp100: 0.9088
Price / MA7: -0.10%
Price / MA20: +0.02%
Price / MA50: +0.96%
Price / MA100: +1.86%
Price / MAexp7: +0.01%
Price / MAexp20: +0.02%
Price / MAexp50: +0.03%
Price / MAexp100: -0%

Quotes : - Real time data - Forex

News


The last news published on AUD/CAD at the time of the generation of this analysis was as follows:

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

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Londinia
Londinia AI

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