AUD/CAD - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 0.9078 CAD
My targets
0.9112 CAD (+0.0023)
0.9125 CAD (+0.0036)
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 0.9078 CAD. The next resistance located at 0.9112 CAD is the next bullish target 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 0.9125 CAD. After this resistance, buyers could then target 0.9135 CAD.
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
3.9
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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 0.9089 CAD. The price is lower by -0.03% since the last closing with the lowest point at 0.9074 CAD and the highest point at 0.9102 CAD. The deviation from the price is +0.17% for the low point and -0.14% for the high point.0.9074
0.9102
0.9089
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.9047 | 0.9063 | 0.9078 | 0.9089 | 0.9094 | 0.9112 | 0.9125 |
| Change (%) | -0.46% | -0.29% | -0.12% | - | +0.06% | +0.25% | +0.40% |
| Change | -0.0042 | -0.0026 | -0.0011 | - | +0.0005 | +0.0023 | +0.0036 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9012 | 0.9031 | 0.9061 | 0.9080 | 0.9110 | 0.9129 | 0.9159 |
| Camarilla | 0.9079 | 0.9083 | 0.9088 | 0.9092 | 0.9097 | 0.9101 | 0.9106 |
| Woodie | 0.9019 | 0.9034 | 0.9068 | 0.9083 | 0.9117 | 0.9132 | 0.9166 |
| Fibonacci | 0.9031 | 0.9049 | 0.9061 | 0.9080 | 0.9098 | 0.9110 | 0.9129 |
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): | 52.72 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.9078 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 0.9088 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9100 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.9072 | |
| Zig ZAG (10): | 0.9089 | |
| VORTEX (21): | 0.9708 | |
| Stochastique (14,3,5): | 47.22 | |
| TEMA (21): | 0.9089 | |
| Williams %R (14): | -58.33 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0035 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0021 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.9097 | |
| MA20: | 0.9086 | |
| MA50: | 0.9002 | |
| MA100: | 0.8922 | |
| MAexp7: | 0.9088 | |
| MAexp20: | 0.9087 | |
| MAexp50: | 0.9086 | |
| MAexp100: | 0.9088 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.01% |
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:
-
AUD/CAD Forecast May 23, 2024
-
AUD/CAD Forecast January 6, 2023
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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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