AUD/CAD - 1H - Technical analysis published on 06/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.9125 CAD
My targets
0.9191 CAD (+0.0051)
0.9206 CAD (+0.0066)
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 0.9125 CAD. The buyers' bullish objective is set at 0.9191 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9206 CAD. If there is any crossing, the next objective would be the resistance located at 0.9511 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CAD rating 0.9140 CAD. The price registered an increase of +0.56% on the session and was between 0.9077 CAD and 0.9180 CAD. This implies that the price is at +0.69% from its lowest and at -0.44% from its highest.0.9077
0.9180
0.9140
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
A technical analysis in 1H of this AUD/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
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 | 0.9112 | 0.9125 | 0.9135 | 0.9140 | 0.9191 | 0.9511 | 0.9733 |
| Change (%) | -0.31% | -0.16% | -0.05% | - | +0.56% | +4.06% | +6.49% |
| Change | -0.0028 | -0.0015 | -0.0005 | - | +0.0051 | +0.0371 | +0.0593 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9047 | 0.9060 | 0.9075 | 0.9088 | 0.9103 | 0.9116 | 0.9131 |
| Camarilla | 0.9081 | 0.9084 | 0.9086 | 0.9089 | 0.9092 | 0.9094 | 0.9097 |
| Woodie | 0.9047 | 0.9061 | 0.9075 | 0.9089 | 0.9103 | 0.9117 | 0.9131 |
| Fibonacci | 0.9060 | 0.9071 | 0.9078 | 0.9088 | 0.9099 | 0.9106 | 0.9116 |
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): | 57.64 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 9.7432 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.9152 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9125 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.9130 | |
| Zig ZAG (10): | 0.9139 | |
| VORTEX (21): | 1.1683 | |
| Stochastique (14,3,5): | 76.48 | |
| TEMA (21): | 0.9165 | |
| Williams %R (14): | -42.11 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | -0.2627 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0236 | |
| Courbe Coppock: | 1.39 |
| MA7: | 0.9100 | |
| MA20: | 0.9087 | |
| MA50: | 0.9007 | |
| MA100: | 0.8924 | |
| MAexp7: | 0.9151 | |
| MAexp20: | 0.9129 | |
| MAexp50: | 0.9109 | |
| MAexp100: | 0.9099 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | +1.48% | |
| Price / MA100: | +2.42% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.45% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on AUD/CAD at the time of the analysis were as follows:
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AUD/CAD Forecast May 23, 2024
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AUD/CAD Forecast January 6, 2023
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This member declared not having a position on this financial instrument or a related financial instrument.
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