AUD/CAD
AUD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDCAD
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AUD/CAD - 1H - Technical analysis published on 06/12/2024 (GMT)

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

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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

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.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.90470.90600.90750.90880.91030.91160.9131
Camarilla0.90810.90840.90860.90890.90920.90940.9097
Woodie0.90470.90610.90750.90890.91030.91170.9131
Fibonacci0.90600.90710.90780.90880.90990.91060.9116


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): 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

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

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