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 06/13/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.9112 CAD
My targets
0.9180 CAD (+0.0041)
0.9191 CAD (+0.0052)
My analysis
The basic bullish trend is very strong on AUD/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.9112 CAD. Crossing the first resistance at 0.9180 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.9191 CAD as an objective. Crossing it would then enable buyers to target 0.9511 CAD. Caution, a return to below 0.9112 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
6.1

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 0.9139 CAD. On the day, this instrument lost -0.03% and was traded between 0.9125 CAD and 0.9154 CAD over the period. The price is currently at +0.15% from its lowest and -0.16% from its highest.

0.9125
0.9154
0.9139

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of AUD/CAD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. 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


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9085 0.9112 0.9135 0.9139 0.9180 0.9191 0.9511
Change (%) -0.59% -0.30% -0.04% - +0.45% +0.57% +4.07%
Change -0.0054 -0.0027 -0.0004 - +0.0041 +0.0052 +0.0372
Level Major Major Minor - 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
Standard0.89830.90300.90860.91330.91890.92360.9292
Camarilla0.91140.91230.91330.91420.91510.91610.9170
Woodie0.89880.90320.90910.91350.91940.92380.9297
Fibonacci0.90300.90690.90940.91330.91720.91970.9236


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.02
MACD (12,26,9): 0.0006
Directional Movement: 9.2237
AROON (14): -78.5714
DEMA (21): 0.9145
Parabolic SAR (0,02-0,02-0,2): 0.9165
Elder Ray (13): 0.0001
Super Trend (3,10): 0.9170
Zig ZAG (10): 0.9141
VORTEX (21): 1.1268
Stochastique (14,3,5): 16.36
TEMA (21): 0.9141
Williams %R (14): -70.91
Chande Momentum Oscillator (20): 0.0001
Repulse (5,40,3): 0.0766
ROCnROLL: 1
TRIX (15,9): 0.0159
Courbe Coppock: 0.41
MA7: 0.9107
MA20: 0.9089
MA50: 0.9011
MA100: 0.8927
MAexp7: 0.9137
MAexp20: 0.9135
MAexp50: 0.9120
MAexp100: 0.9108
Price / MA7: +0.35%
Price / MA20: +0.55%
Price / MA50: +1.42%
Price / MA100: +2.37%
Price / MAexp7: +0.02%
Price / MAexp20: +0.04%
Price / MAexp50: +0.21%
Price / MAexp100: +0.34%

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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