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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 08/05/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.8997 CAD
My targets
0.8973 CAD (-0.0010)
0.8928 CAD (-0.0055)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CAD. As long as you are under the resistance located at 0.8997 CAD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.8973 CAD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.8928 CAD as an objective. Crossing it would then enable sellers to target 0.8807 CAD. If the resistance 0.8997 CAD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5

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.

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

Additional analysis

Quotes

AUD/CAD rating 0.8983 CAD. The price registered a decrease of -0.50% on the session and was between 0.8854 CAD and 0.9049 CAD. This implies that the price is at +1.46% from its lowest and at -0.73% from its highest.

0.8854
0.9049
0.8983

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of AUD/CAD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

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



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8807 0.8928 0.8973 0.8983 0.8997 0.9022 0.9047
Change (%) -1.96% -0.61% -0.11% - +0.16% +0.43% +0.71%
Change -0.0176 -0.0055 -0.0010 - +0.0014 +0.0039 +0.0064
Level Intermediate Major Minor - Intermediate Intermediate Major



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
Standard0.89410.89730.90000.90320.90590.90910.9118
Camarilla0.90120.90170.90230.90280.90330.90390.9044
Woodie0.89400.89720.89990.90310.90580.90900.9117
Fibonacci0.89730.89950.90090.90320.90540.90680.9091


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88600.89170.89720.90290.90840.91410.9196
Camarilla0.89970.90080.90180.90280.90380.90490.9059
Woodie0.88600.89170.89720.90290.90840.91410.9196
Fibonacci0.89170.89600.89860.90290.90720.90980.9141


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86300.88020.89210.90930.92120.93840.9503
Camarilla0.89610.89880.90140.90410.90680.90940.9121
Woodie0.86050.87890.88960.90800.91870.93710.9478
Fibonacci0.88020.89130.89820.90930.92040.92730.9384

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): 50.56
MACD (12,26,9): -0.0020
Directional Movement: -11.2248
AROON (14): -28.5714
DEMA (21): 0.8950
Parabolic SAR (0,02-0,02-0,2): 0.8857
Elder Ray (13): 0.0016
Super Trend (3,10): 0.8877
Zig ZAG (10): 0.8987
VORTEX (21): 0.8780
Stochastique (14,3,5): 59.97
TEMA (21): 0.8939
Williams %R (14): -20.23
Chande Momentum Oscillator (20): -0.0023
Repulse (5,40,3): 0.7322
ROCnROLL: -1
TRIX (15,9): -0.0331
Courbe Coppock: 1.65
MA7: 0.9038
MA20: 0.9125
MA50: 0.9117
MA100: 0.9034
MAexp7: 0.8959
MAexp20: 0.8975
MAexp50: 0.9000
MAexp100: 0.9018
Price / MA7: -0.61%
Price / MA20: -1.56%
Price / MA50: -1.47%
Price / MA100: -0.56%
Price / MAexp7: +0.27%
Price / MAexp20: +0.09%
Price / MAexp50: -0.19%
Price / MAexp100: -0.39%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on AUD/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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