AUD/CAD - 1H - Technical analysis published on 07/04/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.8928 CAD
My targets
0.8909 CAD (-0.0010)
0.8863 CAD (-0.0056)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/CAD as long as the price remains well below 0.8928 CAD. The sellers' bearish objective is set at 0.8909 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8863 CAD. In case of crossing, the next objective would be the support located at 0.8750 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.6
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This analysis was given by balwinder35. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/CAD rating is 0.8919 CAD. The price is lower by -0.09% since the last closing and was between 0.8914 CAD and 0.8931 CAD. This implies that the price is at +0.06% from its lowest and at -0.13% from its highest.0.8914
0.8931
0.8919
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.8863 | 0.8902 | 0.8909 | 0.8919 | 0.8928 | 0.8946 | 0.8962 |
Change (%) | -0.63% | -0.19% | -0.11% | - | +0.10% | +0.30% | +0.48% |
Change | -0.0056 | -0.0017 | -0.0010 | - | +0.0009 | +0.0027 | +0.0043 |
Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8860 | 0.8881 | 0.8904 | 0.8925 | 0.8948 | 0.8969 | 0.8992 |
Camarilla | 0.8915 | 0.8919 | 0.8923 | 0.8927 | 0.8931 | 0.8935 | 0.8939 |
Woodie | 0.8861 | 0.8882 | 0.8905 | 0.8926 | 0.8949 | 0.8970 | 0.8993 |
Fibonacci | 0.8881 | 0.8898 | 0.8908 | 0.8925 | 0.8942 | 0.8952 | 0.8969 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8659 | 0.8724 | 0.8831 | 0.8896 | 0.9003 | 0.9068 | 0.9175 |
Camarilla | 0.8890 | 0.8906 | 0.8921 | 0.8937 | 0.8953 | 0.8969 | 0.8984 |
Woodie | 0.8679 | 0.8735 | 0.8851 | 0.8907 | 0.9023 | 0.9079 | 0.9195 |
Fibonacci | 0.8724 | 0.8790 | 0.8831 | 0.8896 | 0.8962 | 0.9003 | 0.9068 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8659 | 0.8725 | 0.8836 | 0.8902 | 0.9013 | 0.9079 | 0.9190 |
Camarilla | 0.8899 | 0.8916 | 0.8932 | 0.8948 | 0.8964 | 0.8981 | 0.8997 |
Woodie | 0.8683 | 0.8736 | 0.8860 | 0.8913 | 0.9037 | 0.9090 | 0.9214 |
Fibonacci | 0.8725 | 0.8792 | 0.8834 | 0.8902 | 0.8969 | 0.9011 | 0.9079 |
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): | 46.02 | |
MACD (12,26,9): | -0.0005 | |
Directional Movement: | -8.9391 | |
AROON (14): | -14.2857 | |
DEMA (21): | 0.8919 | |
Parabolic SAR (0,02-0,02-0,2): | 0.8937 | |
Elder Ray (13): | 0.0003 | |
Super Trend (3,10): | 0.8944 | |
Zig ZAG (10): | 0.8925 | |
VORTEX (21): | 0.9909 | |
Stochastique (14,3,5): | 65.46 | |
TEMA (21): | 0.8920 | |
Williams %R (14): | -38.24 | |
Chande Momentum Oscillator (20): | 0.0009 | |
Repulse (5,40,3): | -0.0538 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0113 | |
Courbe Coppock: | 0.22 |
MA7: | 0.8941 | |
MA20: | 0.8907 | |
MA50: | 0.8908 | |
MA100: | 0.8926 | |
MAexp7: | 0.8924 | |
MAexp20: | 0.8926 | |
MAexp50: | 0.8936 | |
MAexp100: | 0.8938 | |
Price / MA7: | -0.25% | |
Price / MA20: | +0.13% | |
Price / MA50: | +0.12% | |
Price / MA100: | -0.08% | |
Price / MAexp7: | -0.06% | |
Price / MAexp20: | -0.08% | |
Price / MAexp50: | -0.19% | |
Price / MAexp100: | -0.21% |
Quotes :
-
Real time data
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Forex
News
The last news published on AUD/CAD at the time of the generation of this analysis was as follows:
-
AUD/CAD Price Outlook - Can the Aussie Continue to Pick Itself Up Against the Loonie?
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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