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 01/21/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.8965 CAD
My targets
0.8915 CAD (-0.0035)
0.8866 CAD (-0.0084)
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 0.8965 CAD. The sellers” bearish objective is set at 0.8915 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8866 CAD. In case of crossing, the next objective would be the support located at 0.8812 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.3

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/CAD rating 0.8950 CAD. The price is lower by -0.21% since the last closing and was traded between 0.8945 CAD and 0.8979 CAD over the period. The price is currently at +0.06% from its lowest and -0.32% from its highest.

0.8945
0.8979
0.8950

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (5 years)

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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8812 0.8866 0.8915 0.8950 0.8954 0.8965 0.8980
Change (%) -1.54% -0.94% -0.39% - +0.04% +0.17% +0.34%
Change -0.0138 -0.0084 -0.0035 - +0.0004 +0.0015 +0.0030
Level Intermediate Intermediate Major - Major Minor Major



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
Standard0.89070.89300.89500.89730.89930.90160.9036
Camarilla0.89570.89610.89650.89690.89730.89770.8981
Woodie0.89050.89290.89480.89720.89910.90150.9034
Fibonacci0.89300.89470.89570.89730.89900.90000.9016


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88990.89390.89600.90000.90210.90610.9082
Camarilla0.89650.89710.89760.89820.89880.89930.8999
Woodie0.88910.89340.89520.89950.90130.90560.9074
Fibonacci0.89390.89620.89760.90000.90230.90370.9061


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88310.89040.90040.90770.91770.92500.9350
Camarilla0.90550.90710.90870.91030.91190.91350.9151
Woodie0.88440.89110.90170.90840.91900.92570.9363
Fibonacci0.89040.89700.90110.90770.91430.91840.9250

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): 39.57
MACD (12,26,9): -0.0005
Directional Movement: -9.2330
AROON (14): -57.1428
DEMA (21): 0.8951
Parabolic SAR (0,02-0,02-0,2): 0.8971
Elder Ray (13): -0.0007
Super Trend (3,10): 0.8973
Zig ZAG (10): 0.8950
VORTEX (21): 0.9670
Stochastique (14,3,5): 12.92
TEMA (21): 0.8950
Williams %R (14): -88.24
Chande Momentum Oscillator (20): -0.0012
Repulse (5,40,3): -0.0287
ROCnROLL: 2
TRIX (15,9): -0.0067
Courbe Coppock: 0.21
MA7: 0.8988
MA20: 0.9028
MA50: 0.9034
MA100: 0.9018
MAexp7: 0.8952
MAexp20: 0.8958
MAexp50: 0.8968
MAexp100: 0.8978
Price / MA7: -0.42%
Price / MA20: -0.86%
Price / MA50: -0.93%
Price / MA100: -0.75%
Price / MAexp7: -0.02%
Price / MAexp20: -0.09%
Price / MAexp50: -0.20%
Price / MAexp100: -0.31%

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

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