Technical analysis for AUDCAD

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About AUDCAD

The AUDCAD pair is the abbreviation of the Australian dollar and the Canadian dollar. The highest trading activity of AUDCAD is observed during the Pacific session. The pair is considered a commodity as it combine the economies of Australia and Canada that depend on the export of minerals and raw materials. While the Canadian economy depends more on the value of Brent crude oil and sawnwood, the state of the Australian economy is based on world prices for premium wheat. The main trading partners of the countries-issuers of the pair currencies are the United States and Great Britain. When carrying out fundamental analysis of the pair, in addition to the main macroeconomic indicators of Australia and Canada (GDP and inflation level, interest rates and labor market data), one should take into account similar indicators of the United States. Despite the actual absence of the US national currency in AUDCAD pair, the US dollar is involved in the formation of its rate, which is manifested as a correlation with the charts of AUDUSD and USDCAD.