AUD/USD - Daily - Technical analysis published on 01/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.6870 USD
My targets
0.7043 USD (+0.0136)
0.7122 USD (+0.0215)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/USD as long as the price remains well above 0.6870 USD. The buyers' bullish objective is set at 0.7043 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7122 USD. If there is any crossing, the next objective would be the resistance located at 0.7263 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by Tikeuz. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6907 USD. On the day, this instrument gained +0.20% with the lowest point at 0.6873 USD and the highest point at 0.6926 USD. The deviation from the price is +0.49% for the low point and -0.27% for the high point.0.6873
0.6926
0.6907
Here is a more detailed summary of the historical variations registered by AUD/USD:
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 AUD/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 0.6607 | 0.6731 | 0.6870 | 0.6907 | 0.7122 | 0.7263 | 0.7377 |
Change (%) | -4.34% | -2.55% | -0.54% | - | +3.11% | +5.15% | +6.80% |
Change | -0.0300 | -0.0176 | -0.0037 | - | +0.0215 | +0.0356 | +0.0470 |
Level | Minor | Major | Major | - | Major | Major | Intermediate |
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 |
---|---|---|---|---|---|---|---|
Standard | 0.6791 | 0.6826 | 0.6859 | 0.6894 | 0.6927 | 0.6962 | 0.6995 |
Camarilla | 0.6874 | 0.6881 | 0.6887 | 0.6893 | 0.6899 | 0.6906 | 0.6912 |
Woodie | 0.6791 | 0.6826 | 0.6859 | 0.6894 | 0.6927 | 0.6962 | 0.6995 |
Fibonacci | 0.6826 | 0.6852 | 0.6868 | 0.6894 | 0.6920 | 0.6936 | 0.6962 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6545 | 0.6616 | 0.6744 | 0.6815 | 0.6943 | 0.7014 | 0.7142 |
Camarilla | 0.6816 | 0.6835 | 0.6853 | 0.6871 | 0.6889 | 0.6908 | 0.6926 |
Woodie | 0.6573 | 0.6630 | 0.6772 | 0.6829 | 0.6971 | 0.7028 | 0.7170 |
Fibonacci | 0.6616 | 0.6692 | 0.6739 | 0.6815 | 0.6891 | 0.6938 | 0.7014 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6398 | 0.6513 | 0.6663 | 0.6778 | 0.6928 | 0.7043 | 0.7193 |
Camarilla | 0.6739 | 0.6763 | 0.6788 | 0.6812 | 0.6836 | 0.6861 | 0.6885 |
Woodie | 0.6415 | 0.6522 | 0.6680 | 0.6787 | 0.6945 | 0.7052 | 0.7210 |
Fibonacci | 0.6513 | 0.6615 | 0.6677 | 0.6778 | 0.6880 | 0.6942 | 0.7043 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 60.65 | |
MACD (12,26,9): | 0.0048 | |
Directional Movement: | 7.0418 | |
AROON (14): | 85.7143 | |
DEMA (21): | 0.6857 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6749 | |
Elder Ray (13): | 0.0077 | |
Super Trend (3,10): | 0.6621 | |
Zig ZAG (10): | 0.6904 | |
VORTEX (21): | 1.0672 | |
Stochastique (14,3,5): | 83.94 | |
TEMA (21): | 0.6870 | |
Williams %R (14): | -15.17 | |
Chande Momentum Oscillator (20): | 0.0161 | |
Repulse (5,40,3): | 0.7338 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0716 | |
Courbe Coppock: | 4.03 |
MA7: | 0.6841 | |
MA20: | 0.6769 | |
MA50: | 0.6716 | |
MA100: | 0.6635 | |
MAexp7: | 0.6858 | |
MAexp20: | 0.6797 | |
MAexp50: | 0.6727 | |
MAexp100: | 0.6723 | |
Price / MA7: | +0.96% | |
Price / MA20: | +2.04% | |
Price / MA50: | +2.84% | |
Price / MA100: | +4.10% | |
Price / MAexp7: | +0.71% | |
Price / MAexp20: | +1.62% | |
Price / MAexp50: | +2.68% | |
Price / MAexp100: | +2.74% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on AUD/USD at the time of the analysis were as follows:
-
AUD/USD Forecast January 12, 2023
-
AUDUSD Forecast for January 12, 2023 by FXEmpire
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AUDUSD Forecast for January 11, 2023 by FXEmpire
-
AUDUSD Forecast for January 10, 2023 by FXEmpire
-
AUD/USD Technical Analysis for the Week of January 09, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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