AUD/USD - 1H - Technical analysis published on 01/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.6948 USD
My targets
0.6984 USD (+0.0024)
0.7019 USD (+0.0059)
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 0.6948 USD. The buyers' bullish objective is set at 0.6984 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7019 USD. If there is any crossing, the next objective would be the resistance located at 0.7036 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by shaunkc. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6960 USD. On the day, this instrument gained +0.69% and was between 0.6906 USD and 0.6974 USD. This implies that the price is at +0.78% from its lowest and at -0.20% from its highest.0.6906
0.6974
0.6960
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
A technical analysis in 1H of this AUD/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.6915 | 0.6930 | 0.6948 | 0.6960 | 0.6984 | 0.7019 | 0.7036 |
| Change (%) | -0.65% | -0.43% | -0.17% | - | +0.34% | +0.85% | +1.09% |
| Change | -0.0045 | -0.0030 | -0.0012 | - | +0.0024 | +0.0059 | +0.0076 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 0.6851 | 0.6879 | 0.6919 | 0.6947 | 0.6987 | 0.7015 | 0.7055 |
| Camarilla | 0.6941 | 0.6948 | 0.6954 | 0.6960 | 0.6966 | 0.6973 | 0.6979 |
| Woodie | 0.6858 | 0.6882 | 0.6926 | 0.6950 | 0.6994 | 0.7018 | 0.7062 |
| Fibonacci | 0.6879 | 0.6905 | 0.6921 | 0.6947 | 0.6973 | 0.6989 | 0.7015 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6675 | 0.6773 | 0.6867 | 0.6965 | 0.7059 | 0.7157 | 0.7251 |
| Camarilla | 0.6907 | 0.6925 | 0.6942 | 0.6960 | 0.6978 | 0.6995 | 0.7013 |
| Woodie | 0.6672 | 0.6772 | 0.6864 | 0.6964 | 0.7056 | 0.7156 | 0.7248 |
| Fibonacci | 0.6773 | 0.6847 | 0.6892 | 0.6965 | 0.7039 | 0.7084 | 0.7157 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.97 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 9.3835 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 0.6956 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6922 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 0.6922 | |
| Zig ZAG (10): | 0.6960 | |
| VORTEX (21): | 1.1536 | |
| Stochastique (14,3,5): | 88.54 | |
| TEMA (21): | 0.6969 | |
| Williams %R (14): | -21.88 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | -0.1037 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0183 | |
| Courbe Coppock: | 0.90 |
| MA7: | 0.6958 | |
| MA20: | 0.6860 | |
| MA50: | 0.6781 | |
| MA100: | 0.6641 | |
| MAexp7: | 0.6959 | |
| MAexp20: | 0.6943 | |
| MAexp50: | 0.6937 | |
| MAexp100: | 0.6941 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +1.46% | |
| Price / MA50: | +2.64% | |
| Price / MA100: | +4.80% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.27% |
Quotes :
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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 Technical Analysis for the Week of January 23, 2023 by FXEmpire
-
AUDUSD Forecast for January 23, 2023 by FXEmpire
-
AUD/USD Forecast January 20, 2023
-
AUDUSD Forecast for January 20, 2023 by FXEmpire
-
Technical Analysis: 19/01/2023 - AUDUSD retraces lower as advance falters around 5-month peak
This member declared not having a position on this financial instrument or a related financial instrument.
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