AUD/USD - 1H - Technical analysis published on 11/20/2023 (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
83%
0%
17%
My opinion
Bullish above 0.6498 USD
My targets
0.6542 USD (+0.0009)
0.6576 USD (+0.0043)
My analysis
AUD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6498 USD. The next resistance located at 0.6542 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6576 USD. After this resistance, buyers could then target 0.6648 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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This analysis was given by CarelB. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6533 USD. The price registered an increase of +0.28% on the session and was traded between 0.6494 USD and 0.6536 USD over the period. The price is currently at +0.60% from its lowest and -0.05% from its highest.0.6494
0.6536
0.6533
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 this 1H chart of AUD/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 0.6434 | 0.6452 | 0.6498 | 0.6533 | 0.6542 | 0.6576 | 0.6648 |
| Change (%) | -1.52% | -1.24% | -0.54% | - | +0.14% | +0.66% | +1.76% |
| Change | -0.0099 | -0.0081 | -0.0035 | - | +0.0009 | +0.0043 | +0.0115 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
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 | 0.6409 | 0.6430 | 0.6473 | 0.6494 | 0.6537 | 0.6558 | 0.6601 |
| Camarilla | 0.6497 | 0.6503 | 0.6509 | 0.6515 | 0.6521 | 0.6527 | 0.6533 |
| Woodie | 0.6419 | 0.6436 | 0.6483 | 0.6500 | 0.6547 | 0.6564 | 0.6611 |
| Fibonacci | 0.6430 | 0.6455 | 0.6470 | 0.6494 | 0.6519 | 0.6534 | 0.6558 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6202 | 0.6276 | 0.6395 | 0.6469 | 0.6588 | 0.6662 | 0.6781 |
| Camarilla | 0.6462 | 0.6480 | 0.6497 | 0.6515 | 0.6533 | 0.6550 | 0.6568 |
| Woodie | 0.6226 | 0.6287 | 0.6419 | 0.6480 | 0.6612 | 0.6673 | 0.6805 |
| Fibonacci | 0.6276 | 0.6349 | 0.6395 | 0.6469 | 0.6542 | 0.6588 | 0.6662 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6081 | 0.6176 | 0.6256 | 0.6351 | 0.6431 | 0.6526 | 0.6606 |
| Camarilla | 0.6289 | 0.6305 | 0.6321 | 0.6337 | 0.6353 | 0.6369 | 0.6385 |
| Woodie | 0.6075 | 0.6172 | 0.6250 | 0.6347 | 0.6425 | 0.6522 | 0.6600 |
| Fibonacci | 0.6176 | 0.6243 | 0.6284 | 0.6351 | 0.6418 | 0.6459 | 0.6526 |
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): | 66.75 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 4.0206 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.6517 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6499 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 0.6485 | |
| Zig ZAG (10): | 0.6526 | |
| VORTEX (21): | 1.1661 | |
| Stochastique (14,3,5): | 83.98 | |
| TEMA (21): | 0.6523 | |
| Williams %R (14): | -2.44 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | 0.3136 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0185 | |
| Courbe Coppock: | 0.65 |
| MA7: | 0.6487 | |
| MA20: | 0.6424 | |
| MA50: | 0.6400 | |
| MA100: | 0.6485 | |
| MAexp7: | 0.6516 | |
| MAexp20: | 0.6505 | |
| MAexp50: | 0.6493 | |
| MAexp100: | 0.6476 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +1.70% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.88% |
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 Technical Analysis for the Week of November 20, 2023 by FXEmpire
-
AUD/USD Forecast for November 20, 2023 by FXEmpire
-
AUD/USD Forecast for November 17, 2023 by FXEmpire
-
Technical Analysis: 16/11/2023 - AUDUSD pulls back from a 3-month high
-
AUD/USD Forecast for November 16, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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