AUD/USD - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 0.6437 USD
My targets
0.6374 USD (-0.0050)
0.6294 USD (-0.0130)
My analysis
The bearish trend is currently very strong for AUD/USD. As long as the price remains below the resistance at 0.6437 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6374 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6294 USD as an objective. Crossing it would then enable sellers to target 0.6199 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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Additional analysis
Quotes
AUD/USD rating 0.6424 USD. On the day, this instrument lost -0.28% and was traded between 0.6408 USD and 0.6444 USD over the period. The price is currently at +0.25% from its lowest and -0.31% from its highest.0.6408
0.6444
0.6424
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 2 are neutral and 11 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6199 | 0.6294 | 0.6374 | 0.6424 | 0.6437 | 0.6453 | 0.6498 |
| Change (%) | -3.50% | -2.02% | -0.78% | - | +0.20% | +0.45% | +1.15% |
| Change | -0.0225 | -0.0130 | -0.0050 | - | +0.0013 | +0.0029 | +0.0074 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 0.6366 | 0.6401 | 0.6422 | 0.6457 | 0.6478 | 0.6513 | 0.6534 |
| Camarilla | 0.6427 | 0.6432 | 0.6437 | 0.6442 | 0.6447 | 0.6452 | 0.6457 |
| Woodie | 0.6358 | 0.6398 | 0.6414 | 0.6454 | 0.6470 | 0.6510 | 0.6526 |
| Fibonacci | 0.6401 | 0.6423 | 0.6436 | 0.6457 | 0.6479 | 0.6492 | 0.6513 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6209 | 0.6332 | 0.6398 | 0.6521 | 0.6587 | 0.6710 | 0.6776 |
| Camarilla | 0.6411 | 0.6428 | 0.6446 | 0.6463 | 0.6480 | 0.6498 | 0.6515 |
| Woodie | 0.6180 | 0.6318 | 0.6369 | 0.6507 | 0.6558 | 0.6696 | 0.6747 |
| Fibonacci | 0.6332 | 0.6405 | 0.6449 | 0.6521 | 0.6594 | 0.6638 | 0.6710 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6249 | 0.6363 | 0.6439 | 0.6553 | 0.6629 | 0.6743 | 0.6819 |
| Camarilla | 0.6462 | 0.6479 | 0.6497 | 0.6514 | 0.6531 | 0.6549 | 0.6566 |
| Woodie | 0.6229 | 0.6354 | 0.6419 | 0.6544 | 0.6609 | 0.6734 | 0.6799 |
| Fibonacci | 0.6363 | 0.6436 | 0.6481 | 0.6553 | 0.6626 | 0.6671 | 0.6743 |
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): | 32.75 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -16.4352 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 0.6423 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6431 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.6448 | |
| Zig ZAG (10): | 0.6427 | |
| VORTEX (21): | 0.7593 | |
| Stochastique (14,3,5): | 21.69 | |
| TEMA (21): | 0.6417 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | 0.1154 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0305 | |
| Courbe Coppock: | 1.29 |
| MA7: | 0.6516 | |
| MA20: | 0.6533 | |
| MA50: | 0.6540 | |
| MA100: | 0.6595 | |
| MAexp7: | 0.6425 | |
| MAexp20: | 0.6442 | |
| MAexp50: | 0.6468 | |
| MAexp100: | 0.6497 | |
| Price / MA7: | -1.41% | |
| Price / MA20: | -1.67% | |
| Price / MA50: | -1.77% | |
| Price / MA100: | -2.59% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -1.12% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on AUD/USD. At the time of publication of this analysis, the latest news was as follows:
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AUD/USD Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
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Weekly Technical Outlook: 15/04/2024 - GBPUSD, USDJPY, AUDUSD
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AUD/USD Forecast April 15, 2024
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AUD/USD Long Term Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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