AUD/USD - 1H - Technical analysis published on 04/26/2024 (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
56%
11%
33%
My opinion
Bullish above 0.6490 USD
My targets
0.6552 USD (+0.0013)
0.6631 USD (+0.0092)
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 0.6490 USD. The next resistance located at 0.6552 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 0.6631 USD. After this resistance, buyers could then target 0.6787 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.
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
7.5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD price is 0.6539 USD. The price registered an increase of +0.26% on the session with the lowest point at 0.6518 USD and the highest point at 0.6554 USD. The deviation from the price is +0.32% for the low point and -0.23% for the high point.0.6518
0.6554
0.6539
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
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 | 0.6411 | 0.6456 | 0.6490 | 0.6539 | 0.6552 | 0.6631 | 0.6787 |
| Change (%) | -1.96% | -1.27% | -0.75% | - | +0.20% | +1.41% | +3.79% |
| Change | -0.0128 | -0.0083 | -0.0049 | - | +0.0013 | +0.0092 | +0.0248 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | 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 | 0.6438 | 0.6461 | 0.6492 | 0.6515 | 0.6546 | 0.6569 | 0.6600 |
| Camarilla | 0.6507 | 0.6512 | 0.6517 | 0.6522 | 0.6527 | 0.6532 | 0.6537 |
| Woodie | 0.6441 | 0.6463 | 0.6495 | 0.6517 | 0.6549 | 0.6571 | 0.6603 |
| Fibonacci | 0.6461 | 0.6482 | 0.6495 | 0.6515 | 0.6536 | 0.6549 | 0.6569 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6224 | 0.6293 | 0.6355 | 0.6424 | 0.6486 | 0.6555 | 0.6617 |
| Camarilla | 0.6381 | 0.6393 | 0.6405 | 0.6417 | 0.6429 | 0.6441 | 0.6453 |
| Woodie | 0.6221 | 0.6291 | 0.6352 | 0.6422 | 0.6483 | 0.6553 | 0.6614 |
| Fibonacci | 0.6293 | 0.6343 | 0.6374 | 0.6424 | 0.6474 | 0.6505 | 0.6555 |
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 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): | 57.71 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 9.5309 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.6540 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6530 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.6515 | |
| Zig ZAG (10): | 0.6537 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 52.73 | |
| TEMA (21): | 0.6541 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0016 | |
| Repulse (5,40,3): | -0.0037 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0161 | |
| Courbe Coppock: | 0.66 |
| MA7: | 0.6477 | |
| MA20: | 0.6505 | |
| MA50: | 0.6533 | |
| MA100: | 0.6584 | |
| MAexp7: | 0.6538 | |
| MAexp20: | 0.6529 | |
| MAexp50: | 0.6515 | |
| MAexp100: | 0.6497 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.09% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.63% |
Quotes :
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Real time data
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Forex
News
The last news published on AUD/USD at the time of the generation of this analysis was as follows:
-
AUD/USD Daily Forecast and Technical Analysis for April 25, 2024, by Chris Lewis for FX Empire
-
AUD/USD Forecast April 26, 2024
-
AUD/USD Daily Forecast and Technical Analysis for April 24, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for April 23, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for April 22, 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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