AUD/USD - 1H - Technical analysis published on 05/14/2024 (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
67%
11%
22%
My opinion
Bullish above 0.6606 USD
My targets
0.6629 USD (+0.0011)
0.6650 USD (+0.0032)
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 0.6606 USD. The buyers' bullish objective is set at 0.6629 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6650 USD. If there is any crossing, the next objective would be the resistance located at 0.6675 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/USD rating 0.6618 USD. On the day, this instrument gained +0.11% and was between 0.6580 USD and 0.6628 USD. This implies that the price is at +0.58% from its lowest and at -0.15% from its highest.0.6580
0.6628
0.6618
Here is a more detailed summary of the historical variations registered by AUD/USD:
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
Technical analysis of AUD/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 0.6552 | 0.6586 | 0.6606 | 0.6618 | 0.6629 | 0.6650 | 0.6675 |
| Change (%) | -1.00% | -0.48% | -0.18% | - | +0.17% | +0.48% | +0.86% |
| Change | -0.0066 | -0.0032 | -0.0012 | - | +0.0011 | +0.0032 | +0.0057 |
| Level | Intermediate | Major | Minor | - | Major | Minor | 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 | 0.6545 | 0.6566 | 0.6588 | 0.6609 | 0.6631 | 0.6652 | 0.6674 |
| Camarilla | 0.6599 | 0.6603 | 0.6607 | 0.6611 | 0.6615 | 0.6619 | 0.6623 |
| Woodie | 0.6547 | 0.6566 | 0.6590 | 0.6609 | 0.6633 | 0.6652 | 0.6676 |
| Fibonacci | 0.6566 | 0.6582 | 0.6592 | 0.6609 | 0.6625 | 0.6635 | 0.6652 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6473 | 0.6515 | 0.6559 | 0.6601 | 0.6645 | 0.6687 | 0.6731 |
| Camarilla | 0.6578 | 0.6586 | 0.6594 | 0.6602 | 0.6610 | 0.6618 | 0.6626 |
| Woodie | 0.6473 | 0.6516 | 0.6559 | 0.6602 | 0.6645 | 0.6688 | 0.6731 |
| Fibonacci | 0.6515 | 0.6548 | 0.6569 | 0.6601 | 0.6634 | 0.6655 | 0.6687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6060 | 0.6211 | 0.6343 | 0.6494 | 0.6626 | 0.6777 | 0.6909 |
| Camarilla | 0.6397 | 0.6423 | 0.6449 | 0.6475 | 0.6501 | 0.6527 | 0.6553 |
| Woodie | 0.6051 | 0.6206 | 0.6334 | 0.6489 | 0.6617 | 0.6772 | 0.6900 |
| Fibonacci | 0.6211 | 0.6319 | 0.6386 | 0.6494 | 0.6602 | 0.6669 | 0.6777 |
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): | 56.24 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -13.0906 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.6617 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6588 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.6593 | |
| Zig ZAG (10): | 0.6617 | |
| VORTEX (21): | 1.0562 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 0.6620 | |
| Williams %R (14): | -22.92 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | -0.0043 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0049 | |
| Courbe Coppock: | 0.48 |
| MA7: | 0.6605 | |
| MA20: | 0.6538 | |
| MA50: | 0.6546 | |
| MA100: | 0.6572 | |
| MAexp7: | 0.6618 | |
| MAexp20: | 0.6613 | |
| MAexp50: | 0.6609 | |
| MAexp100: | 0.6602 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | +0.70% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.24% |
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:
-
AUD/USD Forecast May 15, 2024
-
AUD/USD Daily Forecast and Technical Analysis for May 14, 2024, by Chris Lewis for FX Empire
-
AUD/USD Forecast May 14, 2024
-
AUD/USD Daily Forecast and Technical Analysis for May 13, 2024, by Chris Lewis for FX Empire
-
Weekly Technical Outlook: 13/05/2024 - EURUSD, GBPUSD, AUDUSD
This member declared not having a position on this financial instrument or a related financial instrument.
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