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
61%
6%
33%
My opinion
Bullish above 0.6606 USD
My targets
0.6650 USD (+0.0025)
0.6675 USD (+0.0050)
My analysis
The bullish trend is currently very strong on AUD/USD. As long as the price remains above the support at 0.6606 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6650 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6675 USD as an objective. Crossing it would then enable buyers to target 0.6864 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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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Additional analysis
Quotes
The AUD/USD rating is 0.6625 USD. The price has increased by +0.21% since the last closing and was between 0.6580 USD and 0.6628 USD. This implies that the price is at +0.68% from its lowest and at -0.05% from its highest.0.6580
0.6628
0.6625
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
Technical analysis of AUD/USD in 1H shows a strongly overall bullish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6552 | 0.6586 | 0.6606 | 0.6625 | 0.6629 | 0.6650 | 0.6675 |
| Change (%) | -1.10% | -0.59% | -0.29% | - | +0.06% | +0.38% | +0.75% |
| Change | -0.0073 | -0.0039 | -0.0019 | - | +0.0004 | +0.0025 | +0.0050 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.29 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -9.0725 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.6623 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6597 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.6601 | |
| Zig ZAG (10): | 0.6626 | |
| VORTEX (21): | 1.1011 | |
| Stochastique (14,3,5): | 96.53 | |
| TEMA (21): | 0.6627 | |
| Williams %R (14): | -4.17 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.1035 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.59 |
| MA7: | 0.6606 | |
| MA20: | 0.6538 | |
| MA50: | 0.6546 | |
| MA100: | 0.6572 | |
| MAexp7: | 0.6623 | |
| MAexp20: | 0.6617 | |
| MAexp50: | 0.6611 | |
| MAexp100: | 0.6604 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +0.81% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.32% |
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 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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