AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

22%

61%

17%

My opinion

Bearish under 0.6683 USD

My targets

0.6629 USD (-0.0025)

0.6586 USD (-0.0068)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AUD/USD as long as the price remains well below 0.6683 USD. The next bearish objective for sellers is set at 0.6629 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6586 USD. In case of crossing, the next objective would be the support located at 0.6558 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.6629 USD. With this support, against the trend traders who want to buy AUD/USD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 0.6654 USD. On the day, this instrument lost -0.42% and was traded between 0.6650 USD and 0.6684 USD over the period. The price is currently at +0.06% from its lowest and -0.45% from its highest.

0.6650

0.6684

0.6654

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

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 AUD/USD in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	0.6558	0.6586	0.6629	0.6654	0.6654	0.6683	0.6695
Change (%)	-1.44%	-1.02%	-0.38%	0%	-	+0.44%	+0.62%
Change	-0.0096	-0.0068	-0.0025	0	-	+0.0029	+0.0041
Level	Minor	Intermediate	Major	Minor	-	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	0.6593	0.6623	0.6653	0.6683	0.6713	0.6743	0.6773
Camarilla	0.6666	0.6671	0.6677	0.6682	0.6688	0.6693	0.6699
Woodie	0.6592	0.6623	0.6652	0.6683	0.6712	0.6743	0.6772
Fibonacci	0.6623	0.6646	0.6660	0.6683	0.6706	0.6720	0.6743

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.24
MACD (12,26,9):	-0.0003
Directional Movement:	-8.1845
AROON (14):	-64.2857
DEMA (21):	0.6667
Parabolic SAR (0,02-0,02-0,2):	0.6681
Elder Ray (13):	-0.0010
Super Trend (3,10):	0.6689
Zig ZAG (10):	0.6654
VORTEX (21):	0.9073
Stochastique (14,3,5):	23.15
TEMA (21):	0.6660
Williams %R (14):	-91.18
Chande Momentum Oscillator (20):	-0.0025
Repulse (5,40,3):	-0.3475
ROCnROLL:	2
TRIX (15,9):	-0.0037
Courbe Coppock:	0.37

MA7:	0.6641
MA20:	0.6576
MA50:	0.6550
MA100:	0.6567
MAexp7:	0.6664
MAexp20:	0.6670
MAexp50:	0.6666
MAexp100:	0.6651
Price / MA7:	+0.20%
Price / MA20:	+1.19%
Price / MA50:	+1.59%
Price / MA100:	+1.32%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.25%
Price / MAexp50:	-0.20%
Price / MAexp100:	+0.03%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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