AUD/USD - 1H - Technical analysis published on 05/31/2024 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.6608 USD
My targets
0.6648 USD (+0.0016)
0.6666 USD (+0.0034)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade AUD/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.6608 USD. The buyers' bullish objective is set at 0.6648 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6666 USD. If there is any crossing, the next objective would be the resistance located at 0.6680 USD. If there is a bearish break in the support located at 0.6608 USD some indecision would arise.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD price is 0.6632 USD. On the day, this instrument gained +0.05% with the lowest point at 0.6626 USD and the highest point at 0.6640 USD. The deviation from the price is +0.09% for the low point and -0.12% for the high point.0.6626
0.6640
0.6632
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/USD:
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
A technical analysis in 1H of this AUD/USD chart shows a slightly bullish trend. 46.43% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6592 | 0.6608 | 0.6629 | 0.6632 | 0.6638 | 0.6648 | 0.6666 |
| Change (%) | -0.60% | -0.36% | -0.05% | - | +0.09% | +0.24% | +0.51% |
| Change | -0.0040 | -0.0024 | -0.0003 | - | +0.0006 | +0.0016 | +0.0034 |
| Level | Major | Minor | Major | - | Intermediate | Minor | 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 | 0.6540 | 0.6566 | 0.6597 | 0.6623 | 0.6654 | 0.6680 | 0.6711 |
| Camarilla | 0.6613 | 0.6619 | 0.6624 | 0.6629 | 0.6634 | 0.6640 | 0.6645 |
| Woodie | 0.6544 | 0.6567 | 0.6601 | 0.6624 | 0.6658 | 0.6681 | 0.6715 |
| Fibonacci | 0.6566 | 0.6587 | 0.6601 | 0.6623 | 0.6644 | 0.6658 | 0.6680 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6460 | 0.6526 | 0.6577 | 0.6643 | 0.6694 | 0.6760 | 0.6811 |
| Camarilla | 0.6596 | 0.6607 | 0.6617 | 0.6628 | 0.6639 | 0.6650 | 0.6660 |
| Woodie | 0.6453 | 0.6522 | 0.6570 | 0.6639 | 0.6687 | 0.6756 | 0.6804 |
| Fibonacci | 0.6526 | 0.6571 | 0.6598 | 0.6643 | 0.6688 | 0.6715 | 0.6760 |
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): | 52.71 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 6.1278 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 0.6633 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6645 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6612 | |
| Zig ZAG (10): | 0.6632 | |
| VORTEX (21): | 1.1854 | |
| Stochastique (14,3,5): | 45.75 | |
| TEMA (21): | 0.6637 | |
| Williams %R (14): | -72.73 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0353 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 0.29 |
| MA7: | 0.6629 | |
| MA20: | 0.6634 | |
| MA50: | 0.6563 | |
| MA100: | 0.6559 | |
| MAexp7: | 0.6632 | |
| MAexp20: | 0.6630 | |
| MAexp50: | 0.6630 | |
| MAexp100: | 0.6635 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | +1.05% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.05% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on AUD/USD at the time of the analysis were as follows:
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AUD/USD Daily Forecast and Technical Analysis for May 30, 2024, by Chris Lewis for FX Empire
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AUD/USD Daily Forecast and Technical Analysis for May 29, 2024, by Chris Lewis for FX Empire
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AUD/USD Daily Forecast and Technical Analysis for May 28, 2024, by Chris Lewis for FX Empire
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AUD/USD Forecast May 28, 2024
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AUD/USD Daily Forecast and Technical Analysis for May 27, 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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