AUD/USD - 1H - Technical analysis published on 06/03/2024 (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:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.6638 USD
My targets
0.6680 USD (+0.0023)
0.6700 USD (+0.0043)
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 0.6638 USD. The buyers' bullish objective is set at 0.6680 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6700 USD. If there is any crossing, the next objective would be the resistance located at 0.6864 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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Additional analysis
Quotes
The AUD/USD rating is 0.6657 USD. The price has increased by +0.03% since the last closing and was traded between 0.6651 USD and 0.6658 USD over the period. The price is currently at +0.09% from its lowest and -0.02% from its highest.0.6651
0.6658
0.6657
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 0.6608 | 0.6629 | 0.6638 | 0.6657 | 0.6660 | 0.6680 | 0.6700 |
Change (%) | -0.74% | -0.42% | -0.29% | - | +0.05% | +0.35% | +0.65% |
Change | -0.0049 | -0.0028 | -0.0019 | - | +0.0003 | +0.0023 | +0.0043 |
Level | Minor | Major | Minor | - | Minor | Intermediate | 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 | 0.6632 | 0.6638 | 0.6646 | 0.6652 | 0.6660 | 0.6666 | 0.6674 |
Camarilla | 0.6651 | 0.6652 | 0.6654 | 0.6655 | 0.6656 | 0.6658 | 0.6659 |
Woodie | 0.6634 | 0.6639 | 0.6648 | 0.6653 | 0.6662 | 0.6667 | 0.6676 |
Fibonacci | 0.6638 | 0.6643 | 0.6646 | 0.6652 | 0.6657 | 0.6660 | 0.6666 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6514 | 0.6552 | 0.6603 | 0.6641 | 0.6692 | 0.6730 | 0.6781 |
Camarilla | 0.6629 | 0.6637 | 0.6645 | 0.6653 | 0.6661 | 0.6669 | 0.6678 |
Woodie | 0.6520 | 0.6555 | 0.6609 | 0.6644 | 0.6698 | 0.6733 | 0.6787 |
Fibonacci | 0.6552 | 0.6586 | 0.6607 | 0.6641 | 0.6675 | 0.6696 | 0.6730 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6258 | 0.6362 | 0.6507 | 0.6611 | 0.6756 | 0.6860 | 0.7005 |
Camarilla | 0.6585 | 0.6607 | 0.6630 | 0.6653 | 0.6676 | 0.6699 | 0.6722 |
Woodie | 0.6280 | 0.6372 | 0.6529 | 0.6621 | 0.6778 | 0.6870 | 0.7027 |
Fibonacci | 0.6362 | 0.6457 | 0.6516 | 0.6611 | 0.6706 | 0.6765 | 0.6860 |
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): | 56.33 | |
MACD (12,26,9): | 0.0005 | |
Directional Movement: | 6.3916 | |
AROON (14): | -14.2857 | |
DEMA (21): | 0.6654 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6661 | |
Elder Ray (13): | 0.0004 | |
Super Trend (3,10): | 0.6632 | |
Zig ZAG (10): | 0.6652 | |
VORTEX (21): | 1.1041 | |
Stochastique (14,3,5): | 52.50 | |
TEMA (21): | 0.6655 | |
Williams %R (14): | -50.00 | |
Chande Momentum Oscillator (20): | -0.0014 | |
Repulse (5,40,3): | 0.0126 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0108 | |
Courbe Coppock: | 0.12 |
MA7: | 0.6644 | |
MA20: | 0.6640 | |
MA50: | 0.6568 | |
MA100: | 0.6560 | |
MAexp7: | 0.6653 | |
MAexp20: | 0.6647 | |
MAexp50: | 0.6641 | |
MAexp100: | 0.6640 | |
Price / MA7: | +0.20% | |
Price / MA20: | +0.26% | |
Price / MA50: | +1.36% | |
Price / MA100: | +1.48% | |
Price / MAexp7: | +0.06% | |
Price / MAexp20: | +0.15% | |
Price / MAexp50: | +0.24% | |
Price / MAexp100: | +0.26% |
Quotes :
-
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:
-
AUD/USD Forecast June 3, 2024
-
AUD/USD Long Term Forecast and Technical Analysis for May 31, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for May 31, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for May 30, 2024, by Chris Lewis for FX Empire
-
AUD/USD Daily Forecast and Technical Analysis for May 29, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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